Bahamas News

Another Tech company to open offices in Grand Bahama

#Freeport, GB, January 18, 2019 – Bahamas – The Office of the Prime Minister in Grand Bahama has made another step towards its goal of transforming Grand Bahama into a Technology Hub, not just in The Bahamas, but also in the region.

Minister of State for Grand Bahama in the Office of the Prime Minister, Senator Kwasi Thompson welcomed the Principals of DevDigital Software, during a press conference at OPM on Wednesday, January 16, 2019.

“They are in the final step to their operation, which is obtaining a license from the Grand Bahama Port Authority,” said Minister Thompson. “That is in process.”

DevDigital is a leading software and web development company based in Nashville, Tennessee, and although the company is still in the process of finalizing the setting up of their office in Freeport, they have already signed clients, including Global Sun Integration and Carib Nation.

“We are pleased that DevDigital has decided to make this move to The Bahamas,” said Minister Thompson. “The company is a fully and well-established software development firm, which operates in the United States and other countries around the world and we are so pleased that they have chosen The Bahamas as a place in which to invest, but particularly pleased that they have chosen Grand Bahama, as a place to open an office.

“They have stated that they are very interested in continuing to build with the government and with the partners here in Grand Bahama, the concept of the Tech Hub in Grand Bahama. We welcome DevDigital to Freeport and we are sure that we will continue to benefit as a result of DevDigital’s being here in Grand Bahama.”

The Minister noted that DevDigital has taken full advantage of the government’s newly-enacted Commercial Enterprise Act to establish their office in Grand Bahama.  He stated the Act was passed by the government to attract investment to The Bahamas, and that Grand Bahama has been receiving its share of interest and applications from a number of companies interested in setting up shop on the island.

“Grand Bahama is experiencing the significant benefits of the Commercial Enterprise Act and we are pleased that a company like DevDigital has been approved by the government under this Act, to operate as a full software development firm in The Bahamas. What’s even more pleasing is the fact that they will be setting up their office here in Grand Bahama,” he said.

Another tech company was one of the first to take advantage of the Commercial Enterprise Act – namely, GIBC Digital, a successful company operating in Grand Bahama. 

“The government was also able to approve both within a 30-day period, which we believe is a significant improvement to the ease of doing business in The Bahamas.”

As part of its commitment to further enhance the ease of doing business in Grand Bahama, Minister Thompson highlighted the newly formed Investment Unit in the Office of the Prime Minister in Grand Bahama.  He noted that the Unit has been set up to make the process for investment easier, and to provide better service to Bahamians and foreign investors.

“The Unit, which is an arm of the Bahamas Investment Authority, has for the first time in Freeport begun to accept and process applications, and draft papers for approval.  DevDigital was one of the companies receiving assistance from one of our officers in Grand Bahama.”

CEO of DevDigital, Peter Marcum said that they are looking forward to the launch of their new offices in Grand Bahama.  DevDigital has offices in the United States, India and Zambia.  Mr. Marcum said: “We see our role here in Grand Bahama as a jumping off point into other markets throughout the Caribbean.  But we see The Bahamas as ideal to set up our regional office.”

 

By Andrew Coakley

Release: BIS

Photo Caption: During the announcement of DevDigital’s investment in Grand Bahama, Minister of State for Grand Bahama, in the Office of the Prime Minister, Senator Kwasi Thompson announced the establishment of the Investment Unit within OPM.  At right are members of the Investment Unit.  

 

(BIS Photo/Lisa Davis)

 


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