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  • Investment, Industry and Commerce Minister, Hon. Anthony Hylton, is encouraging operators of Micro Small and Medium-sized (MSME) enterprises in St. James to make use of available training and assistance to develop and improve their operations.
  • He was addressing the roll out of the Mobile Business Clinic on November 4, in Sam Sharpe Square, Montego Bay.
  • The Minister said data coming out of a needs assessment indicate that 47 per cent of players in the MSME sector in the parish have had no previous exposure to entrepreneurship training or coaching.

Investment, Industry and Commerce Minister, Hon. Anthony Hylton, is encouraging operators of Micro Small and Medium-sized (MSME) enterprises in St. James to make use of available training and assistance to develop and improve their operations.

He was addressing the roll out of the Mobile Business Clinic on November 4, in Sam Sharpe Square, Montego Bay.

The Minister said data coming out of a needs assessment indicate that 47 per cent of players in the MSME sector in the parish have had no previous exposure to entrepreneurship training or coaching.

“What that means is that there is a huge gap and a huge opportunity for business service of the kind (offered by the Mobile Business Clinic),” he pointed out.

Another finding of the needs assessment is that 56 per cent of businesses do not possess a business plan.

“This is a serious deficit and a constraint to doing business because this is an integral requirement for accessing finances for your business. Persons come to me and say ‘Minister we can’t get money to do our business,’ but you cannot get the kind of funding… that your business needs to get off the ground and be sustained if you have no business plan,” he argued.

The Minister noted that the data also shows that only 24 per cent of MSMEs in St. James know of the services offered by organisations such as the Jamaica Business Development Corporation (JBDC) with only 16 per cent have a business website, which means the reach of these companies “is almost non-existent”.

“Some of the lack of support or the reduced flow of support to your business must be due to the fact that very few of you, if any, engage in any kind of systematic outreach or marketing…we have to begin to solve that problem. With the launch of the mobile business clinic in St. James, the hope is that persons will take the opportunities, which will be provided, to move their business from concept to market,” he said.

The Mobile Business Clinic Initiative in St. James will run until Thursday, November 6.

The project is being spearheaded by the JBDC, an arm of the Ministry of Industry, Investment and Commerce, with support from National Commercial Bank, Jamaica Promotions Corporation, (JAMPRO), Jamaica Logistics, Tax Administration Jamaica, the Bureau of Standards Jamaica, and a number of media entities.