PM Announces US$25-Million Project for MSMEs and Startups

• Over the next five years, a total of US$25 million will be invested in a project designed to finance and aid innovation, entrepreneurship, and growth of micro, small, and medium-sized enterprises (MSMEs) and business startups.
• Making the announcement during his contribution to the Budget Debate on March 19, Prime Minister Holness, said the initiative will be supported by a US$500,000 grant from the Inter-American Development Bank (IDB).
• The objectives are to promote innovation and productivity among established MSMEs with high growth potential; promote sustainable and disruptive growth in scalable startups, and create sustainable startups and a strong support ecosystem for entrepreneurship.

 (Source: JIS)