Connect with us

News

Young Business Leaders Travel to the Netherlands For Providenciales Incubator

Published

on

Turks and Caicos, April 19, 2017 – Providenciales – The presidents of the Providenciales Chamber of Commerce and the Young Corporate Alliance, Kyle Smith and Dominique Rolle, travelled to Eindhoven, the Netherlands on April 10th to April 12th, 2017 to partake in an Incubator Exchange Program facilitated by COSME, the European Union programme for the Competitiveness of Enterprises and Small and Medium-sized Enterprises (SMEs).

A Business Incubator for Providenciales

IMG-20170419-WA0015The Young Corporate Alliance, a not-for-profit support network for local entrepreneurs 18-40 has advocated since its inception in 2015 for a business incubator on the island of Providenciales to provide affordable co-working office and creative innovation space for start-up businesses.  The vision to establish a purpose built facility providing affordable office amenities, business tools and mentorship, financing and angel investment partnerships, networking opportunities and organic cross-industry exchanges was set into motion at Invest Turks and Caicos’Enhancing National Competitiveness Conference on September 1st, 2016.  Whilst addressing the audience of hoteliers, investors, industry leaders, and public servants,YCA team leader Dominique Rolle proposed a public-private partnership to build the incubator in 2017.  The proposal found immediate support from Invest Turks and Caicos, the Centre for Entrepreneurial Development, and private sector partners such as the Digicel Group and Grace Bay Resorts.  A working committee was then formed in late 2016.  That team has to date secured a physical location for the first phase of the incubator and the funds to renovate it.  Having been made aware of this progress, COSME invited the young business leaders to participate in an Incubator Exchange Program in one of the world’s leading capitals for business incubation, technology, and creative start-ups: Eindhoven, the Netherlands.

Incubator Exchange in Eindhoven, the Netherlands

Over the course of three days, Smith and Rolle exchanged incubator business plans, budgets, architectural designs, operational systems, inspirations, and short term and long-term goals with Maarten Hendriks and John Sandiford of the Founded By All Creative Business Hub in Strijp-S, Eindhoven.

Of this exchange, the Chamber of Commerce president Kyle Smith said, “Being guided by the Funded by All team through brainstorming sessions reassured us of our planned approach toward conceptual design of the space and practical operation of the incubator, its phased implementation, and eventual expansion. We intend to develop a state of the art facility equipped with the resources and tools to ensure greater development of local entrepreneurs and their ideas.”

IMG-20170419-WA0017The exchange also provided the Turks and Caicos delegation the opportunity to connect with innovative companies led by young entrepreneurs operating successfully within co-working spaces.  A visit to High Tech Campus Eindhoven, one of the world’s leading locations for high-tech venture development and startup activity paired Smith and Rolle with teams of young designers developing self-driven vehicles, smart underwear, and muscle ultrasound technology.  At Microlab, a co-working building for makers and creators, the TCI team met with its 26-year-old CEO, Luuk Visser who guided a tour of multiple floors of co-working spaces supporting a diverse range of over 100 companies.

Upon returning home to apply the knowledge gained during the exchange, Dominique Rolle said, “It came at the right time. We’re moving strongly through the design phase and from design to construction with a view to complete the first phase of the incubator in 2017.  Our experience in Eindhoven was priceless in its generous provision of information, inspiration, and shared experiences from other young entrepreneurs and incubator founders.  We’re excited to this vision become a reality.”

Press Release: Providenciales Chamber of Commerce
Young Corporate Alliance

 

#youngcorporatealliance

 

Health

29 Million Strong, the World Salutes Nurses as International Nurses Day is Observed

Published

on

On Tuesday May 12, the world pauses to honor one of humanity’s most trusted, exhausted, resilient and indispensable professions — nursing.

International Nurses Day is observed annually on the birthday of Florence Nightingale, widely regarded as the founder of modern nursing, and comes at a time when global healthcare systems continue to rely heavily on nurses carrying extraordinary emotional, physical and professional burdens.

According to the World Health Organization, there are an estimated 29 million nurses worldwide, making nursing the largest professional group within the global healthcare workforce. Yet despite their numbers, many countries continue to face severe nursing shortages, burnout crises and migration challenges as healthcare demands rise faster than staffing levels.

Still, nurses remain the heartbeat of healthcare.

They are present at life’s first breath and often its final moments. They work through hurricanes, pandemics, emergencies and violence. They calm fear, interpret pain, comfort families and frequently become the bridge between doctors, patients and hope itself.

In small island nations like those across the Caribbean, nurses often carry even greater responsibility — serving communities where resources may be stretched, specialists limited and healthcare systems under constant pressure.

This year’s observance again shines a spotlight not only on the compassion nurses bring to their profession, but also on the growing global call for better pay, safer working environments, improved mental health support and stronger investment in healthcare staffing.

For many people, the most memorable face in healthcare is not always the surgeon or specialist — it is the nurse who stayed a little longer, explained a little more gently or cared a little more deeply during a difficult moment.

