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|Bahamas Announces New Venture Capital Fund|
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|Posted by:||Jun 13th 2005, 12:01:00 pm|
|Fig Tree News Team||The Bahamas Government has announced the establishment of a Venture Capital Fund, with an initial investment of $2 million, and has appointed a non-partisan Board to steer the project.
This Fund is intended to supplement and NOT replace the Bahamas Development Bank, or indeed the commercial Banks, for loan business. Clearly however, the small entrepreneur has been having difficulty accessing loan capital,and the Fund is intended to provide a vehicle for this type of potential applicant.
A list of businesses would include craftwork, leather manufacture, candle manufacture, small engine repair,wood carving, a variety of artistic ventures, small scale furniture,and so on.
Further information can be obtained by contacting Kayla Davis in the the local Administrator's office in Harbour Island (Alexander Flowers) 333 2275.
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