The Jamaica Stock Exchange (JSE) has introduced a new trading platform for micro and small enterprises.
The JSE micro-market initiative was officially launched this morning at the Terra Nova All-Suite Hotel in Kingston.
The initiative is designed to help micro and small businesses gain greater access to equity financing, which will enable them to expand their operations, create jobs and contribute more meaningfully to Jamaica’s economic growth and development.
Speaking at the launching ceremony, Finance Minister Fayval Williams said through the initiative, smaller enterprises will have access to new avenues for raising capital, while investors benefit from expanded opportunities to participate in the growth of Jamaica’s entrepreneurial sector.
She added that businesses that list on the platform will benefit from a full income tax holiday for the first five years.
Mrs. Williams also noted that the JSE micro-market will meet the needs of enterprises in the $10 million to $50 million participating equity capital bracket.
