Prepared by A. Vouranis 1

2 MEDIUM TERM SOCIO-ECONOMIC POLICY FRAMEWORK Towards Inclusive Growth and Sustainable Development

Prepared by A. Vouranis 3 COUNTRY CONTEXT- N egative issues Global economic downturn of impact on Jamaica Economy Jamaica’s economy faced deep challenges over the period Fourteen consecutive quarters of negative growth from The period also saw increases in : Public debt Unemployment and Poverty Source :Vision 2030 Jamaica – NDP

Prepared by A. Vouranis 4 COUNTRY CONTEXT- P ositive issues Improvement in a number of its macroeconomic indicators Declines in the fiscal balance and annual inflation rate Industries recoding net growth over Agriculture Forestry Fishing and Hotels & Restaurants Source :Vision 2030 Jamaica – NDP

Prepared by A. Vouranis 5 The four Medium Term Themes to be addressed under MTF 2012 – 2015 are:  Development and Protection of Human Capital  National Security and Justice  Economic Stability, Competitiveness and Employment  Environmental Resilience and Climate Change Response Source :Vision 2030 Jamaica – NDP Inclusive Growth and Sustainable Development

Prepared by A. Vouranis 6 The four Medium Term Themes are directly aligned to eight (8) National Outcomes, which in turn are structured under each of the four National Goals of Vision 2030 Jamaica prioritized national outcomes are: 1.A Healthy and Stable Population 2.World Class Education and Training 3.Effective Social Protection 4.Security and Safety 5.Effective Governance 6.A Stable Macroeconomy 7.An Enabling Business Environment 8.Hazard Risk Reduction and Adaptation to Climate Change Source :Vision 2030 Jamaica – NDP Inclusive Growth and Sustainable Development

Prepared by A. Vouranis 7 B uilding a Dynamic and Sustainable Micro & SME Sector for a more M eaningful and Visible Contribution for a S ustainable I ndustrial and Economic D evelopment for the and Beyond with Special Emphasis for the Y outh & W omen JBDC Guidelines

Prepared by A. Vouranis 8 JBDC Sustainable Development (Generic Model) Networks/Clusters Community Groups

Prepared by A. Vouranis 9 Sustainable Development Productivity Innovation Based on and Driven by New Technology  Information Technology  CAD/CAM,CIM  IInternet FOR: The 2012 and Beyond JBDC Approach National Security and Justice

Prepared by A. Vouranis 10 Facilitating the Modernization of the Business Environment Facilitating the Strengthening of Existing Traditional Business Facilitating the dissemination Of Information Facilitating the Strengthening & Development Of New innovative Business Developing Restructuring and Upgrading Programme JBDC Framework

Prepared by A. Vouranis Technical Solutions Marketing Solutions Businesses Solutions Financial Solutions JBDC Strategy Quality Services On Time Services Affordable Services Promoting Services Personnel Empowerment Knowledge Transfer HR Capital + + Knowledge = INPUTS OUTPUTS JBDC Strategy Improving Operational Efficiency for: Delivering Demand Driven Services for: 11

Prepared by A. Vouranis 12 Groups & Categories of MSMEs Groups of MSMEsCategories of MSMEs 1.Trade 1.Enterprises operated for survival (Poverty) 1a. Start – Ups for ( Survival / Employment) 1b. Skill based enterprises (Family Business) 1c. Knowledge based enterprises (Graduates) 2. Non-Trade 2. Enterprises operated for survival (Poverty) 2a. Start – Ups 2b. Skill based enterprises 2c. Knowledge based enterprises Industries / Sectors/ Clusters Fashion, Craft, Food, Furniture 3. Supportive services 3a. Start – Ups 3b. Skill based enterprises 3c. Knowledge based enterprises A.Vouranis CTA 2012 JBDC Clients

Prepared by A. Vouranis Targeted Industry Clusters

Prepared by A. Vouranis Assist the Sustainability of Entrepreneurs Sustainable & competitive Inter-Relationships (e.g. Networks, Clusters, Groups and Entrepreneurs) Which Will Lead to Sustainable & Competitive Productive Sector (Eco Friendly) Economic growth (Increase Employment, Reduce Poverty) and thus Reduce Social Unrest Demanding Markets (Local, Regional and International) Sustainable Development Approach for MSMEs 14 Strengthen the Sustainability of Integrated Services for the MSMEs 1.Technical Support Services 2.Business Support Services 3.Financial Support Services 4.Marketing Support Services Starting Points The Road of Sustainable Development for MSMEs Business This Will Lead to Which Will Lead to This Will Lead to Able to Serve in a Sustainable Way

Prepared by A. Vouranis JBDC’s Integrated Approach From Concept to Market JBDC’s Integrated Approach From Concept to Market Technical Services Solutions 15 Financial Solutions Business Advisory Solutions Marketing Solutions

Prepared by A. Vouranis JBDC’s performance YearBusiness AdviceTrainingMarketingTechnicalTotal Assistance 2002/ / Total /

