The Bureau of Standards Jamaica (BSJ) is aiming to increase its assistance to some 213 to micro, small and medium-sized enterprises (MSMEs), during the new fiscal year, which begins April 1.
The entity will prioritise the manufacturing and agriculture/agribusiness sectors, including emerging industries of medical cannabis, hemp, and bamboo.
According to the 2020/21 Jamaica Public Bodies Estimates of Revenue and Expenditure, BSJ’s activities will include assessment of needs for standards; design, development and delivery of relevant standards; and the provision of training and conformity assessments at discounted rates.
The increased assistance to MSMEs is in keeping with the organisation’s goal of enhancing the competitiveness of Jamaican products over the next four years while facilitating business development and trade that contributes to the country’s economic growth.
During fiscal year 2020/21, will collaborate with Jamaica Promotions Corporation Limited (JAMPRO) by providing continued support for the Enterprise Development for Export Growth Programme (Export Max III).
The JAMPRO initiative aims to facilitate capacity building and market penetration assistance to exporters and export-ready enterprises.
In addition, the BSJ will increase the number of standards developed —from 64 to 67 — for products and services, including buildings and associated materials, cannabis, medical facilities and transportable gas.
BSJ has forecast a surplus of JM$58.11 million for fiscal year 2020/21.