We are the main gateway for entrepreneurial and business development services in Grenada. We provide technical assistance, training, handholding support and execute projects to facilitate the start-up of potential entrepreneurs and assist existing Micro, Small and Medium sized Enterprises (MSMEs) to upgrade, expand and grow.
What we do
The Business Development Centre (BDC) of the Grenada Investment Development Corporation works to foster a spirit of entrepreneurship, encourage the start-up of new enterprises and facilitate the upgrade, growth and expansion of existing Micro, Small and Medium-sized Enterprises (MSMEs) in Grenada, Carriacou and Petite Martinique.
Entrepreneurship
We guide you in developing your business ideas, providing guided support through advise, counselling and business plan development.
Business Development
Interested in growing your business? Then let us assist you. From business name registration and incorporation, to business diagnostics, business plan development, proposal development, record keeping, costing & pricing, training and more.
Training
Invest in yourself and your business by participating in our workshops aimed at helping you upskill or enhance your capacity to successfully operate your business.
Grant Assistance
Access grant financing, once available, to start and operate your business.
Technical Assistance
MSMEs with the potential to upgrade, expand and grow can sign up to receive one-on-one assistance via our technical assistance programme. This programme is tailored to suit the specific needs of your business and can range from the development of your business plan to handholding support.
Our Business
Development Portfolio
Craft de
Spice
Craft De Spice is a creative workshop designing and producing personalized, chic, bold and fashion-forward clothing for men, women, and children from recyclable materials such as newspapers. The product line includes special occasion garments, professional wear, and personal protective wear.
The business is also involved in Makeup Artistry which involves consultation and application of bridal, special effects, and customized makeup. Craft De Spice was established in 2016 and is owned and managed by Rehana Warren (Model, Makeup Artist, and Designer) and Franc Roberts (Fashion Designer).
Our Business
Development Portfolio
Cronneits Forest Bows
Cronneit’s Forest Bows is an upscale gentlemen, ladies and pets fashion business designing and producing stylish, unique, high-end fashion wooden bow ties utilizing scrap wood and cloth materials procured from secondary schools, workshops, seamstresses, and tailors.
The business conceptualizes and produces a wide range of designs that are perfect for accessorizing outfits for any occasion such as parties, weddings, work, and casual events. The Designer and owner of the business, Denny Cronneit ensures that each design creates a bold yet classy and sophisticated fashion statement.
Our Business
Development Portfolio
Tambran by Tamara
The award-winning eco-jewelry and art-cessory brand, Tambran by Tamara is involved in the production of eco-jewelry such as earrings, necklaces, rings and accessories from recycled materials including plastic bottles and locally sourced materials such as tamarind, seeds, palm tree bark etc.
Its mission: to positively contribute to environment sustainability and to promote zero waste. The business recently expanded its product line to include the production of drying pouches and racks.
Tambran by Tamara is owned and operated by Designer and entrepreneur, Tamara Prosper.
Case Studies
Our Projects
Young Innovators Challenge
2016-2017 / 2018-2019
Funded initially by Digicel and other private sector partners, and later Expo Live-Expo Dubai 2020, this project was undertaken to promote innovation through entrepreneurship.
It helped to provide seed funding to young entrepreneurs with creative and innovative ideas, and to enhance and foster a spirit of entrepreneurship throughout Grenada, Carriacou, and Petite Martinique.
Craft Enhancement and
Business Planning Project
Funded by the OAS 2014, this project was implemented regionally in the islands of Jamaica, Dominica, St. Lucia, Grenada, St. Vincent, Antigua, and St. Kitts, and sought to strengthen the productive capacity of producers to diversity and improve the quality of crafts in the islands.
In Grenada, the project was implemented by GIDC, supported by the Grenada Bureau of Standards and the Ministry of Trade, and supervised by the Grenada Tourism Authority. Key achievements included the upskilling of 21 craft artisans in product development and entrepreneurial skills development. The artisans received individualized training to make their designs innovative.
MSME Economic Recovery
Grant Programme
The MSME Economic Recovery Grant programme which was funded by the UNDP, supervised by the Ministry of Finance, and implemented by the GIDC provided grant funding to existing enterprises negatively impacted by COVID-19 to undertake small projects/activities valued up to a maximum of EC$10,800.
The purpose of the programme was to assist the enterprises to transition business operations into online/digital/home safe deliveries.
Increasing the Value
Added to Nutmeg
Funded by the Caribbean Development Bank under its CARTFUND Programme 2013-2016.
The GIDC signed a grant agreement with the Caribbean Development Bank in 2013 under its Caribbean Aid for Trade and Regional Integration Trust Fund (CARTfund) programme to increase the production and export of value-added nutmeg products utilizing the pericarp.
The key milestones under this project included the formation of the Genesis Added Value Nutmeg Co-operative Society Limited, trained trainers and women agro-processors in the production of the products, facilitated the production, wholesale, and retail of 12 varieties of jams and jellies by the women agro-processors, developed a formulations manual, refurbished and equipped the Produce Chemist Laboratory as well as facilitated the access to local markets for the products.
News & Events
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Get in touch
We’re here whenever you need to help you make the best choices for your business.
Got a question or concern or want to schedule a meeting? Send us a message.
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