Plan could add 6 000 jobs
AS MANY AS 6 000 new jobs could be created if the Government adopted a small business/entrepreneurship scheme proposed by the Barbados Employers’ Confederation (BEC).
The idea was introduced to officials of the Ministry of Finance and Economic Affairs in June when the private sector bodies met with them to consider the development of the small business sector among other issues. The BEC subsequently forwarded a comprehensive proposal to the ministry for the attention of its minister, Chris Sinckler.
The BEC plan envisions lending micro businesses and small entrepreneurs up to $5 000 per borrower under a special soft loans/grants/venture capital window of $10 million. They calculate this scheme would potentially create 2 000 new enterprises.
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