Formalising Operators in the Jamaican Agricultural and Fisheries Sector Project
Jamaica Business Development Corporation (JBDC)
'From Concept to Market'
The International Labour Organisation (ILO) has provided the Government with US$70,000 to implement a project called ‘Formalising Operators in the Jamaican Agriculture and Fisheries Sectors’.
This project will promote the benefits of formalisation and assist target operators to formalise their operations.
One objective of the project is to move farmers and fisherfolk along the micro, small and medium-sizes enterprise (MSME) business continuum from informal to formal, from micro operators to small businesses, and eventually to medium-sized enterprises.
The Formalising Operators in the Jamaican Agriculture and Fisheries Sectors project will focus on:
The project will focus on enterprise formalization and capacity development. The activities to be undertaken include:
a) Enterprise Formalization - business registration with the relevant State authorities and other membership - based business service organizations (BSOs); promoting the benefits of formalization (access to public procurement opportunities, affordable financing, training, building partnerships/collaborations, securing contracts and other public assistance)
b) Capacity Development - preparing the enterprise to engage with players in the formal economy (delivery of appropriate training interventions, structuring the operations for efficiency and effectiveness, identification of potential market opportunities).