Jamaican micro entrepreneurs to benefit from $10m grant

Beneficiaries of the St James Municipal Corporation’s Local Economic Development (LED) Programme

KINGSTON, Jamaica – The St James Municipal Corporation has doubled its support to small entrepreneurs in the parish under the Local Economic Development (LED) Programme.

Chief executive officer (CEO) at the Corporation, Gerald Lee, said that $10 million is being spent this fiscal year to assist some 400 persons in push-starting business operations.

Lee was speaking to JIS News at the 2019 LED programme launch and training session for grantees at the Montego Bay Cultural Centre last Thursday.

He noted that the LED programme, which is an initiative under local government reform, seeks to engage persons in economic activity that can allow them to improve their livelihood and take care of their families, and ultimately empower communities.

Lee told JIS News that persons would be provided with grants of up to $50,000 each to develop a small business and they will be monitored to ensure that the ventures are sustained.

“We have a local economic development officer, who monitors the programme and ensures that it is workable and that the persons who are making applications for these grants really qualify. If they are going to go into chicken rearing, we ensure that they provide the infrastructure and then we provide them with the working capital to start the business,” he said.

During the session, the beneficiaries were educated on how to plan for business success, budgeting, profitability and the benefits of developing business partnerships.

The LED programme, being implemented by the local government and community development ministry, aims to establish economic activities/enterprises in communities across Jamaica; support small and micro enterprises enabling them to attain financial viability and/or expand their businesses; and positively impact the gross domestic product (GDP).

Under the programme, local authorities are expected, in collaboration with local stakeholders and relevant national external partners, to formulate and execute appropriate strategies and programmes that can impact job creation and poverty reduction.