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Minister Thompson optimistic about the future of Grand Bahama

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#GrandBahama, June 5, 2018 – Bahamas – “I am optimistic for the future of Grand Bahama, even in the face of the recent announcement on the increase of Value Added Tax,” said Minister for Grand Bahama in the Office of the Prime Minister, Senator Kwasi Thompson.

“This was necessary to avoid downgrading, necessary to avoid mass firing of employees and necessary to avoid the devaluation of our dollar. After years of kicking these problems down the road and trying to borrow our way out of trouble, it was time to make the hard, but necessary decisions.”

Minister Thompson was the keynote speaker at the 2018 Bahamahost graduation, which was held on Thursday, May 31, 2018, at Calvary Temple Church. Some 280 people made up this year’s graduating class, one of the biggest classes in the programme’s history in Grand Bahama.

Minister Thompson told the graduates and their guests that he chose to be optimistic about the future of Grand Bahama, even in light of some of the challenges it presently faces. Such optimism, he said, lies in the fact that there has been an increase in foreign direct, and domestic, interests over the past year in Grand Bahama.

“I’m optimistic by the re-opening of the Goombay Land Amusement Park, where there is expected to be some 20 people hired; I’m optimistic about Grand Bahama because we have seen the local investment by Fowlco, a Bahamian Marine logistics company that has hired 17 people.

“I’m optimistic about Grand Bahama because we have seen the expansion of companies like Omni Financial that has hired some 10 people; companies like Carnival Corporation, Ocean Medallion that have trained and hired Bahamians to create and to configure cutting edge technology for Carnival Cruise Line; I’m optimistic because we have seen companies like the Wind River Tobacco company invest in Grand Bahama and hire 20 Grand Bahamians.

“I’m optimistic about a major fabric company out of Nassau that will be opening doors here in Grand Bahama in a few months and who will be hiring Grand Bahamians to work; I’m optimistic because a Bahamian-owned food store is embarking upon a multi-million dollar expansion here in Grand Bahama, and construction has already begun.

“I’m optimistic about Grand Bahama because once stalled major projects have been restarted, like the Seaward Fishing Village and the PharmaChem expansion project. I’m optimistic about Grand Bahama because more such projects are coming on stream and are expected to once again boost the economy of Grand Bahama.”

Minister Thompson said that he is very optimistic about the future of tourism in Grand Bahama, particularly as the Government moves closer to closing the deal on the Grand Lucayan Resort and as plans go into effect to begin renovation on the property.

He said that the former Ginn Project has also been revived and the new owners have committed to hiring 200 people in their first year of operation. The Grand Bahama Minister said that there are some other projects scheduled to come on stream in Grand Bahama, but because they are still in the early stages, he was not at liberty to disclose the details of those projects as yet.

“But if you sat where I sit, you too would be optimistic about what is going to happen in Grand Bahama,” added Minister Thompson. “Even in the face of an increase in VAT, I’m still very optimistic in the future of this island.”

When the announcement that Value Added Taxes was increasing from 7.5 percent to 12 percent was made by the Minister of Finance, the Hon. K. Peter Turnquest, during his recent Budget Communication, a firestorm of social media posts reflected Bahamians’ feelings about the proposed increase.  However, Minister Thompson said he believes that in the end Bahamians would see why it was necessary for the Government to take the position it took on VAT.

“But even in the face of all of that, there are reasons in the recent budget to be optimistic,” added Minister Thompson.

“We’ve made it easier for Bahamians to do business, finding an easier way for Bahamians to start and renew their businesses; we have reduced duty on small vehicles; we have taken Value Added Taxes off breadbasket items and off medication; we have taken the duty off clothes and shoes for those businesses that sell those items and we have allowed for building supplies to be imported duty free, something which many Grand Bahamians are still in need of, as they continue to repair their homes from previous storms.”

A programme to be launched by the government that Minister Thompson is excited about is the new BTVI Scholarship initiative, which he says will help young people obtain the special training needed to take advantage of the expanding job market, particularly in technology subjects.  This programme, which is meant to be a transition from the 32-week job training program, will pay students to attend school and graduate with a degree.

“So, no matter what is going on or how things may appear, I choose to be optimistic about the future of Grand Bahama,” said Minister Thompson. “So I encourage you new Bahamahost graduates to join in this optimism, even as you celebrate the completion of this program.

“I want to commend you for your dedication and hard work that has brought you to this point – the graduation. It is an important milestone for you tonight. You have completed the training program and are now equipped with a unique skill set to approach the workforce and to help you ultimately succeed.

 

“Remember, successful people are optimistic people. They are not complainers. They are too busy solving the problem the rest of us are complaining about. So I challenge you to be more focused on finding a solution, than you are on a problem. When you are challenged, do not get bitter, get better.  Nothing worth having ever comes easy; if it came easy, everyone would have it and everyone would do it.

“I congratulate you for being a part of the solution. I particularly congratulate those who already are and who will become entrepreneurs. We must support you, as your success will drive our economy.”

