Most Read Contributor in Cayman Islands, September 2016
The Ministry of Commerce has awarded a contract for the hosting
of small business workshops to the Chamber of Commerce.
The contract was awarded on 25 August after a tendering process.
The agreement will see the Chamber begin hosting interactive
sessions in October, using the expertise of its membership as
Outsourcing the workshops will allow the Department of Commerce
and Investment (DCI), which previously hosted the workshops, to
better focus on licensing and regulation for commerce activities,
says Commerce Minister Wayne Panton.
'Government is committed to the support of small businesses
and given their dominance in our economy, their success translates
to growth in our economy, expanded job creation and support for our
middle class' he said. 'The continuation of small business
workshops will greatly assist entrepreneurs by providing them with
opportunities to improve their skills in a range of key management
areas to promote strength and growth'.
Minister Panton said that outsourcing the workshops is part of
Government's enhancements for small business, which includes
the recently announced extension of incentives for micro and small
business owners until 31 August 2016.
In addition, small businesses continue to benefit from
additional steps taken by Government to lower the costs of doing
business. These include the reduction in import duty for licensed
traders from 22% down to 20% in 2014, the reduction, by 25 cents
per gallon, in fuel duty for CUC's pass through of fuel cost in
January of this year and the further reduction, by another 25
cents, for an aggregate of 50 cents reduction in fuel duty per
gallon to be in place in January 2016.
The Chamber's CEO Wil Pineau said the 90-minute, free
workshops will take place monthly. Sessions will focus on a number
of areas that affect small businesses, such as regulatory matters,
marketing, social media, banking and finance, business planning,
human resources, debt collection and management.
'The Chamber is pleased to have been awarded the contract to
deliver free workshops that will benefit micro and small businesses
in the Cayman Islands', Mr Pineau said.
'The workshops are intended to improve small businesses by
providing them with useful information and guidance on key topics.
We look forward to working in partnership with the Ministry of
Commerce in the months ahead'.
Chamber of Commerce CEO Wil Pineau
Ministry of Commerce Deputy Chief Officer
Tamara Ebanks signed off on the contract.
Photo credit: Matthew Yates, MFSCE.
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