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Municipality of Tunapuna/Piarco

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Municipality of Tunapuna/Piarco Municipality of Tunapuna/Piarco Local Area Economic Profile (Final Report) Municipality of Tunapuna/Piarco Local Area Economic Profile (Final Report) Submitted to: Permanent Secretary Ministry of Local Government Kent House, Maraval, Trinidad and Tobago Submitted by: Kairi Consultants Limited 14 Cochrane Street, Tunapuna, TRINIDAD AND TOBAGO Tel: 1 868 663 2677; Fax: 1 868 663 1442 Email: [email protected] "Striving Towards Our Potential as the Premier Education and Knowledge Centre of the Southern Caribbean…" Contents List of Figures ......................................................................................................................................... v List of Tables ........................................................................................................................................ vii Acronyms and Abbreviations................................................................................................................. ix Chapter 1 Introduction .......................................................................................................................... 12 1.1 Limitations of the Study ........................................................................................................ 13 1.2 Content of the Tunapuna/Piarco Local Area Economic Profile ............................................ 13 Chapter 2 Area Information and Demography ..................................................................................... 14 2.1 Location ................................................................................................................................ 14 2.2 Geography ............................................................................................................................ 16 2.3 Population and Demography ................................................................................................ 16 2.3.1 Population and Household Size .................................................................................... 16 2.3.2 Population Density ......................................................................................................... 17 2.3.3 Age Profile and Dependency ......................................................................................... 17 2.3.4 Ethnicity ......................................................................................................................... 19 2.3.5 Religious Affiliation ........................................................................................................ 19 2.4 Educational Attainment ......................................................................................................... 20 2.5 Living Conditions in Tunapuna/Piarco .................................................................................. 23 2.6 Crime ..................................................................................................................................... 26 Chapter 3 Tunapuna/Piarco’s Natural Resources ............................................................................... 28 3.1 Land Use and Resources ..................................................................................................... 29 3.2 Fresh Water Resources ........................................................................................................ 30 3.3 Coastal and Marine Resources ............................................................................................ 30 Chapter 4 Tunapuna/Piarco’s Physical and Local Assets ................................................................... 31 4.1 Building Stock ....................................................................................................................... 31 4.2 Physical Infrastructure .......................................................................................................... 31 4.3 Industrial and Commercial Development ............................................................................. 32 4.4 Agricultural Development ...................................................................................................... 32 ii 4.5 Tourism Development ........................................................................................................... 32 4.6 Institutional Infrastructure ..................................................................................................... 33 4.7 Social/Cultural Facilities ........................................................................................................ 33 Chapter 5 The Municipal Economy ...................................................................................................... 34 5.1 Gross Domestic Product of Trinidad and Tobago ................................................................ 34 5.2 The Area Economy ............................................................................................................... 35 5.2.1 Key Economic Drivers (Activities) ................................................................................. 35 5.2.2 Employment and Unemployment Trends ...................................................................... 37 5.2.3 Occupational Groups ..................................................................................................... 38 5.3 Key Business Activity ............................................................................................................ 39 5.3.1 Commerce and Distribution ................................................................................................. 39 5.3.2 Manufacturing and Food Processing ................................................................................... 39 5.3.3 Tertiary Education and Training .......................................................................................... 39 5.3.4 Tourism ................................................................................................................................ 40 Chapter 6 Profiling Tunapuna-Piarco’s MSME Sector ......................................................................... 41 6.1 Introduction ........................................................................................................................... 41 6.2 Legislative, Policy and Institutional Framework for MSME Development ............................ 43 6.2.1 Legislative and Policy Framework ................................................................................. 43 6.2.2 Institutions and Public Programmes .............................................................................. 45 6.3 Entrepreneurial Development in Trinidad and Tobago ........................................................ 52 6.4 The Tunapuna/Piarco MSME Sector (MSMEs Survey, 2015) ............................................. 53 6.4.1 General Characteristics ................................................................................................. 54 6.4.2 Size of Enterprise .......................................................................................................... 55 6.4.3 Ethnic Composition of Business Operators................................................................... 56 6.4.4 Legal Status ................................................................................................................... 57 6.4.5 Primary Business Activities ........................................................................................... 60 6.4.6 Employment ................................................................................................................... 62 6.4.7 Markets and Annual Sales ............................................................................................ 63 6.4.8 Financing and Investment ............................................................................................. 65 6.4.9 Use of Internet ............................................................................................................... 68 6.4.10 Technical Support .......................................................................................................... 69 6.4.11 Key Issues Faced by MSMEs ....................................................................................... 70 6.5 Challenges and Opportunities Facing MSMEs .................................................................... 70 iii Chapter 7 Local Governance in Tunapuna/Piarco ............................................................................... 75 7.1 The Prevailing Local Government System ........................................................................... 75 7.2 Local Government Reform.................................................................................................... 76 7.3 Local Economic Development and Local Government ........................................................ 77 7.4 Caribbean Local Economic Development Programme ........................................................ 79 Chapter 8 Recommendations for Local Economic Development ........................................................ 81 8.1 Strategic Sectors................................................................................................................... 81 8.1.1 Higher Education Services ............................................................................................ 82 8.1.2 Professional Services .................................................................................................... 82 8.1.3 Agriculture and Food ....................................................................................................
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