Private Sector Organisation of Jamaica

What Private Sector Organisation of Jamaica does

The Private Sector Organisation of Jamaica (PSOJ) is a non-profit, membership-based business advocacy organization founded in 1976 and headquartered at 39 Hope Road, Kingston, Jamaica. It serves as the national umbrella body for Jamaica's private sector, convening private sector associations, companies, and individuals across banking, insurance, manufacturing, tourism, securities, SMEs, and labor to advocate for competitive economic policy, security, and governance reform. PSOJ operates through nine standing committees (covering Economic Policy, Crime and Public Order, Human Capital Development, Energy/Environment/Climate Change, Corporate Governance, Innovation and Digital Transformation, Membership Engagement, Sports and Entertainment, and National Values and Attitudes Advancement), a Council drawn from member organizations, and a President and Executive Director leadership structure.

PSOJ's core service portfolio centers on policy advocacy, economic research, standards-setting, and convening rather than proprietary technology. Products include the monthly PSOJ/VM Economic Bulletin, the Jamaica Corporate Governance Code and Toolkit (revised with IDB Invest), the Hall of Fame awards (32 inductees through 2026), the Crime Stop programme (administered under the National Crime Prevention Fund since 1989), the National Tree Planting Initiative, and training masterclasses including a Director's Strategic Guide to Corporate Governance. Newer additions include the PSOJ SME Resource Hub (2023, with JMMB Group and UCC), the EmpowerJA capacity-building series (2023, with the Inter-American Development Bank), the Private Sector MSME Resilience Grant Programme (2026, with JMEA and JCC), and a planned 32,000 sq ft commercial development at the Kingston headquarters in joint venture with VM Group.

PSOJ generates revenue through annual membership fees across three categories (Individual, Organisation, Association) and through event and training fees, including webinars, masterclasses, and the Annual General Meeting. Membership fees are non-refundable; event fees carry a 48-hour cancellation policy with a 5% administrative charge. Specific membership pricing tiers are not publicly disclosed. Geographic reach is primarily domestic (Jamaica) with regional engagement through CPSO/CARICOM and selective international partnerships (e.g., CONEP of the Dominican Republic, Adtelligent on the Keys To LATAM Conference). Headcount is 11-50 employees, and the organization does not develop or operate proprietary technology platforms.

Name

Private Sector Organisation of Jamaica

Legal name

Private Sector Organisation of Jamaica (PSOJ)

Website

https://psoj.org

Company type

Private

Founded year

1976

Operating status

Operating

Headcount range

11–50 employees

Short description

PSOJ is a nonprofit private sector advocacy organization founded in 1976 in Kingston, Jamaica, serving member companies, associations, and individuals through policy advocacy, economic research, governance standards, and SME support programs.

Ownership category

akta.pro rank

Product category

Business Advocacy Services

NAICS

Business Associations (813910), Business, Professional, Labor, Political, and Similar Organizations (8139), Grantmaking and Giving Services (81321), Religious, Grantmaking, Civic, Professional, and Similar Organizations (813)

SIC

Services-Membership Organizations (8600)

akta.pro primary industry

Private Foundations (BPAGAKAA)

Keywords

• Private sector advocacy
• Business membership organization
• Policy advocacy services
• Economic policy research
• Corporate governance standards

Headquarters

HQ city

Kingston

HQ country

Jamaica

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Membership Fees: PSOJ generates revenue through annual membership fees from three categories: Individual members (persons over 18 resident in Jamaica whose principal occupation is within the private sector), Organisation members (companies, partnerships or similar groups engaged in private sector business in Jamaica), and Association members (associations or organisations representing sub-sectors or groups of interests within the private sector).
2. Event Fees: PSOJ charges fees for events, workshops, and training programs including the Corporate Governance Webinar Series, Masterclass Series, and Annual General Meeting. Event payments may be refunded if cancelled 48 hours prior minus a 5% administrative fee.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

PSOJ is a nonprofit umbrella membership organization that represents the interests of Jamaica's private sector through policy advocacy, economic research and forecasting, corporate governance standards development, networking events, and SME business development support. It generates revenue through annual membership fees from individuals, organisations, and associations, and charges fees for events, workshops, and training programs.

