The Jamaica Business Development Corporation (JBDC) has pledged its commitment to providing interventions to support the growth of the cultural and creative sector known as the orange economy. Speaking with JIS News, Deputy Chief Executive Officer at the JBDC, Harold Davis, said that the recently published findings of the Jamaica Cultural and Creative Industries (CCI) mapping exercise will better inform...

Micro, small and medium-sized enterprises (MSMEs) are to benefit from an intellectual property (IP) monetisation and financing project being undertaken by the Jamaica Intellectual Property Office (JIPO). Speaking at the IP Valuation and IP-Based Financing for MSMEs Webinar held recently, JIPO’s Deputy Director and Legal Counsel, Dr. Marcus Goffe, said the project will aid IP owners and MSMEs in securing...

Recommendation was been made for development of a Creative Economy Act to guide the advancement of the country’s cultural and creative industries. The proposal is among findings coming out of the Jamaica Cultural and Creative Industries (CCI) mapping exercise undertaken by the Jamaica Business Development Corporation (JBDC) last year with support from the British Council. The exercise was conducted by...

The Jamaica Business Development Corporation (JBDC) says the findings of the Jamaica Cultural & Creative Industries (CCI) mapping exercise provide a framework for a long-term growth strategy for the industries. Undertaken in collaboration with the British High Commission, the research was conducted by an international consulting firm, Nordicity, which undertook fieldwork in Jamaica in January 2020. The survey included more...

Minister of State in the Ministry of Industry, Investment and Commerce, Dr. the Hon. Norman Dunn, is encouraging microfinance institutions (MFIs) to get ready for the Microcredit Act, which, he says, will become effective in July this year. The Microcredit Act 2021, which was passed in January of this year, aims to license and regulate microcredit institutions that provide financing...

Minister of Industry, Investment and Commerce, Hon. Audley Shaw, has reiterated that subsistence farmers will play a key role in the development of the local cannabis industry. “Jamaica has some of the most experienced and knowledgeable local cannabis farmers, who have been growing high-grade ganja for decades. As the industry develops, there will be increased demand for cannabis, and our...

Minister of Industry, Investment and Commerce, Hon. Audley Shaw, has welcomed discussions taking place between the Cannabis Licensing Authority (CLA) and the Pharmacy Council of Jamaica with the objective of getting locally produced cannabis-based medicines in local pharmacies. “We are encouraged by recent discussions. It is ironic that we are importing things like hemp and selling it in our pharmacies...