Business Advisory Services
Business Information Dissemination
Business Assessments are provided to clients who have established businesses that are registered with the Companies Office of Jamaica (COJ).
Counselling and Monitoring
We will walk with the client through recommendations relevant to their specific stage as well as provide insight on next best steps.
Grant Disbursements (VTA, IGNITE etc.)
BAS helps clients access grants that support the specific gaps identified within the assessment and consultation periods. Through the unit, clients will be able to apply for various grants that provide assistance in areas that have been identified as needing improvement.
Development Bank of Jamaica (DBJ) is a partner with the JBDC which provides various grants for technical assistance to entrepreneurs. The Voucher for Technical Assistance (VTA) grant helps businesses within the Micro, Small and Medium-sized Enterprises (MSME) sector in strengthening their operations. The application is done through the DBJ while the vouchers are disbursed through the JBDC. The IGNITE grant is a more targeted grant and clients have to pitch to receive funding. Once the client is selected to receive funding the BAS then monitors and helps to close the gaps.
The BAS has relationships with various financial partners, and clients in need of loans or equity financing can gain access to assistance through this unit.
This is a detailed process which will vary based on the stage of your business. Key considerations include identifying reasons a customer would purchase your product or service, your competitive advantage and developing the business model.
As funding is crucial to business growth, we take you through processes including start-up costs, costing your product or service, budgeting, record keeping, financial analysis and forecasting.
We also guide you towards making your business attractive to investors with an effective pitch, as well as key strategically planning your business’ growth for export.