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Invest TCI Celebrates a Decade of Innovation and Impact

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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.

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Beaches Turks & Caicos Food and Beverage Department Blends Health and Family with Smoothies    

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PROVIDENCIALES, Turks & Caicos Islands: Families across the Turks and Caicos Islands are being encouraged to make healthier, budget-friendly choices all year round, thanks to Beaches Turks & Caicos’ creative team of bartenders who have shared refreshing smoothie recipes that are as nutritious as they are delicious.

Recognizing the daily challenge parents face in balancing work, family life and healthy eating, the resort’s bartenders have developed easy-to-make, affordable smoothies that cater to both children and adults. The initiative aligns with Beaches Turks & Caicos’ ongoing commitment to supporting family wellness and community well-being through practical, accessible lifestyle choices.

“Using these recipes is a great way to promote health while keeping things simple,” said Managing Director James McAnally. “Our team members are passionate about enhancing healthy lifestyles within our communities and this is just one way we help families make positive changes year-round.”

Among the standout recipes is the “Morning Sunshine,” a tropical blend of banana, mango and pineapple packed with fibre, potassium and vitamins A and C. Anna-Kay Thompson, bartender at the French Village, said the drink supports digestion and boosts energy levels. “Children are drawn to bright colours; they eat with all their senses. This smoothie is healthy, cost-effective and a great way to start any day,” she added.

Another favourite, the “Triple Tango,” mixes blueberries, kiwi and banana for a vibrant blend that boosts brain health and strengthens the immune system. Junior Jones, bartender at the Caribbean Village, described it as “a dance for the mind and body” thanks to its natural balance of sweet, tart and citrusy flavours.

For those craving something bold, the “Red Razzle” combines watermelon, strawberries, raspberries, kiwi and a hint of ginger for a refreshing, nutrient-rich mix. Packed with antioxidants, fibre and hydration-boosting properties, it’s a crowd-pleaser for both kids and adults. “This smoothie helps promote better nutrition and supports heart and immune health,” said bartender Kevin Williams.

Parents like Judy Morales, who balance work and family life, appreciate the initiative. “These smoothies are a game changer,” she said. “They’re simple, nutritious and fun to make with kids. It’s a great way to stay healthy without spending a lot.”

Bar Manager Uton Graham added that the resort’s bar team enjoys creating healthy beverage options that can be easily replicated at home. “Serving beverages for children requires creativity,” he noted. “We’re happy to share ideas that families can enjoy beyond the resort any time of the year.”

Beaches Turks & Caicos continues to blend more than just ingredients; it blends values of health, family and community. Through its food and beverage initiatives, the resort encourages families to adopt healthier habits while spending quality time together.

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Government

2,846 Jobs in the Pipeline; TCI with $430 Million Cash

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Turks and Caicos, November 7, 2025 – A record 2,846 new jobs are on the horizon for the Turks and Caicos Islands — a staggering figure that underscores the scale of economic momentum now coursing through the country. The announcement came yesterday as Premier and Minister of Finance, Investment and Trade, Hon. Charles Washington Misick, presented his mid-year report in the House of Assembly.

“Let me repeat, 1.27 billion dollars in development agreements for major projects have been executed,” the Premier told lawmakers. “From these projects we will create one thousand and twenty-three new rooms and two thousand eight hundred and forty-six permanent jobs for the economy.”

In a population of barely 45,000, that number is seismic. It speaks to both the opportunity and the tension of the moment — prosperity that will stretch local capacity and, inevitably, deepen reliance on foreign labour.

$1.27 Billion in Fresh Investments Fueling Growth

The employment surge is being driven by $1.27 billion in new development agreements brokered by Invest TCI between April and September 2025. The investment list is stacked with big-ticket names:

  • Hadley Investments Limited – $1.2 billion
  • The Bight by Dream Hotel – $65.5 million
  • Retreat Development Limited – $7.3 million
  • Amethyst Development Ltd. – $6.8 million

Collectively, these projects will bring 1,023 new rooms online and ignite activity across multiple islands. The Premier noted that 27 development agreements valued at just over $3 billion remain active — 22 in Providencialestwo each in Grand Turk and South Caicos, and one on Ambergris Cay.

Six new foreign direct investment (FDI) projects valued at $755 million have already started between April and September 2025, spread across four islands. Another four domestic investment proposals, worth $407.9 million, have been received for new luxury resorts, townhomes, and mixed-use spaces.

“Tourism continues to be the lifeblood of our economy,” Misick said. “But the pace of investment has been nothing short of vigorous, signaling strong investor confidence and a very promising future.”

The Labour Equation: Prosperity Meets Pressure

For all the celebration, there’s a flip side — the people needed to make this boom possible. The Premier acknowledged the growing reliance on expatriate labour and the strain that comes with it.

Work permit fees brought in $22.6 million during the first six months of the fiscal year — $1.9 million above estimates and $2.7 million higher than last year. Most of those work permits, the Premier confirmed, are tied to tourism and construction, sectors now running at full throttle.

“As construction and allied business activity has increased, so too has the number of work permits,” he said. The message was unvarnished: the more the economy expands, the greater the need for imported hands to build, serve, and sustain it.

