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Deputy Prime Minister Davis encourages industry leaders to invest in The Bahamas
By Llonella Gilbert, BIS
Apr 25, 2013 - 1:48:07 AM

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Governor General Sir Arthur Foulkes greets a delegate from the Southern Regional Board of the World Presidents’ Organisation while Deputy Prime Minister and Minister of Works and Urban Development the Hon. Philip Davis looks on. (BIS Photo/Patrick Hanna)

Nassau, The Bahamas - Deputy Prime Minister and Minister of Works and Urban Development the Hon. Philip Davis encouraged Young Presidents’ Organisation (YPO) and World Presidents’ Organisation (WPO) members to look critically at The Bahamas as a place where they could invest.

The Deputy Prime Minister was speaking at a reception and dinner for the Southern Regional Board members of the Organisations hosted by Governor General His Excellency Sir Arthur Foulkes and Joan Lady Foulkes at Government House, Monday, April 22, 2013.

The Southern Region includes the Southern portion of the United States, The Bahamas, Jamaica and Barbados. Members are in Nassau attending regional meetings that will conclude Wednesday, April 24.

YPO is comprised of successful young chief executives in a global network. Founded in 1950 in New York City by a young president named Ray Hickok, the organisation unites approximately 20,000 business leaders in more than 120 countries around a shared mission: Better Leaders Through Education and Idea Exchange™.

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Deputy Prime Minister and Minister of Works and Urban Development the Hon. Philip Davis brought remarks at the reception and dinner for members of the Southern Regional Board of the Young Presidents’ and World Presidents’ Organisations hosted by Governor General Sir Arthur Foulkes and Lady Foulkes at Government House, Monday, April 22, 2013. (BIS Photo/Patrick Hanna)

To join YPO, a potential affiliate must be under the age of 45 and the chief operator (CEO, managing director, president, chairman or equivalent) of a company that fulfils"minimum size and revenue requirements.

Upon turning 50, members transition from YPO into WPO (World Presidents’ Organisation), which allows them to continue reaping the benefits of the YPO experience while also recognising their priorities may have shifted over time.

Deputy Prime Minister Davis told the gathering, “We are concerned to invite businesspersons to come to do business with us and invest in our jurisdiction because we offer the means for you to grow your business while, at the same time, participating in the growth of our economy and our people.”

He added that those visiting will have the opportunity to interact with Bahamians during the meetings.

“I suggest that you would be well served to judge us by the quality of the excellent people you will meet here. Talk with any of us to discern if our national ambitions for growth and development are a real fit with your individual ambitions.”

The Deputy Prime Minister said The Bahamas has achieved notable success in the Tourism and Financial Services sectors and has a continuing interest and involvement with manufacturing, farming and fishing.

He noted that 30 per cent of the YPO’s membership is classified as ‘entrepreneurs’ and some 20 per cent are in the international arena; 42 per cent are in sales and service and 20 per cent are classified as ‘professionals’.

“Looking at these statistical extracts, one is struck at how good a fit we would be and how much room there is for mutual growth represented in their realities. I submit that you take a critical look at The Bahamas.”

Chairman of The Bahamas Chapter of the YPO and President, Arawak Homes, Franon Wilson and another member of the Bahamas Chapter, Franklyn Butler, received special awards and recognition during the dinner and reception.


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