Home Tag "MSME Sector"

Development Bank Of Jamaica On-Lending JA$5B MSME’s Over The Next 12 Months.

The Development Bank of Jamaica (DBJ) will be on-lending $5 billion to micro, small and medium-sized enterprises (MSMEs) over the next 12 months. This was announced by Minister of Finance and the Public Service, Dr.  Nigel Clarke, at the launch of the 50th anniversary of the Inter-American Development Bank (IDB) operations in Jamaica, at its […]

Electric Mobility To Be Explored At Fourth Energy And Climate Partnership Of The Americas (ECPA) Ministerial Meeting

Government Of Jamaica Giving Priority To MSMEs

Minister of State in the Ministry of Industry, Commerce, Agriculture and Fisheries, Hon. Floyd Green, says the Government is giving priority to micro, small and medium-sized enterprises (MSMEs) as a driver of economic growth. He noted that “quite recently, in Parliament, it was decided that we will set aside 20 per cent of the government […]

Electric Mobility To Be Explored At Fourth Energy And Climate Partnership Of The Americas (ECPA) Ministerial Meeting

Government Of Jamaica Provides More Incentives For Local Suppliers

The micro, small and medium-sized enterprise (MSME) sector has received a boost with the passage of two Resolutions in the House of Representatives that seek to provide an opportunity for local suppliers to bid on government contracts, based on the percentage of local raw material being used. The resolutions are the Public Procurement (Domestic Margin […]

Electric Mobility To Be Explored At Fourth Energy And Climate Partnership Of The Americas (ECPA) Ministerial Meeting

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, […]

Electric Mobility To Be Explored At Fourth Energy And Climate Partnership Of The Americas (ECPA) Ministerial Meeting

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 […]

Electric Mobility To Be Explored At Fourth Energy And Climate Partnership Of The Americas (ECPA) Ministerial Meeting

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 […]

Electric Mobility To Be Explored At Fourth Energy And Climate Partnership Of The Americas (ECPA) Ministerial Meeting

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 […]

Electric Mobility To Be Explored At Fourth Energy And Climate Partnership Of The Americas (ECPA) Ministerial Meeting

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 […]

Electric Mobility To Be Explored At Fourth Energy And Climate Partnership Of The Americas (ECPA) Ministerial Meeting

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 […]

Electric Mobility To Be Explored At Fourth Energy And Climate Partnership Of The Americas (ECPA) Ministerial Meeting