Business school to be launched in March - Premier Fahie
The Premier, speaking at the official launch of Petrus Plaza in Fish Bay on Tuesday, February 11, 2020, revealed that plans for the school has started and the institution will be launched in March 2020.
“In March, we will be launching the Entrepreneurial School to make sure that persons can come and be trained. We are already in the planning stage… and we are going to launch that very soon so everyone can see that this is not a talk shop.”
Premier informed that, among the training, persons would also be schooled in accounting.
Talks underway with CDB
In the meantime, Premier repeated that his government is already starting to pave the way for the persons who would be benefitting from the training to receive access to funding.
“We have already spoken with Caribbean Development Bank (CDB) to put aside $2.5 million to make sure that the persons who have been in those programmes would have access to the money, and they can also be accountable for the monies that they are getting. “So it is going to start small, but it is going to mushroom,” he stated.
Premier added: “And, they will be monitored, not like what has happened prior, we have learned from the lessons from the past. Just leaving them on their own, cannot be the way to go. They must be monitored, they must be guided, and they must understand there must be layers and layers of accountability.”
Premier Fahie had first made mention of this initiative on the January 7, 2020, edition of the 'Honestly Speaking,' show with host Claude O. Skelton-Cline.
“We are looking about entrepreneurship, we have been able to negotiate with the Caribbean Development Bank to put some money into the National Bank of the Virgin Islands for entrepreneurship," Premier Fahie revealed.
He said to boost the economy, innovation and entrepreneurship will be the next wave of how the people of the VI, especially the youths, will be able to achieve upward mobility.
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15 Responses to “Business school to be launched in March - Premier Fahie ”
That Division can administer a small business development loan program that is administered by the government. Set aside $2.5million from BVi budget for the initial seed money. Set the interest rate between 4 % to 6 %, set it up as a revolving fund, use the interest proceeds to grow the fund (recirculate it within BVI community) and make new loans. After a while the loan program will pay for itself. Draft legislative language so the proceeds not just fund new loans but potentially pay the wages for employees within the Small Business division and business school. Shift the burden away from taxpayers. Let's collectively (BVI people who live inside and outside of the country) learn to solve our own problems in ways that puts us on another trajectory, rather than setting yourselves up to live hand to mouth. It wouill worm if you plan and execute properly. This is coming from some one just like you all who has 30 years high level fed exp with similar programs . So I know it can work.
3rd to the last sentence should read as " It will work if planned and executed properly"
This is another joke on the brainless. Such cruelty should be punished.
There are too many expensive cars on this island to be prematurely depreciated by the horrible road infrastructure. Its also a major embarrassment for the territory. I know we can do better. Two guys in a 5 yard truck can go around the island and fill those pot holes. Wake up.... somebody!