SMEs urged to list on Junior Stock Market
The Deputy General Manager of the Jamaica Stock Exchange Robin Levy is encouraging more small and medium sized enterprises (SMEs) to get listed on the Junior Stock Market.
Levy says this is the best avenue for SMEs to raise capital and contribute to the growth and development of the Jamaican economy.
He says the Junior Stock Market is a very efficient and effective means of raising funds to finance small and medium sized businesses, especially with the five-year tax break it provides.
Twenty-three companies are listed on the Junior Stock Market and have managed to raise more than $3.4 billion.
Levy says this is an indication that growth in the economy will be driven by small and medium sized enterprises and the Jamaica Stock Exchange is the best place to help drive this growth.
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