The National Training Agency will be launching an initiative to assist Micro Small and Medium Enterprises (MSMEs). The announcement was made by Dr Wayne Wesley, Executive Director of the Agency, during a recent press conference at HEART Trust’s corporate offices in Kingston.
“We will be providing support to business owners under a new programme which is set to get underway in February of this year. Almost 100 entrepreneurs will be able to access grants of up to $3 million dollars depending on the support category.”
The HEART programme will have three distinct components which will provide assistance for Export-Based Small and Medium Enterprises (SMEs), General MSMEs and Trainee Start-ups.
Small and Medium Enterprises will receive up to $3 million to boost exports through the Export Max initiative being spearheaded by Jamaica Promotions (JAMPRO). Other selected MSMEs will receive a grant of up to $3 million and participate in a 24-month business development programme.
In addition HEART trainees who have conceptualised a business idea and decide to operate their own companies will receive grants of up to $100,000 to purchase tools and equipment. They will also receive business development training for 18 months.