JBDC Commended for Assisting MSMEs

Minister of State in the Ministry of Industry, Investment and Commerce, Michael Stern has commended the Jamaica Business Development Corporation (JBDC), for its role in creating promotional opportunities for micro, small and medium enterprises (MSMEs).
Speaking at the launch of the JBDC’s Christmas fair, Kumba Mi Yabba, on December 3, the State Minister lauded the Corporation for “creatively embracing the spirit of the Jamaican Christmas traditions, by providing a welcome opportunity for MSMEs to showcase and market their products.”
He noted that this year’s staging of Kumba Mi Yabba assumes even greater significance, with the continuing threat posed by the international financial meltdown and prospects of a slowdown in economic activities here in Jamaica.
Kumba Mi Yabba, Minister Stern highlighted, “is a creative and effective medium for the involvement of MSMEs in the spirited commercial atmosphere that the Christmas season presents.”
He added that participation in such activities would provide the sector with the energy and motivation required to drive success and profitability.
The State Minister pointed out that Kumba Mi Yabba, “harmonises with the Government’s commitment to promote the sector as a crucial part of our strategy to build the economy, generate employment, alleviate poverty and empower our people.”
“We recognise that micro and small enterprises are crucial to economic development, because of their role in the production and distribution of goods and services and in enhancement of innovation, productivity and economic competitiveness,” Mr. Stern said.
He pointed out that the JBDC continuously facilitates the sustainable development of the MSMEs in Jamaica, by assisting clients, especially start-up businesses, to make efficient links with both Government and private sector agencies, while providing expert guidance in the process of entrepreneurship.
Kumba Mi Yabba will be held at the Ranny Williams Entertainment Centre in Kingston, from December 19 to 21.
The JBDC led event provides a platform for local producers and manufacturers of innovative and indigenous products and services to showcase their merchandise. Additionally, the show provides the medium for entrepreneurs to access a wider market, both locally and overseas.