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Govt unveils initiative to help small businesses

The first construction project to come out of a Government initiative to nurture small and medium-sized construction companies was proudly unveiled by Minister of Trade and Industry Kim Wilson today.

The renovation project at Sea Song, near John Smith’s beach, is the result of the Construction Incubator and Hands Up programmes. They are designed to equip businesses with the skills they need to compete well in the tendering process for Government contracts.

As a result, S.O.L.O, a local construction trucking and painting company successfully bid for the $130,000 project to turn Sea Song from a run-down two-apartment building to a brand new one-bedroom.

The building is owned by the Parks Department, who will decide what to do with it once it is finished.

Sen Wilson explained: “The Bermuda Small Business Development Corporation and the Ministry of Public Works have partnered to ensure that graduates of the Construction Incubator have access to a series of small projects that will allow them to apply the knowledge that the learned as graduates of the Construction Incubator programme.

“The first of these projects is Sea Song. Through BSBDC’s tendering process, which included a thorough review of all applications received, submissions were fully vetted and then short listed.

“Of those short listed, a final committee made up of members of the BSBDC’s Small Business Construction Incubator Sub-Committee awarded the contract to one of the graduates of the Construction Incubator, S.O.L.O Contracting Limited. Today we are bearing witness to the fruits of their labour, and I want to take this opportunity to publicly congratulate S.O.L.O on winning this bid.”

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Published August 08, 2011 at 3:28 pm (Updated August 08, 2011 at 3:28 pm)

Govt unveils initiative to help small businesses

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