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Jamaica: COVID Shutters A Third Of Small Businesses – Call Renewed For Grants, Loans To Keep Enterprises Afloat

With a membership of more than 300, the Small Business Association of Jamaica (SBAJ) says a recent survey it conducted has revealed that 35 per cent of its business operators have closed their doors owing to the crippling effects of the COVID-19 pandemic.

The SBAJ survey has also revealed that around 60 per cent of the persons employed to these small businesses have lost their jobs.

President of the SBAJ Michael Leckie says small businesses are suffering at this time and that without targeted assistance from the Government, many more businesses will face closure.

“What we need now is for us to have a stimulus, and we need grant funding and zero per cent interest rate to really boost the sector because working capital has been eroded, and our savings have been eroded,” Leckie revealed in a Gleaner interview.

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