Small and medium-sized enterprises (SMEs) in The Bahamas will soon be able to compete globally, as public and private executives are presently crafting the Small Business Act (SBA) of The Bahamas. The SBA is forecasted to be legislated during2011. It will stimulate economic growth and mitigate the negative impact of future recessions on the Bahamian economy.

The SBA, from a domestic perspective, will provide the foundation on which to improve the economic conditions of The Bahamas. From an international perspective, it will attract foreign investors who want to partner with local entrepreneurs in fields such as e-commerce, manufacturing, agriculture, and information technology. These industries are tremendously under served and underdeveloped. These types of investment...