UCC BDCI executed a Cooperation Agreement with the JBDC to forge a partnership for advancing the growth and development of the MSMEs. The MSME sector is critical to achieving the Government of Jamaica’s (GoJ’s) strategy to drive the growth of GDP and employment. MSMEs account for the largest segment of the private sector, estimated to be 97%, and account for approximately 43% of total GDP, which puts it in a position to play a major role in the country’s economic growth agenda.
Through the Cooperation Agreement with the Jamaica Business Development Corporation (JBDC), UCC BDCI established a Small Business Development Center (SBDC), a member of the National SBDC Network. The rollout of the National SBDC Network represents the Government’s commitment to adopting and implementing the USA Small Business Development Center (SBDC) proven business development services delivery model. The goal is to strengthen the capacity of Business Support Organizations (BSOs) to deliver business development services to the MSMEs effectively.
UCC SBDC is a unit within UCC BDCI dedicated to helping new entrepreneurs bring innovation to market and assisting firms in the MSME sector achieve their goals and objectives. The Cooperation Agreement provides an opportunity for UCC Business Development and Consulting Institute to position itself as a key player in supporting the growth and development of the MSME sector. By investing time and resources in the delivery of business development services to entrepreneurs, and emerging and mature businesses, UCC SBDC will help propel the launch of new ventures and grow existing businesses.
Ultimately, our partnership with the JBDC will enable us to contribute to unlocking the dynamic energies within the MSME sector and provides the opportunity for UCC BDCI to make its mark in this vital area of changing lives through fostering entrepreneurship and creating economic impacts