Connect with us

Bahamas News

GBPA Hosts Successful Capital Arena and Prepares to Announce Cohort II Winners

Published

on

#Freeport, GB – April 13, 2019 – Bahamas – Friday 5th April marked the closing of two intense days of battle between Judges and Gladiators of GBPAs Capital Arena Initiative, a grant funding program created by The Grand Bahama Port Authority, Limited (GBPA) in January 2017, as a small business development initiative of its Invest Grand Bahama Small Business Bureau (IGBSBB).

Now in its second year, Cohort II launched in early January, opened to existing business owners and aspiring entrepreneurs. The deadline for submission of proposals was February 28th, 2019. As explained by Ian Rolle, President of GBPA, entries for Cohort II were double that of last year.

“I am advised that this year we received nearly 100 submissions, which featured several unique, innovative and sustainable business ideas,” cited Rolle. “Personally, the number of millennials that submitted, and the types of businesses they introduced were very impressive. If we can provide opportunities for this generation of entrepreneurs, I believe they can help chart a bright future for Freeport.” Rolle continued. 

Only 18 Gladiators (semi-finalists) advanced to Round II Judging for ‘In-Persons Presentations’, where they faced a panel of 4 Judges, each knowledgeable in key areas including Technology, Innovation, Finance, Entrepreneurship, Operations and overall Business Strategy.

“The quality of business proposals from this Cohort was significantly stronger than last year’s,” expressed Derek Newbold, Sr. Manager of Business Development for GBPA.


“Not only did our Judges have the awesome task of reviewing the various plans, but scoring them according to the submission criteria, which filtered our 18 Semi-Finalists for Round II Pitching. The diversity of plans submitted was impressive and challenged us to examine proposals more creatively during the scoring process, which I can confidently say we did. In fact, some plans if presented 5-7 years ago would not have even made it. However, through the use and application of technology, so much more is possible and can be accommodated within Freeport’s economic landscape; and it was this type of innovation we wanted to embrace.” Newbold stated.

Finalist from Cohort II can secure up to $15,000.00 in grant funding to start or grow their businesses. They will also receive Entrepreneurial Training as designed by the University of The Bahamas exclusively for Capital Arena finalists and paired with a mentor to complete the program. Filming of Capital Arena episodes was staged at Canal House of the Pelican Bay Resort, with set designs provided by the Home Design Center. Seasons I and II will air sometime this year, featuring participants from both Cohorts.

“Considering the amazing opportunities coming on stream for Grand Bahama, Cohort II clearly demonstrated that Grand Bahamians are ready to embrace a new era of opportunity and success, especially the younger generation,” expressed Dean Seymour, GBPA Chief Financial Officer and Capital Arena Judge. “Whether your business idea is a start-up or an expansion; now is the time to move on it,” Seymour added.

Cohort III will launch this Winter, giving existing business owners and aspiring entrepreneurs new opportunities for business success. GBPA Business Services Manager and Project Director for Capital Arena, LaShawn Dames encouraged individuals interested in submitting a proposal to prepare early. 

“Preparation is key,” she said. “Candidates that prepare well perform the best during presentations; these become our Gladiators.  They know their business models, understand their market, competition and how to differentiate themselves. With all the free business planning resources now available, either through GBPA’s IGBSBB, the Chamber of Commerce, BAIC and others, submissions are now stronger and more competitive. That said, if you want to compete in Capital Arena or any other business plan competition, you must come prepared.“

Winning Gladiators from Cohort II will be announced during a press conference later this month. 

Press Release: Grand Bahama Port Authority

Photo Captions:

Header: Friday 5th April marked the closing of two intense days of battle between Judges and Gladiators of GBPAs Capital Arena Initiative. Candidates faced a panel of 4 Judges, each knowledgeable in key areas of Technology, Innovation, Finance, Entrepreneurship, Operations and overall Business Strategy. Pictured from Left to Right: Ian Rolle – GBPA President; Deann Seymour- Chief Financial Officer; LaShawn Dames – Business Services Manager; Nicole Colebrooke – Customer Relations Manager and Derek Newbold – Sr. Manager of Business Development.

