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 .......................................................