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Ja's SMEs Struggling

Jamaica, according to a 2008 GEM report, has surpassed the United States and China as being one of the most entrepreneurial countries in the world. However, the trend is not represented in the growth and sustainability of the island’s small and medium sized enterprises (SMEs)

which often collapse due to many external pressures.

 

In a presentation at the Regular Monthly members meeting of the Montego Bay Chamber of Commerce and Industry (MBCCI), Ralph Thomas, Senior Teaching Fellow at the Mona School of Business (UWI) noted that factors such as high interest rates, taxation, and competition are among some major factors which have crippled many businesses.

 

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