From St Lucia to Jamaica, OAS Launches Caribbean Small Business Project

By: Caribbean Journal Staff - February 24, 2012

Above: officials on hand in Washington at the announcement of the project (Photo: Patricia Leiva)

By the Caribbean Journal staff

Five CARICOM member states, including Barbados, Belize, Jamaica, Dominica and St Lucia will be the sites of a joint OAS-United States project to establish Small Business Development Centres in the region.

The initiative’s objective is to help improve the competitiveness of small and medium-sized enterprises in the Caribbean, particularly those headed by women.

Caribbean and Latin American companies have “long recognized the importance of micro, small and medium-sized enterprises as major contributors to employment and growth within their communities, nations and the region as a whole,” said OAS Secretary General Jose Miguel Insulza.

According to the Secretary General, the small business sector accounts for 70 percent of the jobs and more than 50 percent of GDP in the region.

“SMEs are the engines of growth in the Americas continent,” said Carmen Lomellin, the United States’ Permanent Representative to the OAS.

Lomellin said the US government supported enhancing the competitiveness of SMEs in the region, from the exchange of experiences and best practices to cooperation.

The programme, which will be implemented by the OAS Executive Secretary of Integral Development, seeks to facilitate SME access to international markets in the Caribbean, and to give advice and training to guide companies in their growth.

It has already been implemented in countries across the Americas, including Mexico, El Salvador, the Dominican Republic and Costa Rica.

Popular Posts all-inclusive montego bay resort by marriott

Marriott Just Opened Its New All-Inclusive Resort in Montego Bay 

Marriott has continued its rapid expansion into the Caribbean all-inclusive space with the debut of its newest adults-only resort in Montego Bay: the new Hideaway at Royalton Blue Waters, An Autograph Collection All-Inclusive Resort.  The 352-room resort is part of […]

Yes, You Can Stay at an All-Inclusive Resort in St Thomas, USVI

the beach at the bolongo bay resort

The Bolongo Bay Beach Resort on St. Thomas may be the most popular all-inclusive resort you’ve never heard of. It’s not that the resort itself isn’t well-known: this family-run and managed, beach resort has been in business since 1974. But […]

A New Way to Fly Nonstop to the Turks and Caicos Islands

beach at the palms in providenciales

While Silver Airways has been steadily expanding its network in the Caribbean out of San Juan, Puerto Rico, it’s easy to forget that the carrier is actually based in South Florida.  For years, Silver has been operating a host of […]

Related Posts ocho rios sunset caribbean photo jamaica

Caribbean Photo of the Week: Sunset in Ocho Rios, Jamaica

The latest Caribbean Photo comes from Caribbean Journal reader Charlotte Nenninger, who sent in this lovely shot of sunset at the Sandals Ochi resort in Ocho Rios, Jamaica. Have you taken a great photo in the Caribbean? Send it to […]

The Caribbean’s Greatest Food Hall Is in Barbados 

worthing square

Bake ’n shark, sailfish, roti, jerk, doubles, fresh pasta, tres leches.  It’s a symphony of flavors, tastes and cuisines, all set a short stroll from the beach.  This is the Worthing Square Food Garden in Barbados, and it’s the Caribbean’s […]

Silver Airways Just Launched New Dominica Flights 

dominica secret bay

Getting to Dominica has never been easier.  Regional carrier Silver Airways just launched a major expansion to the Nature Island. The company is now operating six weekly flights between San Juan and Dominica, with service on Mondays, Tuesdays, Wednesdays, Thursdays, […]


Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.

No. Thank You