It’s a bittersweet reality for a country whose citizens are ambitious but few. The challenge now — and the political test — will be whether the government can pair this expansion with deeper training, education, and local participation so that Turks and Caicos Islanders fill more of these high-value roles in the years ahead.

A Government Flush with Cash

If the development pipeline paints a picture of the future, the balance sheets show the country’s strength right now. The Premier reported that cash flow increased by $63.7 million in the first six months of the fiscal year.

At the end of the 2024/25 financial year, the government’s cash balance stood at $366.3 million — but by the end of September 2025, that figure had climbed to a commanding $430 million.

Of that total, $242.9 million sits in the Consolidated Fund for day-to-day operations, and $88.5 million is available in the Development Fund for project implementation — up sharply from $51.5 million in March.

It’s a level of fiscal cushion that few small island states can claim — one that gives the TCI a rare degree of resilience and maneuverability at a time when global markets are volatile.

A $1.7 Billion Economy — and Climbing

The Premier’s mid-year report confirmed that TCI’s economy now stands at $1.7 billion, with per capita income just over $34,000, among the highest in the Caribbean. Economic growth was a strong 6.5% in 2024, and global ratings agency Standard & Poor’s upgraded the country’s credit rating to A-, citing “sound fiscal management” and cash reserves nearing 30% of GDP.

Still, Misick cautioned against complacency, warning of tariff volatilityinflationary pressures, and U.S. stock market swings that could cool retiree travel — a major visitor segment. “These are realities we cannot ignore,” he said. “But neither will we be complacent. My government is responding proactively — intensifying marketing efforts, introducing targeted promotions, and pursuing new partnerships.”

The Bottom Line

The Turks and Caicos economy is running hot — billions in projects, thousands of jobs, and a government flush with cash. But with that heat comes a balancing act: managing rapid expansion while ensuring Islanders remain at the center of the story.

Because a boom means little if it doesn’t lift the people who call these islands home.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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Sandals Foundation and Great Shape Inc.! Produce More than 3000 Smiles in Providenciales  

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PROVIDENCIALES, Turks and Caicos Islands, November 5, 2025 — Staying true to the high quality of service it is known to provide, Sandals Foundation, Beaches Turks and Caicos and Great Shape! Inc, have served over 3,000 Turks and Caicos Islanders with state of the art free dental care in its recently concluded clinics – 1000 Smiles.

From October 20 to November 1, a dental volunteer mission team of 140 practicing professionals provided cleaning, filling, extractions, root canals, sealants and oral health education to residents of Providenciales. Its fifth year being implemented in the Turks and Caicos Islands (TCI), the programme’s reach indicate growing support and trust of the initiative facilitated by the philanthropic arm of Sandals Resorts International

While visiting the site at the Blue Hills Church of God of Prophecy church in Providenciales, Minister of Health and Human Services the Hon Kyle Knowles shared his satisfaction with the work noting, “As the Minister of Health, to see firsthand the quality of work being executed is an amazing feeling. Being able to see residents of Providenciales getting quality dental care being provided by professionals who have committed themselves to volunteering is what makes this initiative more meaningful.”

“The continued relationship between Sandals Foundation, Beaches Turks and Caicos and the government of the TCI augurs well for the development of our people and our communities. For two weeks, more than 3,050 residents were served including adults and students at our primary and secondary schools,” Knowles added.

Managing Director of Beaches Turks and Caicos James McAnally shared, “We are humbled by the numbers of persons that came out this year. As a resort, we value partnerships and through the Great Shape! Inc.’s healthcare partnership, together we have created history with the number of clients being served in any one visit to a region. We are proud to have been involved in creating brighter and healthier smiles for the residents of Providenciales.”

In explaining the customer-centric approach practiced by the medical volunteers, Programme Director of Great Shape! Inc., Shantelle Clarke said, “Some people come in with anxiety and are a little bit scared to get stuff done, but, as we talk through the procedure, explain what we’re doing, and why we’re doing it, we are able to build the trust of patients who develop a sense of ease.”

For the Ministry of Health’s (MOH) Chief Dental Officer Dr Janice Baron, the value of the Great Shape! outreach is priceless noting, “It has established a good example of best practices in the field”.

Meanwhile, more than 1,600 students from Thelma Lightbourne Primary, Richmond Hill Preparatory, Community Christian Academy, Mills Institute, Ashley Learning Centre and Elite Schools also benefited from dental care education through a school tour executed in the first week. Led by the Great Shape! team, students and teachers were reminded about the importance of proper brushing, flossing and oral care through interactive sessions.

“The sessions were dynamic, educational and children-friendly. Students were able to interact and ask questions which the team were able to answer in a fulsome manner which provided much needed information for the students,” says Principal of the Ashley Learning Centre, Shelrica Grant-Banton.

Great Shape! Inc. is one of the largest dental volunteer missions in the world The dental outreach, which commenced in TCI in 2021, is made possible with Beaches Resorts providing accommodations and the charitable arm, the Sandals Foundation, spearheading logistics and offsetting the costs for transportation, as well as food and beverage for the clinics.

For more information about the Sandals Foundation and to donate, visit: https://sandalsfoundation.org.

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