More jobs from private sector investments – Prime minister

PM Skerrit

Prime Minister Roosevelt Skerrit has said that there has been promising investments within the private sector last year.

Skerrit, who addressed a press conference at the Ministry of Finance conference room Wednesday, said that a total of 204 jobs have been created within the sector, which is more than the targeted amount.

“We have seen promising investments from the private (sector). From January to December, Invest Dominica Authority approved concessions to 33 companies with the potential to create 196 jobs and an investment of $43.28 million. To date, actual investment has been $22.2 million, and the total number of jobs created is 204, surpassing the target of 196 for double the investment,” the prime minister said.

“Between January to April 2010, the Authority approved 17 applications for concessions with the potential to create 119 new jobs at an investment of $1.8 million,” the finance minister stated.

The head of government assured that his administration will continue to work with institutions like the AID Bank and give concessions to firms, as long as they are consistent with relevant legislation.

– Hermisha Rolle, Staff reporter

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    April 20, 2010


  2. Dubiqois
    April 16, 2010

    Hey manchat,

    No. It does not produce tourism, but it creates the means for tourist based economy. As such, it must produce the infastructure (tangible and intangible) to generate the revenue that would support the GDP – which is a measure of our economic output. You have to look at it as a product of output. The product approach is the most important measurement of GDP, because it sums the output of every class of enterprise. Think of it as “soft” and “hard” money when you run a company. Both of them are accounted for in the balance sheet.

    • Manchat!
      April 16, 2010

      Thanks…..But wait a minute Sir,hold on..,The word is “Infrastructure”,which is:basic installations and facilities,such as roads,power plants,transportation and communications systems,etc.( i smiled when i noticed you put tangible and intangibles in brackets besides Infrastructure….I take it that”s what you meant ,right?…(not infastructure)……Anyway look here Sir,I don’t think you can say, produce infrastructure…………….It is however very important in the development of a Country. That must be in place.Then we can talk about Economic growth,and Economic development…..And yes i agree with you it will help your Tourist industry, and thereby attract Investors. Investment is also very important.
      Don’t get me wrong Sir,i see your reasoning and get your point. I admire your eloquence.
      But one of the obligations of Govt. is to facilitate the creation of opportunities for its people and Country.
      All men are created equal.They are endowed by the Creator with inalienable rights among them are the Right to LIFE,LIBERTY and the Pursuit of HAPPINESS.And it is to secure these Rights that Govt. are instituted among men.This is the primary purpose for which Govt. exist.
      Dominica must start producing if it wants to be competitive.and opportunities must be created for its people.
      Sir can you please tell me what the National Debt of Dominica is,and by how much it has grown in the last 5yrs…
      Thank you, and Peace Profound!.

  3. Only God Knows
    April 15, 2010

    Why Oh Why can’t the government cannot just take a leaf out of the books of the other island nations like St. Kitts and Barbados and tell it like it is….Jobs have been created within the private sector and public sector yet workers at the Public Works Department have to renegotiate for their jobs of how many years.

    Whilst it is all good to give them their praises but what exactly are we giving them flowers for? It is not seen or felt or in any way reflected in the shops or the service centres around Dominica. I don’t see it reflecting on my pay cheque nor at the checkout at whitchurches even so the items on the shelves have gotten more expensive.

    This island isn’t about the Prime Minister it is all about the people who make it what is. Without the rest of the country the PM job is useless.

    We are only now hearing that the these things are happening because they were cornered about it. When the good things are happening let the rest us in on it tooo….we pay taxes as well you know?!?

    • NIKE
      April 15, 2010

      All Dominicans have jobs. Whats the complain about. Most of us all we need is a computer to criticize everything and everybody even ourselves and a bottle of water to drink when we thirsty. We will not even get up to refill the bottle when it empty because we will miss an opportunity to insult somebody and bring the country down. so we kool. thats the work some of us take most seriously. The rest of us struggle as public officers and self employed for love of country.

      • OLEDAAGG
        April 16, 2010

        Nike…..Yr response is by FAR the BESTTTTT EVERRRRR left on this board….wish I could copy and paste for ALLLl the other to articles on DNO

      • RICK ROSS
        April 16, 2010

        Best DNO response. Commentators copy and paste this as much as your heart desire.

  4. Dubiqois
    April 15, 2010

    My previous comments are applicable here…

    Although I applaud the PM for his attempts to stimulate economic growth, I wonder how our economy will continue to sustain the potential for jobs when our debt burden has leveled off at 85% of GDP. We had a GDP growth of 1.1% in 2009 ( some will say it was close to 3%, but that is not true). That is expected to grow slightly in 2010. If you really look into it, you will see that our expenditures have outpaced our revenues for the past years. Also, we must not forget our debt to revenue ratio. The PM is taking steps to avoid the type of economic stagnation that covered us for the decades prior to 2006, but he also needs to addressed our debt. We must reduce the debt – particularly, external debt. If not, the whole thing will be counter-productive and cyclical. You give with one hand. You take it back with the other.

    Somewhat ambitious? Yes. However, if our production base ( Offshoring, tourism, agriculture, manufacturing, etc) does not generate the revenue necessary to sustain what has been promised, then the promises will remain what they are.

    It is in our best interest to pray that the economic restructuring and programs being put in place actually work. If not, we will have to raise property tax on all west coast residents once the west cost road has been completed…..just kidding.

    • Manchat!
      April 16, 2010

      Can somebody please tell me what the National debt of Dominica is?
      and how much has it grown in the last 5yrs.?………And oh my, i never knew that Tourism and Offshore came under “production of a Country…..So wait a minute; Dominica produce Tourism and Offshore?…………..Nice!!!!!.

  5. April 15, 2010

    The Prime Minister is a hard working young man, at least encourage and support him. Very Good Job, I am not feeling the strain an in the right direstion.ymore Dominica ismoving

  6. 4ALL2C
    April 15, 2010

    … Skerro again playing on his people ignorance……While they are approving comapanies he cannot name — … and many more we can go on and on —in the next 100 dys it willbe the same crap—-while private sector is closing dwon..only the chinese making it because they dumping crap on the market competing with the local shops—SKERRO IS A JOKE!!1
    What about our $80million for Layou River Hotel? What about employment in the stadium; what about the 3 pilar project? The road project No Dominicans working…what BS is this–

    • dor
      April 15, 2010

      So what agree with you!! As long you yourself not playing politics!!

  7. April 15, 2010

    Some people hate to hear good things happening…Know they cannot do better…let em talk.

  8. Pitiful...
    April 15, 2010


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