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Posted: Wednesday 17 May, 2017 at 10:20 AM

Business Community Meeting St. Paul’s Community Center

    The first in a series of Community Business Meeting organized by the National Entrepreneurial Development Division (NEDD) was held at the St. Paul’s Community Center on Thursday 30th March 2017. The meeting commenced at 6:30pm and saw about Thirteen, (13) persons in attendance. 
     
    These participants are from the following sectors: 
     
    - Food and Beverage;
     
    - Bakeries;                      
     
    - Farming;
     
    - Retailers;                                        
     
    - Hospitality;
     
    - Cosmetology;                              
     
    - Carpentry;                                  
     
    - Landscaping;
     
    - Small shops/Supermarket. 
     
    Presentations were made by:
     
    - Mr. Phillip Browne, Director of NEDD 
     
    - Mrs. Kimoy Oloughlin, Development Bank of St. Kitts-Nevis 
     
    - Ms. Kamillah Lawrence, St. Christopher and Nevis Social Security 
     
    Some of the major issues raised during the discussion session are as follows: 
     
    - High cost incurred in starting a small business;
     
    - Availability and likelihood of accessing financing;
     
    - High requirements of financial institutions;
     
    - Necessary requirements in attaining a small business loan;  
     
    - The different small business loan available;
     
    - Securing the property of small businesses;  
     
    - Social Security and how small businesses can benefit from contributions paid;
     
    - The perception of small businesses in the Federation and by financial institutions;
     
    - Clear and concise procedures as it relates to obtaining Duty Free Concession;
     
    - The length of time in processing Duty Free Concession;
     
    - Importance of registering your business (Business Licence)  
     
    Stay tuned for more great work from the National Entrepreneurial Development Division (NEDD) in the coming weeks. 
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