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DAIC – A Look at 2019 Calendar Year: DAIC 2019 Accomplishments and Challenges and Upcoming Initiatives for 2020

by: - January 2, 2020
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The DAIC is the leading Private Sector representative body in Dominica with membership across various sectors and industries.  The DAIC facilitates the growth and development of Dominica’s Private Sector through effective representation of the core interests of its members and the Private Sector and the delivery of products and services that will enhance productivity and competitiveness in a changing world economy.

ACCOMPLISHMENTS:

 

DAIC Administration

  1. Election of New Board of Directors
  2. Secondment of Skills for Youth Employment (SkYE Program)
  3. Chair of the Network of Caribbean Chambers of Commerce

 

The Skills for Youth Employment in the Eastern Caribbean (SkYE) programme is a £9.1 million, four-year programme investing in TVET in St Vincent and the Grenadines, Dominica, Grenada, and St Lucia.  SkYE is focused on young people aged 15-30 with the purpose of developing a appropriately trained, more productive, and inclusive workforce.  A Design Phase has been undertaken between 1 July 2018 to 28 February 2019, leading in to a four-month Inception Phase.  The programme implementation will then run for three years from 1 July 2019 to 30 June 2022.

 

CARICHAM is a platform designed to represent the Chambers and their Members at regional and international levels in order to foster constructive partnerships at the regional and international levels, as well as through Business-to-Business exchanges. There are currently 19 Chambers in this Network. The four main pillars of engagement are:

  1. Advocacy and Membership Value Creation;
  2. Disaster Risk Reduction;
  3. Knowledge Sharing, and Best Practices;
  4. Transportation, Trade Facilitation and Promotion.

 

Advocacy

  1. Advocated membership concerns on a case by case basis
  2. 2019-2020 Budget Submission
  3. IMF Article V Consultations
  4. Tourism Strategy Consultation
  5. ECCB Polymer Notes Consultation
  6. Regional Workshop for Capacity Building on the Implementation of the FTA for Caribbean Countries
  7. 3rd Growth and Resilience Dialogue with Social Partners
  8. Provided support to the Minimum Wage Advisory Board
  9. Supporting the Review of the National Quality Policy with the Dominica Bureau of Standards
  10. Dominica 2019 Election Process

Membership

  1. 25% Increase in Membership with diversification of membership in size and location
  2. Conducted research including surveys among members and other private sector enterprises
  3. 30% of the Membership was connected to new trade markets regionally, internationally
  4. Young entrepreneurs and prospective members were also facilitated through DAIC to receive capacity building support
  5. Most impactful engagement for individual members: Business Forum in Germany and Agro Processing Training in China
  6. International meeting biggest impact on the Chamber: BSO MasterClass which provided guidance in making DAIC a stronger and more sustainable organization.

 

  Membership Engagements:

  1. Eggs & Issues Breakfasts
  2. Chew On It Luncheon
  3. Direct emails
  4. Chamber Press Releases
  5. Annual General Meeting
  6. Chamber Updates
  7. Website and Social Media
  8. Radio

 

Chamber Brand Value and Member Recognition

  1. Letters of Introduction and Reference
  2. Member of the Network of Caribbean Chambers of Commerce (CARICHAM)
  3. Designated Development Agency

 

Training

  1. Training of Trainers in Disaster Risk Reduction (April 24-25, 2019)
  2. Disaster Risk Reduction training for Membership
  3. Market Intelligence Training in collaboration with DEXIA
  4. Understanding Risk Management and Risk Financing for Disaster Resilience

 

Disaster Risk Reduction

  1. Hosted Business Sustainability Symposium focusing on the growth, sustainability and impact of the Membership and Business Community
  2. Strengthened partnership with CDEMA through CARICHAM in DRR which ensures a seat at the table in contribution to regional initiatives
  3. Trained 10% of our Membership in Disaster Risk Reduction
  4. Strengthened Chamber process in preparation and response to disaster threats
  5. Supported NEPO Sub-Committees in preparation and response to disasters
  6. Supporting the evaluation and updating of the Country Work Program for Disaster Management with the DVRP and ODM

 

