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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

Bahamas Government and Grand Bahamas Port Authority in squabble over millions allegedly owed

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Rashaed Esson

Staff Writer

 

#TheBahamas#DavisAdministration#PortAuthority, April 9, 2024– The Bahamas Government according to reports, says the Grand Bahama Port Authority owes 357 million dollars in back payments over the last five fiscal years, 2018 to 2022, and in a letter sent to the Port Authority last week by the Davis Administration, the government is giving them 30 days to pay up. However, the Port Authority clapped back in a statement, denying the government’s claim saying that they do not owe the sum of 357 million dollars

 

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Bahamas News

$36 Million Dollar Upgrade for World Athletics Relays in Nassau, Bahamas

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Rashaed Esson

Staff Writer 

 

After years of thorough maintenance, The Thomas A Robinson National Stadium in The Bahamas is finally getting a multi-million dollar makeover, readying the 10 year old facility ahead of the World Athletics Relays on May  5, 2024; it is being staged in Nassau for the fourth time. 

 

This $36 million refurbishment is being funded by the Chinese Government, as part of a vision to enhance the country’s sport infrastructure to benefit youths in athletics. The stadium was gifted to The Bahamas in 2012 by the Chinese.

 

The relay is the qualifying event for the 2024 Summer Olympic Games and there will be 32 national teams, in each relay event, and 20 races on both days of competition, according to World Athletics. 

Day 1, will have 20 heats across the five olympic events (4 heats each for 4×100, 4×400, men, women and mixed) and will qualify 40 teams for the Summer Olympics.  The top two teams from each heat will directly qualify for the Games.

On day 2, 30 more national teams will be qualified through 15 repechage heats and five finals, across those five events.

 

The upgrades which include new trusses, rooftops, seats, the lawn, score boards, LED displays and more, are expected to be complete at least two weeks before the relays, being held under the theme: ‘Chase the  Sun’. 

 

In a special ceremony on Monday April 8, The Bahamas Prime Minister, Philip Davis said:

 

In December 2023, our shared vision took shape, as the government of the Commonwealth of The Bahamas, and the government of the People’s Republic of China, inked an implementation agreement for the renovation of the stadium. This gesture of goodwill and friendship, from the Chinese government to undertake the China Aid Maintenance and Renovation project of our national stadium, stands as a testament to the strong bonds that unite our countries. This project, executed by China Urban Construction Research Institute Company Limited, and the China Machinery Industry Construction Group Company Limited, reflects our shared commitment to excellence, innovation and mutual development.”

 

Additionally, H.E Dai Qingli, outgoing Chinese Ambassador to The Bahamas who also attended that ceremony, spoke. 

 

“At the end of the project, the Bahamian people will get a fully renewed and modern world class stadium because everything is going to be either renewed or repaired,” she said.

Some 1600 athletes will be in The Bahamas for the World Athletics relays, with five events.  The Bahamas won the bid over Lausanne, Rome in 2022.

 

 Mario Bowleg,  Minister of Youth, Sports and Culture in reports, thanked China for their contribution to the redevelopment of the stadium. 

 

“We thank them for their commitment to ensuring that they bring this facility back up to A1 standard so that we can continue holding international events and using these facilities as a development of our young people.”

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Bahamas News

Grand Bahama Airport Demolition

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BIS Photo: Lisa Davis

Rashaed Esson

Staff Writer

TheBahamas#TheGrandBahamaAirportDemolition, April 10, 2024 – The demolition of the Grand Bahama International Airport has begun, to start transformative construction as previously announced by Minister with responsibility for Tourism, Aviation and Investments, Chester Cooper, last month. Cooper says a new state of the art facility will be created to redefine Grand Bahama’s access to global opportunities and meet international standards.

 

 

 

 

 

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