Increase Profitability by Forming Clusters, says JBDC CEO

first_imgIncrease Profitability by Forming Clusters, says JBDC CEO CommerceOctober 20, 2015Written by: JBDC Corporate Communications Unit RelatedAmendments to Common External Tariff to Benefit Jamaica Story HighlightsCEO of the Jamaica Business Development Corporation (JBDC), Valerie Veira is urging Micro, Small & Medium Enterprises (MSME) to engage in cluster activity to generate higher income. She was speaking at a recently held international seminar “Technology transfer to countries in Africa, the Caribbean, the Pacific and Business Support” in Brno, Czech Republic.She added that cluster activity enables entrepreneurs to acquire critical skills including better management of the value chain. RelatedUnicomer Signals Confidence in Economy with Us$8 Million Investment in Operations Advertisementscenter_img RelatedLogistics Hub Is Alive and Well – Hylton CEO of the Jamaica Business Development Corporation (JBDC), Valerie Veira is urging Micro, Small & Medium Enterprises (MSME) to engage in cluster activity to generate higher income. She was speaking at a recently held international seminar “Technology transfer to countries in Africa, the Caribbean, the Pacific and Business Support” in Brno, Czech Republic.According to Ms. Veira, data from the field indicates that the lack of a business plan, access to finance and the ability to export are key obstacles to growth within the MSME sector and clustering is an effective means of solving these issues with the help of government and the private sector. “Clusters are a strategic networking of entities engaged in co-related business activities that are linked horizontally, vertically, diagonally (and sometimes virtually) along the value chain that serve towards enhancing the competitiveness of both the individual entity and the cluster of entities,’ she explained.Continuing, she added that cluster activity enables entrepreneurs to acquire critical skills including better management of the value chain, procurement management, marketing, as well as to achieve economies of scale/scope. “It facilitates bonding and fellowship so you know you’re not alone, entrepreneurs share ideas and best practices and they gain greater access to resources such as finance. This type of environment creates the right conditions towards increased profitability,” she said.Ms. Veira says though more than 80% of entrepreneurs indicate a willingness to be part of a cluster, only a few have been formed so far. The government must facilitate and sometimes trigger and so the JBDC has been instrumental in the development of clusters, through continuous training and development, facilitating access to financing, hand-holding and administrative support such as office space. “These clusters include Egg producers  who exported 27, 000 dozen eggs to Trinidad in December 2009 (Jamaica Egg Cluster), SPA Jamaica (Jamaica Wellness Cluster), International Contemporary Furniture Fair (Authentic Jamaican Gift & Craft Cluster), Island Couture (Jamaica Fashion & Apparel Cluster) and the Jamlamb brand – producer of lamb sausages, lamb ham (Small Ruminants Cluster),” she said.Ms. Veira pointed out that MSMEs make up approximately 90% of the business sector; therefore their sales are often equal to the income of large companies. “The local clusters have learned to import together, and many of them assert themselves to the international markets very successfully,” she added.Following her presentation, Ms. Veira was lauded by the Business Platform for Foreign Development Cooperation, Czech Republic in a letter of commendation. “Your presence and presentation added dignity and great importance to this event. I am glad we have succeeded in attracting the attention of important persons to the topic of transfer technologies to countries in Africa, the Caribbean and the Pacific. Your presentation impressed not only the audience at the seminar but also other delegates. We have been asked by many of them to provide and send your presentation to them. I believe that your visit and meetings with entrepreneurs here wasn’t the last one,” said Libor Novak, Chairperson of the Executive Committee.The seminar participants were addressed by representatives of foreign business support institutions from Jamaica, Botswana and Burandi. The main motive of all contributions was the sustainability of business activities. Although trade relations between Europe and Africa are considered a commercial matter, it is necessary to emphasize the existence of European instruments to support entrepreneurship in the ACP program, and other institutions that receive subsidies from the European Development Fund (EDF), into which The Czech Republic contributes a considerable amount.The JBDC is an agency of the Ministry of Industry, Investment & Commerce. FacebookTwitterWhatsAppEmail last_img read more

California Lawmakers: PG&E Threatening Bankruptcy Due to Wildfires

first_img 6.19.2018 California Lawmakers: PG&E Threatening Bankruptcy Due to Wildfires Facebook Eight of the fires have been referred to district attorneys for potential prosecution, with analysts estimating the fires could result in fines of more than $15 billion. Hundreds of homeowners have already filed suit against the company. O&M Linkedin California lawmakers say Pacific Gas & Electric officials have told them the company may need to file for bankruptcy or otherwise reorganize if it is held liable for wildfires in the state. RELATED ARTICLESMORE FROM AUTHOR Previous articleWorker Killed by Water Cap at Genesee Power StationNext articleXcel Energy Orders 442 MW of Turbines from Vestas chloecox The California Department of Forestry and Fire Protection announced twelve fires during a statewide outbreak last October were caused by utility lines, CBS Sacramento reported. These fires burned over 100,000 acres, destroyed 1,603 structures and killed 15 people. Twitter PG&E denied liability for the fires, saying climate change was their true cause. Additionally, a spokeswoman said California’s wildfire liability laws are not sustainable, and that the company could be liable for damages even if the company followed established inspection and safety rules.center_img Facebook TAGSPGE By Editors of Power Engineering Vistra: Texas freeze caused $1.6B negative cash flow impact By chloecox – No posts to display Twitter Ex-New York power market CEO named interim ERCOT CEO Optimizing Plant Performance: The April POWERGEN+ series activates today Linkedinlast_img read more

