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We will reform government and establish a Ministry of
Economic Growth and Job Creation.
The new Ministry will ensure that investments are
rapidly facilitated to avoid government obstacles and
duplication or working at cross-purposes. This Ministry
will cultivate public-private partnerships, to bring
economic opportunities to life in the shortest possible
time. It will ensure the coordination of resources to
minimize red tape and maximize efficiencies.
In addition, we will foster collaboration across all
Ministries to ensure that where Government invests,
people see the returns.For example, where theMinistry
of Agriculture invests in improvements to markets, the
Ministry of Tourism can assist and promote these as
new destinations.
We will immediately restore the
benefits at the Junior Stock Market to
grow equity financing for start-up and
expansion of small to medium size
businesses. Small and medium-sized
enterprises (SMEs) form the most
stable base for job creation at the
community level.
We will reform the tax system.
This means leaving you with more of your income
to support your family. This means lower taxes and
a business-friendly tax system. We will again reduce
transfer taxes, stamp duties, and estate taxes. We will
get rid of P.A.Y.E. tax for everyone who earns a basic
salary of JA$1.5m or less. When workers take home
more money, they spend more. More spending means
more jobs.
We will fix Jamaica’s water infrastructure.
We will make strategic capital investments in water.
Jamaica is not short of water, this government
does not know how to manage it. The investment
in water will reduce the impact of drought on the
economy, and will also boost agriculture and
housing construction.
We will list on the Jamaica Stock Exchange several state-owned
enterprises such as the UDC and Factories Corporation.
These corporations have significant asset bases which can be properly
packaged and placed on the stock market with realistic investment
plans that would attract new capital and unleash the economic and
job creation potential latent in them.
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