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Senator Aubyn Hill (Photo: sagicorja)

Hill urges banks to craft innovative financing to back MSMEs in export push

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 15 Nov 2023    user   
Minister of Industry, Investment, and Commerce Senator Aubyn Hill is urging financial institutions to find innovative ways to structure financing arrangements for micro, small, and medium-sized enterprises (MSMEs) that export goods and services. “For all the banks, you out there looking at MSMEs, I want you to move all those MSMEs debt that are in export to the top of your pile and find innovative ways to structure the facilities they need to build their businesses,” he said. Hill made to call during his address at the grand opening of the Jamaica Business Development Corporation (JBDC) agro-...


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Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill.

 

MSMEs Should Take Advantage of Help Offered by Funding Agencies – Industry Minister

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 15 Nov 2023    user   
<p>Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, says micro, small and medium-sized enterprises (MSMEs) should take advantage of the assistance being offered by local funding agencies, to broaden their appeal overseas.</p> <p>Senator Hill, who was addressing the MSME Business Roadshow at the Half Moon Conference Centre in Montego Bay, St. James, on October 26, said his Ministry and all its relevant agencies will be targeting small business operators, offering expert help and guidance to better prepare them for the export market.</p> <p...


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Principal director, Micro, Small and Medium-sized Enterprise Division in the Ministry of Industry, Investment &amp; Commerce, Oral Shaw,

MSMEs urged to tap into government aid

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 15 Nov 2023    user   
MICRO, small, and medium-sized enterprises (MSMEs) are being encouraged to leverage government grants and facilities to enhance their business operations. While speaking at the Young Entrepreneur Association of Jamaica (YEA) summit themed 'A New DAI: Digital Technology and Artificial Intelligence - Keys to Building Better Businesses' on Saturday at the Jamaica Conference Centre, Oral Shaw, principal director of MSMEs from the Ministry of Industry, Invesment and Commerce, emphasised the importance of government support for young entrepreneurs, starting with the productive input relief. "It's a...


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Valerie Veira, the chief executive officer of the JBDC (Photo: sagicorja)

JBDC opens agro-processing incubator

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 15 Nov 2023    user   
Entrepreneurs in the local agro-processing subsector are set to benefit from technical support and other business development services to drive the overall growth and sustainability of their businesses. This comes with the grand opening on Monday, November 13, of an agro-processing incubator at the Jamaica Business Development Corporation (JBDC) Incubator and Resource Centre on 76 Marcus Garvey Drive, Kingston 13. This new agro-processing facility was implemented by the JBDC, with funding from the European Union (EU) and the Caribbean Development Bank (CDB). It is geared towards boosting...


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Harold Davis, deputy chief executive officer at the Jamaica Business Development Corporation (JBDC). (Photo: JIS)

JBDC embarks on weeklong celebration to mark GEW 2023

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 15 Nov 2023    user   
The Jamaica Business Development Corporation (JBDC) will roll out a week of activities to celebrate Global Entrepreneurship Week (GEW) 2023. The global celebration of entrepreneurs will run from November 13 to November 19, as JBDC in association with Sagicor Bank, join under the theme, ‘GEW D.R.I.V.E. – Developing Rich Industry Value Chains for Exports’. Harold Davis, deputy chief executive at the JBDC explained, “The agency has a responsibility to create new opportunities for MSMEs by facilitating industry development through value chain creation to ultimately boost exports”. During its...


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Minister of Industry, Investment, and Commerce, Senator Aubyn Hill (left), Lorenzo Escondeur (centre), chief of operations at the Inter-American Development Bank’s (IADB) Jamaica country office, and Kayla Grant, sector specialist at the IADB, engage in conversation during the MSME Business Roadshow’s Montego Bay leg at the Half Moon Conference Centre in Montego Bay, St James on Thursday, October 26.

Hill: Jamaican MSMEs must build wealth through overseas markets

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 01 Nov 2023    user   
INDUSTRY, INVESTMENT and Commerce Minister Senator Aubyn Hill says micro, small and medium enterprises (MSME) must seek to build their wealth by forging partnerships with overseas markets and clients instead of relying only on the Jamaican market. Hill made the recommendation last Thursday while delivering the keynote address during the opening session of the MSME Business Roadshow’s Montego Bay leg at the Half Moon Conference Centre in Montego Bay, St James. The roadshow was the second in a series of four events held by the Ministry of Industry, Investment and Commerce in collaboration with...


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Launch of the VM Financial Group Business Finance Suite

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 01 Nov 2023    user   
Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill (second right), makes a point to Managing Director of food manufacturing company Home Choice, Kareema Muncey (second left). Sharing in the conversation are Senior Vice President of VM Group, Rezworth Burchenson (left) and VMBS Chairman, Michael McMorris. Occasion was the launch of the VM Financial Group Business Finance Suite, in association with the Development Bank of Jamaica (DBJ) and the Jamaica Manufacturers and Exporters Association (JMEA), at the Terra Nova All-Suite Hotel in St. Andrew on Tuesday (October 24).


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MSME Business Roadshow - Ocho Rios

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 01 Nov 2023    user   
The MSME Business Roadshow will be landing in Ocho Rios! Save your spot at this one of a kind gathering of Micro, Small & Medium Sized Enterprise Entrepreneurs by registering online at roadshow.miic.gov.jm or clicking the link in our bio. SEE FULL FLYER HERE Registration for the Pitch Competition, powered by @dbjamaica is also available at roadshow.miic.gov.jm If you're from St. Ann, St. Mary or even Portland, see you at @sandalsochibeach on Wednesday November 1 from 9AM to 4PM for the MSME Business Roadshow, hosted by the Ministry of Industry, Investment and Commerce in partnership with...


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Harold Davis, deputy CEO of the Jamaica Business Development Corporation.

JBDC targets 2,000 smallbiz for digital upskilling

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 01 Nov 2023    user   
JAMAICA BUSINESS Development Corporation, JBDC, is trying to equip 2,000 small and micro businesses with digital skills so they can earn more income through e-commerce. The agency is trying to get more businesses to sell online on their own websites or via e-commerce platforms, under the wider Digital Jamaica Programme that’s backed by the European Union. “We are targeting 2,000 over three years,” said JBDC Deputy CEO Harold Davis. “It is a need that we have to develop. Whether it’s for increasing trade or managing supply chains, it is a must. And our micro, small and medium enterprises are...


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Intellectual property rights to maximise Jamaica’s creations

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 01 Nov 2023    user   
In 1891, Jamaica hosted its first globally publicised ‘International Exhibition’ to promote local products and attract investments to the island, inspired by the successes of exhibitions such as the London Great Exhibition in Crystal Palace (1851) and the Paris Great Exhibitions (1700-1800s). While the 1891 exhibition is seldom remembered, the London and Paris exhibitions continue to be studied in intellectual property (IP) courses the world over, as it was in this context - that of the Industrial Revolution - that IP protections were first developed and employed to safeguard and promote...


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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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