Sorority suspended for scavenger hunt that university calls ‘morally questionable’

first_imgLehigh University(BETHLEHEM, Pa.) — A sorority at a university in Pennsylvania has been banned from the campus for more than two years after an investigation revealed that drugs, alcohol and sexual activity were part of a scavenger hunt run by the Greek organization, the university said.Alpha Chi Omega’s Theta Chi chapter has lost its recognition from Lehigh University, which is about 60 miles north of Philadelphia, and will be banned from campus through May 2020, the university said in a statement to ABC News.“Lehigh University expects all students to uphold community standards,” the statement said. The scavenger hunt “failed to meet these standards.”The event was held in early December 2017 and called Road Rally, according to a post on a blog for the Lehigh Greek community, which the university confirmed is accurate.After the university received reports of the incident, it placed the chapter on interim suspension on Dec. 12, the blog said. The national organization of Alpha Chi Omega went to the university to conduct its own investigation, which led to the sorority’s headquarters putting the Lehigh chapter on probation, according to the blog.Alpha Chi Omega’s national headquarters did not immediately respond to ABC News’ request for comment. However, according to The Associated Press, the national organization conducted an investigation resulting in probation and individual punishments..Lehigh University’s investigation led to its discipline committee on March 5 finding that the campus chapter of the sorority had violated several terms of the university’s code of conduct, including on hazing, respect for community and respect for self, according to a statement by the committee posted on the Greek organizations’ blog.On the hazing charge, the discipline committee found that the sorority “created a situation that occurred on and off campus involving morally questionable quests such as a scavenger hunt” and treasure hunts. The actions that were part of such hunts “may not have been required for affiliation” in the sorority but “are clearly considered a rite of passage and a consistent part of membership.”In explaining its decision to temporarily end the sorority’s recognition by the university, the panel said “the incident was a significant reprehensible event that the entire chapter was aware of and leadership endorsed.”“There is credible information that this event has been going on for years,” the committee said, adding that it is “deeply concerned about the escalated nature of the content of this year’s list.”The sorority has the right to appeal, according to the disciplinary committee statement posted on the Greek community blog.Copyright © 2018, ABC Radio. All rights reserved.last_img read more

Former MHP exec David Greene joins LSL Advisors

first_imgDavid GreeneDavid Greene, the former head of brokerage at MHP Real Estate Services, is joining a boutique leasing and investment sales firm.He will serve as a principal at LSL Advisors, which was founded by Daniel Lolai in 2014, Commercial Observer reported.Greene told CO he “preferred a boutique rather than a big company.” He has been working with LSL Advisors since last year, but officially joined in January.Previously, Greene spent two decades at MHP, but in February, 2018 MHP’s president and CEO, Norman Sturner, said the firm had “cut the ties” with Greene. Sturner’s son David later said the decision was more of a “mutual decision.”During Greene’s tenure at MHP, he grew the salesforce to 40 brokers from 13.In May, 2018, MHP downsized it office footprint and relocated the company’s headquarters after selling a majority stake to Miami-based Banyan Street Capital. [CO] — Decca Muldowney This content is for subscribers only.Subscribe Nowlast_img read more

LNH (Round 6): Montpellier win and join Nantes on top of the table

first_imgShareTweetShareShareEmailCommentsMontpellier AHB keep their top table position with HBC Nantes, after both teams won in the round 6. With Nantes previously winning, while PSG Handball surprisingly lost in Chambery, Montpellier in the last game of the round 6 beat St Raphael with 34:27.St Raphael went with the lead at the half time, but Montpellier gave a very strong second half winning 17:10, which was enough to win the match. Slovenians Vid Kavticnik and Dragan Gajic led the Montpellier side with 8 goals each, while Morten Olsen scored 5 goals for St Raphael. Recommended for you Veszprem wait clash with Zagreb, Davis: This is Champions League Related Items:handball, mahb, Montpellier, st raphael Click to comment Handball in Germany is played by 750.000 people France beat Norway with Pardin&Mahe in main role! ShareTweetShareShareEmail Leave a Reply Cancel replyYour email address will not be published.Comment Name Email Website Save my name, email, and website in this browser for the next time I comment.last_img read more