SBDC Providing Hope for Bahamian Small Businesses

Apr 22, 2021

The Free National Movement (FNM) issued the following statement regarding the Minnis Administration’s proven dedication to supporting and protecting Bahamian small businesses:

“Growing up Over the Hill, Prime Minister Minnis knows first-hand the importance of providing an opportunity to local entrepreneurs, small business owners, and young professionals. The government implemented the Small Business Development Centre to make this support proactive, offering loans, grants, training, and assistance to Bahamians that wanted to start or grow their business. Throughout the global pandemic, however, the SBDC has helped save many businesses that had received a tough blow from the economic impact of COVID-19.

“Small business manager, Tianya Bethel, told The Tribune, ‘the SBDC is the saving grace for its second store opening,’ which allowed the local franchise to create 40 new jobs. According to the franchise owners, had the government not given its support, they would have depleted their savings.

“Many other businesses found themselves in the same situation, struggling to keep their doors open and people employed, but our government is working tirelessly to save jobs while creating new opportunities. Millions in grants and loans have been provided because it is imperative to help sustain our local business and position them to be stronger and employ more Bahamians once the pandemic is in our past.

“While Prime Minister Minnis has made it his priority to save lives, he is determined to save livelihoods as well. He had the foresight and vision to create the SBDC and ensure there was an infrastructure to provide real, life-changing support to our small businesses owners and workers alike because he knows we deserve nothing less from our elected leaders.”

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