Prime Minister Allen Chastanet has discounted the notion that Invest Saint Lucia facilitates only foreign direct investment, while announcing plans to facilitate Saint Lucian investors.
“For many years Saint Lucians have been under the false impression that Invest Saint Lucia solely operates to facilitate Foreign Direct Investment,” he wrote on his official Facebook page Monday.
Chastanet acknowledged that investment, whether via foreigners or locals, is an important contributor towards the development of any country.
He stated that he was “extremely happy” to know that under their recent rebranding, greater efforts will be expended by Invest Saint Lucia on facilitating Saint Lucians who are desirous of investing and doing business in Saint Lucia.
The PM observed that a major example of the thrust to promote local investment, is the ongoing redevelopment of Anse de Sables in Vieux Fort, where Saint Lucians will be given the relevant support and incentives to start their own restaurants, bars, shops, guest houses/hotels and other suitable business ventures.
“Another exciting initiative is the Saint Lucia Business Incubator & Accelerator Program which is being established by Invest Saint Lucia to give much needed support to assist entrepreneurs and start up businesses,” the Saint Lucia Prime Minister noted.