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UWI small business centre launches amid criticism of private sector inaction


UWI small business centre launches amid criticism of private sector inaction
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May 1, 2021
A prominent University of the West Indies professor has declared he is not convinced that the private sector is doing enough to create opportunities for Caribbean people to help preserve social and economic stability, as a new UWI centre was launched to boost small business.
Professor Dr Justin Robinson, Executive Director and Chief Executive Officer of the Sagicor Cave Hill School of Business and Management (SCHSBM) said it was high time that Caribbean businesses start to provide more opportunities as countries continue to battle high debt and low economic growth. ....

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Partnership key to SME boost


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Minister of Small Business and Entrepreneurship Kerrie Symmonds says urgent action must be taken by Barbados and the rest of the Caribbean to “resurrect” commercial activity in the region.
And he has suggested a scientific approach to the process of rebuilding the micro, small and medium enterprise sectors, which had taken a hard hit with the “implosion” of regional economies due to the COVID-19 pandemic.
Noting that micro, small and medium enterprises constituted 85 per cent of economic activity in Barbados, Symmonds said Governments would need to find alternative ways of funding such businesses, other than the traditional financial sources which often reacted negatively to funding requests because of their lack of confidence in the entrepreneur’s ability to manage a business. ....

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