Product overview

The Private Sector Organisation of Jamaica (PSOJ) is a national advocacy organization established in 1976, not a technology product company. PSOJ offers a portfolio of programs and services focused on private sector advocacy, economic policy, and business development. The core offerings include the PSOJ/VM Economic Bulletins providing economic research, the Corporate Governance Code and Toolkit for governance standards, the Crime Stop programme for public safety, the National Tree Planting Initiative for environmental sustainability, the SME Resource Hub for business development support, the MSME Resilience Grant Programme for funding, and the Hall of Fame awards for recognition. These programs are offered as distinct initiatives rather than an integrated software platform. PSOJ also provides membership services, training masterclasses, and hosts events including the President's Forum.

Differentiator

Problem solved

Functional benefit

Brands

• Private Sector MSME Resilience Grant Programme: A grant programme launched in collaboration with JMEA and JCC to provide direct assistance to micro, small and medium-sized enterprises (MSMEs), with grants of up to J$500,000.
• PSOJ SME Resource Hub
• Crime Stop Jamaica
• National Tree Planting Initiative (NTPI)
• PSOJ Hall of Fame

Products and services

• PSOJ/VM Economic Bulletins Monthly economic bulletins produced in collaboration with VM Wealth Management Limited, providing industry insights on key economic indicators, regional, international, and local trends to inform business decisions for Jamaican private sector stakeholders.
• Corporate Governance Code and Handbook & Toolkit A comprehensive corporate governance framework developed with IDB Invest, providing guidelines and tools for corporate governance best practices in Jamaica, with versions for large enterprises and MSMEs.
• Crime Stop Programme A public safety programme administered by the National Crime Prevention Fund under PSOJ direction, offering anonymous tip reporting and cash rewards for information leading to arrests, recovery of stolen property, or seizure of illegal items.
• National Tree Planting Initiative (NTPI) An environmental initiative partnered with the Forestry Department to facilitate planting of 500,000 trees as part of Jamaica's national goal of planting three million trees in three years, supporting climate change mitigation and reforestation.
• PSOJ SME Resource Hub A comprehensive support center for SMEs offering business development tools, mentorship programmes, financing options, networking opportunities, and training workshops in partnership with JMMB Group and the University of the Commonwealth Caribbean.
• Private Sector MSME Resilience Grant Programme A grant programme providing direct financial assistance to micro, small and medium-sized enterprises (MSMEs) with grants of up to J$500,000 for business continuity and resilience improvements, implemented in partnership with JMEA and JCC.
• PSOJ Masterclass Series Educational training programmes including the Director's Strategic Guide to Corporate Governance Leadership, annual three-day MSME training on corporate governance best practices, and ongoing mentorship series for private sector leaders.

Named customers13 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

14 partnerships are on record, tiered core and minor.

