TEF’s Speed Networking generates J$1b economic impact

The local economy has received a J$1b boost through the Tourism Enhancement Fund’s (TEF) Speed Networking initiative since its launch in 2016.

Tourism Minister Edmund Bartlett made such announcement during the programme's 10th‑anniversary celebration on Thursday at the Montego Bay Convention Centre in the second city.

The innovative programme, designed to connect Jamaica’s thriving tourism sector with local producers, manufacturers, and service providers, has transformed the business landscape for many Jamaican entrepreneurs through its signature 15‑minute meeting format.

These focused sessions provide local businesses with the opportunity to pitch directly to key decision‑makers from hotels and tourism enterprises.

Minister Bartlett noted in his virtual address, ‘From the food on our visitors’ plates to the furniture in their rooms, each product represents a strand in the tapestry of our economy. What began with just a few sectors has blossomed into a showcase of Jamaican innovation spanning entertainment, manufacturing, agriculture, crafts, and technology.’

Recent Tourism Ministry surveys reflect the programme's success, with 94% of participating hotels reporting satisfaction with the products showcased and 80% of suppliers gaining valuable business connections.

Minister Bartlett emphasised that the billion‑dollar economic injection has directly benefited Jamaican citizens, strengthened local industries and promoted economic independence across the island.

This year’s event featured several enhancements, including professional development opportunities facilitated by the Jamaica Centre for Tourism Innovation (JCTI), which provided specialised training for Human Resource managers.

An advanced digital matching platform further improved the efficiency of buyer‑supplier connections, maximising the value of each brief meeting.

Looking towards the future, Bartlett outlined an ambitious vision for the Tourism Linkages Network, a department within the Tourism Enhancement Fund, the key organiser of the event.

He detailed plans to develop comprehensive online platforms that will facilitate year‑round business connections, prioritise eco‑friendly products and practices aligned with global sustainability trends, share the successful Speed Networking model with neighbouring Caribbean nations, and elevate Jamaican product standards to exceed international expectations.

Representatives from the Jamaica Hotel & Tourist Association, Jamaica Manufacturers & Exporters Association, and Jamaica Business Development Corporation joined numerous hoteliers, stakeholders, and local producers in celebrating a decade of successful collaboration.

The event not only marked a significant milestone in fostering local economic growth but also set a promising stage for the future of Jamaica’s tourism and business sectors.