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Bacardi pledges massive support for the economic recovery of Grand Bahama Small Business Sector

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#Freeport, Grand Bahama, Bahamas – February 19, 2020 — Micro and small businesses impacted by Hurricane Dorian received positive news on Friday, January 31st that additional support is available to assist them with post-storm recovery efforts. Executives of The Grand Bahama Port Authority, Limited (GBPA), Mercy Corps International (MC), and the American Red Cross (ARC) welcomed executives of Bacardi Limited as an official supporting partner of the Hurricane Dorian recovery efforts.

The group visited Grand Bahama for a ceremonial signing and press conference, announcing the nearly $1M in support for economic recovery. The initiative is open to all small businesses affected by Hurricane Dorian, and Bacardi funding will specifically target businesses within the hospitality and tourism sectors.

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“Bacardi has pledged to put close to $1M behind the relief and reconstruction plans in Grand Bahama through our partnership with Mercy Corps and the Grand Bahama Port Authority. We aim to directly support more than 40 businesses, helping them to rebuild and stand on their own two feet, and to support hundreds more with access to training,”

Mahesh Madhavan, CEO for Bacardi Limited expressed. “I’m very honored and privileged to be here speaking on behalf of Bacardi and to show our support for the people of Grand Bahama.”

The iconic global organization joins implementing partners, GBPA and Mercy Corps, on the RISE Grant Initiative which launched in early December 2019. RISE has already awarded approximately $160k in recovery grant funding to-date, and recipients will also receive a training programme and access to Mercy Corps’ pioneering mentorship platform, MicroMentor.

File Photo: RISE initiative

Thanks to the contribution from Bacardi and others, the initiative can now support 200 business owners, doubling the original target.

“We welcome Bacardi as a new partner of the RISE programme with a specific focus on supporting businesses in the hospitality and food and beverage sectors. Their assistance will buttress an industry vertical in which we foresee significant new foreign direct investment over the coming months, and one in which we forecast sustained growth in the medium term,” cited GBPA Director, Henry St. George.

“We are all so very grateful to have Bacardi on board; their generosity will make a really meaningful impact on the revitalization of Grand Bahama’s economy.”

The partners spent time discussing the needs of the small business sector with a group of successful grant applicants including Stephanie Ferguson, president, and Buffie Dorset, partner at Phoenix Brokerage & Shipping; Sherica Smith Pinder, co-owner of Shabo’s Conch Salad; Charles Wayne Hall, owner of Local Organics and Capt. Patrick Cartwright owner– Triple-A Boatcare & Maintenance. Mr. Madhavan shared the story of family-owned Bacardi and offered encouragement and hope to the group of entrepreneurs.

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The initiative provides grants of up to $10,000 in business recovery funding for eligible businesses. Cohort III is now in process and accepting applications; the deadline to submit for this round is noon on Friday, 7th February. Partners encourage businesses across Grand Bahama that fit the selection criteria, to apply at www.risegbpa.com.

“We’re excited to be teaming up with such talented partners to support the recovery of communities and small business owners in Grand Bahama,” explained Michael Bowers, Vice President Humanitarian Leadership for Mercy Corps.

“Working together, we believe we can connect small business owners to the tools and resources they need to rebuild and grow,” he concluded.

PRESS RELEASE: GBPA

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Bahamas News

GBPA welcomes EY’s New Office to Freeport

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#TheBahamas, June 22, 2022 – The Grand Bahama Port Authority (GBPA) has approved a business license for EY Bahamas Ltd., who is set to open a new office in Freeport.

With more than 300,000 employees globally, EY provides assurance, consulting, law, strategy, tax and transactions services to businesses, countries and entrepreneurs. Significant economic impact from this investment will stem from the need for local housing, food and beverage, entertainment, transportation and more.

“We are pleased to welcome EY to Freeport,” said Ian Rolle, GBPA’s President.  “GBPA has been working with EY to take advantage of the BH-1B Visa program, which provides a significant opportunity for us to welcome more people to our city. We are looking forward to the economic boost to local businesses including grocery stores, taxis, car rentals, the housing market, restaurants and more. The ripple effects as a result of EY’s new footprint in Freeport will be a positive addition to our business community.”

GBPA and EY began serious discussions in 2019 prior to Hurricane Dorian regarding the benefits of operating in Freeport’s Special Economic Zone.  Since then, GBPA continued building its relationship with the firm and further helped them to understand the benefits of the BH-1B visa, which allows them to use Freeport to support their client’s needs across the region and globe.  Besides attracting local Bahamian and international talent, EY was drawn to Freeport’s proximity to North America, its safe environment, technology infrastructure and more.

EY has operated in The Bahamas for decades, providing rewarding careers for Bahamians. In its new Freeport location, EY will offer its clients solutions utilizing global talent, while creating new opportunities for employment and training for Grand Bahamians.

“Our Invest Grand Bahama promotional arm is dedicated to attracting these types of businesses that can benefit from our unique Free Trade Zone. We will continue to do our part as we promote the best Freeport has to offer,” Mr. Rolle concluded.

