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December 2022

02 December 2022

Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill (right), shares a moment with Chief Executive Officer, Jamaica Business Development Corporation (JBDC), Valerie Veira, at the recent closing ceremony for the JBDC Accelerator programme cohort four, at the AC Marriott Hotel, Kingston.

60 MSMEs Trained Under JBDC Accelerator Programme

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 02 Dec 2022    admin   
Sixty micro, small and medium-sized enterprises (MSMEs) have benefited from critical support to grow their businesses under the Jamaica Business Development Corporation (JBDC) 2022 Accelerator programme. The entity partnered with the Development Bank of Jamaica (DBJ) to deliver cohort four of the programme at a cost of $60 million. The intensive training, undertaken over six months, covered six modules – Strategy Development, Financial Management, Marketing & Sales, Operational Improvement, Digital Transformation, and Business Valuation. Participants also benefited from mentorship,...

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Communications specialist at the Consumer Affairs Commission Dorothy Campbell.

CAC secures $28m for aggrieved consumers

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 02 Dec 2022    admin   
HE Consumer Affairs Commission's (CAC) complaints division has for calendar year 2022 handled 1,201 complaint cases to date, of which 906 were resolved. This reflects a resolution rate of 75.43 per cent. In resolving these complaints, the CAC said it was able to secure $28,661,574.77 in compensation/refund on behalf of aggrieved consumers. In response to questions from the Jamaica Observer , the CAC disclosed that when including amounts secured on behalf of aggrieved consumers by the legal unit of the CAC, refunds and compensation totalled $31,495,074.77, with the unit securing $2,833,500.00...

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Minister of State, Ministry of Industry, Investment and Commerce, Dr. the Hon. Norman Dunn (left, stooping), imprints a stamp in a slab of mixed concrete to symbolise the official opening of Amazing Concrete Finishes’ (ACF) western office at Bevin Avenue in Montego Bay, St James, on Saturday (November 26). Looking on are Managing Director, ACF, Yannick Sharpe (right, front row); and(from left, standing) Member of Parliament, St James Central, Heroy Clarke; Vice President, Investment Banking, Barita, Terise Kettle; ACF Chairman, Christopher Brown, and Director, Angela Amir; Industrial and Buildings Solutions Manager, Caribbean Cement Company Limited, André Nelson, and State Minister, Office of the Prime Minister (West), Hon. Homer Davis.

Gov’t Remains Committed to Facilitating an Enabling Business and Investment Environment

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 02 Dec 2022    admin   
Minister of State in the Ministry of Industry, Investment and Commerce, Dr. the Hon Norman Dunn, says the Government remains committed to facilitating an enabling environment for investments and business development in Jamaica. Speaking at the official opening of Amazing Concrete Finishes’ (ACF) western office in Montego Bay, St James, on Saturday (November 26), Dr. Dunn said the Government has been undertaking significant policy development, which has facilitated the provision of viable opportunities for businesses in Jamaica to expand. “There’s evidence everywhere I go, of new commercial...

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Principal Director, Micro, Small and Medium-sized Enterprise (MSME) Division in the Ministry of Industry, Investment and Commerce, Oral Shaw (second right), shares in conversation with (from left) Senior Deputy Governor, Bank of Jamaica (BOJ), Dr. Wayne Robinson; Executive Director, Jamaica Council for Persons with Disabilities (JCPD), Dr. Christine Hendricks; Opposition Senator, Dr. Floyd Morris; and Coordinator, National Financial Inclusion, BOJ, Melanie Williams. Occasion was a hybrid webinar on financial inclusion at the BOJ offices, downtown Kingston, on December 1.

MSME and Entrepreneurship Policy Review Will Provide Greater Financial Inclusion for Disabled Persons

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 02 Dec 2022    admin   
The Micro, Small and Medium-Sized Enterprise (MSME) and Entrepreneurship Policy, which is up for review in 2023, will provide an opportunity for improvements to ensure greater financial inclusion, particularly for persons with disabilities. The Policy, prepared by the Ministry of Industry, Investment and Commerce, was last updated in 2018. It creates a framework that offers coordinated, coherent and targeted support to the MSME sector in an effort to expand its contribution. Among its goals are to create an enabling business environment that results in growing levels of formality in the...

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Permanent Secretary in the Ministry of Industry, Investment and Commerce, Sancia Bennett-Templer, speaks at the 20th annual Shirley Playfair Lecture, hosted by the Fair Trading Commission at the Terra Nova All-Suite Hotel in Kingston, on Thursday, December 1.

Business Community Responded Well to COVID-19 Challenges – Permanent Secretary

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 02 Dec 2022    admin   
Permanent Secretary in the Ministry of Industry, Investment and Commerce, Sancia Bennett-Templer, says Jamaica’s business community, including micro, small and medium-sized enterprises, responded well to the many global challenges caused by COVID-19 and the Russia-Ukraine war. “This, coupled with the Government’s strong fiscal policies and financial support to vulnerable sectors, ensured that Jamaica now has a stable, thriving economy with a positive outlook,” Mrs. Bennett-Templer said. She was speaking at the 20th annual Shirley Playfair Lecture, hosted by the Fair Trading Commission (FTC),...

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Aubyn Hill, minister of industry, investment and commerce, addresses the audience at the Invest Jamaica 2022 Business Conference on Day One at the Montego Bay Convention Centre on Tuesday.

Hill: Nat’l Investment Policy to boost growth, reduce corruption

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 02 Dec 2022    admin   
Investment Minister Aubyn Hill has expressed confidence that the National Investment Policy (NIP), which is to be tabled in Parliament soon, will create a smooth path for prospective investors to do business in Jamaica and reduce corruption. “The NIP ... is designed to make sure we have a clear direction as to what we want to invest in. The sugar industry is gone, and banana as an industry is a different arrangement which is now much reduced. So we have to find new ways to make our economy grow, and clearly one of those ways is the SEZ (Special Economic Zones),” he told The Gleaner on...

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A section of the audience at Tuesday's first day of the Invest Jamaica 2022 Business Conference. From front row(right) are Minister of Industry, Investment and Commerce Senator Aubyn Hill; Inter-American Development Bank's general manager, country department Caribbean group and country rep for Jamaica, Tariq Alli; Minister of Finance and the Public Service Nigel Clarke; and minister of state in the Ministry of Industry, Investment and Commerce Norman Dunn.

Gov't putting together land bank for investors

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 02 Dec 2022    admin   
MONTEGO BAY, St James — Potential investors in Jamaica's real estate sector will soon have an easier time identifying opportunities through a soon-to-be-developed land bank. Vice-president in charge of research, advocacy and project implementation at Jampro, Shullette Cox briefly spoke about the initiative during her presentation at the Invest Jamaica 2022 Business Conference on Tuesday. She was making a presentation on 'Investment Opportunities in Jamaica' and cited it as an example of ongoing efforts to facilitate investment in the country. "We're pulling together a government land bank so...

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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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