JIS News

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  • Minister of Industry, Investment and Commerce, Hon. Anthony Hylton on January 27, launched the second in a series of Mobile Business Clinics, to assist small business persons.
  • Staged by the Jamaica Business Development Corporation (JBDC), the three-day clinic was launched at the National Commercial Bank (NCB) Car Park in Savanna-la-Mar, Westmoreland, under the theme: ‘Strengthening the Capacity of Jamaican MSMEs’.
  • Mr. Hylton said the clinic is of signal importance to Jamaica and his Ministry is committed to reach out to the micro, small and medium sized enterprises.

Minister of Industry, Investment and Commerce, Hon. Anthony Hylton on January 27, launched the second in a series of Mobile Business Clinics, to assist small business persons.

Staged by the Jamaica Business Development Corporation (JBDC), the three-day clinic was launched at the National Commercial Bank (NCB) Car Park in Savanna-la-Mar, Westmoreland, under the theme: ‘Strengthening the Capacity of Jamaican MSMEs’, and is aimed at members of the Micro, Small and Medium Sized Enterprise (MSME) sector in Western Jamaica.

In his address, Mr. Hylton said the clinic is of signal importance to Jamaica and his Ministry is committed to reach out to the micro, small and medium sized enterprises.

He pointed out that the staging of the Mobile Business Clinic in Savanna-la-Mar is a strategic move by the JBDC, as the need for the services offered by the Corporation is in high demand by members of the business sector.

“We have long held the position that Kingston is not Jamaica; hence we are ensuring that our services are not only limited to the Corporate Area, but are spread across the length and breadth of Jamaica. We know there is a need for service in this parish and that is why we are here,” Mr. Hylton said.

The Minister said the result of a needs analysis, which was done by the JBDC, paints a less than impressive picture of players in the MSME sector in the parish of Westmoreland, which is a recipe for failure.

“It indicates that 67 per cent of MSMEs in Westmoreland do not have a business plan, 39 per cent of MSMEs have no previous exposure to entrepreneurship training and only 14 per cent MSMEs accessed loans through banks and credit unions during the life of their business. That is highly unacceptable. We can’t drive growth in the economy with only 14 per cent of our businesses accessing loans,” Mr. Hylton said.

The Minister noted that discussions are currently taking place with the Ministry of Finance, the Planning Institute of Jamaica and the Development Bank of Jamaica to find meaningful solutions to this problem.

“I do hope that very shortly when I speak, either in the Sectoral Debate that is coming up or perhaps even before that, I will be in a position to speak very definitively to some plans and programmes, aimed at contributing to the resolution of this very troubling and challenging issue,” he said.

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