Roseau, Dominica: Dominica’s Ministry of Tourism, International Transport and Maritime Initiative, through the Small Business Support Unit, launched its newest initiative, “The Small Business One Stop Shop”, on Friday.
Minister Irving McIntyre shared the update on his Facebook account and revealed the features of the “Small Business One Stop Shop”. he said
seventeen (17) small businesses from the Roseau Valley formed part of this ceremony, including Definition Fitness Gym, Lachiem Touch, Mills Variety Touch, Cafe Mon Plezi, JD Management Data Solution, Caribbean Core Fitness, Donny’s Snorkel Center and Infinity Nails.
During the ceremony, several small business grant beneficiaries received certificates for participating in the Small Business Grant Training Workshop – a pre-requisite to receiving financial assistance.
The Small Business One Stop Shop provides a convenient, easy, professional service to micro and small businesses. The government recently upgraded the services offered at the Small Business Support Units by transforming the Units into a One Stop Shop.
Features of One Stop Shop include:
- Grant funding
- Business registration
- Tax incentives
- Information on permits
- License certification
- Business plan advice
- Guidance and hand-holding support
Minister McIntyre said that small business owners can now benefit from all of these services in one convenient location. He said the major purpose of this “One Stop Shop” is to encourage entrepreneurship among people.
The government of Dominica is promoting small business culture in the country. In March 2022, the government provided $27.8 million to AID Bank to help support small businesses at an interest rate of 3.50 percent. As per reports, initially, around sixty-seven applicants have benefitted, receiving a total of $4.3 million.
As per Prime Minister Roosevelt Skerrit’s budget speech on July 26, 2022, about 120 businesses were aided from grants to small agro-processors, manufacturers, app and software designers, health and wellness practitioners and businesses in the creative enterprises. He added that programs to support small businesses are one of the government’s top priorities.