St. Kitts – Nevis Opens 157 New Businesses In 1st Half Of 2008

St. Kitts - Nevis Flag

St. Kitts – Nevis’ Economy Rolling Along
Photo By Erasmus Williams

 Basseterre, St. Kitts – Nevis
October 08, 2008 (CUOPM)

Just over 800 persons found work in St. Kitts and Nevis for the first time and close to 160 new businesses opened their doors between January and June this year, the St. Kitts and Nevis Social Security Board is reporting.

“Both islands are to be congratulated because both experienced the creation of jobs. There were 218 in Nevis and 462 in St. Kitts. This is in addition to the 149 self employed persons who have created work for themselves and others,” said Social Security’s Assistant Director, Research, Statistics and Public Relations, Mr. Elvin Bailey.

Mr. Bailey also reported that 157 businesses opened their doors and another 28 re-started during the first six months of this year.

He said growth was experienced in both St. Kitts and Nevis. “There were 59 new businesses in Nevis, 45 new self employed persons and 15 re-start businesses. Comparable data for St. Kitts shows there were 98 new businesses, 104 new self employed persons and 13 re-start businesses.

Read More