Jamaica is open for business and its business climate remains ripe for investment were the central messages of Industry, Commerce, Agriculture and Fisheries Minister, Hon. Audley Shaw during a recent luncheon themed “Doing Business with Jamaica” at the Empire Steakhouse in Midtown Manhattan. Minister Shaw was in New York City to reopen the Jamaica Promotions Corporation (JAMPRO) office as the organization implements its marketing strategy to target the Tri-State area for investments and exports.
During the luncheon, Minister Shaw emphasized to potential investors, entrepreneurs and members of the Diaspora in attendance Jamaica’s market stability pointing out:
- the economy grew 1.8% over the past year and growth is accelerating with projections for 2% growth next year, and up to 5% in the next 5 years
- inflation is in single digits, 2.8% last year
- unemployment is the lowest it has been in 8 years at 9.6%
- Jamaica is #5 in the world for starting a business according to the Global Banking and Finance Review.
The Minister also discussed numerous opportunities for investment in agribusiness, business process outsourcing (BPO), logistics, mining, tourism, manufacturing and film.