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BAHAMAS: PM’s Remarks at Austin Technology Council/Texas Association of Business

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#UnitedStates, January 24, 2018 – Austin, TX – Distinguished ladies and gentlemen, Good morning, I am delighted to be here with you this morning The Bahamas, like Canada and Mexico, is among the closest geographic neighbors of the United States.  To offer you some geographical perspective, the Bahamas’ archipelago extends southwest from Southern Florida in the United States to northern Cuba.

Our far-flung archipelago, with approximately 21 major islands and many hundreds of cays and islands, extends from north to south, approximately the same geographic length from the northern to the southern end of Britain.  To put it another way, The Bahamas extends from north to south, the same distance as from Puerto Rico to Trinidad and Tobago off the coast of South America.

We are just 50 miles off the coast of Florida, less than half hour’s journey by air from our capital, Nassau.  This proximity is partly responsible for the longstanding good neighbour relationship which exists between our two countries.  There are long and well-established ties between The Bahamas and the United States.  The Bahamas is among the oldest parliamentary democracies in the Western Hemisphere.   We have a stable government, a well-established and respected legal system with The Privy Council in London as the highest court of last resort.

Our English-speaking population of nearly 400,000 people is proud, patriotic and peaceful.  Our economy has historically been based on tourism and while tourism will always be the main driver of our economy, we also appreciate the need for economic diversification.  With this in mind, late last year we passed legislation known as the Commercial Enterprises Act.

The intent of this Act is to offer incentives to investors who establish businesses in The Bahamas that would help us in our diversification drive while also creating higher paying jobs and long-term job security.  Under this legislation, investors in captive insurance, reinsurance, arbitration, wealth management, computer programming, maritime trade, nanotechnology, biomedical industries, data storage, call centers, software design and writing will be given a number of concessions and incentives if they were to locate in The Bahamas.

Ladies and Gentlemen: My government has embarked upon a major mission to establish The Bahamas, particularly Grand Bahama Island, as a world-renowned technology hub.  Grand Bahama is the second most populous island in The Bahamas, with excellent modern infrastructure.  The capital, Freeport, is in short flying distance from Florida, and enjoys US Immigration and Customs Pre-Clearance.

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This past November, through our first ever Grand Bahama Technology Summit, we started on the path to realize this goal.  We had the opportunity to host some of the finest minds in technology locally and from international tech giants. Grand Bahama is uniquely suited to become an internationally recognized Science, Technology and Innovation hub.  We invite you consider Grand Bahama as you plan your next start up or the expansion of your international enterprise.  Grand Bahama and The Bahamas possess modern and superior infrastructure, modern roads, constant and reliable electricity supply of North-American standards, fully digital telecommunications and high quality high-speed internet.

We also have a wide variety of public and private schools, both elementary and secondary, as well as the University of The Bahamas.  We realize that an integral component of the continued growth of our economy is by developing human capacity through education.  I am pleased that our schools and university are committed to maintaining modern and strong curriculum standards to prepare our people for a growing job market.

Bahamians are also among the most technologically savvy people in the Caribbean.  Our recent Technology Summit highlighted several Bahamians who are at the cutting edge of innovation and technology.

Ladies and Gentlemen: Grand Bahama has proven to be an attractive place for manufacturing cutting-edge technology.  Corporation has identified Grand Bahama as the ideal location to configure and assemble the Ocean Medallion concierge system.  This interactive technology is expected to change the cruise experience and we are proud to house its development center in the Grand Bahama.

The Bahamas is currently finalizing programs for blockchain-based solutions, fin-tech and crypto-currency companies and intend to promote blockchain as a sub-industry within ICT.  We are currently engaged in discussions on how we can fast-track work permits and ensure that companies who employ US 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 Bahamahas 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.  The city also boasts diverse network paths, self-healing metro, inter-island and international networks.  Home connectivity in Freeport is measured up to 100 megabit per second, having providing business services via copper and fibre, with speeds exceeding 1 gigabit per second.

