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Grand Bahama’s Small Business Incentive Program proving to be successful

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#Bahamas, March 5, 2018 – Grand Bahama – The success of the newly launched Grand Bahama Micro and Small Business Economic, Empowerment and Incentive Program was evident in the certification of a second group of potential entrepreneurs from the program on Monday, February 26, 2018, in the Office of the Prime Minister.

The certification of 15 new business owners and the expectation of the program’s being extended to not just a third, but also a fourth group of individuals has brought to light what Minister of State for Grand Bahama, Senator Kwasi Thompson has been touting all along “that small businesses will be a big part of the economic turnaround for Grand Bahama.”

In addition to the 15 new self-starter businesses, eight existing businesses also received financial grants and certification to help in the growth of their already established enterprises.  The businesses represented a cross section of careers, including restaurant, pastry and bakery, nails and cosmetics, bone fishing, sign making, perfume making and landscaping.

Senator Kwasi Thompson told the group of entrepreneurs that there are positive signs and good things happening in Freeport, if they chose to see those positive signs.  “I want to encourage you to take advantage of the opportunities that are coming,” said Minister Thompson.

The Minister outlined some of the projects that are in the process of coming to fruition in Grand Bahama, which he said, will help to revamp the economy of Grand Bahama.  Projects like the sale and re-opening of the Lucayan Resort, the re-started resort in West End that had once been a Ginn project, the Oban Oil Refinery project, two small projects in West End, inclusive the Sea Wood Fishing Village and the Blue Marlin Cove marina, two light manufacturing companies and other such projects.

“I don’t outline these projects or bring them up to suggest that Grand Bahama has turned any corner or that Grand Bahama is doing well, but I bring them up and talk about them because we all need to know that there are positive things happening in Grand Bahama,” added Minister Thompson.

“We also need to know what opportunities there are for us here in Grand Bahama.  Think out of the box. Don’t limit yourself to the old ways of doing business.  The good thing is that we have the access where your entire market does not have to be only people in Freeport, Grand Bahama, or even just in The Bahamas.

“The entire world now can become your market.”

He said that the time has come now where Bahamians begin to think globally and think about exporting their talents and their goods and services.

“You have the talent, you have the skills, to be able to compete with anyone, anywhere in the world,” added Minister Thompson. “In fact, you are the best in the world at what you do, because nobody could be Bahamian better than you and nobody can produce Bahamian better than you.”

Also giving the new business owners, as well as the established entrepreneurs, some words of encouragement was Minister of Youth, Sports and Culture, the Hon. Michael Pintard, who reminded the business owners that they have to be committed and disciplined, not just in how they manage their respective companies, but how they manage their finances.

“You have to be prepared to wake up early, pray up, show up, stay late if necessary, in order to build your empire. Not everyone is an entrepreneur, so you are a unique group among hundreds of thousands in the Bahamas.

“But if our economy in Grand Bahama is to recover and if the Bahamas is to grow at the rate which we believe it has the potential to grow, much of that success is going to come as a result of the efforts by people such as yourselves. So we are happy to be working in conjunction with you.”

Minister Pintard pointed out that micro and small business enterprises help to fuel the economy of countries around the world and that The Bahamas was no exception.  He said that one of the things that is presently being discussed among the government and the private sector is how to obtain the number of people required by Bahamian and foreign business owners, in order to sustain those businesses.

He said one of the things he and Minister Thompson discussed while putting together the program, was deciding the types of businesses they ought to fund.

“The view was that we should fund businesses that have an opportunity to make it with the present population size we have,” said Minister Pintard.

“So, you are uniquely positioned because although it would benefit you to have in excess of thousands more consumers in which to market your products and services, you have the capacity to do a volume of business that would be beneficial to you, your family and this community, right now.

“We wanted to identify businesses that would be in the creative arts, businesses that would affect tourism, or that would deal with personal consumption…and all of you represent these kinds of businesses.”

He admitted that every business will find itself in a competitive market, not just locally or nationally, but internationally, and with the ability to be paired with mentors who will assist them in ensuring that their respective businesses are successful.

