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FUNDING AND LABOUR MARKET NEEDS A Tobago Chamber perspective GATE Consultation.

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Presentation on theme: "FUNDING AND LABOUR MARKET NEEDS A Tobago Chamber perspective GATE Consultation."— Presentation transcript:

1 FUNDING AND LABOUR MARKET NEEDS A Tobago Chamber perspective GATE Consultation

2 Funding and Labour Market Needs The ROAD to GATE R eflecting on the Future O pportunities for Development A pplication/Implementation D eterminants of Success

3 Tobago Current economic Situation Socio-Technical Framework $180 Million in 2006 to $625 Million in 2011 Brain drain Critical thinkers needed!!! R eflecting on the Future…

4 Immediate and Medium Term Development Diversify Income Opportunities Tourism - 2% of the GDP % of the islands employment and over 90% of Tobagos export O pportunities for Development

5 What are some of the current and projected skills gap in Tobagos labour market?

6 Short and Medium Term Funding and Labour Market Needs Construction (TVET) Engineers (Traditional) Educational Professionals (Traditional) Marketing (Traditional) Auxiliary Start up staff (existing labour force) Agricultural/Horticultural Professional (Traditional) Film and Media Intellectual property Statician and Research professionals ICT professionals

7 Medium to Long Term Funding and Labour Market Needs Lecturers (Traditional) Hotels Staff (TTHTI) Airline Staff Mechanics (TVET) Chefs (TTHTI) Garment/Fashion Professionals (does not exist) Healthcare (Traditional) Shipping/Maritime Services Artisan/Culture Development (Traditional) Publishers/Literary Professionals (Traditional)

8 Diversify Tobagos Tourism Product Funding and Labour Market Needs Business and MICE tourism Cruise tourism Yachting and leisure boat-tourism Adventure and ecotourism Carnival and culture tourism Healthcare Tourism

9 THREE-PRONGED APPROACH (1) Education (2) Training (3) Infrastructure Development A pplication/Implementation

10 Key Performance Indexes (KPIs) Improved Tourism GDP Socio-Technical Framework Accountability Protect Tobagos Heritage D eterminants of Success

11 A Tobago Perspective T HANK Y OU ! GATE Funding and Labour Market Needs


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