Minister Shaw was in New York City to reopen the Jamaica Promotions Corporation (JAMPRO) office as the organization implements its marketing strategy to target the Tri-State area for investments and exports.
During the luncheon, Minister Shaw emphasized to potential investors, entrepreneurs and members of the Diaspora in attendance Jamaica’s market stability pointing out:
- the economy grew 1.8% over the past year and growth is accelerating with projections for 2% growth next year, and up to 5% in the next 5 years
- inflation is in single digits, 2.8% last year
- unemployment is the lowest it has been in 8 years at 9.6%
- Jamaica is #5 in the world for starting a business according to the Global Banking and Finance Review.
The Minister also discussed numerous opportunities for investment in agribusiness, business process outsourcing (BPO), logistics, mining, tourism, manufacturing and film.