By: Andrew Coakley

Photo Captions:

Header: Fifteen new self-starter companies and eight already existing businesses all received certificates and financial grants after successfully completing the required classes in the Grand Bahama Micro and Small Business, Economic Empowerment and Incentive Program on Monday, February 26, 2018 in the Office of the Prime Minister (Grand Bahama). Pictured with the graduates were Minister of Youth, Sports and Culture, the Hon. Michael Pintard (seated, centre); Minister of State for Grand Bahama, Senator Kwasi Thompson (seated, second from left); Carla Roker-Brown, Program Coordinator in the Ministry of Youth (seated right); Lady Naomi Wallace-Whitfield, from the Office of the Prime Minister (seated, second from right) and Shavonia McBride, from the Office of the Prime Minister (seated, left).

First insert: Minister of State for Grand Bahama, Senator Kwasi Thompson reminded new and existing business owners to look at the positive things taking place in Grand Bahama and not focus on the negative. The Minister outlined a number of proposed projects to be undertaken in Grand Bahama, which will help to bring about an economic turnaround for the island’s economy.

Second insert: Minister of Youth, Sports and Culture, the Hon. Michael Pintard encouraged new business owners to be prepared to put in the time, commitment and dedication to make their respective businesses successful.

BIS Photos/Lisa Davis

 

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New Manifestos Released as Bahamas Heads to Historic May 12 Vote

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The Bahamas, April 14, 2026 – With the 2026 Bahamian general election set for May 12, the country’s major political parties have now formally placed their plans before the electorate, offering competing visions for governance, growth and relief.

The governing Progressive Liberal Party (PLP), led by Philip Davis, launched its “Blueprint for Progress 2026” on April 8, 2026, outlining a 46-page plan focused on long-term development and systems reform. The document places heavy emphasis on energy transition, digital government, workforce training and food security, positioning the party as one seeking continuity following its first term. The full plan is publicly available online through official PLP platforms for voters to review.

Just days later, on Sunday, April 12, the opposition Free National Movement (FNM), under Michael Pintard, unveiled its 2026 Manifesto at a major event in Nassau. Spanning 54 pages, the document centers on cost-of-living relief, tax reform, healthcare expansion and housing, offering what the party describes as a more immediate response to economic pressures facing Bahamian families. The FNM has also made its manifesto accessible online.

Beyond the two major parties, the Coalition of Independents (COI) had already entered the policy space earlier, formally unveiling its long-range Vision 2030 framework on Saturday, March 1, 2025, at the Fusion Superplex in Nassau during a packed national launch led by party leader Lincoln Bain. That framework has since been complemented by a 100-day action plan released in late March/early April 2026, adding a short-term policy layer to its long-range proposals.

These policy rollouts come as the country prepares for a pivotal vote, with the Parliamentary Registration Department confirming a voters’ register of approximately 203,000 eligible voters, one of the largest in the nation’s history. Key dates are now set, with Nomination Day on April 16, followed by advance polls on April 30, ahead of General Election Day on May 12.

With platforms now in the public domain and the timeline locked in, the focus shifts squarely to the electorate—who must now weigh the promises, examine the plans and decide the country’s direction at the polls.

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

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From Concept to Approval: What a 2019 Water Security Plan Now Means for Bahamians

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The Bahamas, April 14, 2026 – At its core, the $65 million water security project is designed to strengthen the reliability, safety and resilience of the water supply across The Bahamas.

If implemented as planned, the investment is expected to improve water quality, reduce contamination risks and support public health, while increasing supply reliability and limiting service disruptions during droughts or system failures. The project also aims to expand and upgrade infrastructure, including wellfields, pumping stations and storage capacity, and to protect freshwater resources from saltwater intrusion—an increasing threat for low-lying islands. In practical terms, that could mean cleaner, more consistent and more dependable access to water for residents across the country.

The project was first conceptualised in 2019 under the previous administration, when a proposal was submitted to the Green Climate Fund to strengthen the resilience of the country’s water systems. That early work came just months before Hurricane Dorian exposed the vulnerability of national infrastructure, including critical water and sanitation systems, particularly in the northern Bahamas.

The initial phase focused on developing the concept, identifying priority areas and engaging regional and international partners, including the Caribbean Development Bank, to support the design and preparation of a full funding proposal.

