$10M To Help Local Businesses—Walwyn Promises

Melissa Edwards, Senior Journalist | January 22, 2019 6:21 am AST | 10 Comments
Melissa Edwards, Senior Journalist
January 22, 2019 6:21 am AST | 10 Comments
Photo Credit: Sherine Williams/BVI Platinum News
Photo Credit: Sherine Williams/BVI Platinum News
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One of the first order of the day for the National Democratic Party (NDP) administration, once re-elected to government, is to pump $10M into the National Business Bureau to assist local businesses.

“…The new NDP will immediately upon taking office, fund the National Business Bureau with $10M to provide very low interest rate loans and in some cases, grants to farmers, fishermen, and other entrepreneurs seeking to further their businesses,” Hon. Myron Walwyn, NDP’s Chairman disclosed during the launch of the At-Large candidates over the weekend.

The business bureau is the brainchild of Premier and Finance Minister, Hon. Dr. D. Orlando Smith.

Hon. Walwyn said that with a strengthened business bureau, government wants to hold the hands of new and promising entrepreneurs and business people.

“That bureau must be properly staffed with the experts to help those business owners make the right decisions for their business and for our Territory.”

He noted that the NDP team is not afraid to do as much as they can to support local businesses.

“We know that we must ensure that our economy first serves our people and our needs. Through a re-energized National Business Bureau, we will ensure that entrepreneurs and business owners, young and old, are able to actively partake in the development of our Territory,” he said.

Walwyn promised that in the NDPs vision for the new Virgin Islands, they see a Territory that provides for all of its citizens, one that is on the cutting edge of technology, one that gives people a chance to develop new industries, “share our culture with the rest of the world and one where each person has a fair opportunity and access to the services they need to live a good and wholesome life. That is the Virgin Islands that I see and that is the Virgin Islands that our new NDP team is fighting for.”

The NDP leader said that their new attitude is grounded in a “can do”, as opposed to a “can’t do” attitude.

“It is infused by a renewed sense of purpose, a renewed vision of a better BVI, a renewed confidence in our talents and abilities as a people to become the best we can be, and a renewed determination to succeed against all odds,” he noted.
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