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

Industry Minister Urges Business Collaboration with Muslim Community

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 25 Nov 2022    admin   
Members of the country’s Muslim business community are being urged to seek collaboration and cooperation opportunities with the Jamaica Chamber of Commerce (JCC). Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, who made the call, said that such partnerships could bring many more Muslim investors to Jamaica. He was speaking recently at an Empowerment Seminar and Business Expo staged by Home Choice Enterprise Limited at The Knutsford Court Hotel in New Kingston. In his address, Senator Hill lauded the host organisation for its “well-placed” support to Muslim and...


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State Minister in the Ministry of Industry, Investment and Commerce, Dr. the Hon. Norman Dunn (right) listens as Factory Manager, Seprod, Fredy Graell explains the process of testing samples of finished products during a tour of Seprod’s Milk and Dairy Production Plant in St. Catherine on November 18.

Dr. Dunn Tours Seprod’s Milk and Dairy Production Plant

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 25 Nov 2022    admin   
Minister of State in the Ministry of Industry, Investment and Commerce, Dr. the Hon. Norman Dunn on Friday (November 18) toured Seprod’s Milk and Dairy Production Plant in St. Catherine, as part of activities to mark World Antimicrobial Resistance Week. World Antimicrobial Resistance Week is being observed from November 18 -24, under the sub-theme ‘Antimicrobial Resistance Environmental Health and Trade: Creating Solutions’. The tour highlighted the role of Seprod in preventing antimicrobial resistant pathogens and pesticide residues through the sourcing of safe milk, access to clean water,...


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Minister of state in the Ministry of Industry, Investment and Commerce Dr Norman Dunn (left) addressing a recent meeting of the Jamaica Observer Press Club. Looking on are Martin Brassell, co-founder and CEO of the British firm Inngot, which is advising the Jamaican Government; and Kelsea Chambers, manager, programmes and public education at Jamaica Intellectual Property Office. (Photo: Garfield Robinson)

BOLD MOVE: Gov't pushing plan allowing MSMEs to use intellectual property as collateral for loans

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 25 Nov 2022    admin   
MINISTER of state in the Ministry of Industry, Investment and Commerce Dr Norman Dunn has declared that the Government has embarked on a game changing move with its decision to allow the use of intellectual property (IP) as collateral. "This undertaking is a bold and audacious endeavour that will potentially transform the business landscape and monetise our vibrant culture," Dunn told a recent meeting of the Jamaica Observer Press Club as he explained the plan to introduce IP-backed financing for micro, small and medium-sized enterprise (MSMEs) in Jamaica. IP-backed financing is designed to...


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Jamaica Intellectual Property Office Project Manager Kayanne Anderson addressing a recent Jamaica Observer Press Club.

JIPO upbeat banks will accept IP as loan insurance

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 25 Nov 2022    admin   
The Jamaica Intellectual Property Office (JIPO) is upbeat about the prospect of commercial banks accepting intellectual property (IP) as collateral to provide financing to micro, small and medium-sized enterprises (MSMEs). At the most recent Jamaica Observer Press Club where the concept of IP-backed financing to access business loans was discussed, JIPO's Project Manager Kayanne Anderson stressed that as the economy continues to evolve, all players, including commercial banks, must find new ways of doing business. "What we have to understand in this economy is that we are actually in a...


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Deputy Chief Executive Officer (JBDC) Harold Davi.

JBDC to measure economic impact of creative, cultural industries

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 25 Nov 2022    admin   
The Jamaica Business Development Corporation (JBDC) will be launching a creative voices survey later this month to obtain empirical data on the cultural and creative industries (CCI). Deputy Chief Executive Officer (JBDC) Harold Davis said that the survey will help to provide an economic impact assessment of the sector. “It’s important to understand that if you cannot count it, it doesn’t exist. If you cannot measure it, you can’t improve it [or] monetise it as well,” said Davis. He noted that the lack of comprehensive and empirical data on the CCI to identify, among other things, who the...


