At a time of prolonged economic downturn and the clarion call for greater focus on growth strategies to resuscitate the Barbados economy, the Small Business Association has again signaled that the small business sector is a possible solution for growth and recovery.
This prescription is captured in the theme for the 11th annual Small Business Week, “Small Business as an Elixir for Economy Recovery”, being held from September 21 – 27, 2014.
The association consistently posits the view that small businesses had the innate potential to catalyse an economy to new levels of growth. Research consistently showed that these firms were significant contributors to employment creation with the ability to grow and/or reduce the use of foreign exchange.
In light of the considerable potential the sector has in the economy, the SBA is hoping to raise the national dialogue with this year’s week of activities and to encourage policy makers, financiers and business support organisations to create the ecosystem needed to engender small business growth.
Small Business Week is being organised through the support of title sponsor, First Citizen Bank, other sponsors and contributors, and will feature six events to educate, enlighten and entertain stakeholders. The signature event of the week, the Awards Ceremony & Dinner, will showcase businesses in eight economic sectors that have attained outstanding results in employment generation and/or retention, applied effective business development solutions, and used innovation in their business processes and product development. The public will also be invited to participate in the activities through the People’s Choice Award through text voting for their firm of choice from among the eight finalists in the competition.
The public is encouraged to participate in the week of activities.