Economic Diversification | Employment Creation | Wealth Generation
The Ministry of Youth Development and National Service (MYDNS) recognizes the importance of Micro and Small Enterprises (MSEs) to the overall development of the national economy and society.
The Ministry is committed to creating a supportive entrepreneurship environment to anticipate and respond to MSE development needs, thus resulting in greater contribution to national development. In particular, MYDNS is actively working to unlock the entrepreneurial potential of the youth, by promoting young entrepreneurs.
|Size of Enterprise||Number of Employees||Turnover per annum|
|Mini-micro||= 1 including owner/manager||$250,000|
|Micro||<=5 including owner/manager||$1,000,000|
|Small||<=25 including owner/manager||$8,000,000|
The Enterprise Development Division (EDD) has responsibility for developing policies and programmes for the Micro and Small Enterprise (MSE) sector. Its role entails collaboration and forging partnerships with key stakeholders, as well as monitoring the progress of the sector. Their key responsibilities include MSEs, public sector and private sector agencies, the organized labour movement, civil society organisations and international agencies such as; the European Union (EU), CARICOM Secretariat and the International Labour Organization (ILO).
The mission of the EDD is to promote entrepreneurship and foster a more enabling environment for entrepreneurs by developing policies aimed at improving the entrepreneurial climate and spurring economic activity through diversification.
The Enterprise Development Division was established and given responsibility for: