Thursday, March 31, 2016
By NEIL HARTNELL
Tribune Business Editor
nhartnell@tribunemedia.net
Small business owners were yesterday said to be pushing for a march on Parliament, given that long-promised legislation to support and grow the sector was “collecting dust” within the Government.
Mark A. Turnquest, a well-known small business consultant, told Tribune Business that he had been approached by at least 45 entrepreneurs to organise such a protest - something that was “the last thing” he wants to do.
He added that, as a result, he was making “a last, last clarion call” for the Government to bring the Small and Medium-Sized Business Development Bill to Parliament - a legislative initiative that has spanned two administrations and is yet to close.
“The Bill right now is at the Ministry of Finance collecting dust,” Mr Turnquest told Tribune Business. “We can’t be going on without the Small Business Bill.
“Right now, the small business community is unhappy. They come to me every day and say something needs to be done. They don’t see the quality attention being paid to the that they deserve.”
Mr Turnquest said struggling small business owners had already seen the web shop industry and other sectors receive the legislative support they needed, but it appeared that the Government was ignoring their needs.
This was despite formal consultation on the Small and Medium-Sized Business Development Bill having concluded two years ago, with final recommendations submitted to the Government at the same time.
In the last update obtained by Tribune Business on the Bill’s status, Khaalis Rolle, the minister of state for investments, said the Government was seeking to ‘marry’ it with the proposed National Development Plan (NDP)and ensure the two did not conflict.
Mr Turnquest, though, said he had been “highly disappointed” when he met with Dr Nicola Virgill-Rolle, the Plan’s chief architect, and her team as requested by Mr Rolle.
He revealed that Dr Virgill-Rolle appeared unaware that a draft Bill had been prepared, and instead showed him a framework model for a small business development agency that had been brought back from the US.
“She didn’t know a document had been formulated for a Small and Medium-Sized Business Development Bill,” Mr Turnquest told Tribune Business.
“I was highly disappointed after Khaalis told me to meet with them. They didn’t even know there was a complete recommendation for a Small and Medium-Sized Business Development Bill. They didn’t event know there was a Bill out.
“They showed me a small business agency from the US. They didn’t even know of what we’d done over the years. They were trying to reinvent the wheel.”
Mr Turnquest said he understood the National Development Plan (NDP) team were now trying to secure a copy of the last version of the Bill from the Ministry of Finance.
“They’re starting from scratch,” he added. “There was minimal communication and some serious confusion in that Department.”
Mr Turnquest added that he had been approached by a group of business owners to organise, and lead, a march on Parliament to highlight the sector’s frustration and plight.
“I don’t want to do it,” he told this newspaper. “I want to give the Christie administration one last chance. I don’t want it to get to that level. I really want Michael Halkitis, Khaalis Rolle and Nicola Virgill-Rolle to come forward and close on this now.
“It really can’t comprehend why it’s taken so long to get a simple Bill out, and let the chips fall where they may. It’s too ad hoc.
“We have an ad hoc small business development strategy. We do things on the fly. This is a last, last clarion call for the Small and Medium-Sized Business Development Bill.”
Mr Turnquest explained that in the Bill’s absence, the Bahamas lacked a true definition of what a small business is. He explained that this not only served as an impediment to the sector accessing grant funding from overseas organisations, but also inhibited Bahamas-based companies when it came to strategy development.
Mr Turnquest said both the Bahamas Telecommunications Company (BTC) and the Bahamas International Securities Exchange (BISX) had contacted him recently to obtain a firm definition of the characteristics that distinguish small firms from their larger counterparts.
BISX wanted this to help develop its small business listing tier initiative, while BTC wanted to better understand the market, but Mr Turnquest said there was nothing available to assist them in the Bahamian context.
Comments
asiseeit says...
It is time to hold this criminal government ACCOUNTABLE!
Posted 31 March 2016, 5:02 p.m. Suggest removal
sheeprunner12 says...
Go and protest where it counts ........... at the Bahamar IDB conference
Posted 31 March 2016, 7:34 p.m. Suggest removal
MonkeeDoo says...
Sheeprunner you are right on bro. Lets go and say it LOUD !
Posted 31 March 2016, 10:31 p.m. Suggest removal
John says...
Weather it was intentional or not, this government has done more over the past four years to lead to the destruction and demise of more small and medium businesses than any other government in the history of this country And this is ***not*** a political statement. It is pure, cold hard facts. When the present government came to office, more than half the small and medium businesses were being or had been effected by the road works that were going on in New Providence. Besides that, the world was experiencing recession and near depression and economic conditions that the world had never experienced before. In fact these conditions are more long lasting than a recession and are, in fact still in effect today, some 8-9 years after they started. But the government came in and piled on tax after tax on local businesses, regulation after regulation, penalty after penalty. Most local businesses will tell you that the first three months of 2016, have been the worst in recent times. Sales are down by as much as 50%. Now while they sit in the halls of parliament and brag, yes brag, about how much money VAT has raped (not reaped) in the first year, they average Bahamian business is sitting with barely a shirt on. One business man summed it up this way; 'They are trying to make criminals out of us. It is virtually impossible to meet all the demands this government has put on us and stay in business." Government claimed they were broke and needed the money. Rather than grow the economy, they chose to tax their way out of a bad situation. This will eventually make a bad situation even worse. Very much worse. Another business owner was overheard in the bank saying that he was so far behind on property taxes, national insurance and other fees due the government, that he did not know how he was going to get his business license. This is reality. This is Bahamians who have been in business 20-30-40 years..all their adult lives now at the end of the desperation rope...and no help and hope is coming from this government. You don't have to believe this story. Just ride through Bain and Grants town and see how all, yes all the mom and pop stores have closed. Go in areas like Wulff Road and Soldier Road and Fox Hill Road and count the number of emptry stores and the number of "For Rent" signs. Go to Freeport or any other Family Island and see the same thing. The bread basket of the Bahamian economy has been wrecked, yet we wonder why it was and is so difficult for Bah Mar to open. Is the second same mistake being made at "The Pointe"? Who are the workers hidden behind the green curtain while Bahamians sit idle. Why have Bahamians been denied access to Cabbage Beach? Time to take our country back!
Posted 3 April 2016, 10:15 a.m. Suggest removal
sheeprunner12 says...
............ but John........ I was beginning to believe you were pro-PLP???? What happened??????........... you got a peek inside the political trash bin??
Posted 3 April 2016, 4:45 p.m. Suggest removal
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