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RM Bailey’s Class of 2022 told, go where your heart leads you; be courageous, innovative, be your best

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By: Kathryn Campbell

Bahamas Information Services

 

#TheBahamas, June 22, 2022 – Vice-President of the Senate, Senator the Hon. Barry Griffin appealed to R.M. Bailey Senior High School’s Class of 2022 to be advocates of change and to use their voices to encourage good governance and constant innovation.

Senator Griffin was the guest speaker at the school’s commencement exercise Monday, June 20, at Charles Saunders Auditorium. “Empowered to Make What Seems Impossible – Possible” was the theme for the event.

“What we need now from our leaders is a sense of urgency. There has long been this feeling in The Bahamas, and in particular the upper echelons of our country, that we have comfort and we can manage to navigate the twists and turns that come our way,” said Senator Griffin.

“But what Hurricane Dorian has taught us, what the pandemic has taught us, what the inflation and rising costs of gas, electricity and food has taught us is — something that those at the fringes of our society have known for far too long — that comfort we feel will not last for long.”

To make the change, he remarked that the love of an old  “anachronistic” system that no longer serves the nation and its students must be removed.

He appealed for expanded opportunities for all, structural changes in the economy and in politics.

“We must begin to call a spade a spade — we have a problem of inequality, a problem of equal access to opportunity and a problem of failed politics. And graduates the only way that changes, is by you making your voices heard.”

He offered the following advice to the graduates:

  1. The old rules are crumbling and nobody knows what the new rules are. So make up your own rules.
  2. Start where you are, use what you have, do what you can.
  3. When you take risks, you learn that there will be times when you succeed and there will be times when you fail, both are equally important.
  4. Be bold, be courageous, be your best.
  5. There is no script. Live your life the way you want.
  6. Wherever you go, go with all your heart.
  7. If opportunity doesn’t knock, build a door.
  8. Failure is the condiment that gives success flavour.
  9. Don’t wait. The time will never be just right.
  10. Go where your heart leads you — and do everything you desire — act as if it were impossible for you to fail.

“My advice is to be bold, to be you, to embrace failure, and to live as if everything is possible.

“It is my hope that you run out of here excited, leaning forward into the wind and ready to take the world by storm,” he said.

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Summit of the Americas elevates hemispheric challenges, Bahamas PM vocal

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By Shanieka Smith

Features Writer

 

#TheBahamas, June 17, 2022 – “The Americas are challenged by crisis.” This was the statement made by the Bahamas Prime Minister and Minister of Finance, the Hon. Philip Davis during his contribution to the Plenary Session of the 9th Summit of the Americas on June 10, 2022.

“Climate, COVID and conflict have undermined our safety and our security,” he said. He went further to ask some thought-provoking questions: “Have we done enough here, at this gathering, to relieve suffering? To promote peace? To fight for the economic dignity of our People? “Will the work we carried out here continue once the spotlight and the world’s attention has moved on?”

He said the work and fine words do not count unless the people are told that the leaders have laid a true foundation for their progress.

Hinting back to the Summit in 2019, he said it is evident that the good intentions and optimism of that gathering did not translate into enduring advancement.

“Indeed, some countries in our hemisphere have become more unequal and more violent… across the Americas, the scourges of racism and discrimination appear to be on the rise. Emerging moral and technological challenges to our democratic norms threaten our capacity to deliver free and fair elections, and effective governance.” He added that all the mentioned challenges are “eclipsed by the existential threat of climate change.”

He expressed thanks to President Biden and Vice-President Harris and the people of the United States, to host and facilitate the dialogue and cooperation because none of the mentioned issues can be resolved by one nation.

Davis added, however, that “multilateral engagement at the highest levels happens too infrequently – certainly when it comes to issues which are important to the Caribbean,” he added. “But if the work of this Summit continues, if the will to cooperate endures, if words turn into action –change can lead to progress, and we can move forward.”

He highlighted several key factors affecting the region’s development, like hurricanes and other natural disasters that result in injury and debt, Covid-19 and the lack of sufficient healthcare workers, disinformation, and the illegal shipment of guns and movement of people. He also hinted at a topical issue, which suited the occasion as some countries were not invited to the Summit.

“It is easy to talk with those with whom we agree, but we must also be able to talk with those with whom we disagree. In fact, sometimes those are the conversations that are most urgently needed,” he said.  Prime Minister Davis noted that all the countries in the hemisphere faced overlapping developmental, security and democratic challenges. Collaboration and collective action can only be of mutual benefit. The absence of the Republic of Cuba has made these deliberations less complete,” added the Prime Minister.

“We must also be mindful of the unintended consequences of isolation and separation,” he said as he shared that more could be done to provide support for Haitians.

He noted that for the institutions within the Inter-American system to fulfil their potential, there should be some rethinking or re-calibrating. He added that the Organisation of American States (OAS), in particular, required both a structural and cultural adjustment.

As the Prime Minister ended his presentation, he called for not just more talking but also that participants “keep ‘doing — upholding our commitments and taking the action necessary for our collective survival.”

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