 

By: Andrew Coakley (BIS)

Photo Caption: Minister of State for Grand Bahama, Senator Kwasi Thompson says that in spite of the announcement of a hike in Value Added Tax, he is optimistic about the future of Grand Bahama and sees many great things on the horizon for the island.

 

 

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Nassau Cruise Port Marks Sixth Anniversary with Exciting New Additions for Visitors and The community

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[Nassau, Bahamas, October 8, 2025] Nassau Cruise Port (NCP) proudly celebrates its sixth corporate anniversary by unveiling a series of transformative additions that further enhance the guest and community experience. The anniversary comes at a pivotal moment in the growth of the port, with the opening of a new swimming pool, an expanded marina, and a state-of-the-art ferry terminal that will support transfers to the Royal Beach Club, which is currently under construction on Paradise Island.

Since its $300 million redevelopment, Nassau Cruise Port – the largest transit cruise port in the world – has welcomed millions of visitors and become one of the most vibrant cruise destinations in the world. This anniversary not only reflects its commitment to delivering world-class facilities, but also its dedication to creating meaningful connections between visitors and the Bahamian community.

“This milestone represents much more than the passage of time,” said Mike Maura, Jr., CEO and Director of Nassau Cruise Port. “It reflects our promise to continually elevate the guest experience, contribute to the local economy, and provide opportunities for Bahamians. During our first year (2019) of operating the Nassau Cruise Port, Nassau welcomed approximately. 3.85 million cruise guests, and 2025 will see well over 6 million cruise visitors visit Nassau. Our focus on driving cruise tourism and the $350 million investment in our downtown waterfront is a testament to our vision of making Nassau a premier cruise and leisure destination.”

The new pool offers a refreshing retreat for visitors enjoying Nassau’s waterfront, while the expanded marina will accommodate additional yachts, boosting tourism and local commerce. The ferry terminal expansion enhances passenger flow and supports convenient, seamless transfers to the Royal Beach Club, strengthening Nassau’s position as a hub for Caribbean cruising and leisure.

As part of its anniversary celebrations, NCP will host a series of internal and external activities to celebrate its team and to highlight its ongoing investments in the Bahamian economy, including job creation, local vendor opportunities, and cultural showcases at the port.

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Next U.S. Ambassador?  Walker Pledges Business-Driven Approach as U.S. Looks to Counter China in The Bahamas

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Deandrea Hamilton | Editor

 

The Bahamas, September 16, 2025 – For the first time since 2011, the United States is on the cusp of sending an ambassador to The Bahamas — and the nominee, former football star turned entrepreneur Herschel Walker, is promising to bring his business instincts to the diplomatic table.

Speaking before the Senate Foreign Relations Committee last week, Walker underscored that his background in food-service companies and small business leadership has prepared him to think practically about investment. “I know how to run a business, how to create jobs, how to make payroll. Those lessons translate into building relationships and building trust,” Walker said.

Walker, who was nominated by President Trump in December 2024, faced the Senate Foreign Relations Committee on September 11. As of now, he has not yet been confirmed; his nomination remains under review, pending a committee vote before it can move to the full Senate. If approved, he would become the first U.S. ambassador to The Bahamas since 2011.

For years, U.S. officials have stressed security and counternarcotics cooperation with The Bahamas, including through “Operation Bahamas, Turks and Caicos.” But in areas like infrastructure, medical care, and long-term investment, Washington has often been absent.

Hospitals and clinics remain under-resourced, and hurricane recovery has been slow in many islands. Chinese state-backed firms, by contrast, have shown up with financing packages and construction deals — a presence that has raised alarms on Capitol Hill.

“Only 50 miles off our shore, The Bahamas is too important for us to ignore,” warned Senate Foreign Relations Committee leaders during Walker’s hearing. They called China’s inroads “strategic, not charitable,” suggesting Beijing’s long game is about ports, proximity, and political leverage.

Walker positioned himself as a nontraditional but pragmatic envoy. He argued that his business career, rooted in private sector success, equips him to champion American investment in The Bahamas.

He pledged to:

  • Promote U.S. companies interested in medical and infrastructure projects.
  • Support an environment that encourages American investors to see The Bahamas as more than just a beach destination.
  • Highlight opportunities for partnerships that improve public services, healthcare, and resilience against hurricanes.

“I’ve built businesses. I know what it takes to attract investors and create opportunity. That is exactly what I intend to bring to our relationship with The Bahamas,” Walker said.

The Bahamas is not just a tourist paradise. It’s a frontline state in migration, drug interdiction, and hurricane response. More than six million U.S. visitors travel there annually, making stability and safety a U.S. domestic concern as much as a foreign policy one.

And yet, with the ambassador post vacant for 14 years, the U.S. has often looked detached — opening space for China’s ambitious Belt and Road agenda. The fear is that infrastructure deals signed today could give Beijing leverage in the region tomorrow.                                                                                                                                                                                                                Walker’s confirmation would symbolize a course correction, signaling Washington’s intent to re-engage not only in security but in the economic future of The Bahamas.                                                                                                                                                                                                                    Not everyone is convinced Herschel Walker is the right man for the job. His nomination revived controversies from his 2022 Senate run, including past allegations, public gaffes, and doubts about whether he has the diplomatic polish the post demands. Some senators and analysts questioned whether celebrity and business experience were enough for a role requiring nuance in foreign policy and geopolitics.

