Project STAR lists on Jamaica Social Stock Exchange

 

Project STAR has official listed on the Jamaica Social Stock Exchange.

 

It's the first social Initial Public Offer to list.

 

At the listing ceremony Tuesday morning, Co-chair and project sponsor of Project STAR Keith Duncan said millions have been raised, and more than 1,800 people impacted. 

 

"Through this campaign, we have been able to get the national visibility because we launched a really powerful campaign for at least...four or five months, from May through to about November we closed out. And we have been able to, over the life of Star, up to date, raise over $400 million, multi-year commitments, and I'm happy to say that we have over 74 people at this early in the programme are in jobs, solid jobs," he boasted. 

 

Chairman of the JSSE Professor Neville Ying said with the listing comes increased monitoring. 

 

"This project must uplift the people in different communities and better their lives and livelihood when this project is going. We expect the project to work in collaboration. There are several other projects and persons operating in the same space that you will be. What we expect is that you will all come together for the common good of Jamaica," he urged. 

 

Professor Ying said they are also expected to encourage support from the diasapora.

 

Project STAR (Social Transformation and Renewal) started in September 2022 and is being executed by the Private Sector Organisation of Jamaica (PSOJ), in partnership with the Jamaica Constabulary Force. 

 

Set to run until 2026, it is aimed at helping to reduce crime and increase productivity through social intervention, with private sector support.