Techy zone offers no guarantees for local jobs

(CNS Business): Caymanians will not be guaranteed jobs within the new Special Economic Zone but government will look at the best ways to ensure opportunities for employment for them via mentoring, scholarships and training, Dax Basdeo, Chief Officer, in the finance ministry has said. Speaking at last week’s UCCI 50/50 conference he said government considered the Cayman Enterprise City and the Shetty hospital projects to be good choices for diversifying Cayman’s economy as they were both areas of industry that would fulfil current global needs. Although the project is predicted to boost local economic growth by 5 to 15 percent, Basdeo conceded this could be lower and that the benefits would mostly come from the consumption by the people employed in the zone. Read more on CNS Business