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SEDU Trains another Twenty-Five in Small Business Management

Contact: Julita Peter

Tuesday, January 29, 2002 – Another twenty-five persons have graduated from the Small Business Management programme jointly organised by the Small Business Development Unit in the Ministry of Commerce - SEDU, and the Sir Arthur Lewis Community College.

The graduands completed the 54-hour programme designed to expose practicing and prospective small entrepreneurs to the principles of small business management. The programme has been in existence for the past four years and to date over 350 persons have benefited from it.

Speaking on Monday, January 28, at the graduation exercise for the latest group of participants in the programme, Permanent Secretary in the Ministry of Commerce, Tourism, Investment and Consumer Affairs Cosmos Richardson said, “It is increasingly being recognized that the small businesses sector has a very important role to play in our economic development. SEDU, as the lead agency for implementing government’s policies in regard to this sector, has itself got to be strengthened in keeping with the new demands being placed upon it.”

In that regard, one of the major interventions of the Ministry’s programme this year is the transformation of SEDU into a Small Business Development Company. This would allow SEDU the flexibility that is needs to respond quicker to the needs of the small and micro business sector.

SEDU is a special unit within the Ministry of Commerce, which serves as a one-stop-shop for the development of the small business sector. It is a joint project of the Government of St. Lucia, the United Nations Development Programme (UNDP) and the Organization of Eastern Caribbean States (OECS).

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