National News

Jamaica’s stability and growth impresses potential investors

By: Derrick Scott

WASHINGTON, D.C. – President of the World Trade Centre of Greater Philadelphia, Linda Mysliwy-Conlin says she is impressed with the stability and growth of the Jamaican economy noting that now is an excellent time to invest in Jamaica.

“I want to appeal to the business sector in Philadelphia to think about investing and doing trade between Jamaica and us. There is a significant opportunity to increase trade between Philadelphia and Jamaica and I can assure you that all efforts will be made to seize this golden opportunity.” This is a win-win opportunity for both Jamaica and Philadelphia,” Conlin said.

Ms Conlin said her organization would be sensitizing the business community about the vast amount of opportunities available for investment in Jamaica as well as the potential to increase trade between the City of Philadelphia and Jamaica.

In giving an investment overview to top executives of over thirty Pennsylvania based platinum Enterprises, Jamaica’s Ambassador to the United States Her Excellency Audrey Marks outlined a raft of investment opportunities and in her convincing pitch where she declared that Jamaica was open for business, she affirmed that Jamaica was the best place in the world in which to do business at this time.

Ambassador Marks outlined a number of investment opportunities in Jamaica including the divestment of the Norman Manley International Airport, the re-development of Downtown Kingston, the Logistic Hub and a number of specific projects related to water infrastructure development being undertaken by the National Water Commission.

She invited the entrepreneurs to visit Jamaica to take a look at the various opportunities available for investment.

The Ambassador said the she would be doing everything possible to attract new investment to Jamaica including the launch of an investment road-show targeting a number of states from which she hope to garner new investment for Jamaica.

Vice President of Pennoni, a top engineering company based in Philadelphia, Jonathan Savage, Says he was eager to do business with Jamaica as he was impressed with the presentation given by Ambassador Marks.

Mr Savage said this was the first time he was attending an event like this that gave information about specific projects. Coming from Jamaica, he said this was impressive and critical to his business development.

Commercial Officer for the US Department of Commerce, International Trade Administration, Rebecca Torres explained that “the purpose of staging the forum was to introduce US companies and interested parties to the opportunities that exist for upcoming infrastructure projects in Jamaica, thus giving these US companies the opportunity learn more about them and potentially bid on them as well as to invest in Jamaica.”

Jamaica’s stability and growth impresses potential investors

Ambassador Marks was supported at the forum by Jamaica’s   representative to the Inter American Development Bank (IDB) Mr. Arthur Williams the IDB’s Executive Director for the Caribbean, Mr. Jerry Butler and Minister Counsellor, for Trade at the Jamaican Embassy in Washington Mrs Ariel Bowen.

South Florida Caribbean News

The SFLCN.com Team provides news and information for the Caribbean-American community in South Florida and beyond.

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