Turks and Caicos Islanders will lead new Invest TCI board

Providenciales, 17 Apr 2015 – The Invest TCI board leaders have been approved at Cabinet and are just about ready to get going; this revised version of the country’s investment agency replaces the dismantled TC Invest. Not only are two Turks and Caicos Islanders named to this vital unit, but we learn that the National Insurance Board Chairman, Colin Heartwell, will get early leave to act as consultant to Invest TCI. Finance Minister, Washington Misick is quoted in the press release issued late today as saying: “Our economy can only benefit by having an expert team working to bring together the needs of business and government in a more co-ordinated and coherent manner.” A banker and an attorney were approved by Cabinet for the inward investment agency chairs; they are Anton Faessler as Chairman and Tremaine Swann-Harvey as his Deputy.

BWI Consultancy, which is owned by permanent resident, Colin Heartwell, reportedly won the opportunity to be consultant to the agency after a procurement process. TCIG shared: the TCI Government issued open tenders for consultancies for the TCIG Business Reform Strategy. One consultancy was for a Programme Director to lead the Business Reform Strategy initiative and the other consultancy was for an Investment Promotion Expert to assist the Board to develop institutional capacity; to strengthen and support investment promotion and economic development and; develop practical tools for the planning and managing of investments. Interested Bidders were invited to apply for one or other of the consultancies. Two tenders from within the TCI were received. Next is to appoint the remaining members of the Invest TCI board; it is said Turks and Caicos Islanders will be able to apply for those posts.