Minister of State for Grand Bahama Kwasi Thompson declared Tuesday that the government needs to continue to “spread the message internationally that Grand Bahama is open for business”.
Thompson made the statement after representing government at the Commonwealth Business Forum at the Commonwealth Heads of Government Meeting (CHOGM) 2018 in London, England.
An integral part of CHOGM, the forum brought together businesses critical to trade and investment with government leaders to debate the issues facing their countries in 2018 and beyond.
“We discussed ways to foster the necessary political leadership and access the essential talent, finance and infrastructure to build our technology industry,” said Thompson.
“We also met with tech companies with a view to encouraging investment in Grand Bahama. Grand Bahama’s recovery will require work at home and work abroad. Local and foreign investment is needed for more job creation.
“We must continue to spread the message internationally that Grand Bahama is open for business and it is a good place to invest.”
The Bahamas delegation participated in an invitation-only roundtable discussion on ‘Developing the Digital Economy’. The global economy is undergoing a digital transformation, presenting both opportunities for growth and modernization.
It was a necessary step, according to Thompson, for the government to be able to increase trade and investment in Grand Bahama.
“We discussed what The Bahamas and in particular Grand Bahama can do to increase growth of the digital economy and how The Bahamas can create the essential conditions necessary for tech start up businesses to emerge and grow,” he said.
“This was in keeping with The Bahamas’ vision of creating a technology hub in Grand Bahama. The discussions with other government leaders were also helpful in making progress on The Bahamas block chain and crypto currency framework.
“The meeting showed that our strategy is consistent with world trends in the technology industry. It is hoped that these meetings will help in executing our plan to revitalize Grand Bahama.”