Prepared by A. Vouranis A.Acknowledgment of JBDC as lead agency for MSME development by local and international agencies (e.g. USAID, EU, IADB, Universities, etc.) B.Client confidence and trust acknowledge impartial quality service community  Investor C.Trust – Financial Institutions – contracted to train clients and staff (e.g. JN, Credit Unions, etc.) D.Papers & Programs Produced Impact Indicators (Qualitative) Impact Indicators (Qualitative)

Prepared by A. Vouranis A.Start up Businesses B.Formalized Businesses C.Upgraded Businesses D.Intellectual Property Registration E.Rebirth and Strengthening of Industry Clusters F.Clients Trained G.Technical Services provided H.Employment generation/retention I.Client Income growth J.Research Papers & Development Programs Produced Impact Indicators (Quantitative) Impact Indicators (Quantitative)

Prepared by A. Vouranis Client Distribution by Sector

Prepared by A. Vouranis Incubator Resource Center IRC

Prepared by A. Vouranis 23/5/ BiZ Services Incubator Resource Centre (Fashion, Craft, Agro processing, Furniture) Incubator Resource Centre (Fashion, Craft, Agro processing, Furniture) Engineers Product & Design Development Designers & Industry Specialists IT services Hands-on Training & Support services

Prepared by A. Vouranis 22 Furniture Design Incubation Unit

Prepared by A. Vouranis 23 Fashion Design Incubation Unit

Prepared by A. Vouranis Straw products hats place mats bags belts Paper products clocks boxes bags picture frames stationery sets Natural Fiber Incubation Unit

Prepared by A. Vouranis 25 Computer Aided Design Incubation Unit

Prepared by A. Vouranis JBDC facilitating Market Access

Prepared by A. Vouranis 27 Things Jamaican Supplier Earnings ( )

Prepared by A. Vouranis Things Jamaican Performance

Prepared by A. Vouranis Taste of The Caribbean $189,751 $1,158, % Frazer’s Ceramics $241,608 $1,409, % Things Jamaican - Client Growth

Prepared by A. Vouranis JBDC facilitating Market Access Kumba Mi Yabba – JBDC’s Annual retail market place Approx 100 exhibitors annually Approx 2000 patrons annually Caribbean Gift & Craft show Market access into Caribbean 70 companies over period Thingsjamaicanshopping.com Facilitating Export trade for Gift and Craft clients Source : TJ

Prepared by A. Vouranis JBDC Small Business Expo 2011

Prepared by A. Vouranis Acknowledging the Gap The right formula “Financial plus non- Financial” Financial Products for Productive MSMEs Financial Solutions

Prepared by A. Vouranis FSU Performanc Productive Sctor Loans FSU Performanc Productive Sctor Loans Total Loans disbursed - $186,662, Number of Loans: % of loans are start-up businesses Average loan size: $1.4M Generated/Retained employment: Approx. 621

Prepared by A. Vouranis 1.Start up Businesses Formalized New Product Collections 30 4.Upgraded Businesses 958 Impact Indicators

Prepared by A. Vouranis Things Jamaican in UK 2012 Kumba Mi Yabba (Kgn/Mobay Dec 2011) “Design Caribbean” 2011 Client Income Generated through Market access facilitation (including Things Jamaican) – approx. $95M F & WP Industry programme F & WP Industry survey Additional 300M negotiated for specialized funding to the sector Generating/retaining employment – approx # New Businesses facilitated/formalized – 2400 Business upgraded – 1500 (employment generated and retained) Key Targets for 2012

Prepared by A. Vouranis Budget Gap – (survival $40M) Impact Monitoring Framework Factories Corporation Agreement Space for MSMEs 12 Camp Road premises – Finalize Acquisition JAMCORP UK – No budget allocated Red Flag

Prepared by A. Vouranis 37 New Economic Opportunities for all Productive Entities especially the MSME's From Low Value Single Products to High Value Groups of Products The emergence of Globalization through the Technological Advances Global Trends

Prepared by A. Vouranis 38 New Opportunities for JA SMEs Beeswax Products US Market 2.3 US$ billions (Source US Gov.) Raw Materials Available locally Dried Flowers US Market 4.5 US$ billions (Source US Gov.) Raw Materials Available locally Music US Market 1.2 US$ billions (Source US Gov.) Raw Materials Available locally New slides

Prepared by A. Vouranis 39 Buzzing Business- 2.3 US$ billions Market Honey Comb Candy Gourmet Honeys & Honey Wines Beeswax (soaps) Candles Natural repellants Ceremonial candles Accessories candle holders clay bamboo metal books

Prepared by A. Vouranis 40 Technical Services Incubator Resource Centre Training Marketing Services TJ Financial Services FSU Info Portal JBD Corporation Our growth path GOJ 500 Suppliers 2, Million Business Services JAMBICS 6,000 A.Vouranis