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Minister of Industry, Investment and Commerce, Karl Samuda, has said that the establishment of the Caymanas Economic Zone, in St. Catherine, is expected to provide jobs for more than 30,000 Jamaicans. Addressing members of the Jamaican Diaspora Canada Foundation (JDCF) and several Jamaican business owners at a recent meeting at the Jamaican Consulate General in Toronto, Canada, Mr. Samuda said...

Minister of Industry, Investment and Commerce, Karl Samuda, has pledged the Government's support in promoting the continued growth and development of the small business and productive enterprises. Speaking at the Prime Minister's Town Hall meeting at the Portmore HEART Academy, in St. Catherine, on May 26, Mr. Samuda said it is the Government's intention to expand the involvement of Jamaicans...

Minister of Industry, Investment and Commerce, Hon. Karl Samuda, has lauded the efforts of BizPal, one of Canada's premier virtual shops for business applications. BizPal (Pal stands for permits and licences) is a one-stop online service giving persons interested in setting up business all the information on the permits, licences and regulations needed, from all levels of government, to start...

The parish of Trelawny will see an injection of US$30 billion in investments over the next 10 years. This was noted by His Worship the Mayor of Falmouth, Councillor Colin Gager, as he delivered the keynote address at the Friends of Trelawny (FOTA) Business and Investment Symposium, on May 23, at the JFK Holiday Inn, Queens, New York, U.S.A. "Billions...

Minister of Industry, Investment and Commerce, Hon. Karl Samuda, has said that the objectives of his working visit to Canada from May 19 to 23 were to learn from the Canadians' business development experience, and find strategies to help Jamaica become more competitive. "In the final analysis, we cannot attract investments if we have burdensome bureaucracy or any form of...

The Inter-American Development Bank (IDB) and the Private Sector Organisation of Jamaica (PSOJ) yesterday (May 21) signed a financing agreement for a US$738,250 project, aimed at improving the general competitiveness and sustainability of family controlled micro small and medium-sized enterprises (MSME) in Jamaica. Titled: 'Improving the competitiveness of Jamaican family businesses through corporate governance,' the project will "encourage the use...

Deputy Prime Minister and Minister of Foreign Affairs and Foreign Trade, Hon. Dr. Kenneth Baugh, has reported that progress is being made in the efforts to resolve trade concerns affecting Jamaica and its CARICOM partners. Minister Baugh was commenting on CARICOM'S 26th Council on Trade and Economic Development meeting in Georgetown, Guyana, last Thursday and Friday. Minister Baugh told CARICOM...

Minister of State in the Ministry of Industry, Investment and Commerce Michael Stern has said that small businesses are the bedrock of Jamaica. "In many ways, small businesses are the bedrock of the country. Their success mirrors the country's success," he stated at Today's Money Limited Mandeville Money Expo held on Wednesday (May 13) at the Golf View Hotel in...

The Jamaica Business Development Corporation (JBDC) opened its ninth Jamaica Business Information Centre (JAMBIC) in Mandeville Manchester on Thursday (May 14), which will provide a range of technical support for small entrepreneurs. The facility, located at the Morris Entrepreneurial Centre, is in collaboration with the Northern Caribbean University (NCU). A Memorandum of Understanding (MoU) was signed between the JBDC and...

Senior Director in the Ministry of Industry, Investment and Commerce Douglas Webster, has said that several investors were short-changing their businesses by failing to register them, thereby losing out on available financial and professional assistance. Mr. Webster, who is also the head of Policy, Planning, Projects and Research in the Ministry, was speaking at the opening ceremony of the Jamaica...

Minister of State in the Ministry of Industry, Investment and Commerce Hon. Michael Stern, has said that Government is committed to the drive for global competitiveness and has created a National Export Strategy to take Jamaican exports to the next level. "The time has truly come for us to capitalise on our unique geographical location at the centre of the...

The Government is to provide $2 billion, through the Development Bank of Jamaica (DBJ), to fund loans to micro, small, and medium sized enterprises, Prime Minister the Hon. Bruce Golding has announced. Speaking in the 2009/10 Budget Debate in Parliament on Tuesday (May 5), Mr. Golding said the DBJ will make $1 billion available, through approved financial institutions (AFIs), to...