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Barbados: The development of Micro, Small & Medium Enterprises (MSMEs) in Barbados is on an upward trajectory.

Minister of Small Business, Entrepreneurship and Commerce, Dwight Sutherland, pointed out the above just yesterday, ahead of the signing of a Memorandum of Understanding (MOU) between the Government of Barbados and the General Secretariat of the Organisation of American States (OAS), through the Executive Secretariat for Integral Development, to aid in the establishment of the Caribbean Network of Small Business Development Centres (SBDCs). The signing ceremony, as well as a roundtable discussion, took place at the Hilton Hotel.

Sutherland said the occasion was indeed a historic one as the event underpinned Government’s continued commitment to enfranchise Barbadians and build out a modern MSME sector, through intentional stakeholder engagement, global collaboration, and strategic reach to those in the entrepreneurial ecosystem.

Speaking specifically to the “Caribbean Small Business Development Centre Project”, he noted that it is a partnership programme with the US Permanent Mission to the Organisation of American States (OAS), the OAS and the University of Texas at San Antonio, which assists in the creation of sustainable small business assistance networks in CARICOM member states, based on the proven US SBDC model.

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