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May 2021
 

31 May 2021

$600 million support for MSMEs

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 31 May 2021    communications   
Some $600 million will be pumped into the Export-Import (EXIM) Bank to enable micro, small and medium-sized enterprises (MSMEs) to access affordable financing. This was announced by Minister of Industry, Investment and Commerce Audley Shaw while making his contribution to the Sectoral Debate on Tuesday as he declared the sector was in recovery mode. Just over $200 million will be immediately transferred as a result of the closure of MIDA, and a further $400 million will be made available later this year. “We are recovering faster and stronger. Additionally, during the financial year, the EXIM...


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The Minister of Industry, Investment and Commerce, Hon. Audley Shaw giving his contribution to the 2021/22 Sectoral Debate on Tuesday (May 11), in the House of Representatives.

Ganja Industry Development Task Force Being Established

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 31 May 2021    communications   
The Ministry of Industry, Investment and Commerce is advanced in establishing a Ganja Industry Development Task Force, which will draw on expertise from the public and private sectors and academia to provide guidance for the further growth of the industry. Among the areas of focus are rights and protection, expansion of research on medical cannabis, product development, market access and high-impact investment. Portfolio Minister, Hon. Audley Shaw, made the disclosure during his contribution to the Sectoral Debate in the House of Representatives on Tuesday (May 11). The work of the Task Force...


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Minister of Industry, Investment and Commerce, Hon. Audley Shaw, speaks in the 2021/22 Sectoral Debate in the House of Representatives, on May 11. Seated at left is Minister of State in the Ministry of Industry, Investment and Commerce, Dr. the Hon. Norman Dunn.

Cabinet To Receive Strategy To Expand BPO Industry

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 31 May 2021    communications   
Minister of Industry, Investment and Commerce, Hon. Audley Shaw, says the Ministry is committed to the implementation of the National Five-year Global Digital Services Strategy, to expand the business process outsourcing (BPO) industry. The strategy, which is to be taken to Cabinet shortly, will facilitate promotion of the sector, enable training of students in new digital skills of a higher-value skill set and pave the way for introduction of new businesses in the Jamaican landscape along the outsourcing value chain. “The strategy aims to increase the sector’s employment towards achieving 70...


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Minister of Industry, Investment and Commerce, Hon. Audley Shaw,  making his contribution to the 2021/22 Sectoral Debate in the House of Representatives on May 11.

State Entities That Facilitate Imports And Exports To Be Digitised

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 31 May 2021    communications   
Some 20 State entities that facilitate imports and exports are earmarked for digitisation under the Jamaica Electronic Single Window for Trade (JSWIFT) initiative. The JSWIFT is the one-stop facility designed to provide fully automated services to enable a single portal for access to the services of all cross-border regulatory agencies. This was stated by Minister of Industry, Investment and Commerce, Hon. Audley Shaw, while making his contribution to the 2021/22 Sectoral Debate in the House of Representatives on May 11. Mr. Shaw informed that the Trade Board Limited was the first border...


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Minister of Industry, Investment and Commerce, Hon. Audley Shaw, making his contribution to the 2021/22 Sectoral Debate in the House of Representatives on May 11.

More Than 100 MSMEs To Benefit From Formalising Project

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 31 May 2021    communications   
More than 100 informal operators in the micro, small and medium-sized enterprise (MSME) sector will benefit from support to transition to formal status. Minister of Industry, Investment and Commerce, Hon. Audley Shaw, said that the International Labour Organization (ILO) has provided a US$70,000 grant to undertake the formalising project. He said that the initiative will be implemented through the Jamaica Business Development Corporation (JBDC). The Minister, who was making his 2021/22 Sectoral Debate presentation in the House of Representatives on Tuesday (May 11), said it is estimated that...


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The Ministry

Welcome to the official website of the Ministry of Industry, Investment and Commerce.

The Ministry of Industry, Investment and Commerce is described as Jamaica's "Business Ministry." It's mandate is to lead the development of policies that will create growth and jobs, while achieving social inclusion and consumer protection. The Ministry, working its stakeholders is primarily responsible for business policy development, monitoring and evaluation, while giving direction and oversight to a cluster of implementing departments and agencies.

We have, therefore, placed much energy and enthusiasm into the development of this website to provide timely information on the Ministry, our agencies and programmes.

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4 St. Lucia Avenue, Kingston 5, Jamaica
Telephone: (876) 968-7116 
Fax: (876) 960-7422 
Email: ps_office@miic.gov.jm

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Fridays 8:30 a.m. - 4:00 p.m.

 


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