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Minister of State in the Ministry of Industry, Investment and Commerce, Michael Stern, has said that the Government has been and would continue to implement initiatives and policies to drive the development of entrepreneurship in Jamaica. "Our mission is to create a nation of creative and innovative entrepreneurs, who can contribute more effectively to job and wealth creation," Mr. Stern...

Executive Director of the Jamaica Business Development Corporation (JBDC), Harold Davis, has suggested that one of the key solutions to the current economic downturn is to optimize the development and growth of small businesses. Addressing a large group of small business operators and business interests from across western Jamaica at a business development seminar at the Wexford Hotel in Montego...

The Jamaica Business Development Corporation (JBDC) is inviting small business operators and business interests in western Jamaica, to attend a business development seminar at the Wexford Hotel, Montego Bay, St. James, on February 27. Dubbed 'Small Business, Enlarge Your Vision', the seminar is geared at exposing participants to various means of growing and strengthening their businesses, with particular focus on...

Discussions with a private investor are well advanced for the expansion of the Ocho Rios Pier, Minister of State in the Ministry of Mining and Telecommunications, Laurence Broderick, has announced. He said that this will be a major boost for non-metallic mineral mining, including limestone mining, in Jamaica. Mr. Broderick was speaking at a public discussion on Energy Management and...

Minister of Industry, Commerce & Investment, Hon. Karl Samuda, today, got a first-hand look at how some of the funds, provided under the Government stimulus package to assist the micro and small business sector, are being utilized. Mr. Samuda was accompanied by the Minister of State in the Ministry, the Hon. Michael Stern. They visited seven micro business clients of...

Jamaica National Small Business Loans Limited (JNSBL) has received $250 million from the Development Bank of Jamaica(DBJ) to on-lend to micro and small businesses. This is part of the Government's stimulus package to assist the sector in the current financial crisis. The first tranche of $125 million was received on Wednesday (February 18). JNBS manager, Frank Whylie, made the disclosure...

Jamaicans can benefit tremendously from exporting roots and tubers, according to General Manager of Marketech, a subsidiary of the Scientific Research Council (SRC), Roslyn Fisher. She pointed out that a lot of the roots that Jamaicans have been using over the years have proven to have medical benefits, and that the SRC is assisting in having them developed and marketed....

The co-operative movement has kept Jamaica's economy going, and even through turbulent times, it has remained firm in providing credit to small enterprises, said Minister of State in the Ministry of Industry, Investment and Commerce, Michael Stern. He was addressing a church service on Sunday (Feb. 15), at the Spring Ground Missionary Church in Manchester, to celebrative the 50th anniversary...

Minister of Finance and the Public Service, Audley Shaw, has said that despite the global economic turmoil, various opportunities exist for investment, and he would be willing to facilitate any prospect that would create growth in the economy. "I'm going to create an avenue where anyone who wants to invest, anyone who wants to take a chance in embracing productivity...

Minister of Industry, Investment and Commerce (IIC), Karl Samuda, has suggested that CARICOM identify and develop areas of comparative advantage, in order to deal effectively with the current global financial crisis. "We have taken our eyes off the need to be more productive. We have taken our eyes off the need to apply technology appropriately. So that those things we...

With approximately 50 per cent of the total market share of travellers to and from the island and 70 per cent of the airfreight market between Jamaica and the rest of the world, Air Jamaica is considered a significant turnaround opportunity for an airline investor, according to airline consultancy GRA Inc. The consultants arrived at this position following the findings...

Jamaica's Deputy Prime Minister and Minister of Foreign Affairs and Foreign Trade, Dr. Kenneth Baugh, has declared that the island presented an unparalleled location for investment. "Our breathtaking beauty, excellent infrastructure, strategic location at the centre of the Americas offers tremendous possibilities for European investors. Jamaica is not just for sun and sea, but is also an exciting destination for...