• Jamaica Manufacturers and Exporters Association (JMEA)coreGTM or Marketing Partner · 25 June 2026PSOJ, JMEA, and JCC jointly launched the Private Sector MSME Resilience Grant Programme with over J$20 million secured. The programme provides grants up to J$500,000 to eligible MSMEs. JMEA members can apply through their association.
• Jamaica Chamber of Commerce (JCC)coreGTM or Marketing Partner · 25 June 2026PSOJ, JMEA, and JCC jointly launched the Private Sector MSME Resilience Grant Programme. JCC members are eligible to apply for grants up to J$500,000 for business continuity and resilience improvements.
• Council of Voluntary Social Services (CVSS)minorImplementation/ SI/ Consulting Partner · 25 June 2026CVSS manages grant disbursements for the MSME Resilience Grant Programme, ensuring transparent evaluation and fund distribution processes.
• VM GroupcoreStrategic or Co-development Partner · 24 June 2024PSOJ and VM Group signed a joint venture agreement for development of 32,000 sq ft commercial space at 39 Hope Road headquarters. VM Group (comprising VM Pensions Management, VM Wealth Management) brings development expertise and shares commitment to supporting Jamaican businesses. The project will create state-of-the-art sustainable commercial hub.
• Inter-American Development Bank (IDB)coreStrategic or Co-development Partner · 17 October 2023PSOJ and IDB launched 'EmpowerJA: Building Bridges for Business Success' programme focusing on digital transformation, cybersecurity, and sustainable workforce development. IDB provides funding and expertise for capacity building initiatives across the Jamaican private sector.
• JMMB GroupcoreStrategic or Co-development Partner · 15 August 2023PSOJ partnered with JMMB Group SME Resource Centre to launch the PSOJ SME Resource Hub. JMMB provides expert advisory services and discounted consultancy through its ecosystem, helping SMEs identify opportunities, optimize operations, and access financing options. The partnership aims to help SMEs scale and grow through financial solutions and expertise.
• University of the Commonwealth Caribbean (UCC)coreStrategic or Co-development Partner · 15 August 2023UCC Business Development & Consulting Institute (BDCI) partners to provide e-commerce support, record keeping and accounting services, research and development, training, and capacity building to SMEs through the PSOJ SME Resource Hub.
• Crime StopcoreOthersCrime Stop is administered by the National Crime Prevention Fund under the direction of PSOJ. The programme involves community, police and media partnership to fight crime through anonymous tip reporting and cash rewards for information leading to arrests.
• CONEP (Panama)minorStrategic or Co-development PartnerPSOJ signed an MoU with CONEP (Consejo Nacional de la Empresa Privada), the Dominican Republic's private sector business support counterpart. The partnership promotes knowledge exchange and enhances commercial and investment relationships between Jamaica and the Dominican Republic.
• CARICOM Private Sector Organization (CPSO)coreStrategic or Co-development PartnerPSOJ works with CPSO on regional integration initiatives including hosting the PSOJ-CPSO Business Breakfast Forum during CARICOM Heads of Government Meetings to advocate for trade reforms and CSME implementation.
• Economic Programme Oversight Committee (EPOC)minorOthersPSOJ is an affiliate partner of EPOC, which monitors Jamaica's economic programme and performance of key economic indicators under the Extended Fund Facility.
• Project STARminorOthersPSOJ affiliates with Project STAR, a crime prevention initiative in Jamaica.
• Kingston Wharves LimitedminorOthersHost of Latin American delegation tour showcasing Jamaica's logistics and shipping capabilities as part of Keys To LATAM Conference partnership with PSOJ.
• AdtelligentminorGTM or Marketing PartnerCo-host of Keys To LATAM Conference aimed at empowering Jamaican businesses to penetrate the Latin American market.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Jamaica Employers Federation (JEF): JEF represents Jamaican employers on labour, industrial relations and workforce policy, with a seat on PSOJ's Council. It is a direct peer in private sector advocacy, training and policy dialogue.
• Jamaica Hotel and Tourist Association (JHTA): JHTA is Jamaica's umbrella private sector body for hotels and tourism, represented on PSOJ's Council. It pursues a parallel advocacy, training and networking mandate for a single industry vertical.
• Jamaica Manufacturers and Exporters Association (JMEA): JMEA is a Jamaican industry association representing manufacturers and exporters, with representation on PSOJ's Council. It is a direct peer in sub-sector advocacy, SME/export support and government engagement, and a co-launcher of the MSME Resilience Grant.
• Jamaica Chamber of Commerce (JCC): JCC is a long-standing Jamaican private sector business association and co-launcher of the MSME Resilience Grant Programme with PSOJ. It competes for the same membership pool and works on overlapping advocacy, SME support and networking mandates.
• Jamaica Bankers Association: JBA is the trade association for Jamaican commercial banks, with representation on PSOJ's Council. It is a direct peer in financial-sector advocacy, networking and policy submissions to government.
• American Chamber of Commerce of Jamaica (AMCHAM Jamaica): AMCHAM Jamaica represents US-linked and international businesses in Jamaica, offering networking, advocacy and policy dialogue. It is a direct peer in business association membership services and trade-focused advocacy.

Emerging players

• Caribbean Hotel and Tourism Association (CHTA): CHTA is the regional Caribbean hospitality trade association, overlapping with the tourism industry bodies in PSOJ's Council. It is a comparable private sector association with a more vertical focus on hospitality and tourism.

Regional players

• Consejo Nacional de la Empresa Privada (CONEP): CONEP is the Dominican Republic's national private sector umbrella, with which PSOJ has an MoU. It is a regional peer with the same private sector coordination, advocacy and policy engagement model.
• Montego Bay Chamber of Commerce and Industry: Montego Bay Chamber is a sub-national Jamaican business association serving western Jamaica. It is a regional peer in membership representation, networking and SME support, but does not compete directly in Kingston.
• CARICOM Private Sector Organization (CPSO): CPSO is the regional umbrella private sector body for CARICOM member states and a direct partner of PSOJ. It is a regional peer in cross-border business advocacy, CSME implementation support and trade reform.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/thepsoj
• Facebookfacebook.com/thepsoj
• LinkedInlinkedin.com/company/psoj
• Instagraminstagram.com/psoj_jamaica

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Private Sector Organisation of Jamaica