In a significant move aimed at enhancing the agricultural landscape of Jamaica, the Agro-Investment Corporation (Agro-Invest) and the Jamaica Promotions Corporation (JAMPRO) have entered into a strategic partnership. This collaboration was formalized through the signing of a Memorandum of Understanding (MOU) on April 4, at the JAMPRO corporate offices in Kingston, marking a pivotal moment for the future of agricultural investment and export growth in the region. Key to this partnership is the emphasis on lease agreements, which will facilitate the optimal use of agricultural lands.
The ceremony saw key figures from both entities come together in a show of unity and commitment towards a shared vision for Jamaica’s agricultural sector. Vivion Scully, Chief Executive Officer (CEO) of Agro-Invest, and Shullette Cox, President of JAMPRO, were the principal signatories of the MOU, symbolizing the bridge being built between these two cornerstone institutions to foster development within the agribusiness sphere through effective lease arrangements.
Witnessing this momentous occasion were Ian Murray, Chairman of the Board of Directors at Agro-Invest, and Ian Levy, Deputy Chairman at JAMPRO, both of whom expressed optimism about the prospects this agreement unlocks for the agricultural community and the nation at large. They highlighted the importance of structured lease agreements in ensuring that agricultural lands are utilized efficiently and sustainably.
Under this new agreement, Agro-Invest and JAMPRO pledge to work closely in identifying, developing, and marketing agricultural investment projects. This collaboration extends to the packaging and promotion of these initiatives, aiming to attract local and international investors to Jamaica’s fertile agricultural sector. Moreover, a significant focus of this partnership is to catalyze the growth of agribusiness exports, ensuring that Jamaica’s agricultural products gain greater visibility and access to markets beyond its shores. Effective lease strategies will play a crucial role in making these projects viable and attractive to investors.
This MOU represents more than just a formal agreement; it is a commitment to actionable collaboration that will drive the development and expansion of Jamaica’s agribusiness sector. By leveraging each organization’s strengths, particularly through strategic lease agreements, Agro-Invest and JAMPRO are set to usher in a new era of agricultural prosperity. This initiative will contribute to sustainable economic growth and the enhancement of Jamaica’s global agricultural footprint, showcasing the vital role that leasing plays in agricultural development.