Following the change in government in 2021, the project advanced into its most technical and demanding stages. The current administration oversaw the completion of key requirements, including feasibility studies, environmental and social assessments, and detailed financing negotiations with international partners—steps necessary to move the proposal from concept to approval.

That multi-year process has now culminated in approval of a $65 million financing package, combining grant funding with concessional loans to support long-term upgrades to the country’s water infrastructure.

While the project brings significant international support, it is not entirely free money. The package is structured as a blended financing arrangement, combining grant funding with concessional loans—meaning a portion of the funding will ultimately need to be repaid. Based on information released by the Caribbean Development Bank, approximately $25 million of the total package is tied to loan financing, with the remaining portion provided as grant support.

Concessional loans typically carry more favourable terms than commercial borrowing, including lower interest rates and longer repayment periods. However, they still represent debt obligations that will be borne over time.

Notably, detailed terms of the loan components—including interest rates, repayment schedules and any associated conditions—were not disclosed in the initial announcement issued by the Office of the Prime Minister (Bahamas). Those details are expected to be outlined in formal financing agreements, but have not yet been made public.

For Bahamians, the project represents both investment and obligation. While the grant funding provides a significant boost to infrastructure development, the loan component adds to the country’s long-term financial commitments—making transparency around terms and implementation timelines especially important.

While the approval marks a significant milestone, the timeline for delivery remains a critical factor. Based on information available from project partners, implementation is not expected to begin immediately. The initiative is anticipated to move into its execution phase later in 2026, following finalisation of financing agreements and completion of preparatory requirements.

From there, the project is projected to unfold over several years, with estimates suggesting a multi-year implementation period of up to seven years to fully deliver the planned upgrades to water infrastructure across The Bahamas.

This means that while the funding has now been approved, the benefits will be realised gradually rather than all at once. A definitive completion date has not been publicly outlined, and detailed timelines tied to specific islands or phases of work have yet to be disclosed.

For Bahamians, the question now shifts from approval to execution—when funds are drawn down, when construction begins, and how consistently the project moves from plan to delivery.

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

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Fuel Pain at The Pump: Global Tensions Drive Prices Up as Bahamians Feel the Squeeze

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NASSAU, Bahamas — What should be a simple five-minute drive is fast becoming an expensive, hour-long ordeal, as rising fuel prices collide with worsening traffic congestion across New Providence.

As of early April 2026, gasoline prices across The Bahamas have climbed sharply, with motorists now paying an estimated $5.50 to over $6.50 per gallon, depending on the station and grade. The increases, seen at major retailers including Esso, Rubis and Shell, reflect a volatile global oil market driven by escalating geopolitical tensions.

The latest spike — in some cases jumping more than 50 cents per gallon within days — is being driven by uncertainty surrounding escalating tensions involving Iran. U.S. President Donald Trump has issued a direct ultimatum, warning that the United States could launch aggressive strikes on Iranian infrastructure, including power plants and key facilities, if demands are not met. While he has also expressed hope for a swift resolution, the threat of rapid escalation is already rattling global oil markets — and The Bahamas, heavily dependent on imported fuel, is feeling the impact almost immediately.

At the pumps, the frustration is real.

Drivers are now paying significantly more just to sit in traffic. Commutes that once took minutes are stretching into hour-long crawls, burning fuel with little movement and compounding the financial strain. For many residents, the issue isn’t just the price per gallon — it’s how quickly that gallon disappears.

Industry players are also bracing for impact. Higher diesel prices are expected to ripple across key sectors, including trucking, construction, and shipping — all of which ultimately feed into the cost of goods and services. In short, this is not just a fuel story; it’s an inflation story in the making.

Despite the surge, the Bahamas Petroleum Retailers Association has moved to calm fears, confirming that there is no fuel shortage. Supply remains stable, but consumers are being urged to adjust behavior — from maintaining proper tyre pressure to considering carpooling — small measures that could stretch every dollar a bit further.

Retailers, however, are not offering much comfort on price relief. While fluctuations are expected, insiders say the days of sudden price drops are unlikely in the immediate term. The “shock” increases may level off, but a meaningful decline hinges on global stability — something that currently feels out of reach.

For Bahamians, the reality is tightening: higher fuel costs, longer commutes, and a growing sense that relief isn’t coming anytime soon.

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

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