Invest Turks and Caicos Launches Business Support Unit to Empower Entrepreneurs and Small Businesses

Providenciales, Turks and Caicos Islands, July 17th, 2023 – Invest Turks and Caicos is thrilled to announce the official opening of its highly anticipated Business Support Unit (BSU). The inauguration ceremony and open house took place on July 17th at the Courtyard Plaza in Providenciales, marking a significant milestone in the island’s business development landscape.

The event drew a range of audiences, including BSU clients, MSME Programme recipients, business community members, Taxi Association representatives, the Department of Trade, Turks and Caicos Hotel and Tourism Association, and the dedicated staff of Invest TCI.

As an integral part of Invest TCI, the newly launched BSU is committed to providing comprehensive support and training to entrepreneurs and small businesses. With a team of highly professional Business Advisors, the BSU caters to existing businesses, pre-venture clients, and innovative entrepreneurs, offering services characterized by integrity, confidentiality, quality, and timeliness.

Over the past seven months, the BSU has already made a remarkable impact, empowering seventy individuals through its face-to-face training program. These training workshops were conducted on the islands of Providenciales, Grand Turk, and South Caicos, with a primary focus on addressing the crucial challenges entrepreneurs face, particularly in financial management.

Furthermore, the BSU has forged a strategic partnership with Udemy Business, a renowned e-learning platform, to provide three hundred tailored courses that address the skill gap challenges often encountered by entrepreneurs. By harnessing the power of technology, the BSU aims to equip business owners with the necessary skills and knowledge to thrive in today’s competitive landscape.

Recognizing the importance of specialized expertise, the BSU has also registered twelve service providers in key business areas such as Accounting, Marketing, and Business Planning. These professionals will be readily available to offer their expertise and guidance to BSU clients, ensuring they receive comprehensive support across various business functions.

In expressing her enthusiasm for the opening of the BSU, the Director of the Business Support Unit, Anissa Adderley, stated, “We are delighted that the Business Support Unit has officially opened. We are ready and eager to serve the business community. We look forward to working with businesses to ensure they maximize their potential and succeed. The BSU aims to improve the environment that allows businesses to flourish and foster a culture of entrepreneurship and innovation. We encourage all businesses to take advantage of the services provided by the BSU, namely, Business Planning, Training, Counselling, Administrative Services, and MSME Programme Recipient Support. Let us help you take your business to the next level.”

The CEO of Invest Turks and Caicos, Angela Musgrove, also shared her excitement about the launch, stating, “The opening of the Business Support Unit marks a significant milestone in our ongoing efforts to foster a vibrant and thriving business community in the Turks and Caicos Islands. We are committed to providing entrepreneurs and small businesses with the necessary tools, resources, and support they need to succeed. The BSU represents our dedication to nurturing a culture of entrepreneurship, innovation, and sustainable growth. We encourage businesses to engage with the BSU and leverage its wide range of services to unlock their full potential and drive economic prosperity for our islands.”

Invest Turks and Caicos invites entrepreneurs, small businesses, and aspiring business owners to leverage the comprehensive support offered by the Business Support Unit. With its range of services and specialized support for MSME Programme recipients, the BSU is well-equipped to guide businesses toward sustainable growth and success.

For more information about the Business Support Unit and the services provided, please visit www.investturksandcaicos.tc or contact the BSU directly at bsu@investturksandcaicos.tc or (649) 338-4787.

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About Invest Turks and Caicos

Invest Turks and Caicos is the Islands’ Investment Promotion Agency, responsible for enhancing the economy through the attraction, growth and retention of overseas investment; and supporting the growth of local businesses.

We provide a free and confidential service to overseas businesses looking to expand and will work with a company project team throughout the investment process, providing advice and support. This can include:

• Information on the local business climate;
• facilitating contact with relevant Government Departments throughout the investment process;
• advice on Government incentives and concessions to investors;
• introductions to local service providers/suppliers;
• advice on work permits and permanent residency procedures;
• ongoing support following set up.

We also work actively to support local businesses’ growth, including managing and delivering the Micro Small and Medium Enterprise programme, which provides concessions and relief to locally owned businesses.