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SEDC has performed very well in achieving its goal to increase the Turks and Caicos economic viability by becoming a leader
in building small businesses, entrepreneurial capacity and a supportive entrepreneurial climate. This project has achieved
the following to-date:-
- offered business planning and skills training to more than 300 clients across the Turks and Caicos
- conducted over 500 follow up visits
- increased our client database to more than 580 in the areas of agriculture, food processing, handicraft, manufacturing,
marine, tourism and other types of businesses.
- established three Small Business Associations comprising of clients of the Center
- established the Creative Hands Association to encourage the development of handicraft through the islands
- over 23 of our clients have obtained financing for start up or expansion of small businesses.
- Quarterly Extension Services
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Achievements
A Recent Training Course in
South Caicos
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Handicraft Weavers Training
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Our Staff Mr. David Olayisade and Ms. Sophia Gardiner
discussing with Mr. Darvil Handfield - the propriator
of Deep Creek Bottling Water in North Caicos
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Mrs. Grace Roberts discussing her finished
products with our Business Advisor, Mr.
David Olayisade during an extension
service in Grand Turk
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Being an integral part of this project implementation, SEDC staff periodically
conducts business planning and skills’ training as the need arises in all
the Islands. Such courses assist new entrants and existing businesses to
be better equipped at commencing their enterprises on solid foundation
and assisting in the management of the existing ones to operate
successfully and profitably. The latest of such skills training was done on
Budgeting and Money Management in South Caicos. The picture on the
right shows the participants at the training.
Follow up visits to businesses is undertaken periodically to ensure that
the new businesses that commence operation and the existing ones are
closely monitored in various areas of needed assistance. During such
visits, clients are assisted in areas relevant to their businesses. Some
common areas include store layout, supplies and purchases, relevant
information on government policies as related to small enterprises,
national insurance guidelines, information on new technologies plus
business opportunities that are available in the Islands due to the
development efforts of the government.
The graduates of our training programs are provided with
quarterly extension services at their various locations in the
Islands. The purpose of this exercise is to ensure that the
clients implement their business ideas appropriately. Such
visits enables the center to have first hand information on the
progress of the businesses.. During the exercise, existing
businesses are visited to assist in solving any problem
identified in the course of their operations while latest
information on the activities of the center are disseminated.
