Thursday 2 July, 2020

Investors and Exporters happy with Jampro - 93% of clients satisfied

Jampro chairman Don Wehby

Jampro chairman Don Wehby

Jampro’s Chairman, Senator Don Wehby, has said that 93 per cent of the agency’s clients are happy with its services.

Wehby made the comments while announcing Jampro’s achievements for the 2018-2019 fiscal year, where the agency recorded 16,540 new jobs created; US$646.5 million in capital expenditure for Jampro facilitated projects and US$ 837.5 million in export sales.

The chairman said that of the 132 clients that were surveyed, the majority were impressed with Jampro’s services and the quality of the agency’s team.

This group included investors, overseas buyers, and exporters who have used the agency’s services in the past financial year. These services include investment facilitation, B2B matchmaking and business facilitation and market penetration support.

In addition to this positive result, of the $646.5 million in investment dollars facilitated by Jampro, US$226.9 million came from local investment projects including Lasco Manufacturing, Jewels Palmyra Resort, Kingston Wharves, Stanley Motta, GK Foods, and other companies. This represented at least 35 per cent of investment projects facilitated by the agency, suggesting local confidence in investing in the Jamaican economy.

The Jampro chairman said that this performance is a reflection of the agency’s three-year strategic plan, which included a more results-oriented approach and renewed focus on Jamaica’s economic development goals, including increasing local investment in large projects.

The strategy placed the spotlight on the use of flagship initiatives to boost exports and investments, the consolidation of marketing efforts to increase lead generation and a renewed focus on project implementation; which is critical to finalizing investment projects and attracting investors.

With this approach, Jampro said it is bearing fruit, exceeding all its performance targets and increasing client satisfaction.

For investments, logistics, tourism, energy and information technology-enabled services had the most dollars spent in the economy, while information technology-enabled services (outsourcing), film, animation and music, and energy created the most jobs. Manufacturing recorded the largest number of exports facilitated by the agency in the last financial year.

Senator Wehby said the results provided strong evidence that Jamaican and other investors are excited about doing business in Jamaica, which is a positive sign for the country’s overall economic growth.

He noted, “By sticking to our original growth strategy and continued innovation by the Jampro team, the agency has achieved over 100 per cent of the investment and jobs targets, and a 157 per cent achievement of the export sales target, which is crucial to developing our manufacturing sector. These achievements confirm

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