The Government plans to institute legislation for the establishment of a business improvement district.
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, made the disclosure during Tuesday’s (March 5) meeting of the Standing Finance Committee of the House of Representatives, whose members are reviewing the 2024/25 Estimates of Expenditure.
“We’re working on a project with the World Bank to introduce a concept of a business improvement district that will provide the legislative framework for the Government to involve the private sector in the maintenance of an area,” he explained.
Dr. Clarke was responding to concerns about the state of the drainage network along Marcus Garvey Drive and Tinson Pen in Kingston, and the potential impact on commerce.
“The private sector in that area have expressed to the Government their desire and willingness to invest in that area and maintain it at a standard that they believe is consistent with what they need to do business,” the Minister said.
Dr. Clarke pointed out that the concept has been successfully implemented in several countries, adding that the Government desires to make it a reality in Jamaica.
Advertise with McKoy’s News!
🚀 Boost Your Business with McKoy’s News! 🚀
Let us help you grow your brand with our comprehensive advertising solutions:
Create Your Own Business Page:
Showcase your business with a personalized page on McKoy’s News. Highlight your products or services with multiple photos, contact information, and detailed descriptions.
Engaging Banner Ads:
Capture attention with visually stunning banner ads that promote your brand across our website, reaching a large audience with every click.
Dynamic Video Ads:
Tell your story with impactful video advertisements, designed to engage viewers and drive traffic to your business.
Feature Articles:
Gain credibility and visibility with feature articles on McKoy’s News. Share your success stories, latest offerings, and expert insights with our readers.
Ready to Elevate Your Business?
Contact us today and let McKoy’s News be your partner in success.