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Story Highlights

  • Prime Minister Andrew Holness today announced the maintenance of incentives for companies enlisting on the Junior Stock Market.
  • Launched in 2009 the junior stock market was established to encourage and facilitate the development of smaller companies, particularly newer enterprises by enabling them to raise equity.
  • Prime Minister Holness described his government’s approach to economic growth as systematic and declared “We must continue to create a system where when people take risks they are rewarded...

Prime Minister Andrew Holness today announced the maintenance of incentives for companies enlisting on the Junior Stock Market.

On the anniversary of the launch of the Junior Stock Market, the Prime Minister congratulated business operators who have enlisted on the Junior Stock Market and expressed gratitude for their continued partnership in the thrust for economic growth and job creation.

Highlighting the importance of the Junior Stock Market, Prime Minister Holness declared that enough attention has not been paid to the Junior Stock Market which has since its inception contributed significantly to economic growth.

Launched in 2009 the junior stock market was established to encourage and facilitate the development of smaller companies, particularly newer enterprises by enabling them to raise equity.

“We know that growth comes from the growth of businesses, the growth of firms, and not just large firms. Indeed growing the economy means growing it at the root, at the base”, Prime Minister Holness said.

He added that the Junior Stock Market has always been an arena where new businesses, new idea innovations, and entrepreneurship can flourish.

Prime Minister Holness described his government’s approach to economic growth as systematic and declared “We must continue to create a system where when people take risks they are rewarded. We must encourage entrepreneurship and make it easier for people who have ideas to find financing and take risks’’.

Responding on behalf of the members of the Junior Stock Market General Manager of the Jamaica Stock Exchange, Mrs. Marlene Street-Forrest, thanked Prime Minister Holness and his government for restoring the original incentives for the Junior Market and said the Government will not be disappointed as there will be a significant increase in the level of growth, confidence and entrepreneurship in Jamaica.