Deputy Chief Executive Officer (CEO) at the Jamaica Business Development Corporation (JBDC), Harold Davis, stated that the Companies Office of Jamaica (COJ) recorded its highest number of people registering new businesses in 2020/21.
Entrepreneurs and investors registered 12,809 business names and 3,935 new companies, reflecting increases of 12 per cent and three per cent, respectively, over the previous period, and representing a record number of new business activity for Jamaica.
“So, it means that persons are seeing the opportunities, and persons are jumping into it, based on the opportunities that present themselves,” Davis said.
He stated that when the pandemic struck, there was a lot of anxiety and doubt as to whether it was a good time to be in business, but notes that the JBDC advocated, from the beginning, “to move from the panic, back to our passion for entrepreneurship”.
“The entrepreneurial spirit has not died at all; it has not waned. As a matter of fact, one would say that persons have stepped up the game as it relates to entrepreneurship, but just in a different way,” he pointed out.
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