News
News Release: Invest Turks and Caicos Launches Business Support Unit to Empower Entrepreneurs and Small Businesses
Providenciales, Turks and Caicos Islands, July 17th, 2023 – Invest Turks and Caicos is thrilled to announce the official opening of its highly anticipated Business Support Unit (BSU). The inauguration ceremony and open house took place on July 17th at the Courtyard Plaza in Providenciales, marking a significant milestone in the
island’s business development landscape.
The event drew a range of audiences, including BSU clients, MSME Programme recipients, business community members, Taxi Association representatives, the Department of Trade, Turks and Caicos Hotel and Tourism Association, and the dedicated staff of Invest TCI.
As an integral part of Invest TCI, the newly launched BSU is committed to providing comprehensive support and training to entrepreneurs and small businesses. With a team of highly professional Business Advisors, the BSU caters to existing businesses, pre-venture clients, and innovative entrepreneurs, offering services characterized by integrity, confidentiality, quality, and timeliness.
Over the past seven months, the BSU has already made a remarkable impact, empowering seventy individuals through its face-to-face training program. These training workshops were conducted on the islands of Providenciales, Grand Turk, and South Caicos, with a primary focus on addressing the crucial challenges entrepreneurs face, particularly in financial management.
Furthermore, the BSU has forged a strategic partnership with Udemy Business, a renowned e-learning platform, to provide three hundred tailored courses that address the skill gap challenges often encountered by entrepreneurs. By harnessing the power of technology, the BSU aims to equip business owners with the necessary skills and knowledge to thrive in today’s competitive landscape.
Recognizing the importance of specialized expertise, the BSU has also registered twelve service providers in key business areas such as Accounting, Marketing, and Business Planning. These professionals will be readily available to offer their expertise and guidance to BSU clients, ensuring they receive comprehensive support across various business functions.
In expressing her enthusiasm for the opening of the BSU, the Director of the Business Support Unit, Anissa Adderley, stated, “We are delighted that the Business Support Unit has officially opened. We are ready and eager to serve the business community. We look forward to working with businesses to ensure they maximize their potential and succeed. The BSU aims to improve the environment that allows businesses to flourish and foster a culture of
entrepreneurship and innovation. We encourage all businesses to take advantage of the services provided by the BSU, namely, Business Planning, Training, Counselling, Administrative Services, and MSME Programme Recipient Support. Let us help you take your business to the next level.”
The CEO of Invest Turks and Caicos, Angela Musgrove, also shared her excitement about the launch, stating, “The opening of the Business Support Unit marks a significant milestone in our ongoing efforts to foster a vibrant and thriving business community in the Turks and Caicos Islands. We are committed to providing entrepreneurs and small businesses with the necessary tools, resources, and support they need to succeed. The BSU represents our dedication to nurturing a culture of entrepreneurship, innovation, and sustainable growth. We encourage businesses to engage with the BSU and leverage its wide range of services to unlock their full potential and drive economic prosperity for our islands.”
Invest Turks and Caicos invites entrepreneurs, small businesses, and aspiring business owners to leverage the
comprehensive support offered by the Business Support Unit. With its range of services and specialized support for MSME Programme recipients, the BSU is well-equipped to guide businesses toward sustainable growth and success.
For more information about the Business Support Unit and the services provided, please visit www.investturksandcaicos.tc or contact the BSU directly at bsu@investturksandcaicos.tc or (649) 338-4787.
Press Release
Providenciales, Turks and Caicos Islands – May 14th, 2024 – The Turks and Caicos Islands Government and Molo Hotel Group reached a pivotal juncture on Monday, May 13th, 2024, with the ceremonial signing of a development agreement at the Premier’s Office on Providenciales. The agreement, which received official Cabinet approval on March 13th, 2024, signifies a steadfast commitment to advancing the economic landscape of the Turks and Caicos Islands.
Molo Hotel Group is a family-owned business, renowned for its distinguished portfolio of high-quality hotels worldwide. The
development initiative encompasses the construction of three distinct IHG branded hotels: InterContinental Turks and Caicos, Kimpton Turks and Caicos and Hotel Indigo Turks and Caicos. Scheduled for completion by 2027, each resort boasts a distinctive design from luxury to laidback sophistication spanning across the shores of Grace Bay Beach.
Kimpton Turks and Caicos – an epitome of luxury lifestyle living, will feature 192 guest rooms including three outdoor pools, a luxury spa and a fitness center. Additionally, seven dining options ranging from a beachfront restaurant to a rooftop bar.
Adjacent to the Kimpton, InterContinental Turks and Caicos will offer 59 classic luxury suites with panoramic ocean views. Mirroring its counterpart, this resort will offer an array of dining options and upscale facilities.
Steps away from the Intercontinental and Kimpton resorts, Hotel Indigo Turks and Caicos will embrace a sense of community and contemporary elegance, offering 56 bedrooms. The resort will feature an onsite restaurant, lobby bar, outdoor pool, and fitness room.
Beyond the realm of hospitality, this development agreement underscores the government’s commitment to fostering economic growth and enhancing employment opportunities in the Turks and Caicos Islands. Molo is partnering with the Turks and Caicos Islands Community College (TCICC) to actively promote hospitality as a career choice and support in developing training programs, career fairs, seminars, workshops, and events to raise awareness about hospitality careers. Molo has committed to provide employment and apprentice opportunities to TCICC students and provide mentoring and practical on property training to students.