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Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill (third right), participates in a ground-breaking ceremony for FosRich Company Limited’s new multistorey supercentre at 76 Molynes Road in Kingston, on Wednesday (November 16). Also breaking ground are (from left) Assistant Manager, Real Estate Portfolio, Proven Wealth Limited, Alyssia Senior; Grace Kennedy Pension Fund Chairman, Hon. Douglas Orane; FosRich Co-Founder, Marion Foster; CEO and Founder, FosRich, Cecil Foster and Senior Vice President, PROVEN Group Asset Management, Richard Gordon.

FosRich Company Limited Lauded for Business Model

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 18 Nov 2022    admin   
Electrical products distributor and pipe manufacturer FosRich Company Limited has been hailed by Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, for its progressive business model. “FosRich has grown by leaps and bounds with new products, new locations, new partners, and an increase in employment from three employees. I have no hesitation in commending your business model of focused growth and expansion,” the Minister said. He was speaking at a ground-breaking ceremony on November 16 for a major multistorey supercentre at 76 Molynes Road in Kingston, which will...


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Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill (second left), assists Wisynco Group Chief Executive Officer, Andrew Mahfood (second right), with a package of St. Mary Banana Chips, which is distributed by the entity’s Lakes Pen facility in St. Catherine, during a tour of the plant, on Wednesday (November 9). At right is Wisynco’s Director of Manufacturing, Devon Reynolds.

Industry Minister Encourages JMEA Members to Export More

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 18 Nov 2022    admin   
Jamaica Manufacturers and Exporters Association (JMEA) members are being encouraged by Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, to capitalise on the country’s export opportunities, Speaking during a tour of the Wisynco Group’s state-of-the-art manufacturing plant in St. Catherine on Wednesday (November 9), Senator Hill said there is a US$4.5 billion gap in Jamaica’s trade with other countries. “In other words, we import US$5.975 billion, and we export US$1.41 billion. I know you’re exporting. But I want to see you [Wisynco] and your fellow businesses in the...


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Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, addresses the Global Entrepreneurship Network (GEN) Jamaica launch of Global Entrepreneurship Week (GEW) 2022, on November 15, at the University of the West Indies (UWI), Mona campus.

Agribusiness Operators Encouraged to Retrofit Operations

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 18 Nov 2022    admin   
Agribusiness operators are being encouraged to utilise the EXIM Bank’s ‘Energy Loan’ product to retrofit their operations to accommodate energy efficiency fixtures, energy conservation and alternative energy projects. Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, made the call during his address at the launch of the Global Entrepreneurship Network (GEN) Jamaica Global Entrepreneurship Week (GEW) 2022 on November 15, at the University of the West Indies (UWI), Mona campus. He said the facility will assist in supporting greater diversity in the country’s energy...


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<h2>Acting Deputy Director at the HEART/NSTA Trust, Dr. Marcia Rowe-Amonde, speaks at the Global Services Sector Apprenticeship Programme Graduation Ceremony for Batch Two trainees, held at the Jamaica Promotions Corporation in Kingston, on November 3.</h2>

Massive Increase in Employment in Global Services Sector

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 09 Nov 2022    admin   
The Global Services Sector (GSS) is boasting a 270 per cent increase in the number of jobs created over a five-year period, moving from 17,000 in 2016 to more than 46,000 jobs that were created in 2021. This was disclosed by Acting Deputy Director at the HEART/NSTA Trust, Dr. Marcia Rowe-Amonde, at the GSS Apprenticeship Programme Graduation Ceremony for Batch Two trainees, on November 3, at the Jamaica Promotions Corporation ( JAMPRO ), in Kingston. Dr. Rowe-Amonde pointed out that the growth was due to an increase in the number of firms in the sector, making it the fastest growing...


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Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, delivering the keynote address during the Global Services Sector Apprenticeship Programme Graduation Ceremony, for cohort two, at The Jamaica Pegasus hotel in New Kingston, on Thursday (November 3).

119 Additional Trainees Graduate from GSS Apprenticeship Programme

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 09 Nov 2022    admin   
A total of 119 trainees, comprising batch two of the Global Services Sector (GSS) Apprenticeship Programme, have completed a 12-month certification course aimed at developing their supervisory management skills. The trainees were acknowledged during a graduation ceremony at the Jamaica Promotions Corporation ( JAMPRO ) auditorium in Kingston on Thursday (November 3). An initial 114 trainees graduated on September 14. Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, who was the keynote speaker, underscored the importance of skills development within the GSS. “We are...


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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