Opportunities for East and West Grand Bahama

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With painstaking detail the Minister for Grand Bahama, Hon Dr. Michael Darville spoke to a packed room on Thursday evening in Eight Mile Rock on the already implemented business concessions that has been put in place as of July 1, 2014.

So all the businesses in Grand Bahama will be able to apply for duty free concessions ... provided they have a business license and the concessions they are asking for pertain to their business. Also of great interest, the owners with these concessions can now build duty free homes.

Here I have put it rather succinctly but there are some complications but this is the gist of what will be taking place.

A story was ran recently in the local daily about the first person to take advantage of this new business perk.

Also of great interest was the representative of the Bahamas Entrepreneur Venture Fund who spoke of the funds that will be available to those persons who are in need of help to further their business ideas.

Of course there are some things you must have in order to qualify for these funds:

You need to ask yourself if your idea/plan is viable?

Is it sustainable?

And will it be profitable?

The last question begged another question - are these grants that you have to repay?

But never the less it is something to try.

The point is, things are being put in place. It does not matter which governing body does it, you have it and the least you can do is try instead of assuming you won't get it. If at first you don't succeed, try, try again.

So, in the business world outside of Freeport, more can go on. It takes us to do it.

Im sure the Venture Fund is not just for outside of Freeport, as the representative said during the meeting, it's for Bahamians everywhere in The Bahamas.

Work your ideas and make sure you have air tight responses to these questions, then go for it.

If you need help in making sure your ideas are on par, there are consulting firms on island that do assist, such as Flint Stone Inc.

The excuses are getting less and less. What are you doing for you today?


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