Minnis promotes investment in Texas trip
As he addressed the Austin Technology Council and the Texas Association of Business yesterday, Prime Minister Dr. Hubert Minnis lobbied representatives from various technology companies to consider investing in Grand Bahama.
Pointing to the recently passed Commercial Enterprises Act, which liberalizes the granting of work permits to an enterprise that wishes to establish itself in The Bahamas, Minnis argued that now is the time to invest in The Bahamas.
The audience members included representatives from the ridesharing company Lyft, Dell, Google, Providence Energy, Silicon Labs and gaming company Gearbox Software, among others.
“The Bahamas is currently finalizing programs for blockchain-based solutions, fin-tech and crypto-currency companies and intends to promote blockchain as a sub-industry within ICT,” he said.
“We are currently engaged in discussions on how we can fast-track work permits and ensure that companies who employ U.S. and foreign talent can retain these employees in The Bahamas.
“We remain open to tailor-making packages specific to a company’s needs, allowing them to retain their talent without increasing cost.
“Legislation has been passed in our Commercial Enterprise Act, which will streamline business applications and immigration processes in order to facilitate new technology businesses.
“Freeport, Grand Bahama has great promise as a digital center.
“Our nation’s second city has superb communications infrastructure so you are always connected. Freeport has two major ISPs with independent terrestrial, subterranean, sub-sea and wireless networks.”
Minnis said his government embarked on a major mission to establish Grand Bahama as a world-renowned technology hub.
“Grand Bahama is uniquely suited to become an internationally recognized science, technology and innovation hub,” he said.
“We invite you to consider Grand Bahama as you plan your next start up or the expansion of your international enterprise.”
He described Grand Bahama as “undeveloped with unpolluted land and buildings just waiting to be utilized in the city of Freeport”.
“Additionally, Freeport houses the island’s highly reliable power company,” he said.
“My government prioritizes maintaining close relations with our service providers.
“I am pleased to say that Grand Power Company has expressed its preparedness to be flexible in rates particularly for new technology companies.”