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Chairman: BAIC ‘stepping up its game’ in funding, training

The Bahamas Agricultural and Industrial Corporation (BAIC) will be “stepping up its game” in the funding and training arena in order to assist more entrepreneurs, the corporation’s newly appointed chairman, Gregory Collie, said Friday.

Collie said the corporation is about more than just agriculture, and said it will be looking at providing more assistance to people seeking financing, training and business plans.

“Whatever area they wish to establish a business, we will be here for them to get them started,” he said.

He added that BAIC has partnered with the Ministry of the Environment and Housing on a plastic ban initiative that will see reusable bags provided for businesses.

In addition, BAIC has large real estate holdings it is eager to provide for those business people who might have a need.

“BAIC is interested in helping young entrepreneurs in any way we can,” said Collie. “We’re not only involved or focused on agriculture; we are multifaceted and we are prepared.”

He said on Friday that the corporation has placed a serious focus on its real estate inventory and will be pursuing its tenants who have been delinquent in their lease payments.

“Those persons who remain delinquent, I can send out a warning now that they need to get their house in order and ensure they are compliant with their leases,” Collie said.

He said BAIC’s Soldier Road park currently has 14 tenants, while its and Gladstone Road location has 25.

BAIC broke a number of leases with delinquent people already, Collie said, and is interested in having the entire park occupied “because it does the corporation no good to have them vacant”.

“Those who have the ability and desire, we encourage them to come to BAIC and we’ll see how we can assist them in their business venture,” he said.

Chester Robards

Senior Business Reporter at The Nassau Guardian
Chester Robards rejoined The Nassau Guardian in November 2017 as a senior business reporter. He has covered myriad topics and events for The Nassau Guardian.
Education: Florida International University, BS in Journalism
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