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Governor-General, His Excellency the Most Hon. Sir Patrick Allen, delivers the Throne Speech during the 2023/24 Ceremonial Opening of Parliament at Gordon House on Tuesday (February 14), under the theme ‘A Stronger Jamaica: Consolidating Our Recovery, Reigniting Our Decade of Growth’.

Gov’t Targeting Increased Local and Foreign Investments Over the Next Three Years

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 01 Mar 2023    admin   
The Government will, over the next three years, facilitate local and foreign private investments under the National Investment Policy, with a view to enhancing clarity, certainty, and predictability, and boosting investor confidence. This was announced by Governor-General, His Excellency the Most Hon. Sir Patrick Allen, while delivering the Throne Speech during the 2023/24 Ceremonial Opening of Parliament at Gordon House on Tuesday (February 14), under the theme ‘A Stronger Jamaica: Consolidating Our Recovery, Reigniting Our Decade of Growth’. The Governor-General said the Policy, which was...


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Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill (second right), participates in the ground-breaking exercise for the FirstRock Real Estate Investments (FREI) $2.5- billion luxury residential development, Bonne Chance, located at 8A Brompton Road, Kingston. The ground-breaking ceremony was held on Thursday (February 23). Also taking part in the exercise are (from left) Head of Real Estate Business, FirstRock Capital Resource (FCR) Limited, Denroy Pusey; Director and Co-Founder, FirstRock Real Estate Investment Limited, Dr. Michael Banbury; and Chairman and Co-Founder, FirstRock Capital Resource Limited, Ryan Reid.

Ground Broken For $2.5-Billion Housing Development in Kingston

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 28 Feb 2023    admin   
FirstRock Real Estate Investments (FREI) will soon be bringing its $2.5-billion luxury residential development, Bonne Chance, to market. Located at 8A Brompton Road on the outskirts of New Kingston, the nine-storey, mid-level high-rise complex will feature 43 units, ranging from studios to penthouse suites. The ground-breaking ceremony was held on Thursday (February 23). It will comprise 31 studios – 700 sq. ft.; 10 one-bedroom units of approximately 1,100 and 1,800 sq. ft., and two, two-bedroom penthouses, 1,900 sq. ft. and 3,000 sq. ft. Amenities include underground parking and one surface...


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JMEA and Caribshopper partner to expend market access for MSMEs

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 28 Feb 2023    admin   
Minister of State in the Ministry of Industry, Investment and Commerce, Dr. the Hon. Norman Dunn (centre) observes as Founder & Chief Executive Officer, Caribshopper, Kadion Preston (left) and President of the Jamaica Manufacturers and Exporters Association (JMEA), John Mahfood, shake hands following the signing of a Memorandum of Understanding (MoU) at Outpost Republic, Lady Musgrave Road on February 23. Caribshopper is a full service online marketplace that provides direct access to the United States and Canadian markets for Caribbean producers. This partnership will provide an...


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JIPO to Host Seminar on February 27

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 24 Feb 2023    admin   
In celebration of Reggae Month, the Jamaica Intellectual Property Office (JIPO) will host a seminar titled, ‘Sounds of Success: Intellectual Property and the Music Industry’, on February 27, starting at 1:00 p.m. The seminar will be held in the Vera Moody Concert Hall at the Edna Manley College of the Visual and Performing Arts (EMCVPA) and will take the format of a Masterclass. It will also be streamed via the Zoom platform at https://us02web.zoom.us/j/84634115173?pwd=cE1MVEZ0em5hdG04ekNOMCtkUVEwdz09. Persons interested in attending the seminar may register online at http://online.jipo.gov...


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Jordan Dawson (second left), owner and managing director of Dawson Trading Company, listens to a point being made by Herbert Chong (right), executive chairman of Honey Bun, while minister of state in the Ministry of Industry, Investment and Commerce Dr Norman Dunn (left), and president of the Montego Bay Chamber of Commerce and Industry Oral Heaven, look on. 

