The harsh reality of an underperforming economy in the aftermath of the global financial crisis, decreased foreign reserves and the absence of a practical fiscal programme from Government, coalesce to create a challenging environment for doing business in Barbados.
On Friday, September 8, 2017, the Barbados Small Business Association (SBA) launched its Solar Transport Project in National Heroes Square, Bridgetown.
The Minister of Finance and Economic Affairs has authorised the Central Bank of Barbados, under the Exchange Control Act, Cap.71, to implement a foreign exchange fee.
With the current state of the economy, small business owners and entrepreneurs are truly beginning to recognize the importance of not only providing a necessary service or product to the public but also the exigency of having a market to promote and sell these goods or services.
The SBA is proud to have partnered with the Technical Vocational & Education Training Council and the Barbados Association of Professional Cleaners to provide the first ever National Vocational Qualification training for the Janitorial Industry.
Over its current financial year, the Small Business Association has openly embraced 39 new small businesses with four orientation sessions occurring within that time span.
