Hundreds of new small businesses established despite pandemic Edison Sumner.
Despite the COVID-19 pandemic, hundreds of new small businesses have sprouted over the past several months, proving that “crisis breeds opportunity”, Principal of Sumner Strategic Partners and Vice Chair of the Bahamas Entrepreneurial Venture Fund (BEVF) Edison Sumner said yesterday.
The government has spent $47.3 million providing grants and loans to small businesses since the start of the pandemic.
More than 400 businesses have applied for the Access Accelerator Small Business Development Centre’s second round of grant disbursements alone.
Sumner said Bahamian entrepreneurs have stepped up to the plate to fill the void in a number of sectors, while employing more innovative approaches to how they conduct their businesses.