BIDC - Supporting Manufacturers and Building Back Better

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Wednesday, April 21, 2021

The Barbados Investment & Development Corporation (BIDC) is a solutions-oriented organisation with a range of services and support programmes designed to help businesses thrive at every phase of development. Throughout the Covid-19 pandemic, the BIDC has been an invaluable resource, service provider and facilitator for Barbadian entrepreneurs and their business needs. The Corporation adapted its strategic and programme solutions, practiced goodwill and good corporate citizenship while offering additional services and benefits to clients, tailored for the times. Following the 2020 lockdown, the Corporation put measures in place to better facilitate virtual and remote working and communications. As a result of that preparation, its staff have continued to serve the public and administer services through this period.

Urgent Response

Critical responses to BIDC client and Barbados entrepreneurial and industrial needs included the following:

  • Survey of companies to determine the impact of COVID-19 and the assistance required
  • Rent amnesty and Covid-19 rental discounts to offer critical assistance to help tenant businesses survive
  • Debt discounts and the write off of bad debts to offer grace to challenged businesses
  • Features and promotions on innovative businesses, especially those that were offering specialized services or solutions in response to the pandemic
  • Workshops and social media promotions to help clients and local businesses pivot and to promote entrepreneurship
  • The development, promotion and introduction of “Create”, an initiative focused on new product development education, support and facilitation
  • Development of Bloom, a cleantech cluster and incubator facility, along with business development services and a “Cleantech Futures” business promotion series relative to Bloom Cleantech Cluster.*

*BLOOM is hosted by the Barbados Investment & Development Corporation. It is being established in partnership with the Ministry of International Business and Industry (MIBI) and technical assistance of the United Nations Industrial Development Organization (UNIDO).Bloom Cleantech Cluster.*

The BIDC remains committed to supporting manufacturers, entrepreneurs and all Barbadian businesses that are determined to come out of this experience stronger and with even greater resilience and purpose. Our determination is not only to survive this disruption to our lives and businesses but it is our intent to build back better in all aspects of our lives.

To learn more about how the BIDC is “Supporting Manufacturers and Building Back Better”, follow this series on www.bidc.org