Freeport is one of the most unique areas of the entire Bahamas, being that it is managed by the Grand Bahama Port Authority, a private city management organization, in conjunction with the national government.  In the early development of the City of Freeport, The Grand Bahama Port Authority created the Hawksbill Creek Agreement, which established Freeport (The “Port Area”) as a free trade zone.

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Under the Hawksbill Creek Agreement, business owners enjoy the benefits of a tax neutral jurisdiction.  There is no capital gains, real property or corporate income tax.  Freeport is especially suited for development, as the pre-planned city has not yet nearly met its capacity.  Undeveloped, unpolluted land and buildings are just waiting to be utilized in the City of Freeport.

Additionally, Freeport houses the island’s highly reliable power company.  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.  Additionally, The Freeport Container Port boasts the deepest container terminal in the region.  The 24-hour a day facility serves as a major transshipment hub between the US, Latin America, Europe.

Freeport proudly boasts advanced building codes – some of the strongest in the Western Hemisphere – and a communications infrastructure that has withstood major hurricanes. Data Centers established in Freeport have not been impacted in any hurricane season.  The Bahamas enjoys economic and monetary stability.  We have a skilled workforce at competitive rates.  We have world-class infrastructure.  We have a progressive immigration policy designed to attract talented professionals from across the globe.   The Bahamas offers modern educational and health facilities, a wealth of cultural events, and pristine beaches which all adds up to luxury living at its finest.

On behalf of the Government and the entire people of our great nation, I sincerely thank you for your time.   I look forward to future partnerships as we embark on this new beginning for The Bahamas.  It is not just Better in The Bahamas in terms of the visitor experience for tourists.  The Bahamas is also an excellent place for investment, and we continue to get even better.

Thank you and good morning.

 

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Nassau Cruise Port Marks Sixth Anniversary with Exciting New Additions for Visitors and The community

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[Nassau, Bahamas, October 8, 2025] Nassau Cruise Port (NCP) proudly celebrates its sixth corporate anniversary by unveiling a series of transformative additions that further enhance the guest and community experience. The anniversary comes at a pivotal moment in the growth of the port, with the opening of a new swimming pool, an expanded marina, and a state-of-the-art ferry terminal that will support transfers to the Royal Beach Club, which is currently under construction on Paradise Island.

Since its $300 million redevelopment, Nassau Cruise Port – the largest transit cruise port in the world – has welcomed millions of visitors and become one of the most vibrant cruise destinations in the world. This anniversary not only reflects its commitment to delivering world-class facilities, but also its dedication to creating meaningful connections between visitors and the Bahamian community.

“This milestone represents much more than the passage of time,” said Mike Maura, Jr., CEO and Director of Nassau Cruise Port. “It reflects our promise to continually elevate the guest experience, contribute to the local economy, and provide opportunities for Bahamians. During our first year (2019) of operating the Nassau Cruise Port, Nassau welcomed approximately. 3.85 million cruise guests, and 2025 will see well over 6 million cruise visitors visit Nassau. Our focus on driving cruise tourism and the $350 million investment in our downtown waterfront is a testament to our vision of making Nassau a premier cruise and leisure destination.”

The new pool offers a refreshing retreat for visitors enjoying Nassau’s waterfront, while the expanded marina will accommodate additional yachts, boosting tourism and local commerce. The ferry terminal expansion enhances passenger flow and supports convenient, seamless transfers to the Royal Beach Club, strengthening Nassau’s position as a hub for Caribbean cruising and leisure.

As part of its anniversary celebrations, NCP will host a series of internal and external activities to celebrate its team and to highlight its ongoing investments in the Bahamian economy, including job creation, local vendor opportunities, and cultural showcases at the port.

