Thursday 23 May, 2019

Scotiabank gives $9 million towards JAMPRO’s Export Max III

(Seated, L-R) JAMPRO President, Diane Edwards and Audrey Tugwell Henry, EVP, Retail Banking, Caribbean North & Central at Scotiabank happily sign an agreement confirming the banking's J 9 million commitment to JAMPRO, JBDC, and JMEA's export development initiative, Export Max III.  They are joined by Ricardo Durrant, Manager, Sales and Promotion Support Unit at JAMPRO.

(Seated, L-R) JAMPRO President, Diane Edwards and Audrey Tugwell Henry, EVP, Retail Banking, Caribbean North & Central at Scotiabank happily sign an agreement confirming the banking's J 9 million commitment to JAMPRO, JBDC, and JMEA's export development initiative, Export Max III. They are joined by Ricardo Durrant, Manager, Sales and Promotion Support Unit at JAMPRO.

Scotiabank has committed $9 million in sponsorship to Export Max III, the flagship export development programme spearheaded by JAMPRO.

ExportMaxIII will provide 50 exporters and export-ready firms with intensive capacity building and market penetration support over a three-year period, enabling them to be competitively positioned to take advantage of new market opportunities.
 
The official signing of the partnership took place recently at the JAMPRO headquarters with Scotiabank Jamaica’s Executive Vice President Retail, Audrey Tugwell Henry and JAMPRO President, Diane Edwards. 

“Scotiabank is very pleased to partner with JAMPRO on the Export MaxIII programme. Small business is an important sector for the bank, and growing our exports is critical for the economy and for Jamaica”, Tugwell Henry said.

The 50 companies selected will be producers or distributors of Jamaican-made products and services in the areas of agriculture, manufacturing, education, technology and music.

During the duration of the programme, they will be exposed to training in various management components that should enhance their productivity, sales and revenue, and better position them to be able to access credit facilities. 

JAMPRO President, Diane Edwards, lauded the support of Scotiabank saying “Scotiabank has been a great supporter of this programme and we welcome their participation. We need our banks to be attentive and responsive to the needs of the small business community, the engine which will take our country to new growth levels”. 

ExportMax, one of the signature programmes that JAMPRO operates and manages, is now in its third iteration and according to Edwards, the hope is that “we will continue to see the really impressive results we are able to achieve in ExportMaxII and ExportMaxI”. 

This partnership with JAMPRO is one of a number of partnerships that affords Scotiabank the opportunity to assist businesses to enhance their growth and ultimately contribute to Jamaica’s economic progress. 

The bank also recently announced a special 9.9 per cent rate for Small and Medium businesses, and later this month will open registration for the 2019 cohort of the highly successful 17-week capacity building, small business programme, Scotiabank Vision Achiever.

Export Max is also facilitated by the Jamaica Business Development Corporation (JBDC) and Jamaica Manufacturers and Exporters Association (JMEA).
 

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