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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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GBPA’S STATEMENT IN RESPONSE TO THE ADDRESS OF PRIME MINISTER PHILIP DAVIS AT THE G.B. CHAMBER’S BUSINESS MEETING ON MONDAY, MAY 6TH, 2024

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The Grand Bahama Port Authority has taken note of calls from our licensees, the residents of Grand Bahama and several current investors for a response to Monday’s address by Prime Minister Davis.

We take this opportunity to once again reassure these valued stakeholders that GBPA remains laser-focused on the task at hand. We are working every day to deliver the $2B-plus of investments which the GBPA Group of Companies, through its affiliates, either initiated, is invested in, or is contractually involved in creating, and was instrumental in bringing the investors to the table.

At the same time, it is important that GBPA corrects any inaccurate, incomplete or selective representations regarding matters that impact our stakeholders. In the near future, therefore, GBPA intends to host a live event with its stakeholders to ensure that all the matters discussed in the public domain are placed in their proper context and the historical record is set straight.

In the meantime, we encourage our stakeholders to remain confident in the resilience and potential of Freeport, and in our pledge to continue working diligently to see a prosperous future for Grand Bahama.

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Bahamas economic growth

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Rashaed Esson

Staff Writer

The Bahamas’ economy is in good standing according to reports from the Bahamas National Statistical Institute which released the Quarterly Gross Domestic Product Series. They indicate that quarterly GDP trends for 2023 saw increases compared to 2022, a sign of recovery from the Covid 19 pandemic.

The most significant increase was 9.9 percent in the first quarter of 2023, and the industries responsible for the growth include Accommodations and food, construction and Arts.

 

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RBC appoints new Country Manager and Area Vice President for Turks & Caicos 

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RBC Royal Bank (Bahamas) Limited (“RBC”) is pleased to announce the recent appointment of Kerryl-Lyn King-Henry as Country Manager and Area Vice President (“AVP”), Personal and Commercial Banking, Turks & Caicos Islands (TCI).

In her new role as Country Manager and AVP, King-Henry will take on full responsibility for the bank’s operations, strategy, and development in the TCI market, with a strong focus on solidifying partnerships with the Government, regulatory bodies, and the local community.

King-Henry brings to the role a dynamism influenced by nearly 25 years of industry experience. Prior to her new appointment, she served as AVP of Business Banking in Trinidad and Tobago. She has held progressively senior roles within both personal and commercial banking, as well as various functional units.

King-Henry holds a Master of Business Administration (MBA) degree, with a specialization in Leadership, FinTech and Big Data Analysis, in addition to a Bachelor’s Degree in Business Administration. Further enriching her professional profile, Kerryl-Lyn is a certified John C. Maxwell Coach, Trainer, Teacher, and Speaker. Her passion for leadership and development is matched by her commitment to community service, as she actively volunteers her time and leverages her professional expertise to mentor and support others. “

Kerryl-Lyn’s extensive experience and proven leadership capabilities make her the perfect choice to lead our operations in the Turks & Caicos Islands,” said Ericka Rolle, RBC’s Managing Director and Vice President, Personal Banking, The Bahamas and TCI.

“Her commitment to excellence, combined with a genuine passion for community engagement, aligns perfectly with our Bank’s purpose of helping clients thrive and communities prosper. We are excited to see the positive impact she will undoubtedly bring to her new role,” she added.

 

 

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