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Access Accelerator Small Business Development Centre Launched in Grand Bahama  

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#Freeport, GB, February 3, 2019 – Bahamas – Funding for micro, small and medium sized businesses is now available, Deputy Prime Minister and Minister of Finance, the Hon. K. Peter Turnquest said during the launch of the Access Accelerator Small Business Development Centre.

“Unfortunately, the dream of starting a business is often overshadowed by how much of a hassle it can be; and I can tell you from personal experience, particularly as a Grand Bahamian, the struggle is real, DPM Turnquest said at the launch held at the Bishop Michael Eldon Auditorium, Thursday, January 31, 2019.

He added, “It is true that many of the most successful businesspersons all over the world arrived at success only on their third, fourth of fifth try at success. But it is also true that in The Bahamas, we are still far from having a culture of entrepreneurship that supports small businesses and aspiring business owners.”

Also in attendance at the launch were: Jeffrey Andrews, chairman of the Small Business Development Centre (SBDC) Board of Directors; Gregory Laroda, president, Grand Bahama Chamber of Commerce; Kevin Darling, Royal Bank of Canada; David Rolle, Bahamas Development Bank; Michael Cunningham, Bahamas Development Bank; and Dr. Ian Strachan, University of The Bahamas.

DPM Turnquest said many have been trained to chase jobs rather than be self-employed and in Grand Bahama some have been expected to work for government, BORCO or at the Port, instead of opening a hair salon or plumbing business.

“Many parents are naturally looking for security for their children, and want to teach them practical skills, but in this 21st century, it is safe for young people to take bigger risks; to believe in themselves and to invest in their dreams.”

He noted that a culture of entrepreneurship needs to be created in the country and micro, small and medium sized businesses should be valued more.

“We must do this beyond helping entrepreneurs to believe in themselves. We must help them to start and grow their businesses; and we must help them to thrive.”

The DPM referred to the Access Accelerator SBDC as the vehicle to stimulate Bahamian ownership.  He said, “The SBDC is the centre stone of the Government’s campaign to stimulate Bahamian ownership, to invest in entrepreneurs and to provide micro, small and medium sized businesses the incentives and assistance needed to survive and thrive. This is a core part of our recipe to grow the economy and thereby create jobs and wealth.

“This programme is very unique because it takes entrepreneurs from inception to financing; and it provides mentorship and handholding even after new businesses have started operating.

“In the past, we have had programmes that provided entrepreneurship training, but access to capital for new businesses was nearly impossible to secure. There have been programmes that offered financing, but the mentorship was non-existent. The SBDC takes a holistic approach that considers the full range of needs that entrepreneurs have. So Grand Bahama, I want you to spread the word and put the SBDC to work, because they are here for you!”

The DPM also explained that through the SDBC, Bahamian entrepreneurs will have access to: Government Guaranteed Loans; Business Grants; and Equity Financing. Further, a large portion of the grants will be earmarked specifically for impoverished youth up to the age of 40 from the Family Islands.

“The Loan Guarantee Programme will allow Bahamians to access loan money to invest in their businesses without having to meet the traditional equity requirements. The average entrepreneur starting a business does not have a house to put down as equity or a large inheritance to put aside. The Loan Guarantee Programme will make financing accessible for participants who go through the SBDC training and advisory programme.”

He also noted that under the programme, the frustration of the lack of funding will be removed and potential entrepreneurs will have access to training and advisory services.  In addition, with the signing with the Bahamas Development Bank and Royal Bank of Canada, it is expected that banks may look differently at investing in small businesses.

The DPM introduced five entrepreneurs who have participated in the SBDC’s training and advisory programme and who have advanced to the funding stage: Petula Henfield, a pizzeria owner; Nicole Johnson, a private internment and related services provider; Sherril Bethel, a sea glass jewellery designer; Moses Pitter, a full service solar energy product manufacturer; and Kenroy Harris, who produces fresh drinking water and ice.

 

By Robyn Adderley

Release: BIS

Photo Captions:

Header: The Deputy Prime Minister and Minister of Finance, the Hon. K. Peter Turnquest (centre) along with Kevin Darling of the Royal Bank of Canada (left) and Jeffrey Andrews, chairman, Small Business Development Centre, signed an agreement enabling micro, small and medium sized businesses to access funding following training.

First Insert: Deputy Prime Minister and Minister of Finance, the Hon. K. Peter Turnquest, announced the official launch of the Access Accelerator Small Business Development Centre during a town meeting at the Bishop Michael Eldon School Auditorium, Thursday, January 31. 

Second Insert: The official launch of the Access Accelerator Small Business Development Centre was well attended, Thursday, January 31. 

 

(BIS Photos/Lisa Davis)

 

 

 

 

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Bahamian Man Extradited to Florida on Cocaine Trafficking Charges

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USA, April 23, 2026 – A Bahamian man has been extradited to the United States to face serious drug charges stemming from alleged offences committed several years ago.

Lernis Cornish Jr. was handed over to U.S. authorities on April 17, 2026, following extradition proceedings in The Bahamas. The case was heard before Chief Magistrate Roberto Reckley, who ordered that Cornish be surrendered to American officials. Cornish did not challenge the order.

He has since been transferred to Florida, where he is expected to face trial in connection with alleged drug-related activity dating back23 to 2020.

According to reports, Cornish is accused of possession of cocaine with intent to supply and conspiracy to possess cocaine with intent to supply. Related U.S. law enforcement notices also indicate that the matter is being pursued in Collier County, Florida, where authorities have listed charges including trafficking in cocaine and conspiracy to traffic cocaine, involving quantities of 400 grams or more.

The case now falls under the jurisdiction of the Florida court system, where prosecutors are expected to advance the matter through pre-trial proceedings ahead of any potential trial.

Extradition from The Bahamas to the United States is governed by bilateral treaty arrangements, allowing individuals accused of serious offences to be transferred to face justice in the requesting country once a Bahamian court is satisfied that legal requirements have been met.

Cornish’s extradition marks the continuation of a multi-year case, moving it from preliminary proceedings in The Bahamas into the U.S. judicial system, where the allegations will now be tested in court.

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

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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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