The signing event was graced by Hon. Charles Washington Missick, Premier of the Turks and Caicos Islands, Hon. Jamell Robinson, Deputy Premier, Hon. Kyle Knowles, Minister of Public Safety and Utilities, Hon. Rachel Taylor, Minister of Education, Youth, Sports and Culture, Łukasz and Marcin Slominski, Owners of Molo, Ross Morrow, Managing Director Molo, Arik Kono, Vice President Upscale Development for IHG, Dr. Candice Williams, President and CEO of the Turks and Caicos Islands Community College, Angela Musgrove, InvestTCI CEO, Dr. Barbara Ambrister, Chairperson of the Turks and Caicos Islands Community College, Dr. Delores Stapleton- Harris, Vice President of Academic, Vocational and Student Affairs for the Turks and Caicos Islands Community College, Mr. Kevin Baxter, Dean of Technical Vocational Education Training (TVET) and Sheryl McLaughlin, InvestTCI Investment Services Executive.
Commenting on the development agreement, Premier, Hon. Misick, stated “The Memorandum of Understanding (MOU) signing of
IHG/Molo Hotels is a significant step towards a sustainable future for hospitality in the Turks and Caicos Islands. Three hotels, Kimpton, Intercontinental, and Hotel Indigo, will be introduced, enhancing our tourism product and creating employment opportunities.”
He further added, “Partnerships with the Turks and Caicos Islands Community College and Turks and Caicos Islands Sports Commission are underway, demonstrating the Government’s commitment to developing human capital and elevating tourism offerings. This project will bring economic growth, embrace local talent, and enrich our economy.”
Additionally, Mrs. Angela Musgrove, CEO of Invest Turks and Caicos Islands, emphasized “This collaboration confirms our commitment to fostering economic growth and prosperity within our country. We have worked closely with Molo Hotel Group, and we are confident that this transformative project will further position the Turks and Caicos Islands as a premier destination for travel and investment. Much to our delight, it will also provide opportunities for engagement with our Community College and small business community.”
The Government of the Turks and Caicos Islands, operating through its primary Investment Promotion
Agency, Invest Turks and Caicos Islands, remains committed to attracting and facilitating Foreign Direct Investments to the country by providing a comprehensive suite of services. Through strategic initiatives and targeted promotion, the agency catalyzes sustainable development, driving innovation and small business opportunities across various sectors of the economy.
#TurksandCaicos, May 13, 2024 – Detectives of the Serious Crime Unit of the Royal Turks and Caicos Islands Police Force have
charged a man who allegedly stole a vehicle.
The accused, DANVANTE BRISCO, 30, of Kew Town, Providenciales, was charged with:
- One Count: Robbery
- One Count: Taking Motor Vehicle Without Authority
- One Count: Using Offensive Weapon to cause fear
Mr. BRISCO appeared in court today (May 13 ) and was granted bail of $7500.00 with one surety.
The matter was adjourned to July 05 for a Sufficiency Hearing.
#TurksandCaicos, May 13, 2024 – A 20-year-old Dock Yard male appeared in court today (May 13th) charged with a series of firearm-related offences.
The accused, JAMES SIMON, was denied bail and remanded into custody pending a Sufficiency Hearing scheduled for July 05th, 2024.
Mr. SIMON faces the following charges:
- One Count: Robbery;
- One Count: Gang Membership
- One Count: Possession of a Firearm for the Benefit of a Gang
- One Count: Possession of Ammunition for the Benefit of a Gang.
The charges against Mr. Simon followed investigations by officers of the Royal Turks and Caicos Islands Police Force into a robbery at the parking lot of a Casino where three males robbed a victim.
Additionally, Mr. Simon is charged with the following offences, having been arrested on May 02nd, 2024, along South Dock Road.
- One Count: Possession of a Firearm
- One Count: Possession of Ammunition
- One Count: Unlawful Entry
Officers also charged a teenage minor who was in the company of Mr. Simon on May 02nd with One Count of UNLAWFUL ENTRY.
The accused, seventeen and from Kew Town, Providenciales, pleaded guilty and will be sentenced on May 20th.
-
Health1 week agoAstraZeneca withdraws COVID vaccines after millions took their jabs
-
Caribbean News7 days agoBelize, Jamaica and St. Vincent and the Grenadines eliminate mother-to-child transmission of HIV and Syphilis
-
TCI News6 days agoEquity in Energy says Bahamas Energy & Transport Minister in legislative roll out
-
TCI News6 days agoFamily of 16 tourist claims negligence in Grand Turk jet ski death; Coroner’s Court hearing evidence
-
TCI News4 days agoAMERICAN MOTHER AND DAUGHTER ALLEGEDLY ARRESTED FOR TWO BULLETS
-
Caribbean News7 days agoMagnetic Media attends Caribbean Media Summit, in focus AI in Journalism
-
world news1 week agoElectricity Access for 600 Million a goal of UN Sustainability Week
-
Bahamas News6 days agoThe Bahamas Successfully Hosts Its Fourth World Athletics Relays