Budget incentives for fashion and music

(NATION NEWS) -

Prime Minister Mia Mottley has announced Barbados’ fashion sector will get a major financial injection which should allow designers and others involved to tap into the trillion-dollarindustry

I n m a k i n g t h e announcement during the delivery of the 2023 Budget in Parliament on Tuesday, shesaidthatpeopleonlyhad to look at mogul and National Heroine, The Most HonourableRobynRihanna Fenty, to see how big an industry it was. She also wanted them to note the Rihanna’s “journey ought not to be unique and the talent of the people in this countrymustbehoned” and theytoocouldbeapartofit.

“… We are sitting on an untapped gold mine and we havetoputourmoneywhere our mouth is This Government will put $2 millionoutofthoseexcesses that we will have next week into the BIDC [Barbados Investment Development Corporation] to work collaboratively with the National Cultural Foundation to push the fashionindustry

We have a front page planthathasbeenprepared,” shesaid.Shestatedtherehas been conversations “about building out factory space, buying the equipment and computer aided technology to allow many of our people to come in and do micro leasing” as “most of the peoplewhohavetalentdon’t have the money to go and buy the machines on their own” and by having a space equipped with a green screen, opportunities would becreatedforBajans.