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Story Highlights

  • Chairman of the Jamaica Tourist Board (JTB), Dennis Morrison has called on the Montego Bay business community to invest in the development of the city.
  • Stating that the investment climate in the country is was positive, Mr. Morrison said: “there is no excuse and we should not wait for foreign investors to come in and then complain about their presence, which is what we tend to do’.
  • The JTB is co-sponsoring the second staging of the MoBay City Run under the theme: ‘Running for education …hope for the future’.

Chairman of the Jamaica Tourist Board (JTB), Dennis Morrison has called on the Montego Bay business community to invest in the development of the city.

He said there are a myriad of investment opportunities that are “just staring us in the face,” citing the revival of businesses along the famous Hip Strip, which have gone out of operation.

Stating that the investment climate in the country is was positive, Mr. Morrison said: “there is no excuse and we should not wait for foreign investors to come in and then complain about their presence, which is what we tend to do’.

The JTB Chairman was delivering the keynote address at Tuesday’s (March 3), launch of the MoBay City Run at the Holiday Inn Sunspree Resort in Montego Bay.

The event, scheduled for May 3, is expected to attract some 4,000 participants, and organisers are aiming to raise over $5 million to assist nearly 200 needy students to access tertiary education.

Mr. Morrison, while commending the city’s business leaders, who have extended their support to the event, noted that “once these young people achieve their goal and achieve higher education, they will need to find employment and business opportunities here in the city and surrounding areas”.

“So, you invest in tertiary and higher education, but you need to take the other step of increasing your involvement in the city in terms of economic activity and invest in expanding production in the city and creating jobs,” he pointed out.

Stressing that the “investment climate is right,” Mr. Morrison said “the economy is stabilising and financial institutions are lending for tourism projects, even to foreigners”.

“You have the business acumen and you have the fullest support of the Jamaica Tourist Board. Let us restore this once vibrant city centre to its former glory. It’s a win-win situation for the students we are supporting with the City Run, for the visitors who are just waiting in line to visit the famous City of Montego Bay and for you, the smart investors,” he added.

The JTB is co-sponsoring the second staging of the MoBay City Run under the theme: ‘Running for education …hope for the future’.

Organisers are targeting a 100 per cent increase in scholarships awarded to students in the city, who are attending the western campuses of the University of the West Indies (UWI) and the University of Technology (UTech), Sam Sharpe Teachers’ College and the Montego Bay Community College.