Small Business growth and the role of the state

In more ways than one the advent of an ‘oil and gas-driven economy’ in Guyana has had an overall impactful effect on the country’s business culture as a whole, creating a sense that the overarching preoccupation with seizing the entrepreneurial opportunities which the oil and gas sector has opened up, simultaneously, creates space for the emergence and growth of an expanded small business sector. External oil and gas-related investor interest in Guyana has served as a driver for the enhancement of demand for goods and services that spans the broad range of demands of the ‘reinvented’ developmental focus. While the larger ‘business players’ in the Guyana economy have focused in entering into partnerships with foreign investors who have a direct interest in providing goods and services directly connected to the requirements of the oil and gas industry, there has been, over just under a decade, a growing realization that entrepreneurial opportunities also lie in areas of business that are not directly connected to the oil and gas sector.