Home Tag "MSME Sector"

State of the MSME Sector in CARICOM – Prospects for the Future

I want to begin my remarks this morning by thanking Senator Lynette Holder, CEO of the Barbados Small Business Association for inviting me to deliver the keynote address at this year’s State of the Sector Conference. I also want to congratulate the SBA for its continuing advocacy of micro, small and medium-sized businesses across Barbados, […]

Barbados 2018-2020 Economic Review

Shaw Wants Dormant Funds In Commercial Banking System Returning To Central Government In 7 Years Down From 15

Industry, Commerce, Agriculture and Fisheries Minister, Audley Shaw says the first report on funds in dormant accounts is on his desk and will be shared with the Finance Minister and the Cabinet. He pointed out that dormant funds in the commercial banking system are something that has to be looked at, as the global standard […]

Barbados 2018-2020 Economic Review

If We Are To Have Real Growth And Development Nationally …. We Must Grow Our SME Sector.

ladies and gentlemen, I have noted that the title of opening plenary is: Entrepreneurship, Innovation And Growth: Unlocking The Potential In The Jamaican Economy. Implicit in this I suppose is the message that entrepreneurship and innovation have something to do with growth? Is that an assumption that one could fairly draw? Well I suppose that […]

Barbados 2018-2020 Economic Review

To Succeed As A Nation In Harnessing The Opportunities That Exist With The Fourth Industrial Revolution We Must Engage Micro, Small And Medium-Sized Enterprises.

Introduction Let me first thank the organisers for the invitation and opportunity to address this august gathering. The Flow family extends hearty congratulations to those well deserving members of the industry and those outstanding students from the UWI, UTECH and the Caribbean Maritime University who will receive awards this evening. I also want to commend […]

State of the MSME Sector in CARICOM – Prospects for the Future

Government of Jamaica Exploring Feasibility Of Utilizing Accounts Receivables Asset-Based Financing As A Funding Option For Micro, Small And Medium-Size Enterprises

The Government of Jamaica is exploring the feasibility of utilizing accounts receivables asset-based financing as a funding option for micro, small and medium-size enterprises (MSMEs). The concept allows business owners to access capital that is secured by outstanding invoices or money owed by clients procuring goods and services on credit. Minister of Finance and the […]

Barbados 2018-2020 Economic Review

US$25M “Boosting Innovation, Growth And Entrepreneurship Ecosystem” Project Being Implemented By Development Bank Of Jamaica.

Over the next five years, a total of US$25 million will be invested in a project designed to finance and aid innovation, entrepreneurship and economic growth of micro, small, and medium-sized enterprises (MSMEs) and business startups. Dubbed ‘Boosting Innovation, Growth and Entrepreneurship Ecosystem (BIGEE)’ the project is being implemented by the Development Bank of Jamaica […]

Barbados 2018-2020 Economic Review

Jamaican Government To Tap Into Estimated JA$45 Billion In Unclaimed Funds Lying Dormant In Accounts Of Local Commercial Banks, For MSME Sector.

Minister of Industry, Commerce, Agriculture and Fisheries, Audley Shaw says the Government, is expected to tap into a third of an estimated $45 billion in unclaimed funds lying dormant in accounts of local commercial banks. The Minister is reported to have said that it was time to stop paying lip service to MSMEs, and the […]

Barbados 2018-2020 Economic Review

IGNITE Is Enabling Jamaican Entrepreneurs With Innovative Business Ideas To Access Grant Funds To Develop And Commercialise Their Business.

Development Bank of Jamaica (DBJ) Managing Director, Milverton Reynolds, says he expects support from the Inter-American Development Bank (IDB) and Caribbean Development Bank (CDB) for its Innovation Grant from New Ideas to Entrepreneurship (IGNITE) programme. The second phase of the programme was launched at the Spanish Court Hotel, in New Kingston, on Friday (April 27). […]

Barbados 2018-2020 Economic Review

Jamaican Government Assessing Feasibility Of Utilising Unclaimed Funds Held By Financial Institutions For MSME Sector

The Jamaican Government is to engage technical consultants to assess the feasibility of utilising unclaimed funds, held by financial institutions, as a critical financing option for the growth and development of the micro, small and medium-sized enterprise (MSME) sector. This was disclosed by Minister of Industry, Commerce, Agriculture and Fisheries, Audley Shaw, at the launch […]

Barbados 2018-2020 Economic Review

The Small Business Association of Jamaica: Supporting Entrepreneurship in Jamaica

Its objectives are to foster, encourage and develop small businesses in Jamaica thus contributing to national and international development. It also offers networking and a solution oriented platform whereby small business entrepreneurs can meet for discussions, and find solution to their common problems. They also serve as a corporate voice though which small businesses can make their views known to the Government and the public in general, in a variety of areas by pooling efforts and resources for the benefit of all.

Barbados 2018-2020 Economic Review