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Small businesses participate in CICBD growth program

by Renae Stampp
August 05, 2022
in Business
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Small businesses participate in CICBD growth program
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(CMR) The Cayman Islands Centre for Business Development (CICBD) launched its inaugural ‘Grow Your Business' program,  a 15-month initiative to steer businesses through their growth phase.

Nineteen small Caymanian businesses representing various consumer-facing products and services, including jerk chicken, real estate, beauty, and air conditioning, were chosen to participate.

The entrepreneurs will participate in weekly three-hour sessions over 12 weeks between July and October 2022, with training in specific areas that will aid in strategy formulation, decision-making, and increasing productivity.

Each business is assigned to a trained Centre for Business Development advisor, who will help the business navigate the 15 months of working closely with the entrepreneur–including identifying challenges and hurdles, creating and implementing a strategy, and monitoring progress.

The Grow Your Business program is expected to be a rich source of aggregate data and other insights for the Ministry of Investment, Innovation and Social Development and the wider Cayman Islands Government, potentially introducing reforms in policy, regulation, and legislation.

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Tags: Cayman Islands Centre for Business Development (CICDB)
Renae Stampp

Renae Stampp

A regional writer with almost 10 years of experience working in various news media including two major media houses in Bermuda and Jamaica. Renae provides professional content for our regional and international audience.

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