Harsh reality!

By -
If you thank we cannot fix it, then I implore you to take a step back and let those who think we can fix it step forward.

Even if its just one person who feels it can be fixed can make a fix that will affect all others.

Now, how to fix it.

Well look at the problem and see where we can make changes.

Research on the island took me to a site called Grand Bahama Future blog. It felt like a ghost town left with the wind blowing. It has been abandoned. It takes more people seeing it and making posts.

I took at look at what Wikipedia had to say about Grand Bahama's economy and found this snippet, "
Tourism is the mainstay of the island's economy. The resort area at Port Lucaya and visits by cruise ships provide the bulk of this activity. Grand Bahama's tourism sector is complemented by the BORCO oil bunkering facility owned by Buckeye,[6] the South Riding Point oil storage and transhipment terminal owned by Statoil,[7] and a transshipment/container port partly owned by Hong Kong conglomerate Hutchison Whampoa and the Grand Bahama Port Authority. There are also quarrying operations on the island and a large shipyard.
There are two airports on the island: Grand Bahama International Airport in Freeport, and West End Airport in West End. Grand Bahama International Airport is the larger of the two, and West End Airport is open sporadically for private aircraft only."

Ok so from that we have it going on, but the people living here do not feel it as around me I hear of persons losing homes. The issue, unemployment and an even worst phenomenon called under employment.

When a hotel or any other business is allowed to hire and pay less than minimum wage and persons who speak out are given the boot is not something that is easily not fixed. There is a fix for that.

As was said in this blog before, if within it is not making a difference for you then your option is to engage the market outside the country.

Online businesses are growing and even your products do not have to be here for you to sell them.

Around the world there are so many opportunities and you do not have to be stationed anywhere.

I hear the laws regarding safe transfer of funds on the internet is being revisited by the Central Bank of The Bahamas so businesses like Pay Pal will be operational here (hopefully). But Central Bank says they have no issues with any large amount of money coming in but they do have an issue with the amount leaving. Things to research and strategise.

What does this mean for Freeport? Well it means that there can be no regularization of businesses that are online because the Government nor the quasi governments in this country have not dealt with such legislation yet and e-commerce can and should overtake the supposed milk cows of the past.

In the next post we are looking forward to giving ideas on ways to make money right where you are.

We also encourage comments on how to fix the problem called Freeport.


 

Comments

Post a Comment

Popular posts from this blog

Freeport in the 70's and 80's.

By -
Image
In a recent discussion with an acquaintance who is a long time resident of Grand Bahama, he said he hopes Freeport turns around to which I quickly reminded him of the days when we thought Freeport was going down. After the rush of the 50's and the 60s that ushered in a lot of constructions and the building of Freeport which pushed the natives to the outer areas, there came the 70s and the smaller investors leaving quickly. However, in the late 70s and early 80s there was still a lot of activity here. There were over ten big hotels on the island and two casinos. Also there was Sir Laker who came in to add Laker Airways to the airlift to this island. The industrial side was holding its own but things were beginning to taper off. Around this time there were calls of a diversification of industries in the country and to stop relying only on Tourism. Some complaints were flying that there were too many foreign croupiers and well qualified Bahamians who could do that same job Th...
Read more

Mountain top experiences

By -
Image
The Grand Bahama Port Authority is really going all out this year as they are not only hoping to bring in investors but also to create more investors/entrepreneurs at home.  This is a very favourable turn of events with the new Business Development Department. This conference would be the third event launched by the Port this year, the first being the My Grand Bahama Campaign, then the Customer Service Workshop and now the Economic Empowerment Development Conference.  As the world turns and the seasons for each place, especially Grand Bahama, is just about complete with its valley times for now, we are moving closer to the mountain and looking forward to some mountain top experiences. Here it's about setting a stage for all players to be ready. Grand Bahama will flourish with more residents. But for more residents, we need more money making reasons for people to travel and to live here.  If, for those who believe in Bahamians only, we cannot organi...
Read more

A pictorial look at Freeport 1950-1960s

By -
Image
Before hitting the great days of the 70s and 80s I found these photos of Freeport on Oldbahamas.com and thought to share them. Remember that unlike Nassau, New Providence, Freeport, Grand Bahama did not have the history. What history we have now is the growing up of Freeport and the entire island due to the formation of the Hawksbill Creek Agreement,  the Grand Bahama Port Authority and the Grand Bahama Development Company. A boom of energy and a vision that was all set, but later side tracked by the thought of sharing the profits was what we were left with and little though of how to recover and move on with proper legislation to assist all. Next week we look at the promises fulfilled by the G.B. Port Authority. Thanks again to Oldbahama.com. If you want copies of these photos just contact them for reprints.
Read more