Premier Parry said “Approaches to boost the economy can be achieved with the development of geothermal energy which will reduce the fuel bill and generate more income in the Treasury; the need for Tourism diversification; growth in the Health Education Sector; investment in self-employment generating activities; growth in Agriculture and the marketing of the Financial Services Industry.”
Mr. Parry at the time was making his feature address at the 2011 ‘Consultation on the Economy’ hosted by the Ministry of Finance on Tuesday 6th September 2011.
Under the theme “Accelerating Economic Diversity and Productivity in an Environment of Fiscal Prudence” the forum took place at the Four Seasons Resort and was intended to give stakeholders the opportunity to make an input in foundation for the Government’s next Budget presentation.
The event was attended by a cross section of over 150 representatives from the private and public sectors on Nevis.
Premier Parry also stated that Government had met with mixed success in efforts to promote the geothermal projects in Nevis he however noted nonetheless, geothermal would continue to develop in Nevis.
In terms of boosting the economy Premier Parry pointed out the government’s commitment to the continued encouragement of self–employment through their incentive programmes and the overall empowerment of residents on the island.
He added that the focus on these programmes in this new term would be on young women.
Mr. Parry also informed the gathering the focus on these programmes in this new term would be on young women saying “The young women are more into education, family and good materialism and I believe it is a worthy time to invest in the women of Nevis.”
Premier Parry went on to note job creation outside the public sector remained high on the Government’s agenda and further noted businesses that are expected to help to generate jobs on the island.
Among the businesses he noted were Brown Hill Communications with the creation of over 100 jobs next year and Horsfords Value Mart that will be creating over 30 jobs as well major construction in the areas of Tower Hill and the Botanical Gardens that will generate jobs.