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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 Carrying on that spirit, Kacy Higgs managed to revitalize an outdated industry with the support of Invest Turks and Caicos’ MSME program.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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Government

$94.1Mfor Health; Knowles Pushes to Keep Care at Home

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Turks and Caicos, April 25, 2026 – A major shift in how healthcare is delivered in the Turks and Caicos Islands is at the center of the Government’s latest budget, with a focus on reducing reliance on overseas treatment and strengthening services at home.

Presenting his contribution to the national debate, Kyle Knowles outlined a strategy aimed at building a more sustainable healthcare system—one that allows more residents to access quality care within the country.

The health sector has been allocated $94.1 million, making it one of the largest areas of public spending in the $550.8 million Budget passed on April 23.

Central to the Minister’s approach is a restructuring of the Treatment Abroad Programme (TAP), which has grown significantly in recent years as more patients are sent overseas for specialized care.

The Government now aims to reverse that trend.

“We are reforming healthcare to ensure long-term sustainability,” Knowles indicated, pointing to efforts to strengthen local services and reduce the need for travel.

The strategy includes improving healthcare infrastructure, expanding services available within the islands and increasing efficiency through the digitization of medical records.

Digitization is expected to support better coordination of care, reduce delays and allow for more accurate tracking of patient needs—part of a broader effort to modernize public services.

The Minister emphasized that the goal is not only cost control, but improved access.

“No family should have to leave home to get quality care,” he said, underscoring the Government’s intention to refocus healthcare delivery on local capacity.

The shift comes as rising healthcare costs continue to place pressure on public finances, with overseas treatment representing one of the most expensive components of the system.

By investing more heavily in domestic services, the Government is seeking to reduce that burden while improving outcomes for residents.

While the direction is clear, details on timelines and the pace of expansion for local services were not fully outlined in the presentation.

Still, the emphasis on sustainability, access and modernization signals a strategic pivot in how healthcare is expected to evolve in the Turks and Caicos Islands.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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Government

Premier Defends Budget Strategy, Rejects Claims of Inefficiency

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Turks and Caicos, April 25, 2026 – Premier Charles Washington Misick has pushed back against criticism of the Government’s newly passed budget, defending both its direction and execution as deliberate and necessary for national development.

Wrapping up debate on the $550.8 million Budget, passed on April 23, the Premier dismissed concerns raised by the Opposition about inefficiency, rising costs and gaps in delivery, insisting the Government’s approach is measured and focused on long-term growth.

“This budget is about delivering for our people,” Misick said, as he reinforced the administration’s commitment to infrastructure, healthcare expansion and broader economic development.

Opposition Leader Edwin Astwood had earlier challenged the Government’s performance, pointing to unfilled posts, delayed projects and what he described as weak execution despite increasing allocations.

In response, the Premier rejected the notion that the Government is failing to deliver, instead arguing that building national capacity takes time and sustained investment.

He maintained that staffing challenges are being addressed and that improvements across ministries are ongoing, even as demand for public services grows.

The Premier also defended the scale of spending, framing it as a necessary step to support development across the islands, rather than unchecked expansion.

“We are investing in the future of this country,” he said, pointing to continued funding for infrastructure, community development and public services.

On the question of equitable growth, Misick reiterated his administration’s focus on balanced development, including ongoing investments in the Family Islands.

He argued that progress is being made, even if transformation is not occurring as rapidly as some would like.

Throughout his closing remarks, the Premier leaned on the country’s economic fundamentals—highlighting strong cash reserves, stable growth projections and international confidence in the Turks and Caicos Islands’ fiscal management.

While the rebuttal addressed criticism head-on, it did not significantly alter the structure of the budget or introduce major new measures in response to concerns raised during the debate.

Instead, the Government’s position remained consistent: the plan is in place, the investments are targeted, and delivery will continue.

The exchange underscores a clear divide—between an Opposition pressing for faster, more measurable results, and a Government maintaining that its strategy is already on course.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

PHOTO COURTESY OF THE OFFICE OF THE PREMIER

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Government

Digital Government Push Advances, but Reliability and Security Details Remain Unclear

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Turks and Caicos, April 25, 2026 – There was no mistaking the enthusiasm of the Minister of Finance, Investment and Trade, E. Jay Saunders, as he laid out his vision for a more digitally driven Turks and Caicos Islands—one where services are faster, systems are connected, and doing business is easier.

But within that forward-looking presentation, what remained notably absent were clear timelines and defined measures to ensure data security and system reliability.

“We are moving toward a fully integrated digital government,” Saunders told the House, as he outlined a future where public services are delivered seamlessly through technology.

With responsibility for the country’s economic and digital transformation, Saunders pointed to several areas expected to be reshaped by the rollout of e-government systems, including revenue collection, business licensing, customs processing and access to public services—all designed to reduce delays, improve compliance and streamline transactions.

The vision is one of convenience and efficiency: fewer lines, faster approvals, and systems that communicate across departments rather than operate in silos.

Within the framework of the Government’s $550.8 million Budget, passed on April 23, the digital push is positioned as a key driver of modernization and improved service delivery.

However, for many users, the experience of government systems today remains inconsistent.

Periodic outages, payment disruptions and service downtime continue to affect daily transactions, raising practical concerns about how quickly the country can transition to a fully digital model.

Despite the scale of the ambition, the Minister’s presentation did not directly address how system reliability will be strengthened or how data will be protected as more services move online.

Those elements—uptime, security and resilience—are critical to public confidence, particularly as businesses and residents become increasingly dependent on digital platforms to access government services.

The direction is clear, and the potential impact is significant.

But as the country moves closer to greater digital dependence, the success of that transformation will ultimately rest not just on what is promised—but on whether the systems can be relied upon when they are needed most.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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