Bahamas Trade Mission to Washington, D.C. Seeks to Attract Investment

Pictured, Senator the Hon. Kwasi Thompson leads members of the Trade Mission.

A Bahamian delegation, led by Minister of State for Grand Bahama, Senator the Hon. Kwasi Thompson has today, March 5, completed the first day of its Trade Mission to Washington, D.C.  The delegation includes the Bahamas Ambassador to Washington, D.C. His Excellency Sydney Collie, President of the Bahamas Chamber of Commerce Edison Sumner and other Chamber officials, officials of the Ministry of Tourism, the Bahamian Embassy, and the Grand Bahama Port Authority. The purpose of the trade mission is to have a dialogue with US companies, US government officials, US Chambers of Commerce and the business community to attract business and investment to The Bahamas, and more particularly Grand Bahama.

Today the delegation met with Neil Herrington, Senior Vice-President, United States Chamber of Commerce, and informed him of new initiatives to attract investors such as the Commercial Enterprise Act and reforms with respect to ease of doing business.   Also discussed was the Technology Hub Initiative by the government for Grand Bahama, and the desire to attract technology businesses to Grand Bahama. Discussions also centered on the opening a US Chamber office in Grand Bahama to help attract investment.  In the afternoon, the delegation met with Alexander Peacher, Office Director of the US Department of Commerce, on ways the US Government can assist in making The Bahamas even more attractive for investment.  The group also met with Belen Gallegos of Select USA, which is an arm of the Department of Commerce that can assist Bahamian companies set up and access the US market. In addition, they met with US Exim Bank to discuss ways Bahamian companies can access funding.  On Tuesday the group will meet with US companies and the DC Chamber of Commerce on trade and investment opportunities for Grand Bahama and The Bahamas.

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