Government signs agreement to assist small businesses

Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.
Cayman Compass is the Cayman Islands' most-trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

The Ministry of Commerce has outsourced the delivery of certain small-business support services to the Cayman Islands Small Business Association.

According to a press release issued by the ministry Tuesday, Minister Wayne Panton and CISBA President Dawn McLean-Sawney on Feb. 15 signed a memorandum of understanding “that will result in CISBA offering workshops, mentoring, and consulting to small business owners.”

“This is another important step forward for Government’s local business initiatives,” Minister Panton said in the release.

“Together we can give the support that business owners need, which will translate into greater success, more growth and job creation in the economy.”

The agreement to support the small-business sector will conclude in December this year, officials said.

In addition to funding services, the contract will cover the hiring of a part-time program coordinator and networking events, Mrs. McLean-Sawney said.

She said the agreement will “allow CISBA to offer initiatives that will help Cayman’s entrepreneurs to establish or strengthen their businesses.”

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