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JAMPRO Facilitates US$350 Million Free Zone Investment

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 15 Oct 2015    admin   
Jamaica Promotions Corporation (JAMPRO) has facilitated investment totalling over US$350 million for a free zone to be opened in Spanish Town, St. Catherine, with provision of some 2,500 jobs. The companies operating in the zone will also provide 300 engineering scholarships to Jamaican students. Speaking at a press briefing on October 27, to announce the Spanish Town Free Zone, President of JAMPRO, Diane Edwards, said the facility is being set up under the Jamaica Logistics Hub Initiative, to leverage Jamaica’s connectivity to manufacture products for regional markets. She told her audience...


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The Logistics Hub: a platform for the efficient flow of business activity

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 02 Oct 2015    admin   
A country’s ability to build and maintain its global competitive advantages -- a country’s competitiveness -- is perhaps the single most important hurdle that we have to address to implement a successful economic growth strategy. As such, the principal approach of Government will be to facilitate and unlock domestic and overseas investments from the private sector through combined strategies that seek to improve competitiveness. This assumes a major policy focus of the Ministry of Industry, Investment and Commerce in the quest to achieve sustained economic growth and improved living standards...


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Work Towards Developing a Cannabis Regulatory Framework Underway

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 22 Sep 2015    admin   
Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, today announced that the recommendations to guide the development of the regulations for the Cannabis industry will be completed in September. He further stated that the work being done to develop the industry is being guided by the Cannabis Licensing Authority, and the Cannabis Advisory Business Council. The update comes four months after the Amendments to the Dangerous Drugs Act came into effect on April 15, 2015. The Cannabis Licensing Authority, which was established under the Act is charged with developing the regulatory...


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MSME Support Agencies Merged under a Single Board

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 22 Sep 2015    admin   
The Ministry of Industry, Investment and Commerce has merged the Jamaica Business Development Corporation , The Micro Investment Development Agency and the Self Start Fund under a single board. The new board headed by Mr. Brian Pengelley, former President of the Jamaica Manufacturers Association, will oversee operations of all three entities engaged in micro, small and medium sized enterprise (MSME) capacity building and lending. The merger is part of a general move to repurpose and reposition the agencies to provide capacity building services for the MSME sector, and to focus on the business...


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RUBIS LAUDED FOR IMPACT ON BUSINESS LANDSCAPE

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 22 Sep 2015    admin   
Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, has lauded RUBiS Energy Jamaica Limited for its transformational impact on the Jamaican business landscape and its commitment to the growth and development of the micro, small and medium enterprise (MSME) sector. “The company has transitioned the operation of many of its service stations to local entrepreneurs, whilst forging strategic partnerships with local companies,” Minister Hylton said, at the company’s first anniversary celebration at the Mona Visitors’ Lodge on Thursday, June 1, 2015. RUBiS is an international company...


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Global Competitiveness Team congratulates Jamaica on rapid improvement

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 30 Sep 2014    admin   
Head of the Global Competitiveness Team, Dr. Margareta Drzeniek Hanouz and Director of the Global Competitiveness and Benchmarking Network, Ms. Ciara Browne congratulated Minister Hylton on Jamaica’s move in this year’s Global performance Index during a meeting with the Global Competitiveness team in Geneva. “Jamaica has demonstrated considerable strength in certain key areas measured such as financial market development, protection for property rights and Information and Communications Technology” stated the team during a presentation to Minister Hylton. The congratulatory statement comes...


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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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The Ministry of Industry, Investment and Commerce - https://www.miic.gov.jm