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News : Grand Bahama Last Updated: Feb 13, 2017 - 1:45:37 AM


Domestic Investment Projects Driving Economic Rebound‏
By Grand Bahama Port Authority
Nov 26, 2014 - 10:04:48 PM

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IMG.1.GBPA_President_Ian_Rolle__Gives_Remarks_At_Wendy_s_Opening.jpg
GBPA PRESIDENT, IAN ROLLE REMARKS ON DOMESTIC INVETMENTS THAT DRIVE THE ECONOMIC REBOUND OF GRAND BAHAMA (From Left) Carlos Ribas, VP & Managing Director, Wendy’s Latin America & Caribbean; Darrell van Ligten, President, Wendy’s International Division; Ian Rolle, GBPA President; Christopher Tsavoussis, President Wendy’s Bahamas and Yolanda Pawar-Bain, Marketing Manager, Wendy’s Bahamas.

Freeport, Bahamas – The $2M investment for the construction of Wendy’s new flagship location was described as “A clear indication of investor confidence and continued commitment to the Grand Bahama economy,” by President of The Grand Bahama Port Authority, Limited (GBPA), Ian Rolle, during his remarks at the official opening of Wendy’s recently.

“The opening of Wendy’s new flagship location marks a special occasion on numerous levels, not only for the owners of the Wendy’s franchise, but for the Grand Bahama community as well,” stated Rolle. “I say this because; today we share in celebrating a milestone of success for a local business and investor,” he continued.

Elaborating on other investment projects by franchise owner Mr. Chris Tsavoussis, Rolle added that Wendy’s is one of many, where domestic investment projects are on the rise indicating that the economy is making a steady rebound.

“Over the past eighteen months, Freeport has seen significant financial output by local investors,” the president noted.  “Projects such as the refurbishment of the former Home Centre building by Freeport Ship Services, the expansion project at Bahamian Brewery, and the relocation and refurbishment of facilities for both Island Bedding and Caribbean Bottling, have created temporary and  permanent jobs for the local economy.” Rolle continued, adding that there were also a number of other projects carried out on a smaller scale. “Large or small, we must acknowledge these investments and the value they contribute to moving the economy forward.”

IMG.2.WENDY_S_OFFICIALS_CUT_RIBBON_OF_FLAGSHIP_RESTAURANT.jpg
RED RIBBON CUTTING AT THE OPENING OF THE FLAGHSIP WENDY’S RESTAURANT (From left) Jane Basden, Wendy’s General Manager for Grand Bahama; Kevin Seymour, President of Grand Bahama Chamber of Commerce; Randy Sands, Vice President of Operations for Wendy’s Bahamas; Yolanda Pawar-Bain, Marketing Manager for Wendy’s Bahamas; Father Constantine Xanthakis, Greek Orthodox Church; Darrell van Ligten, President for Wendy’s for Wendy’s International Division; Terry Tsavoussis, Vice President for Wendy’s Bahamas; Christopher Tsavoussis for Wendy’s Bahamas; Ian Rolle; President of Grand Bahama Port Authority; Carlos Ribas, Vice President & Managing Director for Wendy’s Latin America & Caribbean and Hon. Neko Grant, MP for Central Grand Bahama.

According to Rolle, domestic investment activity, across a broad range of business sectors, has been encouraging over the past eighteen months.

“The economy is slowly rebounding; key indicators show clear investment and reinvestment activity, especially from the domestic sector. This is a very good sign going into the New Year,” Rolle concluded.


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