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A total of 107 new businesses have opened in the country since the passing of Hurricane Irma, initial statistics coming out of the Economic Census Survey show.

According to the Department of Statistics STAT, the majority of these new businesses are in the food service sector.  These new businesses currently employ 386 persons, 201 or 52 per cent of whom are female.  According to STAT, the legal form of new businesses is almost evenly divided among limited ability NVs (29 per cent) and BVs (28 per cent), and sole proprietorship (26 per cent).  The roughly 1700 businesses that were actively operating before the September 2017 hurricanes and mostly NVs, with sole proprietorship being the second.  Wholesale and retail trade represents the biggest portion of these businesses with accommodation and food service being the second largest sector. 

News Courtesy of Caribbean Gems