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‘Budget presentation promising for small business sector’

Published:Friday | April 18, 2014 | 11:20 AM

President of the Jamaica Chamber of Commerce Francis Kennedy says there will have to be more belt tightening.



He notes that growth agenda will not kick in until the fourth quarter of this year or early next year with projects such as the logistics hub and the privatisation of the Kingston Container terminal.



The Young Entrepreneur Association (YEA) says some of the things included in the Finance Minister’s Budget presentation yesterday are very encouraging for the small business sector.



Among them is the fact that the government will be continuing with its policy of lending specifically to micro- small- and medium-enterprises, through the Development Bank of Jamaica, increasing the amount from $2 billion last year to $3 billion for this fiscal year.



Another encouraging announcement is the introduction of special vouchers for entrepreneurs, which will help them with support services to improve their businesses.



WATCH: Phillips announces $6.7 billion tax measures




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