Towards Inclusive Growth and Sustainable Development

2. Towards Inclusive Growth and Sustainable Development

3. COUNTRY CONTEXT- Negative issues • Global economic downturn of 2008-2009 impact on Jamaica Economy • Jamaica’s economy faced deep challenges over the period 2009-2012 • Fourteen consecutive quarters of negative growth from 2007-2010 • The period also saw increases in : • Public debt • Unemployment and • Poverty • Source :Vision 2030 Jamaica – NDP

4. COUNTRY CONTEXT- Positive issues • Improvement in a number of its macroeconomic indicators • Declines in the fiscal balance and annual inflation rate • Industries recoding net growth over 2008-2011 • Agriculture • Forestry • Fishing and Hotels & Restaurants • Source :Vision 2030 Jamaica – NDP

5. Inclusive Growth and Sustainable Development • The four Medium Term Themes to be addressed under MTF 2012 – 2015 are: • Development and Protection of Human Capital • National Security and Justice • Economic Stability, Competitiveness and Employment • Environmental Resilience and Climate Change Response • Source :Vision 2030 Jamaica – NDP

6. Inclusive Growth and Sustainable Development • The four Medium Term Themes are directly aligned to eight (8) National Outcomes, which in turn are structured under each of the four National Goals of Vision 2030 Jamaica prioritized national outcomes are: • A Healthy and Stable Population • World Class Education and Training • Effective Social Protection • Security and Safety • Effective Governance • A Stable Macroeconomy • An Enabling Business Environment • Hazard Risk Reduction and Adaptation to Climate Change • Source :Vision 2030 Jamaica – NDP

7. JBDC Guidelines Building a Dynamic and Sustainable Micro & SME Sector for a more Meaningful and Visible Contribution for a Sustainable Industrial and Economic Development for the 2012 and Beyond with Special Emphasis for the Youth &Women

8. JBDC Sustainable Development(Generic Model) Community Groups Networks/Clusters

9. JBDC Approach Sustainable Development National Security and Justice Productivity and Based on Innovation • Driven by New Technology • Information Technology • CAD/CAM ,CIM • IInternet FOR: • The 2012 and Beyond

10. JBDC Framework Facilitating the Modernization of the Business Environment Developing Restructuring Facilitating the Strengthening & Development Of New innovative Business Facilitating the Strengthening of Existing Traditional Business and Upgrading Programme Facilitating the dissemination Of Information

11. JBDC Strategy INPUTS • Technical Solutions • Marketing Solutions • Businesses Solutions • Financial Solutions Delivering Demand Driven Services for: HR JBDC Strategy + OUTPUTS = Capital + Improving Operational Efficiency for: • Quality Services • On Time Services • Affordable Services • Promoting Services • Personnel Empowerment • Knowledge Transfer Knowledge 11

12. JBDC Clients

13. Targeted Industry Clusters

14. Sustainable Development Approach for MSMEs • Strengthen the Sustainability of • Integrated Services for the MSMEs • Technical Support Services • Business Support Services • Financial Support Services • Marketing Support Services Starting Points Assist the Sustainability of Entrepreneurs Which Will Lead to Sustainable & competitive Inter-Relationships (e.g. Networks, Clusters, Groups and Entrepreneurs) Which Will Lead to Sustainable & Competitive Productive Sector (Eco Friendly) Able to Serve in a Sustainable Way Demanding Markets (Local, Regional and International) This Will Lead to Economic growth (IncreaseEmployment, Reduce Poverty) and thus Reduce Social Unrest This Will Lead to The Road of Sustainable Development for MSMEs Business

15. JBDC’s Integrated Approach From Concept to Market Business Advisory Solutions Financial Solutions Technical Services Solutions Marketing Solutions 15

16. JBDC’s performance 2002-2012

17. Impact Indicators (Qualitative) • Acknowledgment of JBDC as lead agency for MSME development by local and international agencies (e.g. USAID, EU, IADB, Universities, etc.) • Client confidence and trust acknowledge impartial quality service community  Investor • Trust – Financial Institutions – contracted to train clients and staff (e.g. JN, Credit Unions, etc.) • Papers & Programs Produced

