2018/19 Budget Communication 2018_2019 BUDGET COMMUNICATION | Page 49

On the matter of the new Small Business Development Centre, I would add that this is an initiative spearheaded by the Government, the University of The Bahamas and The Bahamas Chamber of Commerce and Employers’ Confederation with support from the Organization of American States. The Centre will provide a resource for all Bahamians to receive advisory and technical support when seeking to open a business or expand their operations. The Centre will also steer entrepreneurs to available funding opportunities through government or private means and assist business owners in navigating through the regulatory and tax registration requirements for a new business. I am pleased to advise that the Government and the stakeholders of the Small Business Development Centre have recently appointed the Centre’s Executive Director. 46