JIS News

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  • The Inter-American Development Bank (IDB) and Compete Caribbean Programme have signed a joint agreement to fund a Business Processing Outsourcing (BPO) Cluster Initiative Project, to be opened in the Montego Bay Free Zone in March.
  • Announcing the project at a Jamaica House press briefing in Montego Bay on February 5, Minister of State in the Ministry of Industry, Investment and Commerce, Hon. Sharon Ffolkes-Abrahams, said it would include a BPO incubator.
  • The State Minister told journalists that the Montego Bay Free Zone has an unfulfilled demand for 75,000 sq. ft. of space as of October 2014, and that the Board of Directors has approved the conversion of a factory to create 66,000 sq. ft. of additional space for the growing BPO industry.

The Inter-American Development Bank (IDB) and Compete Caribbean Programme have signed a joint agreement to fund a Business Processing Outsourcing (BPO) Cluster Initiative Project, to be opened in the Montego Bay Free Zone in March.

Announcing  the project at a Jamaica House press briefing in Montego Bay on February 5, Minister of State in the Ministry of Industry, Investment and Commerce, Hon. Sharon Ffolkes-Abrahams, said it would include a BPO incubator.

“The funding for the project will be US$500,000.00 and will result in the establishment of a 200-seat BPO incubator which will spur further growth within the BPO industry.  The Montego Bay Free Zone has already identified the first client and is in discussions with two other interested companies,” she noted.

The State Minister told journalists that the Montego Bay Free Zone has an unfulfilled demand for 75,000 sq. ft. of space as of October 2014, and that the Board of Directors has approved the conversion of a factory  to create 66,000 sq. ft. of additional space for the growing BPO industry.

“The Barnett Technology Park has built a new 50,000 sq. ft. building for the Business Processing Outsourcing Industry and will be constructing another 150,000 sq. ft. of space in the near future to continue to support this industry,” Mrs. Ffolkes-Abrahams said.

Meanwhile, the State Minister cited the new emerging Bamboo industry that is expected to greatly impact Jamaica and the western end of the island, in particular.

“We are in the process of ramping up Haughton Court, which is a factory that will be refurbished by the Factories Corporation to house a part of this new industry. Jamaica is now the Chair of the International Network of Bamboo and Rattan (INBAR), an organization that has some 40 members,” she noted.

The State Minister said that Jamaica has been chosen to host the next conference of the organization, scheduled to be held in 2016, with possibly all 40 member countries in attendance.

“I believe that Jamaica has a lot to look forward to in this particular industry.  I want to indicate that bamboo has many uses and a wide range of products, including bamboo flooring, corrugated roofing, furniture, pens, pencils, tooth picks and also bamboo charcoal.  This is an industry that can get us a lot of returns on our investment,” she pointed out.

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