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Bahamas: SBDC and BDB would fund hemp ventures once government “green lights” industry, say executives

NASSAU, BAHAMAS — For entrepreneurs who may be looking to cultivate industrial hemp, if and when government gives the go ahead, Small Business Development Centre (SBDC) and the Bahamas Development Bank the (BDB) executives said the entities are open to providing funding for such ventures.

During the Abaco Business Outlook, Access Accelerator Small Business Development Centre executive director Davinia Grant said: “Once the government opens up, we’re ready. It’s just another business. It’s not on a do not fund list. We started a process here with some stakeholders in New Providence before COVID came where we were exploring the economic impact. We’re here to support all entrepreneurs as long as it is not on a do not fund list.”

Sumayyah Cargill, head of BDB’s Strategic Development Unit, added: “It’s another type of agricultural product and the BDB would absolutely provide funding.”

Grant, referencing entrepreneurial opportunities on Abaco also noted the significant demand for housing.

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