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US launches small business development centre in Barbados

BRIDGETOWN, Barbados -- The US Embassy to Barbados, the Eastern Caribbean, and the OECS has announced the launch of the Barbados Small Business Development Centre Network (SBDC). The launch of the SBDC follows US President Barack Obama’s engagement with Caribbean Community (CARICOM) leaders on Thursday in Kingston, Jamaica, where he discussed, among other topics, regional economic competitiveness in the Caribbean.

The US government, through its mission to the Organization of American States (OAS), is supporting the expansion of the SBDC model throughout the Americas as a means to grow and formalize the small business sector, create jobs, increase exports, and promote hemispheric competitiveness.

Barbados is the fourth CARICOM member country to launch the SBDC model, following Belize in 2012, St Lucia in 2014, and Jamaica and Dominica in 2015. Total funding for all the countries is US$998,219.

In Barbados, the US Mission to the OAS partnered with the ministry of industry, international business, commerce and small business development led by Minister Donville Inniss; ministry of youth, family and sports (on behalf of the Young Entrepreneurship Scheme) led by Minister Stephen Lashley; and the Barbados Investment and Development Corporation (BIDC) led by executive director Sonja Trotman. Courtesy: Caribbean News Now

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