A raft of new stimulus incentives for the tourism sector, which is trying to make up for lost ground from the COVID-19 pandemic, is being rolled out by the Government.

This new stimulus package is in addition to the $1.2 billion which the Government announced for the sector at the start of the pandemic in Jamaica, back in March this year.

Tourism Minister Edmund Bartlett, who unveiled the new stimulus package, did not give an overall cost for the entire stimulus package measures but conservative estimates put it at over three billion dollars.

Most of the stimuli are being channelled through the Tourism Enhancement Fund (TEF), which has collaborated with key partners to create several initiatives geared toward helping the small and medium tourism enterprises (SMTEs) retool and rebound from COVID-19.

http://www.jamaicaobserver.com/sunday-finance/new-stimulus-package-for-tourism-sector-incentives-could-amount-to-an-additional-3-billion_203528