TCI News

Invest TCI Celebrates a Decade of Innovation and Impact

Published

1 year ago

July 25, 2025

Providenciales, Turks and Caicos Islands – Friday, 25th July 2025: As the investment landscape of the Turks and Caicos Islands has transformed over the past decade, so too has the role of Invest TCI. Now marking ten years of service, the Agency has helped shape a more inclusive and resilient economy — facilitating over $1.2 billion in investment and supporting hundreds of local enterprises along the way.

A Decade of Investment and Impact

Over the past decade, Invest TCI has supported over 300 micro, small and medium-sized enterprises (MSMEs) through its MSME Programme. Since the first round of MSME approvals in 2016, the programme has expanded to include sixteen priority areas, creating more opportunities for locals to strengthen and scale their business across a range of industries. The MSME Programme has continued to grow with nationwide outreach initiatives, including island-wide roadshows, playing a vital role in raising awareness of its benefits and offering direct support and guidance to both aspiring and existing entrepreneurs.

In 2023, Invest TCI hosted its first MSME Award Ceremony, recognizing outstanding local entrepreneurs who had demonstrated exceptional resilience and commitment throughout the programme. Further strengthening the programme, in 2024, an impact study was conducted to assess its outcomes, measure its contribution to economic growth, and inform future improvements to better serve local entrepreneurs. Notably, also in 2024, one MSME recipient expanded operations and is now being assessed outside the MSME category, which indicates the impact of the programme in nurturing small businesses into sustainable large-scale enterprises.

Invest TCI continues to play a strategic role in strengthening a favourable business environment for investors and bolstering the FDI ecosystem of the Turks and Caicos Islands. The agency has secured over $1.2 billion in foreign direct investments through executed development agreements, creating more than 1000 direct employment opportunities for locals. As due diligence remains a critical component during the vetting process, Invest TCI remains committed to supporting credible, high-impact developments that align with national development priorities. Over the last ten years, the agency has built relationships with global brands such as Ritz-Carlton, IHG, positioning the Turks and Caicos Islands as a premier destination for high-end investment and development. At the same time, the Agency has strengthened ties with renowned local brands, including Grace Bay Club and The Hartling Group; longstanding partners who continue to expand their footprint and contribute significantly to the country’s tourism and real estate landscape.

Recognizing the need to better support a growing and diverse client base, Invest TCI made a strategic decision in 2023 to establish the Business Support Unit to provide dedicated and comprehensive support and training to entrepreneurs and small businesses. As the services offered continued to spread across the country, the agency noticed the need to enhance its presence in Grand Turk. In recent years, small business activity on the island has increased, alongside growing investor interest in Grand Turk’s unique cultural and economic potential.

Global Recognition and Strategic Partnerships

An important element of Invest TCI’s accomplishments contributed to defining the brand and visual identity of the agency. Invest TCI was carefully rebranded in 2017, strengthening the agency’s value proposition to investors. Its unique visual identity has been instrumental in communicating the country’s attractiveness and capturing the attention of international partners.

Invest TCI continues to generate international interest through its active participation in investment–focused international events, and the publication of several thought leadership articles, positioning the Turks and Caicos Islands as a forward-looking, investor-ready destination for investment. This proactive approach has created opportunities for the agency’s team to contribute to international planning committees and assume leadership roles within the global investment promotion community. In 2023, CEO of Invest TCI, Mrs. Angela Musgrove, was appointed as a Director of the Caribbean Association of Investment Promotion Agencies (CAIPA), a role that strengthens collaboration across the Caribbean, and has increased the visibility of the Turks and Caicos Islands among international investors.

Through strategic partnerships, projects facilitated by the agency have been recognized at the Caribbean Hotel & Resort Investment Summit, now known as ALIS CALA. The agency continues to provide global exposure for its MSMEs, most recently through its partnership with DMZ Canada. This collaboration has created international growth opportunities for entrepreneurs like Ms. Mary Fulford, owner of Island Mystique, who is now exploring new markets and expanding her business reach.

Leveraging Policy and Sustainability

In alignment with global sustainability trends, Invest TCI continues to champion sustainability by exploring further integration of Environmental, Social, and Governance (ESG) principles into the investment screening and facilitation process.

In addition to its vital role in attracting investments, Invest TCI actively participates in policy advocacy. To date, the agency has contributed to several policy recommendations, including but not limited to the revised National Investment Policy, MSME and Refurbishment Policies, ensuring the policy environment remains aligned with investor needs and national goals.

