TRAINING & BUSINESS SUPPORT PROGRAM FOR MSME’S

The Minister of Tourism, Economic Affairs, Traffic and Telecommunication (TEATT) has launched a training and business support program geared towards the development of micro, small and medium enterprises on the Island (MSMEs).

The MSME program will be carried out by A&A Accounting, Business Support & Training Center.

The training and business support program, was conceptualized based on the National MSME Policy Framework and is designed as a sustainable solution to help

“COCI is excited for Pelican Park to become the catalyst of future iconic development in the greater Philipsburg area, in particular the Pondfill. The Chamber is willing to share its views on infrastructure development and business accessibility with interested parties and the public,” COCI said. ■ strengthen and grow MSMEs and to overcome temporary liquidity problems, protect jobs and, at the same time, allow efficient business continuity and operations with the view to better position MSMEs to cope with economic fallout, according to a press statement from the cabinet of the Minister of TEATT.

“The program which is expected to run for one year in the first instance will allow for training of 25 existing and aspiring MSMEs and it will cover two components:

“Component 1 is based on the support through the St Maarten Enterprise Recovery Project. It is geared for MSMEs interested in applying for a Grant/Loan as a means of recovering from damage to the business due to the passing of the hurricanes in 2017 or the impact of the COVID-19 pandemic on MSMEs operations.

“Component 2 which is an Entrepreneurship Development Program is a capacity building program tailored to converting a person to an entrepreneur by passing him through thoroughly structured training. This program also guides the individuals on how to start the business and effective ways to sustain it successfully.

“MSMEs on St. Maarten comprise of 85 percent of formal enterprises in the country. Hence the sector is central to not