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Next U.S. Ambassador?  Walker Pledges Business-Driven Approach as U.S. Looks to Counter China in The Bahamas

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Deandrea Hamilton | Editor

 

The Bahamas, September 16, 2025 – For the first time since 2011, the United States is on the cusp of sending an ambassador to The Bahamas — and the nominee, former football star turned entrepreneur Herschel Walker, is promising to bring his business instincts to the diplomatic table.

Speaking before the Senate Foreign Relations Committee last week, Walker underscored that his background in food-service companies and small business leadership has prepared him to think practically about investment. “I know how to run a business, how to create jobs, how to make payroll. Those lessons translate into building relationships and building trust,” Walker said.

Walker, who was nominated by President Trump in December 2024, faced the Senate Foreign Relations Committee on September 11. As of now, he has not yet been confirmed; his nomination remains under review, pending a committee vote before it can move to the full Senate. If approved, he would become the first U.S. ambassador to The Bahamas since 2011.

For years, U.S. officials have stressed security and counternarcotics cooperation with The Bahamas, including through “Operation Bahamas, Turks and Caicos.” But in areas like infrastructure, medical care, and long-term investment, Washington has often been absent.

Hospitals and clinics remain under-resourced, and hurricane recovery has been slow in many islands. Chinese state-backed firms, by contrast, have shown up with financing packages and construction deals — a presence that has raised alarms on Capitol Hill.

“Only 50 miles off our shore, The Bahamas is too important for us to ignore,” warned Senate Foreign Relations Committee leaders during Walker’s hearing. They called China’s inroads “strategic, not charitable,” suggesting Beijing’s long game is about ports, proximity, and political leverage.

Walker positioned himself as a nontraditional but pragmatic envoy. He argued that his business career, rooted in private sector success, equips him to champion American investment in The Bahamas.

He pledged to:

  • Promote U.S. companies interested in medical and infrastructure projects.
  • Support an environment that encourages American investors to see The Bahamas as more than just a beach destination.
  • Highlight opportunities for partnerships that improve public services, healthcare, and resilience against hurricanes.

“I’ve built businesses. I know what it takes to attract investors and create opportunity. That is exactly what I intend to bring to our relationship with The Bahamas,” Walker said.

The Bahamas is not just a tourist paradise. It’s a frontline state in migration, drug interdiction, and hurricane response. More than six million U.S. visitors travel there annually, making stability and safety a U.S. domestic concern as much as a foreign policy one.

And yet, with the ambassador post vacant for 14 years, the U.S. has often looked detached — opening space for China’s ambitious Belt and Road agenda. The fear is that infrastructure deals signed today could give Beijing leverage in the region tomorrow.                                                                                                                                                                                                                Walker’s confirmation would symbolize a course correction, signaling Washington’s intent to re-engage not only in security but in the economic future of The Bahamas.                                                                                                                                                                                                                    Not everyone is convinced Herschel Walker is the right man for the job. His nomination revived controversies from his 2022 Senate run, including past allegations, public gaffes, and doubts about whether he has the diplomatic polish the post demands. Some senators and analysts questioned whether celebrity and business experience were enough for a role requiring nuance in foreign policy and geopolitics.

Critics argued that The Bahamas, sitting just 50 miles from Florida and facing intense Chinese interest, deserves a seasoned diplomat rather than a political ally.

Walker confronted those doubts head-on. “People have underestimated me all my life — in academics, athletics, and business,” he told the Senate Foreign Relations Committee. “And I have always proven them wrong, through discipline, determination, and by outworking everyone.”

He admitted he had never served as an ambassador but countered that his career prepared him in other ways: building businesses, managing payrolls, and connecting with people from all walks of life. He framed his business background as a strength, promising to use it to encourage U.S. investment in healthcare, infrastructure, and hurricane resilience projects in The Bahamas.

Rather than sparring with critics, Walker leaned on confidence and persistence: “I know how to build trust and find common ground. That’s what this relationship needs.”

If confirmed, Walker would have to balance his role as diplomat with expectations of being a commercial cheerleader for U.S. firms. His emphasis on entrepreneurship suggests a willingness to push U.S. businesses toward opportunities in healthcare, ports, and post-storm reconstruction — areas where Bahamians say they need the most support.