Looking Ahead

CEO of Invest TCI, Mrs. Angela Musgrove stated “As we mark this decade of service, we do so with gratitude for our partners, pride in our people, and optimism for the future. Our mission remains bold: to catalyze inclusive, sustainable investment that empowers every island and every entrepreneur across the Turks and Caicos.”

To commemorate this milestone, Invest TCI will host a series of events, including a celebratory Annual General Meeting that will convene government leaders, investors, and entrepreneurs to highlight those who have contributed to our economic landscape and explore the next phase of economic opportunities for the islands.

As Invest TCI enters its second decade, its mission remains clear: to drive sustainable investment that benefits the people of the Turks and Caicos Islands, builds resilient industries, and strengthens the country’s position on the global investment stage.

Looking ahead, Invest TCI will prioritise a better investor experience through innovative experiences and resources while adopting AI for a seamless process. Invest TCI reaffirms its commitment to continued outreach across the islands to ensure that every community can participate meaningfully in the country’s economic future.

News

Saunders Tells Caribbean Media: Be Seen, Be Heard – But What About TCI

Published

1 week ago

August 25, 2026

Deandrea Hamilton

by Deandrea Hamilton | Editor

PROVIDENCIALES, TCI — In a country where government press conferences are virtually non-existent, ministers are often difficult for journalists to access and regular broadcast television news has disappeared, TCI Innovation, Technology and Energy Minister E. Jay Saunders has challenged Caribbean media to become “impossible to ignore.”

Speaking at the Caribbean Broadcasting Union gathering, Saunders argued that the Caribbean does not have a relevance problem but a “discoverability and positioning problem.”

Discoverability is precisely the issue in Saunders’ home country. Even Government’s own attempts at video news broadcasting have struggled against the realities of consistently producing a daily, weekly or even monthly newscast.

The difficulties confronting TCI media extend well beyond algorithms: limited advertising revenue, underfunding, shortages of trained professionals and insufficient human capacity leave newsrooms struggling for both staff and stamina.

Then there is the reality of operating in one of the region’s smallest societies. Politicians, journalists, advertisers, businesses and the subjects of stories often exist within the same tight economic and social circles. A controversial report that might create a ripple elsewhere can produce a tsunami in TCI, intensifying concerns among journalists about commercial and professional victimisation.

Saunders believes AI can help.

He urged Caribbean media to use the technology to transform one original story into television, radio, web, podcast, social and translated content without multiplying newsroom workload.

He also wants regional journalism structured so AI systems can find, understand and trust Caribbean sources, moving media beyond traditional SEO into Answer Engine Optimisation.

His ultimate message was emphatic: “Use AI not to make Caribbean media more artificial — but to make Caribbean voices more visible.”

For Turks and Caicos media, however, becoming visible may require more than technology. It requires an environment in which journalism can survive.

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Bahamas News

Bahama Brass Band Invitation Sparks Heritage Debate Ahead of TCI Constitutional Holiday

Published

2 weeks ago

August 20, 2026

Deandrea Hamilton

Turks and Caicos, August 20, 2026 – The planned participation of the Bahama Brass Band in the Turks and Caicos Islands’ inaugural Constitutional Holiday celebrations on August 30 has sparked public debate over culture, heritage and the historical contributions of Turks and Caicos Islanders abroad.

Organizers defended the invitation, saying the band’s inclusion is intended to highlight the deep historical ties between the two countries and honor Turks and Caicos men who helped establish and develop the institution in Grand Bahama.

According to the organizers, the Bahama Brass Band began in 1955 in Pine Ridge, Freeport, with Turks and Caicos Islanders, including the late Deacon Reuben Hall Sr. of Middle Caicos and Jenkins Williams and Mervin Hendfield of North Caicos, among those who helped build its foundation. The band eventually grew to more than 50 men.

The organizers also pointed to the participation of Turks and Caicos men in The Bahamas’ Independence celebrations on July 10, 1973, arguing that their contributions became part of Bahamian history while maintaining strong connections to their homeland.

Supporters say bringing the band home represents an opportunity to honor those pioneers, showcase their regional influence and expose younger generations to an important part of Turks and Caicos history.

However, concerns raised publicly described the invitation as potentially disrespectful to local culture and heritage. Organizers acknowledged those concerns, apologizing to anyone who felt overlooked or offended, while maintaining that no disrespect was intended.