18. Impact Indicators (Quantitative) • Start up Businesses • Formalized Businesses • Upgraded Businesses • Intellectual Property Registration • Rebirth and Strengthening of Industry Clusters • Clients Trained • Technical Services provided • Employment generation/retention • Client Income growth • Research Papers & Development Programs Produced

19. Client Distribution by Sector

20. IRC • Incubator Resource Center

21. Designers & Industry Specialists BiZ Services Engineers IT services Incubator Resource Centre (Fashion, Craft, Agro processing, Furniture) Product & Design Development Hands-on Training & Support services 21 4/10/2014

22. Furniture Design Incubation Unit

23. Fashion Design Incubation Unit

24. Natural Fiber Incubation Unit Paper products Straw products • clocks • hats • boxes • place mats • bags • bags • picture frames • belts • stationery sets

25. Computer Aided Design Incubation Unit

26. JBDC facilitating Market Access

27. Things Jamaican Supplier Earnings (2001 - 2011) 27

28. Things Jamaican Performance

29. 2010 2003 $1,158,519 511% Taste of The Caribbean $189,751 Frazer’s Ceramics $241,608 $1,409,323 483% Things Jamaican - Client Growth

30. JBDC facilitating Market Access • Kumba Mi Yabba – JBDC’s Annual retail market place • Approx100 exhibitors annually • Approx2000 patrons annually • Caribbean Gift & Craft show • Market access into Caribbean • 70 companies over period • Thingsjamaicanshopping.com • Facilitating Export trade for Gift and Craft clients Source : TJ

31. JBDC Small Business Expo 2011

32. Financial Products for Productive MSMEs • Acknowledging the Gap • The right formula “Financial plus non-Financial” Financial Solutions

33. FSU Performanc Productive Sctor Loans • Total Loans disbursed - $186,662,500.27 • Number of Loans: 127 • 20% of loans are start-up businesses • Average loan size: $1.4M • Generated/Retained employment: Approx. 621

34. Impact Indicators 2010-11 • Start up Businesses 2048 • Formalized 380 • New Product Collections 30 • Upgraded Businesses 958

35. Key Targets for 2012 • Things Jamaican in UK 2012 • Kumba Mi Yabba (Kgn/Mobay Dec 2011) • “Design Caribbean” 2011 • Client Income Generated through Market access facilitation (including Things Jamaican) – approx. $95M • F & WP Industry programme • F & WP Industry survey • Additional 300M negotiated for specialized funding to the sector • Generating/retaining employment – approx.1500 • # New Businesses facilitated/formalized – 2400 • Business upgraded –1500 (employment generated and retained)

36. Red Flag • Budget Gap – (survival $40M) • Impact Monitoring Framework • Factories Corporation • Agreement • Space for MSMEs • 12 Camp Road premises – Finalize Acquisition • JAMCORP UK – No budget allocated

37. Global Trends • New Economic Opportunities for all Productive Entities especially the MSME's • From Low Value Single Products to High Value Groups of Products • The emergence of Globalization through the Technological Advances

38. Dried Flowers US Market 4.5 US$ billions (Source US Gov.) Raw Materials Available locally Music US Market 1.2 US$ billions (Source US Gov.) Raw Materials Available locally Beeswax Products US Market 2.3 US$ billions (Source US Gov.) Raw Materials Available locally New Opportunities for JA SMEs New slides

39. Beeswax (soaps) Honey Comb • Candles • Natural repellants • Ceremonial candles • Accessories • candle holders • clay • bamboo • metal • books Gourmet Honeys & Honey Wines Candy Buzzing Business-2.3 US$ billions Market

40. JBD Corporation Our growth path Info Portal • Technical Services • Incubator • Resource Centre • Training Business Services JAMBICS Financial Services FSU Marketing Services TJ GOJ 500 Suppliers 2,000 6,000 85 Million A.Vouranis