Federal News
Jamaica Finance Ministry Hosts Small Business Set-Aside Meeting
March 25, 2026
The Jamaica Finance Ministry is conducting a public meeting to engage small business operators on the newly introduced Public Procurement Set-Aside Framework. This initiative aims to increase participation of local small businesses in government contracting by establishing a verified list of eligible firms. Portfolio Minister Fayval Williams emphasized the framework's goal to encourage more small-sized local businesses to bid for government contracts, signaling a strategic effort to enhance inclusivity and economic growth through procurement.
- Why this matters: Procurement professionals should prepare to incorporate the Set-Aside Framework into contracting processes, potentially adjusting solicitation strategies to prioritize verified small businesses.
- Small business contractors in Jamaica can benefit from increased access to government contracts through the verified eligibility list.
- Agencies and vendors should evaluate how this framework impacts supplier diversity goals and contract award criteria.
- Organizations supporting small businesses may find opportunities to assist firms in meeting eligibility requirements and navigating the procurement process.
The Public Procurement Set-Aside Framework is aimed at getting more small-sized local businesses to bid for government contracts.
— Fayval Williams, Portfolio Minister
Agencies
Finance Ministry, Public Procurement Commission