Insert: 18 Semi-finalists made ‘In-Person Presentations’ pitching their case for funding, to start or grow their businesses. Pictured: Gladiator Hillary Huyler Jr. delivering his business proposal to Capital Arena Judges last week.

Continue Reading

Bahamas News

Bahamas Prime Minister Philip Davis’ Remarks at the COP28 Green Climate Blue Co Launch

Published

on

#TheBahamas, December 7, 2023 – We are here today because we are short on time and even shorter on the resources needed to empower every nation in the world to respond to an increasingly dire climate crisis.

We are approaching the tipping point from which there will be no return. At our current rate, the world will cross the 1.5 degrees Celsius threshold sometime within the next two decades.

The window of opportunity is closing.

But it is not closed yet.

And as long as there is even a small opening, just a sliver of time left for us to take action, there is still hope that we can save the world from the worst-case climate change scenarios.

I’ve travelled the globe representing Small Island Developing States like mine which have contributed the least to global carbon emissions but are already experiencing the worst effects of climate change.

Global inaction will soon threaten our continued existence as nations, but we will do everything within our power to avoid this outcome.

The Bahamas is here this week at COP 28 to invite the people of the world to partner with us and all vulnerable states to face this existential threat together.

As a region, the Caribbean has seen the results of our advocacy take shape in the form of the Loss and Damage fund to help us recover from the destruction already wrought on our nations. And we will continue to push for greater access to financing opportunities as we seek to protect our shorelines, build climate-resilient infrastructure, and invest in a renewable and sustainable future.

Through collaborative action, we will also create new industries and generate demand for novel solutions. Solving the world’s most pressing problems has always been good for business. We are entering an era of socially responsible investments, regenerative financing, and ESG finance. And the Caribbean is prepared to lead the way. In fact, if we want to continue to thrive as a region, we have no choice but to lead the way.

My country has been hit by four major hurricanes over the past few years. Over a third of our national debt is directly linked to the impact of storms, causing billions in damages that threaten the economic and fiscal health of our nation and people. With the situation projected to worsen at its current rate, we have gone all-in on making the necessary investments to solve our climate woes. Our future as a nation depends on it.

So, today, I applaud the Green Climate Fund for its efforts to support the developing world in creating climate-resilient pathways to a sustainable future. This is life-saving work.

With the approval of the application for preparation funds to finance the development of the Blue Co Caribbean Umbrella Coordination Programme, we fully expect to see new, effective solutions emerge for the people of the Caribbean.

The Blue Co  Caribbean project will provide the foundation for strategic investments at a scale not possible without embracing the spirit of cooperation and co-investment through this Caribbean-targeted, climate-focused investment opportunity.

Through this platform, Caribbean nations will be empowered to strengthen their blue economy frameworks and develop data-backed projects that can then be replicated and scaled across the region. My nation, as one of the world leaders in the research and development of blue carbon credits as a viable source of revenue generation, looks forward to the ways that Blue Co will strengthen The Bahamas’ mission to develop home-grown solutions that can fund a climate-resilient future for our people.

It turns out that saving the world isn’t just good for people, it’s also good for business.

Just yesterday, we were privileged to host a discussion on the Bahamas Sustainable Investment Programme, which will generate up to $500 million for climate-related investments. This is a testament to our commitment and resolve to generate our own innovative solutions to the climate crisis. And we are by no means standing alone.

Within the Caribbean, we have the passion, motivation, and expertise to drive the success of this initiative. There is no doubt in my mind that Blue Co can and will serve as a model for other regions to follow.

I invite all interested parties to reach out, get involved, and together we will save countless lives and livelihoods on our way to building a more resilient, renewable, and prosperous future for all nations.

Continue Reading

Bahamas News

Bahamas Joins U.S. Embassy Test of Emergency Response  

Published

on

#TheBahamas, December 5, 2023 – On Tuesday, November 21, U.S. Embassy Nassau conducted a successful emergency preparedness exercise with Bahamian security partners.