The committee said the event should ultimately unite rather than divide, presenting the band’s history as evidence of the reach and resilience of Turks and Caicos heritage.

PHOTO CREDIT: Bahamas Brass Band

News

BermudAir Launches New York Area’s First Nonstop Service to South Caicos, Now Just a 3.5 Hour Flight from Newark

Published

2 weeks ago

August 20, 2026

Deandrea Hamilton

Twice-Weekly Nonstop Flights Begin December 20 with Fares from $347 One Way, Creating Direct Access to Salterra Resort & Spa

– New Route Expands BermudAir’s Winter Turks & Caicos Network –

[New York, NY – August 20, 2026] – BermudAir, the leading premium leisure carrier to Bermuda and the Caribbean, today announced it will introduce nonstop flights to South Caicos from Newark this winter. The route places one of the Caribbean’s most secluded island destinations just 3.5 hours from the New York area for the first time.

The new service starts on December 20, 2026, operating on Sundays and Thursdays, and will be the only nonstop service to the destination from the New York area. This seasonal service will operate through April 25, 2027. Fares start at $347 one way ($773 roundtrip) and go on sale today.

The new South Caicos route creates gives travelers two distinct luxury resort options, with direct access to Salterra, A Luxury Collection Resort & Spa, recently named the No. 1 resort in Turks and Caicos by Condé Nast Traveler.

Set across 85 beachfront acres with a 3,000-foot private white-sand beach, Salterra brings a full luxury resort experience to an island still defined by its historic salinas, pristine waters, bonefishing flats and uninhabited cays. Upon landing at South Caicos International Airport (XSC), guests are approximately 10 minutes from the resort.

While flights go on sale today, the airline’s BermudAir Holidays vacation-packaging division will offer curated travel to South Caicos from next month, featuring flights, hotels and authentic island experiences, with bundled discounts and value-added perks, making it even easier to explore the destination.

Previously BermudAir announced seven new routes to Providenciales in Turks and Caicos, from Newark (EWR), Boston (BOS), Baltimore-Washington (BWI), Raleigh-Durham (RDU), Fort Lauderdale (FLL), St Petersburg/Tampa (PIE) and Toronto (YYZ) which will all start in December except for Fort Lauderdale which begins October 26.

Expanded Winter Season

To South Caicos:
Twice-weekly nonstop from Newark (Sundays and Thursdays) from December 20 through April 25, 2027.
To Turks and Caicos:
Weekly nonstop from Newark (Saturdays) and one weekly direct service (Thursdays) from December 19 through April 29, 2027;
Weekly nonstop service from Boston (Saturdays), from December 19 through May 1, 2027;
Weekly nonstop service from Baltimore-Washington (Thursdays), from December 24 through April 29, 2027;
Twice-weekly nonstop service from Raleigh-Durham (Thursdays and Sundays), from December 20 through May 2, 2027;
Thrice-weekly service from Fort Lauderdale (Mondays, Wednesdays and Fridays), from October 26 through May 3, 2027;
Twice-weekly nonstop service from St Petersburg/Tampa (Mondays and Thursdays), from December 21 through May 3, 2027; and
Weekly nonstop service from Toronto (Saturdays), from December 19 through May 1, 2027.

“We’re thrilled to continue expanding our Caribbean network as the premium leisure carrier from North America,” said Adam Scott, Founder and CEO of BermudAir. “Now New Yorkers can fly nonstop to two distinct sides of the Turks and Caicos Islands — Providenciales and the secluded island of South Caicos, home to the exquisite Salterra and Sailrock South Caicos resorts.”

The airline consistently earns Net Promoter Scores of 70+, one of the highest ratings in the airline industry. All flights will be operated on comfortable Embraer E190 aircraft, offering passengers the airline’s signature warm service and authentic island hospitality.

“South Caicos has always felt worlds away, and that is part of its magic,” said Michael Tibbetts, Founder and CEO of Salterra. “Beginning this winter, guests can fly nonstop from Newark in 3.5 hours, land at one of the newest international airports in the region and be at Salterra minutes later. This route makes a long weekend escape and an extended stay to one of the Caribbean’s most unspoiled islands remarkably easy, without changing the sense of discovery that makes South Caicos so special.”

For more information or to book flights, visit www.flybermudair.com. Salterra will offer dedicated stay packages timed to BermudAir’s Thursday and Sunday nonstop service. To book a stay at Salterra, A Luxury Collection Resort & Spa, visit www.salterra.com