Business

Small business potential not realised

While micro, small and medium enterprises have the ability to spur significant economic growth in Barbados, their potential is not being realised due to major challenges.

This word is from the president of the Small Business Association, Wayne Willock.

He made the comment during the opening ceremony of the SBA’s state of the sector conference.

He says while recent policies have provided some benefits such as the lowered corporation tax and the digitisation of government services, other factors are having negative effects on the sector.

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