Relationships

  1. Supported Caribbean Export WE-Xport Program (1) and Direct Assistance Grant Scheme (3)
  2. Launch of CARICHAM – Network of Caribbean Chamber of Commerce, increasing collaboration with 18 other Chambers.
  3. Supported the formation and advancement of the Climate Resilience Action Network among creole speaking countries
  4. Strengthened relationships with other Regional and International Organizations such as ARISE Global, UNDDR, CARICOM, CDEMA, OECS CBU, ECCB, CGI
  5. Workshop: DEXIA & Compete Caribbean Partnership Facility

 

Events

  1. Accessing Market Intelligence for Business Success (Jan 9th, 2019)
  2. Eggs & Issues Breakfast: CREAD and Its Vision of A Resilient Dominica (Jan 23rd, 2019)
  3. DAIC Webinar Series: Why Employee Benefits (Jan 28th, 2019)
  4. Lunch and Learn with Nabiner George and – Let’s Talk Customer Service (March 21st, 2019)
  5. Eggs & Issues Breakfast: The Electoral Process – Our Collective Responsibility (March 26th, 2019)
  6. Launch of CARICHAM (April 1st, 2019)
  7. CGI Luncheon (April 16, 2019)
  8. CGI Exhibition (April 17, 2019)
  9. DAIC Scavenger Hunt (April 18, 2019)
  10. Disaster Risk Reduction Training (May 22nd & 23rd, 2019)
  11. DAIC Distinguished Speaker Series (May 23rd, 2019)
  12. Clinton Global Initiative Commitment to Action (June 4th, 2019)
  13. DAIC AGM & Cocktail Reception: Advancing Dominica’s Growth through an Entrepreneurial Eco-System (July 18th, 2019)
  14. Chew On It Luncheon: Funding for Strategic Growth (September 25th, 2019)
  15. DAIC Taking Care of Business Radio Show: Financial Management Principles and Financing for Small Businesses (November 14th, 2019)
  16. DAIC Business Sustainability Symposium (December 12th, 2019)
  17. DAIC Taking Care of Business Radio Show: Insights and Lessons Learned from Leading Agro Processors (December 19th & 30th, 2019)

 

Media Outreach

  1. Media Outreach to various radio stations and media outlets though Chamber Press Releases, Radio and Television Interviews, among others.
  2. Taking Care of Business Radio Program
    1. Financial Management Principles and Financing for Small Businesses
    2. Insights and Lessons Learned from Leading Agro Processors in Dominica (Original and Extended Edition)

 

CHALLENGES:

  1. Adequate support frameworks to enhance doing business in Dominica
  2. Limited financing options for businesses. Through some financing are available, there are businesses who are still unable to access this financing.
  3. High cost of accessing raw materials for manufacturing
  4. Slow insurance payouts, underinsurance and lack of insurance
  5. Ripple effects from the closure of large businesses such as Ross University
  6. Impact from the recent general elections on the economy which includes the following factors but is not limited to civil unrest, poor productivity, negative international press on Dominica, etc.

 

In 2020, look out for:

  1. DAIC Business Awards
  2. Eggs & Issues Breakfast: Migration and Economic Development
  3. Membership Surveys
  4. Membership Value Added Program
  5. Taking Care of Business Radio Shows
  6. Membership Disaster RR Drills
  7. Regional Platform in Disaster Risk Reduction
  8. New membership growth

 

2020 – Membership Value Program

 

To give added value and benefits to being a Chamber Member

 

Objectives

  1. Extensive Membership Participation
  2. Membership Value Added program with Members accessing valuable discounts from other members
  3. Increasing Member to Member business transactions

 

Program Details

  1. Access Membership Value Discounts and Services in other CARICHAM Countries (Currently 17 other countries)
  2. National, regional and international opportunities for Chamber Members to access trainings, networking and business opportunities

 

DAIC Business Awards

 

Theme:

Leading through innovation and service excellence

 

Award Categories:

  1. Business of the Year
  2. Best in Innovation
  3. Best in Service Excellence
  4. Corporate Social Responsibility Leadership
  5. Exporter of the year
  6. Employer of the year
  7. Excellence in Environmental Stewardship