Business View Caribbean | August 2022

10 BUSINESS VIEW CARIBBEAN VOLUME 9, ISSUE 8 Caribbean Development Bank (CDB) are also among those to have recognized its potential. In fact, CDB President Dr. Hyginus “Gene” Leon last year said, “Regional economies already gain direct benefits from the ocean through economic and subsistence activities, such as fishing, marine and coastal tourism services, marine transportation and related services. Indirect benefits redound through the economic cycle as maritime activities facilitate much of the trade and tourism activities taking place among our countries.” Jamaica’s new oyster industry, if successfully launched, could achieve just that, says CEO Boll. About Caribbean Employment Services Inc. Caribbean Employment Services Inc., based in Barbados, is one of the market-leading online talent acquisition services, specializing in helping businesses and organizations recruit the best candidates for their roles and job seekers find their ideal position. Find out more at https:// caribbeanemployment.com A local oyster industry, if environmentally sound, would provide a huge economic boost in several ways largely remains the Caribbean’s bread and butter. NFA Senior Director DeHaan Brown further emphasizes the ripple effect an oyster industry would have in Jamaica, indicating local entrepreneurs could benefit not just from the direct sale or export of the oysters themselves, but also from goods produced from them. However, other regional bodies have identified fisheries and the blue economy as areas ripe for development and investment for the Caribbean to leverage its strengths to diversify regional economies. The Organisation of Eastern Caribbean States (OECS), World Bank and Joseph Boll, Caribbean Employment Services Inc. CEO