The exercise illustrated excellent coordination between the Embassy, Royal Bahamas Police Force, and Royal Bahamas Defence Force.  During the exercise, the security partners practiced responding to a hostile attack on the Embassy.  In addition to testing communications between partners, the exercise included mock arrests, the evacuation of Embassy staff, and emergency medical services to “injured” civilians.

These emergency preparedness exercises help evaluate the Embassy’s ability to protect its staff and installations during an emergency.  We want to thank our Bahamian partners for participating in the exercise and supporting emergency preparedness.  As our American founding father Benjamin Franklin once said, “If you fail to prepare, you prepare to fail.”

 

 

Photo Captions

Header: U.S. and Bahamian law enforcement officers participated in a joint emergency response drill on Tuesday, November 21.

1st insert: The Royal Bahamas Police Force’s Special Weapons and Tactics (SWAT) team joins the RBDF as it searches for suspects along Queen Street in an emergency preparedness exercise held on Tuesday, November 21.

2nd insert: The Royal Bahamas Defence Force conducts a sweep of Queen Street as a part of the U.S. Embassy emergency response drill.

3rd insert: A U.S. marine detains a gunman in a mock exercise held on Tuesday, November 21.

Continue Reading

Bahamas News

Ashley Albury Marks A World YWCA First  

Published

on

#TheBahamas, December 5, 2023 – For the first time in the global movement’s 168-year-old history, a Bahamian will serve on the World YWCA Board headquartered in Geneva, Switzerland. Ashley Albury, 25, was elected as a board member during the 30th World YWCA Council Meeting held this week.

Executive Director of the Young Women’s Christian Association of The Bahamas (YWCA Bahamas), Rosalie Fawkes, described the occasion as a “red-letter day” for the organization.

“I sincerely thank all of the YWCA women who have played a role in mentoring and supporting Ashley’s candidacy and we wish her well as she embraces this new opportunity for growth and development. May this occasion mark a renewed effort to continue building the membership and participation of our youthful population,” said Ms. Fawkes.

On the World YWCA Board as the second Caribbean representative is Adrianna Sosa from Haiti. Adrianna also made history four years ago when at the age of 19, she became the youngest member ever to be elected to the World Board.  Today she is running as a candidate for World YWCA Vice President.

It was in 2015 that Ashley wrote via Facebook to YWCA Bahamas inquiring about its program offerings.  That simple act eventually led to an active involvement in the life of the YWCA.

Ms. Fawkes added, “Ashley has successfully navigated the world of technology for the association; constructed our website – www.ywcabahamas.org; established a YWCA Collegiate Chapter at the Bahamas Agriculture and Marine Science Institute (BAMSI); used her graphic design skills in newsletter preparation; served on the YWCA’s Board of Management;  built an archives and storage drop box in the clouds; became a faithful member of the YWCA’s Bible Study and Fellowship Group and recently joined the finance team at the YWCA – and all of this while continuing to further her education.”

Ashley said, “Being elected to the YWCA World Board as a Caribbean representative from The Bahamas fills me with immense pride and a deep sense of duty. This role is more than a position; it is a pledge to elevate and empower women and girls not just in the region but across the world. The unique perspectives and vibrant cultures of elected members will contribute significantly to the achievement of the YWCA’s mission and vision.”

She continued, “I appreciate YWCA Bahamas for nominating me and voting delegates for seeing me as a well-suited nominee. This is an opportunity to make a meaningful impact and to represent the vibrant spirit and resilience of the Young Women’s Christian Association of The Bahamas.”

 

Photo Captions

Header: Ashley Albury, 25, is the first Bahamian elected to serve on the World YWCA Board.

Insert: Pictured are past and current board members of the Young Women’s Christian Association of The Bahamas (YWCA Bahamas). YWCA Bahamas Executive Director Rosalie Fawkes is seated in the center and Ashley Albury is standing at the far right.

Continue Reading

FIND US ON FACEBOOK

TRENDING