Many definitions exist to differentiate between micro, small and medium-sized businesses. However, there is no global agreement on the definitions, due to differences in the economic structures of countries. Most countries utilize the state’s definition of these businesses for extending credit, hence the different classifications amongst countries. The European Union (EU) defines micro, small, and…
Over 25 years ago, during the Christmas Season of 1993, the late Monsignor Richard Albert told the story of ‘Miss Lena,’ a Jamaican senior citizen living in substandard conditions in the inner city, who taught him a valuable lesson about the “Real Meaning of Christmas”. According to Father Albert, as he took his leave of…
By Rosheika Grant JIS News Food entrepreneurs, including restaurateurs, are being encouraged to modify their business model in order to stay afloat as patrons shift their dining habits due to the coronavirus (COVID-19). Senior Food Technologist, Jamaica Business Development Corporation (JBDC), Treanna Lindo, said that reshaping processes is crucial to surviving the impact of the…
By Rosheika Grant JIS News Chief Executive Officer of the Jamaica Business Development Corporation (JBDC), Valerie Veira, says the outbreak of the novel coronavirus (COVID-19) provides an opportunity for micro, small and medium-sized enterprise (MSME) operators to find new ways to expand their services and meet the needs of their consumers/clients. “It is now a…
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