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Municipality of Diego Martin Local Area Economic Profile (Final Report)

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Municipality of Diego Martin Local Area Economic Profile (Final Report) Municipality of Diego Martin Local Area Economic Profile (Final Report) Municipality of Diego Martin Local Area Economic Profile (Final Report) Submitted to: Permanent Secretary Ministry of Rural Development and 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] Table of 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 Diego Martin 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 Diego Martin ......................................................................................... 22 2.6 Crime ..................................................................................................................................... 26 Chapter 3 Diego Martin’s Natural Resources ...................................................................................... 28 3.1 Land Use and Resources ..................................................................................................... 28 3.2 Coastal and Marine Resources ............................................................................................. 29 Chapter 4 Diego Martin’s Physical and Local Assets .......................................................................... 30 4.1 Physical Infrastructure........................................................................................................... 30 4.1.1 Commercial Districts ...................................................................................................... 30 4.1.2 Industrial Estate ............................................................................................................. 30 ii 4.1.3 Dockyard/Marina ........................................................................................................... 30 4.1.4 Transportation (Land) .................................................................................................... 30 4.1.5 Water Supply Distribution .............................................................................................. 31 4.1.6 Wastewater and Solid Waste Management .................................................................. 31 4.1.7 Drainage ........................................................................................................................ 31 4.1.8 Electricity and Communications Technology ................................................................ 31 4.2 Social/Cultural Infrastructure ................................................................................................. 31 4.2.1 Dwelling/Building Stock ................................................................................................. 31 4.3 Social Facilities ..................................................................................................................... 32 4.3.1 Health ............................................................................................................................ 32 4.3.2 Education ....................................................................................................................... 32 4.3.3 Social Services and Community Development ............................................................. 32 4.3.4 Recreation and Sports ................................................................................................... 32 4.4 Disaster Management ........................................................................................................... 32 Chapter 5 The Municipal Economy ...................................................................................................... 33 5.1 Gross Domestic Product of Trinidad and Tobago ................................................................ 33 5.2 The Area Economy ............................................................................................................... 34 5.2.1 Key Economic Drivers (Activities) ................................................................................. 34 5.2.2 Employment and Unemployment Trends ...................................................................... 36 5.2.3 Occupational Groups ..................................................................................................... 37 5.2.4 Income ........................................................................................................................... 38 Chapter 6 Profiling Diego Martin’s MSME Sector ................................................................................ 39 6.1 Introduction ............................................................................................................................ 39 6.2 Legislative, Policy and Institutional Framework for MSME Development ............................ 41 6.2.1 Legislative and Policy Framework ................................................................................. 41 6.2.2 Institutions and Public Programmes .............................................................................. 42 6.3 Entrepreneurial Development in Trinidad and Tobago ......................................................... 49 6.4 The Diego Martin MSME Sector (MSMEs Survey, 2015) .................................................... 50 6.4.1 General Characteristics ................................................................................................. 51 6.4.2 Size of Enterprise .......................................................................................................... 52 6.4.3 Legal Status ................................................................................................................... 53 6.4.4 Primary Business Activities ........................................................................................... 57 6.4.5 Employment ................................................................................................................... 59 6.4.6 Markets and Annual Sales ............................................................................................ 59 6.4.7 Financing and Investment ............................................................................................. 62 iii 6.4.8 Use of Internet ............................................................................................................... 64 6.4.9 Technical Support .......................................................................................................... 65 6.4.10 Key Issues Faced by MSMEs ....................................................................................... 66 6.6 Challenges and Opportunities Facing MSMEs .......................................................................... 67 Chapter 7 Local Governance in Diego Martin ...................................................................................... 69 7.1 The Prevailing Local Government System ........................................................................... 69 7.2 Local Government Reform .................................................................................................... 70 7.3 Local Economic Development and Local Government ........................................................ 71 7.4 Caribbean Local Economic Development Programme ........................................................ 73 Chapter 8 Recommendations for Local Economic Development .......................................................
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