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True Entrepreneurial Revolution needs More MONEY for MSMEs says Missick

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By Dana Malcolm

Staff Writer

#TurksandCaicos, December 9, 2022 – The grant amounts for TCI businesses under the Micro, Small and Medium Sized Enterprise Development Ordinance are not enough to properly boost businesses in the TCI.  This is the perspective of Akeirra Missick, Member of Parliament as she gave contribution in House of Assembly on the change to the ordinance.

The changes, seen as a significant feather in the cap of PNP Administration accomplishments, now expand the categories of businesses which would apply for grants and increased the grant monies available to the new and existing businesses.

Still Missick detailed why the cash amounts were less than ideal and how the bill could be strengthened.

“If you are described as a micro business, that $5,000 in technical assistance will not get you very far so imagine if you are a medium sized enterprise.  Being a practitioner in the enterprise where we help businesses establish themselves, $15,000 is just the bare minimum for a staff handbook,” she explained

The sums to which Missick was referring are the technical assistance grants offering $5,000 for micro, $10,000 for small, and $15,000 for medium businesses.  There were also cash grants set at  $10,000 for micro, $20,000 for small, and $30,000 for medium enterprises in addition to customs duty reductions.

“We’re looking at saying we are assisting Turks and Caicos islanders as entrepreneurs through the technical assistance but from a practical standpoint the figures are actually lower than they should be.”

While acknowledging that the government had done an exceptional job providing funds to successful business already and  it was not the government’s responsibility to fund business from idea to execution she urged the Executive to reconsider the amounts especially since the money was available.

“Given that since the inception of this program in 2016 the actual budget allocation has never been exhausted – we are talking about some seven years where funds have never been exhausted in this program. The values may be too low to achieve the vision and the mission that the Minister of Finance has.”

The MP for Leeward and Long Bay said the same was true for the cash grants, they needed to be higher especially considering that these new categories of businesses who could apply would need specialized employees and private sector rates were very high.

“I commend invest TCI and the Minister of Finance for broadening the scope– but if you have an idea and you’ve been able to save $10,000 and you need to bring in an surveyor– and you are unable to recruit locally [these sums] will put you on the back foot in getting in that person’ she said “unless this bill has a follow up from the employment services department looking at reducing work permit fees for these specialist categories the grant you’re looking at getting from Invest TCI is just going straight back to TCIG.”

She explained that while the sums sounded good for new businesses developing handbooks and hiring financial officers etc, it simply was not enough.

“Albeit a very good start the figures are still a bit too low to really genuinely bring about revolutionary change we are seeking in these islands in entrepreneurship.”

The amendments were laid in a parliamentary sitting on December 1, 2022.

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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