On January 22, the Jamaica Stock Exchange will launch its newest initiative – the Jamaica Social Stock Exchange, JSSE.
It’s a way to raise funds for social projects, especially for non-profit and non-governmental organizations. But corporate social projects can benefit too.
It could be a game changer for charities, non-profits and others that rely heavily on donor funding. Managing Director of the JSE, Marlene Street Forrest, says the new JSSE will be like crowd-funding, but with regulations.
Mrs. Street Forrest says several countries in the world have similar programmes. Jamaica’s is being modelled off Brazil’s Social Stock Exchange.
She says the transparency of the JSE will help people who’ve always wanted to contribute to social causes, but are wary of how their donation might be used.
Mrs. Street Forrest says five companies are already on board to pioneer the JSSE when it launches in January. And, she says others are welcome to apply.