Royal Caribbean and Access Accelerator launch financing program for tourism-based MSMEs

NASSAU, BAHAMAS — The Royal Caribbean Group and Access Accelerator Small Business Development Centre have launched a financing program to support micro, small and medium-sized enterprises (MSME) in the tourism sector of The Bahamas. Royal Caribbean Group will provide a $250,000 donation to the Access Accelerator to establish a fund that will soon be providing […]

SAVING GRACE: SBDC loan initiative keeping businesses afloat amid pandemic, says state finance minister

NASSAU, BAHAMAS — Many Bahamian businesses have been able to sustain their operations despite the challenges posed by the COVID-19 pandemic as a result of the government’s business continuity loan initiative, according to Minister of State for Finance Kwasi Thompson. Thompson, who was addressing the Charley’s Philly Cheese Steaks grand opening, noted: “The coronavirus pandemic […]

Access Accelerator completes third round of grants for small businesses

NASSAU, BAHAMAS — The third round of the Access Accelerator Small Business Development Centre (Access Accelerator) Standalone Grant Programme has concluded, with $569,000 pumped into 129 small businesses. The third round activities bring the total investment in MSMEs to $2.3 million, injected into 549 small businesses through the grant initiative. The Standalone Grant Programme gives […]

SBDC exec: It’s a “miracle” so many SMEs survived COVID-19 downturn

NASSAU, BAHAMAS — The Small Business Development Centre’s (SBDC) executive director said yesterday it was a “miracle” that so many small businesses had survived the COVID-19 downturn, noting that up to this point the program has not recorded any defaults. Davinia Grant, who was addressing a meeting of the Rotary Club of Southeast Nassau yesterday […]

Ministry of Agriculture partners with the Access Accelerator SBDC

NASSAU, BAHAMAS — Minister of Agriculture and Marine Resources Michael Pintard yesterday announced the ministry will partner with the Access Accelerator Small Business Development Centre (SBDC) to support farming and fishing projects throughout The Bahamas. “This collaboration will be the first of many as my ministry seeks to leverage various opportunities for farmers and fishers,” […]

SBDC and BDB would fund hemp ventures once government “green lights” industry, say executives

NASSAU, BAHAMAS — For entrepreneurs who may be looking to cultivate industrial hemp, if and when government gives the go ahead, Small Business Development Centre (SBDC) and the Bahamas Development Bank the (BDB) executives said the entities are open to providing funding for such ventures. During the Abaco Business Outlook, Access Accelerator Small Business Development […]

Govt. “betting big” on small business sector, $55 million injection

NASSAU, BAHAMAS — The government is “betting big” on small businesses and the Bahamian entrepreneurial spirit to help mitigate the economic shock of the COVID-19 pandemic and revive the economy, according to Deputy Prime Minister and Minister of Finance K Peter Turnquest. Speaking at a press conference to mark the SBDC’s two-year anniversary, Turnquest noted […]

SBDC launching crowdfunding platform

NASSAU, BAHAMAS — The Access Accelerator Small Business Development Centre (SBDC) is looking to launch a crowdfunding platform, executives said yesterday. During a press conference to mark the entity’s two-year anniversary, Davinia Grant, the SBDC’s executive director said: “We are going to be launching a crowdfunding platform and we will be looking at opportunities for […]