Small Business the Engine for Economic Expansion

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Christopher Sinckler, Minister of Finance and Economic Affairs, shares a light moment with Managing Director of Total Property Management Services,??Ewald Mullin at the launch of Total Property Management Services at Almond Bay, Hastings, Christ Church, earlier this week. (A.Miller/BGIS)??

As the economic recessions continues to deepen, Minister of Finance and Economic Affairs. Christopher Sinckler, is calling for an expansion of the small and micro enterprises sectors to propel the country’s future economic growth.

He made this suggestion recently during the launch of Total Property Management Services at Almond Bay Hastings, Christ Church.

Underscoring the critical role of the small business sector, Mr. Sinckler stressed: "That is where the action is going to be… [Small businesses] will innovate and continue to produce many new products and services for us.?? But, at the end of the day, the generation of new jobs and new and exciting ideas will really come from small businesses and from individuals who take risks."

The Minister of Finance also said the services being offered by the company would provide a critical service in "an extremely important area of economic and social development in Barbados".

"The construction and property management sectors are important for us because it suggests to the world, at varying levels, that we are beginning to move from what we consider ourselves to be a small open developing economy to a small developed economy as we move forward. We have set extremely high standards in the construction and maintenance of buildings and properties across the landscape of this island," Mr. Sinckler affirmed.

He added that Total Property Management Services would give Barbadians at home and in the wider diaspora an additional option from which to choose from to ensure that their investments were properly managed.

Managing Director of the company, Ewald Mullin, said its services included property management; project management, general maintenance, evaluations, home and building inspections.

julie.carrington@barbados.gov.bb

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