Business

St. Kitts – Nevis Develops Small Business Policy

Basseterre, Saint Kitts – Nevis
April 15, 2008 (CUOPM)

Legislation to govern the implementation of a Small Business Policy to encourage the emergence of a lively entrepreneurial spirit and an active small business sector, is being prepared.

According to the Ministry of Industry, Commerce and Consumer Affairs, the Small Business Policy has been developed in partnership with wide stakeholder participation.

Legislation to govern the implementation of the Policy has also been prepared as the Ministry continues to explore other possibilities to expand its assistance to micro and small indigenous businesses.

This assistance is to be provided by The National Entrepreneurial Development Division (NEDD), a division strategically placed within this Ministry to implement Government’s commitment on micro and small business development.

The National Entrepreneurial Development Division (NEDD) is responsible for the fostering of entrepreneurial development by providing technical assistance to potential entrepreneurs. The NEDD will creatively assists clients from the point of an idea, to the development and running a successful micro or small business.

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Doing Business In Nevis Just Got Easier

Charlestown, Nevis
February 28, 2008
The 2006 World Bank’s Report on doing business ranked St.Kitts- Nevis number eighty five out of over one hundred and seventy countries in the world and last among the Organization of Eastern Caribbean States (OECS).

This new administration of only 19 months old, took a giant step Thursday by making it simpler for persons to do business in Nevis.

During Thursday’s sitting of the Nevis Island Assembly at Hamilton House, the Nevis Reformation Party (NRP) led administration acknowledged the problem and provided a solution with the passage of the Nevis Investment Promotion Agency Ordinance, 2008.

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Entrepreneurship A Way To Transform Nevis society

Charlestown, Nevis
February 26, 2008

Minister of Social Transformation, Trade and Industry in the Nevis Island Administration (NIA) the Hon. Hensley Daniel, said entrepreneurship was one critical ingredient that could transform the society and the development of Nevis. 
 
Minister Daniel made the statement on Monday February 25, 2008 during a feature address to signal the start of a week long celebration of Nevis‘ first ever Small Business Week.
 
Mr. Daniel who also holds portfolios for Social and Gender Affairs, made reference to a report on small enterprise development in the region and said that it was critical to the development of women, single mothers, children and young people.  He said support for female business owners, single mothers and poor women who worked to help maintain their families had been found to be one markedly beneficial result of micro credit programme. 
 
These credit programmes he said could benefit and bolster these small enterprises which could yield benefits across a broad range of economies and help them to become more abundant, productive and resilient.

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