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Invest Turks and Caicos boosts economy with MSME Program

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Written By: Ruthea Robinson

 

 

#TurksandCaicos, August 5, 2023 – Ms. Robinson is currently participating in the TCI National Internship and Apprenticeship Program, which is being conducted by Career Services under the Ministry of Education. She is a student journalist, podcaster, and documentarian studying at Leeds Trinity University, Leeds, United Kingdom.

Lead: Kacy Higgs became one of the first awardees of Invest TCI ’s MSME program and now her products can be found on shelves in IGA

The entrepreneurial spirit has long existed in the Turks and Caicos Islands, from the straw markets to boat tours. Carrying on that spirit, Kacy Higgs managed to revitalize an outdated industry with the support of Invest Turks and Caicos’ MSME program.

Caicos Traditions, the brand, started with Kacy Higgs leaving her corporate job to tend crops in her backyard. She initially gave away the produce to friends and family or sell it at pop-up markets. Now her products are sold alongside international brands in IGA.

Higgs modernized the traditional way of farming by adding her own “Caicos touch” to every level of the business, from purchasing seeds from neighbouring countries and experimenting with local seeds, to producing her signature corn flour and grits to integrating modern machinery and packaging.

Farming in Turks and Caicos Islands today has proven to be quite the challenge compared to modern consumption practices that rely heavily on importing food; back then, staple foods like corn, beans, cassava, and pumpkins were readily accessible in these islands.

Climate change, lack of affordable irrigation systems, sparse rainfall, and increasing frequency of hurricanes are all factors that have discouraged many local farmers. Higgs experienced this firsthand after Hurricane Fiona destroyed her bean supply in 2022.

Outside of the challenges she’s faced, Higgs shared that she has had many opportunities granted over the years, kicking off with Invest TC’s approval of her courageous business plan. Caicos Traditions was among the first businesses accepted into the Micro Small and Medium Enterprise program.

The MSME Program serves as a collaboration between Invest Turks and Caicos and the government in the form of financial assistance. The program provides small businesses financial support, technical assistance, and duty concessions.

Caicos Traditions was awarded a $25,000 package, including a $10,000 cash grant, $10,000 duties concessions, and $5,000 digital/marketing assistance.

When speaking about the impact of the cash grants, Vice President of Small and Medium Enterprise Development at Invest Turks and Caicos, Alexa Cooper, directly referenced Invest Turks and Caicos’ past use of the term ‘free money,’ saying: “It’s not a loan — it is more like free money but not really — you have certain obligations that you need to meet within the program.”

These obligations include being monitored for the five years that the business is a part of the program and complying with rigorous checks and inspections, all while meeting agreed-upon milestones.

Kacy Higgs admitted that she needed help understanding how to take advantage of the award initially. However, the team behind the MSME program was understanding and lenient enough to accommodate her.

She said: “I had a choice, start with the little that I have and hit the road running or wait for more, and I’m happy that I started with their push,”

Kacy Higgs hopes to refresh the way we think about produce in the TCI by showcasing the vitality of the agriculture industry in North Caicos.

Her collaboration with the MSME program contributed to the growth and development of the program, making it more widely accessible to other local businesses.

She encourages local entrepreneurs to chase their dreams, saying: “There is no stupid dream. If you look around Turks and Caicos, there are so many niche markets that are waiting to be tapped into.”

Picture: Ms. Kacy Higgs with her products.

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ELECTRICITY BILL SHOCKER: PELICAN ENERGY WARNED GOV’T

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TCIG knew from April that fuel factor could surge almost 80%; Minister says $500 cost-of-living payment was part of Government’s response

PROVIDENCIALES — The Turks and Caicos Government knew months before July’s shocking electricity bills that consumers faced a potentially massive increase in the fuel factor.

Minister of Information Technology and Energy E. Jay Saunders revealed Friday that Pelican Energy warned his Ministry in April that generation fuel costs were projected to rise from $3.09 per gallon in May to $4.79 in June and July.

That translated into a projected fuel factor jump from about 17.5 cents to 31 cents per kilowatt-hour — an increase of almost 80%.

Saunders said he personally advised Cabinet of the projected increase and presented options for cushioning the impact.

He characterised Government’s $500 cost-of-living payment as its “initial response” to rising fuel costs, before a separate fuel-factor subsidy was approved.

Cabinet records show Government agreed on June 24 to provide funding to mitigate the fuel-factor impact, with the relief programme approved July 8.

Eligible residential customers — those averaging less than $1,500 monthly over the previous three bills — are capped at 22 cents per kWh from July through October.

Pelican confirmed Friday that Government’s contribution was already applied to July bills, meaning the bills now triggering widespread public outrage would have been even higher without the subsidy.

Saunders did not disclose the programme’s total cost.

His admission that Government knew since April, however, raises another question amid the backlash: why were consumers not directly warned by Government about the scale of the approaching increase?

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Bahamas News

More Bahamians Accessing HIV, STI Care Through NHI

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NASSAU, Bahamas — More Bahamians are accessing HIV and sexually transmitted infection-related healthcare through National Health Insurance, a trend the NHI Authority says should be viewed positively.

NHIA stressed in an August 6 statement that its 2025 figures measure healthcare utilisation, not newly diagnosed infections. They include beneficiaries screened, treated, monitored or receiving follow-up care, including people diagnosed previously.

“Increased utilisation of these services should be viewed as a positive development,” NHIA said.

The Authority pointed to “greater enrolment and use of NHI, improved access to screening and testing, continued treatment and monitoring of existing conditions, and increased willingness to seek medical care.”

The development comes amid a mixed three-year HIV picture. New diagnoses rose from 130 in 2023 to 156 in 2024, before declining to 142 in 2025.

NHIA said increased utilisation demonstrates that more beneficiaries are accessing needed healthcare and actively managing their health, reinforcing the importance of screening, early diagnosis and continued treatment.

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Health

47,459 MEASLES CASES, 44 DEATHS ACROSS AMERICAS  

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WASHINGTON, D.C. — The Americas has recorded 47,459 confirmed measles cases and 44 deaths in 2026, the region’s highest case count in 22 years, prompting the Pan American Health Organization (PAHO) to urge stronger vaccination, surveillance and rapid outbreak response.

As of July 18, cases were already more than triple the 15,011 recorded during all of 2025. Guatemala, Mexico, the United States and Peru account for 95% of confirmed cases. Guatemala leads with 30,371 cases and 26 deaths, followed by Mexico with 12,255 cases and 17 deaths.

PAHO classifies the regional public health risk as very high, citing active outbreaks, immunity gaps, international travel and populations with inadequate vaccination coverage.

The organization says prevention starts with vaccination. Countries are being urged to achieve and maintain at least 95% coverage with two doses of measles-containing vaccine, particularly protecting children and under-vaccinated communities.

Measles spreads through the air when an infected person breathes, coughs or sneezes. Symptoms can include fever, cough, runny nose, red eyes and a rash.

PAHO is urging health authorities to detect suspected cases early and respond rapidly to stop transmission. Unvaccinated and under-vaccinated people, young children and communities with limited healthcare access face increased risk of severe illness and death.

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