IDB unveils small business grant plan

Tue, Mar 13th 2012, 11:00 PM

By NATARIO McKENZIE

Tribune Business Reporter

nmckenzie@tribunemedia.net

THE Inter-American Development Bank (IDB) yesterday launched its Compete Caribbean Program in Nassau, giving potential Bahamian small business owners the opportunity to exploit investment funding to develop their ideas.

The programme, which was approved by the IDB last year, is aimed at supporting private sector development and competitiveness in 15 Caribbean countries. IDB representative, Jorge Zavaleta, during a forum at the Sheraton hotel, said it provided an important opportunity for the private sector.

Mr Zavaleta said: "This is a $40 million program that provides technical assistance grants in investment ...

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