BDB Courtesy Call Securities Commission

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Individuals in photos from left to right Justin Sturrup, Christina Rolle, Dave S. Smith, Sherinn Munnings Deputy Managing Director Executor Director Managing Director Deputy Manager Bahamas Development Bank Securities Commission Bahamas Development Bank Securities Commission

The Bahamas Development Bank celebrates its 40th year of promoting industrial, agricultural and commercial development in The Bahamas through the financing of, or the investing in, approved enterprises. To further advance this statutory mandate, Mr. Dave Smith, Managing Director along with Mr. Justin Sturrup-Deputy Managing Director of the bank paid a courtesy call on the Securities Commission to discuss the Commission’s Crowd Funding push and other potential capital raising instruments such as SMART Funds.

 

Mr. Smith commented that the Bank is able to undertake a wide range of activities within its “sectoral approach” to support entrepreneurs, including term loans for Small and Medium Sized Enterprises (SMSE’s), equity financing and executing agency services. In exploring new innovative ways to assist entrepreneurs, Mr. Smith noted that Crowd Funding and SMART Funds might have the potential to augment traditional approaches to entrepreneurial funding needs.

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