BELTRAIDE Partners with University of Belize Print E-mail
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Written by Shane D. Williams   
Thursday, 24 April 2014 00:00

beltraide and ub.jpg - 46.87 KbOn Thursday, April 17th, the Belize Trade and Investment Development Service (BELTRAIDE) signed a Memorandum of Understanding with the University of Belize as part of its efforts to promote entrepreneurship in the minds of young Belizeans.

Mike Singh, Chief Executive Officer in the Ministry of Trade, Investment Promotion, Private Sector Development and Consumer Protection, signed on behalf of BELTRAIDE. During a short briefing with the press, Singh spoke of many ideas he has for the partnership with the University. He told Dr. Vincent Palacio, Dean of the Faculty of Management and Social Sciences, that he sees the department as a very important one for the development of Belize. Singh says with the help of BELTRAIDE the University of Belize will be seen as a business center – the place to train for anyone with business aspirations.

There is a long term plan for business development in the partnership between BELTRAIDE and UB but the immediate focus is solely on entrepreneurship. Singh says, “If I get one young entrepreneur to develop a small business and he hires 10 people; 5 might be other graduates so the good thing about it is it's really an exponential increase in being able to not only give them an opportunity but to expand the employment opportunities throughout.” He says it is all part of Government’s plans for job creation. Singh says, “One of the areas this Government has really excelled in is job creation. However, most of these are on infrastructure projects which is Government spending.” Singh says such job programs are unsustainable; therefore, it is important to focus on expanding the entrepreneurial pool so the private sector grows and lead the charge on job creation.

Harrison Pilgrim, Chairman of the Board of Trustees at the University of Belize, echoed Singh’s statements about the importance of such a partnership for the development of Belize. Pilgrim says, “We will be developing young minds and will be training young entrepreneurs and that will auger well for the development of Belize." He says the MOU with BELTRAIDE is not just about a partnership with UB because the goal is that “this partnership yields benefits for the people of Belize and so it is not a partnership with BELTRAIDE for the benefit of the university but for the benefit of all Belizeans.”

BELTRAIDE has the Office of its Small Business Development Center located at the University of Belize’s West Landivar Business Campus. Singh says, “We are now going to be having discussions in respect to putting a permanent building on the campus and staff it with our own people."  

Last Updated on Thursday, 24 April 2014 12:56