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      B U S I N E S S  Last updated: Wednesday, November 12th, 2008 12:00pm EST

Philadelphia Businessmen Seek Investment Opportunities in Jamaica?
Wednesday, November 12th, 2008
Mayor of Philadelphia, Michael Nutter (2nd left) shares a light moment with, from left: Jamaica's Honorary Consul to that city, Dr. Alston Mead; President of the Jamaica Trade Council of Greater Philadelphia (JTCGP), Dr. Harold Mignott; and President & Chief Executive Officer of the Philadelphia Tribune, Robert Bogle, at the (JTCGP) Investment Seminar entitled: 'Our Global Market: A Return on Investment', at the Pyramid Club in downtown Philadelphia on October 23.

Mayor of Philadelphia, Michael Nutter (2nd left) shares a light moment with, from left: Jamaica's Honorary Consul to that city, Dr. Alston Mead; President of the Jamaica Trade Council of Greater Philadelphia (JTCGP), Dr. Harold Mignott; and President & Chief Executive Officer of the Philadelphia Tribune, Robert Bogle, at the (JTCGP) Investment Seminar entitled: 'Our Global Market: A Return on Investment', at the Pyramid Club in downtown Philadelphia on October 23.

Photo by: Derrick A. Scott

A high-level delegation, comprising of 30 businessmen from Philadelphia, Pennsylvania in the United States, will visit Jamaica within the next four months, to explore prospects for business opportunities.

The delegation is expected to pursue possibilities and engage stakeholders in the areas of agriculture, tourism, real estate, export mining, and alternative energy.

The proposed visit arises out of an investment seminar, entitled: 'Our Global Market: A Return on Investment', organised by the Jamaica Trade Council of Greater Philadelphia (JTCGP), at the Pyramid Club in that city, on October 23.

Addressing the seminar, Philadelphia's Mayor, Michael Nutter, noted the trading relationship which the city has with Jamaica, which, he points out, "dates back to the eighteenth century", adding that "there's no reason why we cannot strengthen this relationship, so that both Philadelphia and Jamaica benefit".

The Mayor disclosed that just over US$70 million worth of goods were imported from Jamaica in 2007, representing a 39 per cent increase over 2006. Goods and products imported, he advised, include: beverages, spirits, vegetables, fruits and nuts.

In his remarks, Jamaica's Honorary Counsel to Philadelphia, Dr. Alston Mead, informed the over 70 businessmen attending the seminar, of the wide range of business opportunities available in Jamaica, adding that the Government is doing everything to facilitate investments by overseas interests.

President of the JTCGP, Dr. Harold Mignott, said the seminar aimed to establish a clear, substantial path for facilitating new investment opportunities between Jamaica and Philadelphia.

"I'm excited that the delegation will be visiting Jamaica within the next four months, and there is no doubt that Jamaica will benefit from this visit," he stated.


Derrick A. Scott
JIS Washington DC

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