Critics argued that The Bahamas, sitting just 50 miles from Florida and facing intense Chinese interest, deserves a seasoned diplomat rather than a political ally.

Walker confronted those doubts head-on. “People have underestimated me all my life — in academics, athletics, and business,” he told the Senate Foreign Relations Committee. “And I have always proven them wrong, through discipline, determination, and by outworking everyone.”

He admitted he had never served as an ambassador but countered that his career prepared him in other ways: building businesses, managing payrolls, and connecting with people from all walks of life. He framed his business background as a strength, promising to use it to encourage U.S. investment in healthcare, infrastructure, and hurricane resilience projects in The Bahamas.

Rather than sparring with critics, Walker leaned on confidence and persistence: “I know how to build trust and find common ground. That’s what this relationship needs.”

If confirmed, Walker would have to balance his role as diplomat with expectations of being a commercial cheerleader for U.S. firms. His emphasis on entrepreneurship suggests a willingness to push U.S. businesses toward opportunities in healthcare, ports, and post-storm reconstruction — areas where Bahamians say they need the most support.

For Bahamian officials, the question will be whether Washington is prepared to back words with financing. U.S. private sector dollars, paired with aid and development partnerships, could help shift the tide against Chinese influence.

For Walker, the test will be whether his business acumen can translate into diplomatic wins — giving Bahamians alternatives to Beijing, while deepening the U.S. role in the Caribbean.

Analysis: If Walker delivers, this appointment could mark a turning point: a U.S. strategy that recognizes that in the Caribbean, investment is diplomacy.

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Conflicting Reports as Grand Bahama Awaits Its New Airport: What to Believe?

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Deandrea Hamilton | Editor

 

September 16, 2025 – Grand Bahama’s wait for a modern international airport has taken another dramatic turn. Just days after reports surfaced that the $200 million redevelopment had collapsed because partners failed to secure financing, the government is now insisting the project is alive and well — with funding in the “final stages” and construction on the horizon.

Earlier This Week: Airport Deal in Dire Straits

The week began with grim headlines. Deputy Prime Minister and Aviation Minister Chester Cooper confirmed that private partners in the much-heralded consortium had not produced financing. “Regrettably, the funding had not happened,” he admitted, sparking widespread fears the deal had crumbled.

Those admissions triggered a storm of skepticism in Freeport. Back in February, the government had declared the airport deal “finalized,” naming Aerodrome Ltd., Manchester Airport Group, and BHM UK as partners. They promised demolition within 30 days, designs in 45 days, and a new terminal by year’s end. But now, more than four months later, not a single milestone has been delivered.

For residents and business leaders, the collapse narrative confirmed their worst fears: that Grand Bahama was once again being strung along with empty promises. Long-stay tourism — the kind that sustains hotels, restaurants, taxis, and shops — depends on a functioning airport. Without it, the island’s economy remains hobbled.

Today: Government Pushes Back

But late Thursday, the government issued a forceful rebuttal. “The redevelopment of Grand Bahama’s International Airport remains a central priority for this administration and is key to the island’s economic renewal,” the statement read. Officials stressed that they are “in the final stages of securing funding and concluding agreements on airport management.”

The statement went further, clarifying the role of Manchester Airport Group, the UK’s largest airport manager. MAG, it said, was never meant to provide financing but remains a core partner in shaping the airport’s development and management. Bahamian contractors, the government insisted, are part of the team tasked with delivering the facility. “Our focus is on results,” the release concluded. “Grand Bahama will have the airport it needs to grow, attract investment, and strengthen its role as a gateway to The Bahamas.”

Who Should Grand Bahama Believe?

The conflicting narratives — one of a deal in “dire straits,” the other of a project in “final stages” — have left Grand Bahama residents struggling to know what to believe. Is the airport project truly on life support, or is the government simply playing its hand close until funding details are nailed down?

Skeptics point out that this is hardly the first time the airport has been declared a priority only to see little follow-through. Promises in 2023, in February 2025, and again in summer 2025 all failed to produce visible progress. Each missed deadline has chipped away at public trust.

Supporters of the government counter that large infrastructure projects are inherently complex, with legal negotiations and financing arrangements often dragging longer than planned. They argue that the continued involvement of Manchester Airport Group is evidence the project is still credible.

The Bigger Picture

Grand Bahama’s airport troubles are intertwined with the stalled $120 million Grand Lucayan hotel sale, which also remains without visible progress 129 days after it was announced. Business leaders insist both projects must move together if the island is to see real recovery. A luxury resort without a modern airport is as unviable as an airport without hotel rooms to fill.

For now, the people of Grand Bahama are left in limbo. This week they were told the airport deal had failed. Today, they’re being told it’s moving forward. The only certainty is that, nearly a year after the latest round of promises, not a single crane has touched the sky.

As one resident put it: “We don’t need more statements. We need to see bulldozers.”

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