Launch of Barbados Small Business Development Centre Network
The U.S. Embassy to Barbados, the Eastern Caribbean, and the OECS is pleased to announce the launch of the Barbados Small Business Development Centre Network (SBDC). The launch of the SBDC follows President Barack Obama’s engagement with CARICOM leaders in Kingston, Jamaica, where he discussed, among other topics, regional economic competitiveness in the Caribbean.
The U.S. Government, through its mission to the Organization of American States (OAS), is supporting the expansion of the SBDC model throughout the Americas as a means to grow and formalize the small business sector, create jobs, increase exports, and promote hemispheric competitiveness. Barbados is the fourth Caribbean Community (CARICOM) member country to launch the SBDC model following Belize in 2012, St. Lucia in 2014, and Jamaica and Dominica in 2015. Total funding for all the countries is USD $998, 219.
In Barbados, the U.S. Mission to the OAS partnered with the Ministry of Industry, International Business, Commerce and Small Business Development led by Minister Donville Inniss; Ministry of Youth, Family and Sports (on behalf of the Young Entrepreneurship Scheme) led by Minister Stephen Lashley; and the Barbados Investment and Development Corporation (BIDC) led by Executive Director Sonja Trotman.