Flipping Grand Bahama

Last week the Grand Bahama Outlook was held at the Lucayan Grand Resort at which their were a number of interesting speakers. Today I give you the entire speech from Sarah St. George, Co-Chairman, Grand Bahama Port Authority. First, I’d like to thank Joan Albury and the Counsellors for another year’s dedication and hard work on this invaluable forum to discuss the Business Outlook for Grand Bahama with the community. I’d like to acknowledge our Grand Bahama Port Authority team. Ian Rolle President, Deann Seymour CFO, Karla McIntosh General Counsel, Derek Newbold Head of New Business Development, Troy McIntosh City Manager, LaShawn Dames of InvestGrandBahama, Telina Smith Head of Community Relations, Christine van der Linde Head of Customer Services, Nakira Wilchcombe Head of the Environmental Dept, Kimberley Miller Head of Group Corporate Affairs, and Aldora Toote my right hand. I’d also like to acknowledge Chuck Pratt Head of Freeport Commercial, Geron Tur...

Just five months away, the taxation part of the Hawksbill Creek Agreement is expected to drop away if the Government of The Bahamas and the principals of the Grand Bahama Port Authority do not come to another agreement. The Prime Minister Mr. Perry Christie said he is setting up a committee to deal with this and expects that the committee this has not be established yet, will come to a conclusion in more than enough time to be signed before August 5, 2015. With talks still waiting with the public, the Grand Bahama Port Authority stated their feelings during the recent Grand Bahama Business Outlook. Sarah St. George, Vice Chairman stated now is the time to unleash the economic potential Freeport and to do so by extending the concessions under the Hawksbill Creek Agreement. "Extending the concessions will boost investor confidence within and without Grand Bahama. It will attract new investors and last but not least it will significantly increase Freeport's direct and ind...