Tomorrow’s observance is therefore more than ceremonial.

It is a reminder that behind every functioning hospital, clinic, emergency room, health center, operating theatre and recovery ward stands a nurse — often overworked, sometimes underappreciated, but consistently essential.

To nurses across The Bahamas, Turks and Caicos, the Caribbean and the wider world: thank you for showing up, even on the hardest days.

Developed by Deandrea Hamilton • with ChatGPT (AI) • edited by Magnetic Media.

Continue Reading

Finance

TCI Financial Services Opens Debate on Cryptocurrency Rules 

Published

on

Turks and Caicos, May 12, 2026 – A new era of digital finance regulation could be on the horizon for the Turks and Caicos Islands, as the Financial Services Commission moves to establish a legal framework for virtual assets and cryptocurrency-related businesses.

The TCI Financial Services Commission on Friday launched a public consultation on its proposed Virtual Assets Business Bill, 2026, legislation designed to regulate virtual asset service providers, stablecoin issuers and other digital asset activities operating in or from the territory.

Globally, governments and regulators have been racing to catch up with the rapid growth of digital currencies, blockchain technology and online financial platforms. Concerns over money laundering, cybercrime, fraud and the collapse of poorly regulated crypto exchanges have pushed jurisdictions to tighten oversight while still trying to attract financial innovation and investment.

The proposed TCI bill appears aimed at positioning the territory within that evolving international framework.

According to the FSC, the legislation is aligned with international standards and guidance from bodies including the Financial Action Task Force, International Organization of Securities Commissions and the Financial Stability Board.

The Commission said the bill would introduce a “comprehensive licensing, supervisory, prudential and enforcement framework” for the sector. The proposed law includes anti-money laundering and counter-terrorism financing obligations, cyber resilience requirements, enforcement measures and even a regulatory sandbox intended to support innovation.

Among the notable features are proposed reserve and governance rules for stablecoins, which are digital currencies typically tied to traditional assets like the US dollar. The draft legislation also outlines exemptions for certain technology providers and closed-loop token systems.

The FSC said the consultation period is intended to gather public and industry feedback before the bill is submitted to Cabinet next month. Written submissions must be received by June 8, 2026.

The consultation paper and draft bill have been published on the FSC website for public review.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

Continue Reading

News

Conch Farm Site to become New Home for Watersports Operators

Published

on

$12 million acquisition signals marina plan, not return of commercial conch farming

 

Turks and Caicos, May 12, 2026 – The Turks and Caicos Islands Government’s acquisition of the former Conch Farm property is not shaping up as a revival of the once world-famous aquaculture operation in Long Bay.

Instead, the $12 million purchase appears headed in a very different direction — transforming the sprawling waterfront site into what could become the new operational home for scores of marine and watersports operators who have long struggled for space along the eastern shores of Providenciales.

And for many observers familiar with the growing tensions in those areas, the move may actually make more sense than first believed.

Over the years, the rapid expansion of jet ski operators, charter boats, parasailing businesses and excursion companies along eastern beach and marina areas has increasingly created disputes over access, launching rights, docking space and territorial use of waterfront locations.

At times, those disagreements have reportedly escalated into confrontations serious enough to require police intervention.

Now, according to comments delivered by Premier and Finance Minister Charles Washington Misick during debate on the 2026/27 Budget, government intends to use the former Conch Farm property to bring greater order and infrastructure to the rapidly expanding marine sector.

“The acquisition and redevelopment of the Conch Farm property at Long Bay, Providenciales, is a strategic Government investment to strengthen the rapidly growing marine and water sports sector,” the Premier said.

He explained that the project is envisioned as:

“a safe, clean, and well-managed public marina dedicated to local operators.”

The Premier also pointed directly to the growing number of young Turks and Caicos Islanders entering the marine tourism industry since the COVID-19 pandemic.

“So many of these operators are young Turks and Caicos Islanders who have turned to self-employment since COVID-19,” he stated during the Budget presentation.

Government says the marina would provide affordable and regulated launching facilities while creating space for docking, boat services, small vendors, maintenance operations and other marine-related businesses.

The proposal also aims to formalize portions of an industry which has expanded rapidly alongside the country’s booming tourism economy.

“Best of all it ensures that the benefits of our booming tourism industry are retained right here in Turks and Caicos communities,” the Premier added.

The clarification significantly changes early public assumptions that government was preparing to revive the commercial conch farming operation once associated with the property.

The original Caicos Conch Farm was widely regarded as the world’s first and only commercial conch farm before hurricane damage, operational struggles, policy disputes and legal battles eventually led to its closure.

Now, while the historic name and marine legacy remain attached to the site, the government’s immediate vision appears centered far more on marine infrastructure and economic activity than on aquaculture.

And in a tourism economy increasingly dependent on marine excursions and water-based experiences, the move could ultimately reshape one of the most contentious and overcrowded corners of Providenciales’ tourism landscape.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

Continue Reading

FIND US ON FACEBOOK

TRENDING