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

JBDC opens agro-processing incubator

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 15 Nov 2023    admin   
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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Principal director, Micro, Small and Medium-sized Enterprise Division in the Ministry of Industry, Investment & Commerce, Oral Shaw,

MSMEs urged to tap into government aid

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 15 Nov 2023    admin   
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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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    admin   
<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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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    admin   
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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Industry, Investment, and Commerce Minister, Senator the Hon. Aubyn Hill, addresses the three-day CanEx Jamaica Business Conference at the Montego Bay Convention Centre in Rose Hall, St. James, on Friday (October 20).

CLA Issues 160 Licences

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 01 Nov 2023    admin   
The Cannabis Licensing Authority (CLA) issued a total of 160 multiple category licences as at September 2023. This was disclosed by Industry, Investment, and Commerce Minister, Senator the Hon. Aubyn Hill, while speaking during the three-day CanEx Jamaica Business Conference at the Montego Bay Convention Centre in Rose Hall, St. James, on Friday (October 20). He said this signifies continued expansion and development of Jamaica’s growing cannabis industry. “The number of cultivators licences granted by the category includes 35 tier-1 cultivator’s licences, 23 tier-2 cultivator’s licences, and...


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Cannabis sector eager to expand tourism market

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 01 Nov 2023    admin   
CanEx founder Douglas Gordon has welcomed a suggestion that players in the cannabis sector should view the millions of visitors that travel to Jamaica each year as potential buyers of medical marijuana. In fact Gordon, whose annual business conference brings local and international cannabis stakeholders together, says selling to tourists should be among the areas of focus. "Jamaica facilitating sales of cannabis to tourists and locals through legal and official channels should be a key priority of the industry. In order to expand the market beyond the existing users, consumers have to get a...


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BSJ reviewing canned ackee standards

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 01 Nov 2023    admin   
PURRED by overwhelming demand for Jamaican canned ackee from international markets, and due to concerns over the "threat to the health and safety of consumers" given the engagement of pre-processors who clean and deseed the fruit before it gets to factories, Bureau of Standards Jamaica (BSJ) has moved to revise the current standard to buttress the safety of the delicacy for consumption. The updated standard, which is now in draft form, is expected to come into force on January 1 next year. According to the bureau, the thrust for the accelerated revision of the standard is "because of the...


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Intellectual property rights to maximise Jamaica’s creations

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 01 Nov 2023    admin   
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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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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