Stemming from the global COVID-19 outbreak, the Government of Belize announced a series of measures in response to this imminent threat, including proper hygiene and social distancing. Even though there are no confirmed cases of COVID-19 in Belize at this time, our team at BELTRAIDE is taking preventative measures to protect our employees and clients.Continue reading “BELTRAIDE COVID-19 RESPONSE: SERVING CLIENTS REMOTELY”
On March 3 – 4, 2020, the Belize Trade and Investment Development Service (BELTRAIDE), a statutory body under the Ministry of Economic Development, Petroleum, Investment, Trade and Commerce of the Government of Belize (GOB), were hosted at a two (2) day outbound Belize Business Mission in Tallahassee, the capital city of the state of Florida in the U.S. Belize and the state of Florida have long maintained bilateral commercial relationships in areas of trade, investment and enterprise development. Apart from serving as the primary port and airlift gateway for Belizean exports and travelers into the U.S., many members of the Belizean diaspora also currently reside within the state presenting several opportunities for greater commercial, educational and other exchanges in development.
For this reason, the mission was organized around the core objective of further assessing key points of partnership in trade and investment development with the state of Florida specifically, while promoting bilateral opportunities for market access and investment diversification. As a part of the visit, several meetings were held at the State Capitol with key members of the state’s legislature including members of the Senate and House of Representatives. The visit also included meetings with Florida’s Secretary of State, Laurel M. Lee, and Florida’s Lieutenant Governor, Jeanette Nuñez, in further discussing bilateral trade and investment engagements between Belize and the State of Florida. Furthermore, the mission included a meeting with Mr. Jamal Sowell, Secretary of Commerce and the CEO of Enterprise Florida, BELTRAIDE’s counterpart trade promotion and development agency.
The Belize delegation was led by Dr. Leroy Almendarez, Executive Director of BELTRAIDE and included Ms. Shahera McKoy, Manager of EXPORTBelize, and Mr. Hero Balani, Manager of BelizeINVEST Generation, units of BELTRAIDE. The mission was organized in collaboration with Mr. Michael D. Young, Executive Director of the Belize American Chamber of Commerce, as well as, Mr. Shawn Foster and Mr. Sam Wagoner of Sunrise Consulting Group in Florida. Several follow up actions are already underway including the potential organization of a follow-up mission from Florida to Belize from September 10 – 14, 2020.
BELTRAIDE, through its technical unit, EXPORTBelize hosted a“National Cluster Workshop” as part of the “Building Institutional Capacity for Strengthening Business Clusters” project implemented through financial support from Compete Caribbean.
The National Workshop, held on February 16th 2018 in Belize City, aimed to provide participants with insight into Compete Caribbean initiatives with the purpose of encouraging collaborative actions to improve the competitiveness of a sector or industry as well as to promote cross-sectoral linkages. The workshop sought to provide a framework to facilitating business clusters in Belize, consolidate the mapping of Business Support Organizations (BSOs), identify and assess potential and existing clusters and leverage resources of other BSO’s for cluster promotion.
Belize’s natural resources, pro-business investment climate, democratic stability, and incentives have led to steady growth in Foreign Direct Investments (FDI). The Government of Belize’s (GOB) strategic commitment to support the sustainable development of its priority industries, such as, Agriculture, Fisheries & Aquaculture, Offshore Outsourcing, Sustainable Energy, Logistics & Light Manufacturing, and Tourism, has contributed to a 17% increase of FDI inflows in 2016, when compared to 2015. Continue reading “Belize, Your Natural Niche”
BELTRAIDE, the nation’s leading business advising and entrepreneurial support entity, signed a Memorandum of Cooperation (MOC) with the Belize City Council on Thursday, June 8, 2017 at 2:00 pm at the Belize Training and Employment Centre in Belize City.
The aim of this Cooperation is to enhance and diversify economic activity in the municipality through a closer collaboration between BELTRAIDE and the City Council by providing efficient and seamless business development services to entrepreneurs and to micro, small and medium-sized enterprises (MSMEs) located in their respective jurisdiction.
BELTRAIDE’s Small Business Development Centre Belize (SBDCBelize) and Belize City Council’s Local Economic Development (LED) Unit will be the two respective units to carry out the work plan laid out under the MOC. The town’s Business Support Help Desk will work hand-in-hand with SBDCBelize to support local entrepreneurs and MSMEs by offering business guidance and development trainings. SBDCBelize will also provide mentorship and coaching to the Business Support Officer to ensure that local business community receives the best possible business development support.
SBDCBelize and in extension BELTRAIDE remains committed to developing the competitiveness of entrepreneurs and businesses by offering the best tools, business advising and training needed.