For Bahamian officials, the question will be whether Washington is prepared to back words with financing. U.S. private sector dollars, paired with aid and development partnerships, could help shift the tide against Chinese influence.

For Walker, the test will be whether his business acumen can translate into diplomatic wins — giving Bahamians alternatives to Beijing, while deepening the U.S. role in the Caribbean.

Analysis: If Walker delivers, this appointment could mark a turning point: a U.S. strategy that recognizes that in the Caribbean, investment is diplomacy.

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Conflicting Reports as Grand Bahama Awaits Its New Airport: What to Believe?

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Deandrea Hamilton | Editor

 

September 16, 2025 – Grand Bahama’s wait for a modern international airport has taken another dramatic turn. Just days after reports surfaced that the $200 million redevelopment had collapsed because partners failed to secure financing, the government is now insisting the project is alive and well — with funding in the “final stages” and construction on the horizon.

Earlier This Week: Airport Deal in Dire Straits

The week began with grim headlines. Deputy Prime Minister and Aviation Minister Chester Cooper confirmed that private partners in the much-heralded consortium had not produced financing. “Regrettably, the funding had not happened,” he admitted, sparking widespread fears the deal had crumbled.

Those admissions triggered a storm of skepticism in Freeport. Back in February, the government had declared the airport deal “finalized,” naming Aerodrome Ltd., Manchester Airport Group, and BHM UK as partners. They promised demolition within 30 days, designs in 45 days, and a new terminal by year’s end. But now, more than four months later, not a single milestone has been delivered.

For residents and business leaders, the collapse narrative confirmed their worst fears: that Grand Bahama was once again being strung along with empty promises. Long-stay tourism — the kind that sustains hotels, restaurants, taxis, and shops — depends on a functioning airport. Without it, the island’s economy remains hobbled.

Today: Government Pushes Back

But late Thursday, the government issued a forceful rebuttal. “The redevelopment of Grand Bahama’s International Airport remains a central priority for this administration and is key to the island’s economic renewal,” the statement read. Officials stressed that they are “in the final stages of securing funding and concluding agreements on airport management.”

The statement went further, clarifying the role of Manchester Airport Group, the UK’s largest airport manager. MAG, it said, was never meant to provide financing but remains a core partner in shaping the airport’s development and management. Bahamian contractors, the government insisted, are part of the team tasked with delivering the facility. “Our focus is on results,” the release concluded. “Grand Bahama will have the airport it needs to grow, attract investment, and strengthen its role as a gateway to The Bahamas.”

Who Should Grand Bahama Believe?

The conflicting narratives — one of a deal in “dire straits,” the other of a project in “final stages” — have left Grand Bahama residents struggling to know what to believe. Is the airport project truly on life support, or is the government simply playing its hand close until funding details are nailed down?

Skeptics point out that this is hardly the first time the airport has been declared a priority only to see little follow-through. Promises in 2023, in February 2025, and again in summer 2025 all failed to produce visible progress. Each missed deadline has chipped away at public trust.

Supporters of the government counter that large infrastructure projects are inherently complex, with legal negotiations and financing arrangements often dragging longer than planned. They argue that the continued involvement of Manchester Airport Group is evidence the project is still credible.

The Bigger Picture

Grand Bahama’s airport troubles are intertwined with the stalled $120 million Grand Lucayan hotel sale, which also remains without visible progress 129 days after it was announced. Business leaders insist both projects must move together if the island is to see real recovery. A luxury resort without a modern airport is as unviable as an airport without hotel rooms to fill.

For now, the people of Grand Bahama are left in limbo. This week they were told the airport deal had failed. Today, they’re being told it’s moving forward. The only certainty is that, nearly a year after the latest round of promises, not a single crane has touched the sky.

As one resident put it: “We don’t need more statements. We need to see bulldozers.”

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