Chamber endorses green light for 20% state procurement allocation to small businesses

Lance Hinds

The Georgetown Chamber of Commerce and Industry (GCCI) has endorsed the announcement made by Finance Minister Winston Jordan in his 2015 budget presentation that government intends to fully implement the provision contained in the Small Business Act allocating 20 per cent of state contracts to the small business sector, though Chamber President Lance Hinds says he believes there should be conditions attached to that allocation.

Hinds told Stabroek Business that he believed the initiative was likely to create