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Jamaica: Gov’t Rolling Out $100m Grant For Small Tourism Operators

Tourism Minister Edmund Bartlett says the Government is rolling out a $100-million grant programme, among other initiatives, to reposition small operators in the tourism industry.

The minister, who was addressing the Jamaica Hotel and Tourist Association’s (JHTA) 59th annual general meeting on Friday, said the provision is being channelled through the National Export-Import Bank of Jamaica.

He informed that the bank is administering a grant support programme of $1.2 billion to assist tourism-related businesses with capacity building, among other coronavirus (COVID-19) pandemic recovery efforts, as the sector prepares for the upcoming winter tourist season.

Bartlett also advised that small investors in tourism can access loans, ranging from $5 million to $25 million at four per cent interest and payable over seven years, among other provisions, through the Tourism Enhancement Fund (TEF).

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