Honey Bun Foundation helping SMEs bloom

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 23 Feb 2023    admin   
THE Honey Bun Foundation recently closed out its first cohort of small and medium-sized enterprises (SMEs) in its advisory committee model, with participants reporting exponential growth. The Honey Bun Foundation's Advisory Committee, which provides teams of expert advisers to help SMEs unlock their potential, has reaped impressive results, with one business reporting a 50 per cent increase in revenue, and another growing from being a small to a medium-sized company. The Honey Bun Foundation was founded in 2019 by Michelle Chong, CEO of Honey Bun bakery, to create business models for SMEs,...


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SVANTESSON... I warmly congratulate North Macedonia, Barbados, Jamaica and Uruguay as they successfully fulfilled their commitments and could be removed from the state of play document (Photo: Nordic Co-operation)

Jamaica removed from EU non-cooperative tax list

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 23 Feb 2023    admin   
JAMAICA has been removed from the European Union's (EU) list of non-cooperative jurisdictions for tax purposes following amendments to the Special Economic Zones Act (SEZA). This was confirmed last Tuesday, with Barbados, North Macedonia and Uruguay also being removed from the Annex II state of play document. The amendment to the SEZA ensured Jamaica conformed with international standards of tax transparency which were related to preferential tax regimes as per the EU's October publication. Jamaica was mentioned in February 2021 as being one jurisdiction aiming to cooperate with the EU in...


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President of Jamaica Promotions Corporation (JAMPRO), Shullette Cox, says investors looking to do business in Jamaica will benefit from various opportunities made available through financial support and partnerships with local businesses.

Investors Will Benefit from Partnerships with Local Businesses – JAMPRO

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 21 Feb 2023    admin   
Investors looking to do business in Jamaica will benefit from various opportunities made available through financial support and partnerships with local businesses. President of Jamaica Promotions Corporation (JAMPRO), Shullette Cox, noted that financing is becoming a more frequent occurrence, not just for smaller developments but also for substantial ones. She was participating in a panel discussion at the Global Tourism Resilience Conference 2023, on February 15, at the University of the West Indies Regional Headquarters, Mona. “We are finding in Jamaica that the financial institutions are...


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CLA cautions clients against seeking assistance from persons to complete applications to authority

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 21 Feb 2023    admin   
The Cannabis Licensing Authority (CLA) is urging current and potential clients to be cautious of persons claiming they can assist with application submission and other business processes of the Authority. O’Shane Williams, acting senior director of operation at CLA, said: “The CLA is the only agency mandated by law to process applications and issue licences. Therefore, we are encouraging the public to engage us directly.” The CLA is encouraging prospective applicants and existing clients to utilise the services of client facilitation officers (CFOs) employed by the authority to provide...


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MSMEs Encouraged to Access Productive Inputs Relief Scheme

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 17 Feb 2023    admin   
Micro, small, and medium-sized enterprises (MSMEs) are being encouraged to take advantage of the Government’s Productive Inputs Relief (PIR) scheme, which facilitates duty-free importation of specific items intended for productive use. State Minister in the Ministry of Industry, Investment and Commerce, Dr. the Hon. Norman Dunn, extended the invitation while addressing the Honey Bun Foundation Advisory Committee cocktail reception at The Jamaica Pegasus hotel in New Kingston, on Thursday (February 2). “[The] PIR can give you, especially our exporters and our manufacturers, a key footing to...


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Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, says Jamaica is positioned as an attractive investment destination.

Industry Minister Says Jamaica is Attractive Investment Destination

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 17 Feb 2023    admin   
Jamaica is positioned as an attractive investment destination, says Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill. Addressing the Global Tourism Resilience Conference 2023 on February 15, at the University of the West Indies Regional Headquarters, Mona, Senator Hill informed that the country “grew by 8.2 per cent in the 2021 fiscal year and another 5.7 per cent up to September of last year, making it a very attractive investment destination”. Senator Hill assured investors that if they invest substantial sums of money in Jamaica, they are going to get substantial...


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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: information@miic.gov.jm

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

 


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