Development Bank of Jamaica Sets Aside $20 Million for Tech Projects


Above: Kingston (CJ Photo)

By the Caribbean Journal staff

The Development Bank of Jamaica has put aside $20 million USD for potential on-lending to investors to support the construction of information and communications technology facilities, Prime Minister Portia Simpson Miller announced this week.

The move could create between 7,000 and 10,000 jobs in the country, Simpson Miller said.

The Factories Corporation of Jamaica will be building 300,000 square feet of space for ICT and logistics-related activities through 2016, Simpson Miller said.

Jamaica’s government has been highlighting the promise of ICT jobs since taking over in December 2011, led by Minister Phillip Paulwell and State Minister Julian Robinson.