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small and medium enterprises

Importance of a Business Plan – SBDCBelize, BELTRAIDE


Too many people don’t bother to write a business plan because they think it’s too hard or unnecessary unless you’re looking for funding, that’s a shame. These myths keep a lot of people from the benefits of planning.

If you’re still skeptical, here are 10 benefits to business planning you shouldn’t be overlooking:

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Continue reading “Importance of a Business Plan – SBDCBelize, BELTRAIDE”

INSTITUTE OF CREATIVE ARTS PRESENTS THE FIRST EVER CREATIVE VILLAGE AT EXPO 2012


As a continuation to the Artists in Development Program the National Institute of Culture and History through the Institute of Creative Arts (ICA) is partnering with the Music Industry of Belize and the Belize Chamber of Commerce to create a space at the 2012 Expo, where they will allow Belizean Artists to showcase their works of art and connect with the community.

In order for this to be a success ICA is looking for artists, cultural workers and associations, to showcase their creative designs, products and services at the ICA Creative Village.

Interested Applicants Must:

  • Fall into either the Jewelry, fashion design, visual art, music, record label/ studios,  or creative associations.
  • Have at least one reference of authenticity in regards to their works, or have a registered creative business or be member of a registered art association.

A registration fee of $60.00 is charged, and it will provide artists with a 10*10 booth space, 1 table, 2 chairs, lunch for both days and 1 mannequin (if needed).

Submission of Application Form

Interested participants must complete an application form, which can be found in the link at the bottom of the page. Along with the form, they are required to:

  1.  Include a portfolio including pictures or sketches of the pieces that will be exhibited.
  2. Include Business Cards or brochures with contact information.
  3. Have an assistant who will be responsible for the bookings of orders, as well as answer any questions about the products.
  4. Fashion designers will also be responsible to submit 1 model of their choice along with their measurements.

Click here for the application form.

Need More Information, feel free to click here.

Micro Small and Medium Enterprises (MSME) Policy and Strategy for Belize


It is recognised that Micro Small and Medium Enterprises (MSMEs) represent a significant share of economic activity in Belize; however, there is no specific legislation providing fiscal and operational benefits to this sector. BELTRAIDE through funding from the CARICOM Development Fund (CDF), has completed a Draft MSME Policy and Strategy for Belize to support the development of this key sector. The policy was developed to reflect best practices regionally and internationally, as well as to identify the needs of the sector and analyze Belize’s business environment.  After completing national consultations with both private and public stakeholders, this policy has now transformed into reality.

The National MSME Policy and Strategy encompasses definitional, legislative and regulatory framework, increase flow of capital, enhance market access and competitiveness, and education and training. Additionally, it includes the overarching goals of the policy, and recommendations, as well as outlines Government’s support and commitment to programs aimed at SME development.

To facilitate the growth and development of MSMEs, the Policy and Strategy proposes programs to improve competitiveness, to facilitate access to larger markets, to allow access to affordable Micro-finance with minimal cost of forming a business, as well as to foster entrepreneurial development and build personal, technical and management skills.

The promotion of MSMEs will improve the competitiveness of the Belizean economy, generate additional employment, and improve the quality and range of goods and services available in the local and international markets.

In order to be passed as the National MSMEs policy and strategy, the Government of Belize (GOB) has to endorse it. The final document of the policy and strategy will be presented to Cabinet in the upcoming cabinet meeting.

In order to obtain a copy of the MSME Policy and Strategy, please feel free to contact BELTRAIDE.

BELTRAIDE Participated in Belize Tourism Board’s Village Expo 2012


Belize Trade and Investment Development Service participated in the first ever village expo held on Saturday May 6, 2012, at the Princess Hotel and Casino Kings Room. They were eighty five micro, small and medium enterprises (MSMEs) displaying the variety of products and services that they proffer the Belizean market.

At BELTRAIDE’s booth, information was given regarding the procedures to establish a business, the incentives offered to investors, along with the policies in place to guide business decisions, and the other services that we here at Beltraide have to offer. It must be highlighted that many of our locals and tourists visited our booth.  Continue reading “BELTRAIDE Participated in Belize Tourism Board’s Village Expo 2012”

Technical Assistance Workshop on Logistics for Small & Medium Sized Enterprises (SMEs) of Belize


The Belize Trade and Investment Development Service (BELTRAIDE) in collaboration with the Inter-American Investment Corporation (IIC), and Scotia Bank of Belize, is facilitating a Technical Assistance (TA) workshop, on logistics as part of our commitment to develop and enhance the export capacity and competiveness of SMEs in Belize. It will be held at the Belize Chamber of Commerce & Industry (BCCI) conference room, 4792 Coney Drive, Belize City, on February 29th to March 1st 2012 starting at 8:30am.

IIC has developed the FINPYME Program (Innovative Financing for Small and Medium Enterprises (SMEs)) as a diagnostic tool for SMEs; intended to help them improve their competiveness and facilitate their access to potential sources of financing. Phase 1 of this program was launched in 2009, whereby thirteen (13) companies were examined to assess their competitiveness which was conducted by Belizean consultants.  Phase 2 of this program is the Group Technical Assistance workshops with the continued objective of enhancing their competiveness.

The Logistics Technical Assistance workshop will include topics such as:

Shipping requirements and procedures,

Modes of transportation,

Shipping routes,

Frequencies and costs,

Insurance,

Supporting infrastructures,

Regulatory bodies,

Inventory management,

Role of Government & supporting agencies, and

Trends and future development including case studies.

For more information, please do not hesitate to contact:

Belize Trade and Investment Development Service (Beltraide)

14 Orchid Garden St., City of Belmopan, Cayo District, Belize

Tel: 501-822-3607

Fax: 501-822-0595

Email: beltraide@belizeinvest.org.bz

nilda@belizeinvest.org.bz

Web Address: www.belizeinvest.org.bz

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