NATURE OF THE BUSINESS
Agro-Investment Corporation is an agricultural investment facilitation, advisory and management company, which functions as the Ministry of Agriculture and Fisheries’ business facilitation department and has overall responsibility for agricultural investment promotion and facilitation, project and market development.
AIC covers the investment chain from the identification of opportunities through feasibility studies, due diligence and business planning to fundraising, project management, long term business performance monitoring and technical support.
AIC will seek to activate, stimulate, facilitate and undertake agricultural development for economic advancement and well-being of the Jamaican people.
Functions of Agro-Investment Corporation The following functions were approved by Cabinet to be undertaken by Agro-Investment Corporation (AIC) in the Restructured Ministry.
Management State Owned Assets - AIC will manage the portfolio of investment properties previously managed by ADC. Any addition to or subtraction from the asset base and mode of operation will be based on investment decisions.
Investment Project Development - AIC will be responsible for developing and implementing the business and investment models that support the Ministry’s policy and technological initiatives, utilizing its own asset base (including the resources of the Agricultural Support Services and Productive Projects Ltd.)
Project Management - This area is more appropriately described as project incubation, in that the AIC will manage investment projects until such time as they are considered to be sustainable, and can be handed over to external investors or operators.
Resource Mobilization - Recognizing that most business financing models have a debt and equity component, technical expertise will be available to design loan packages, working with such local institution as the Development Bank of Jamaica and external lending agencies. The equity portion will be mobilized through leveraging the AIC’s assets base to secure external capital.
Investor Identification and Facilitation -AIC will identify joint venture partners through packaging of products and actively securing equity partners both locally and internationally. AIC will also partner with Jamaica Trade & Invest in seeking joint venture partners, and assisting them in making their capital injection, optimising any incentives that are available to foster external investment.