Holness Says Junior Stock Exchange Will Help With Job Creation, Economic Growth

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Prime Minister Andrew Holness says the continuation of the Junior Stock Market will help with economic growth and job creation.

He made the statement as he formally announced today that the tax incentives for companies listing on the junior market will continue.

The benefits were set to expire yesterday.

Speaking at a Private Sector Organisation of Jamaica President’s Forum on Tuesday, Minister of Finance, Audley Shaw, indicated that he had given instructions to maintain the Junior Stock Exchange, effective April 1.

In a statement this afternoon, Prime Minister Holness said the government was committed to the Junior Stock Exchange.

According to him, since its inception in 2009 the exchange has contributed significantly to economic growth.

He congratulated business operators who have enlisted on the Junior Stock Market and expressed gratitude for their continued partnership.

The junior market was set up to encourage and facilitate the development of smaller companies, particularly newer enterprises, by enabling them to raise equity.

General Manager of the Jamaica Stock Exchange, Marlene Street-Forrest, has thanked Prime Minister Holness for restoring the original incentives for the junior exchange.

She was responding to the announcement on behalf of the members of the Junior Stock Market.

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