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The Jamaica Promotions Corporation building on Trafalgar Road in New Kingston, Jamaica. (File photo)

Online investment guide launched in Jamaica

The Jamaica Promotions Corporation building on Trafalgar Road in New Kingston, Jamaica. (File photo)

Jamaica launched its online investment guide (iGuide) in New Kingston last week.

iGuide Project Consultant, Michelle Frederick Johnson (left) with Jamaica Promotions Corporation President, Diane Edwards (centre); and United Nations Conference on Trade and Development Economist, Ian Richards. (Photo: JIS)

The iGuide serves as a source of information for potential investors and will provide easily accessible information to guide decisions regarding investing in Jamaica.

The guide, which will be available on the United Nations Conference on Trade and Development website, will enable assessment of investing in Jamaica versus the other almost 30 countries that have developed also iGuide sites.

“Our constant focus is on how do we make it easier for people to do business in Jamaica…How do we make the business environment more open and how do we make businesses feel more welcome in Jamaica?

– President of Jamaica Promotions Company, Diane Edwards

Locally, the project was led by the Jamaica Promotions Corporation (JAMPRO), which will also have the iGuide accessible on its website.

The compiled information spans several industries including energy, manufacturing, tourism and the creative industries.

A language translation feature has also been incorporated to facilitate ease of communication.

Speaking at the launch, President of JAMPRO, Diane Edwards, said the iGuide “is going to take that information out to the world in a form that is really using best practice.”

JAMPRO will serve the dual role of also updating the iGuide.

“Our constant focus is on how do we make it easier for people to do business in Jamaica,” Edwards said, adding “How do we make the business environment more open and how do we make businesses feel more welcome in Jamaica. All of that is important to us.”

She noted that Jamaica improved its place in the World Bank’s Doing Business Report, and said this is consequential of the move to reform the country’s business environment agenda.

“We think it has really good information. We want you to tell everyone about it… that it is a tool, not only for foreign businesses, but for local businesses to use to develop their business cases and present their projects,” she said.

Online investment guides have also been developed in Antigua and Barbuda, St Vincent and the Grenadines and St Lucia. It is expected that similar platforms will become available in Curaçao, Barbados and St Kitts-Nevis within the next 12 months.