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News : Grand Bahama Last Updated: Feb 6, 2017 - 2:32:04 PM

G.B. Port Authority assists with fieldwork for Investment Guide
Dec 3, 2013 - 1:53:42 PM

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ACT FINDING MISSION: In advance of preparation of an official Investment Climate Guide for The Bahamas, representatives of the United States Embassy recently visited Grand Bahama and were welcomed by officials from The Grand Bahama Port Authority Limited (GBPA). Pictured (left to right): Charles Pratt, Commercial Manager, GBPA; Deann Seymour, Chief Financial Officer, GBPA; Ian Rolle, President, GBPA; Alexander Sokoloff, Policy/Economic Chief, United States Embassy; Ginger Moxey, VP, GBPA; Hank Ferguson, consultant to the United States Embassy; and Karla McIntosh, Senior Legal Counsel, GBPA.

Freeport, Bahamas –  Whilst on island recently, Alexander Sokoloff, Policy and Economic Chief of the United States Embassy, met with officials of The Grand Bahama Authority, Limited (GBPA). The purpose of his introductory visit was to become better acquainted with the island in advance of his department’s preparation of the forthcoming Investment Climate Guide for The Bahamas.

President of the Port Authority, Ian Rolle, praised the embassy and Mr. Sokoloff for their initiative in visiting Grand Bahama for onsite familiarization.  “We are pleased to welcome you, “ stated Rolle.  “Due to its unique features, Freeport offers substantial benefits to potential investors.  Our proximity to the U.S. mainland, modern infrastructure, and free trade zone put us in a very enviable position.”  

Mr. Sokoloff explained that preparation of the Investment Guide is specifically mandated by Congress.  “It basically looks at the ease of doing business in a certain jurisdiction.  Are there any obstacles to investments, are all investors treated equally, and what is the overall investment climate per se,” he revealed.  “We haven’t done as much on Freeport by itself in the past, but in preparing this report we wanted to expand on focused areas for investment and gross opportunities.”

In response, President Rolle noted that general categories of interest include: trade, tourism, technology, real estate and energy, with particular focus on developing related types of businesses or clusters.  Citing the arrival of Island Outsourcers’ new call centre and the soon to be opened, Okyanos Heart Institute, Rolle added that the present business climate in Grand Bahama is ripe with opportunity, with a major resurgence close at hand.

These face-to-face discussions were a follow-up to earlier meetings with embassy officials in Nassau, where GBPA executives were given an opportunity to showcase an ‘Invest Grand Bahama’ presentation earlier this year.

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