#Freeport, GB, February 21, 2019 – Bahamas – Grand Bahama’s economic season is changing, said Minister of State for Grand Bahama in the Office of the Prime Minister, Senator the Hon. J. Kwasi Thompson, on Thursday, February 21 at the official opening of the Grand Bahama Business Outlook.
The
21st annual Grand
Bahama Business Outlook 2019 is being held under the theme, “Connecting
Resources, Maximizing Opportunities, Transforming Grand Bahama” at the Grand
Lucayan Convention Centre.
The sentiments expressed by the Minister received a rousing round of applause from the room filled with business people and students. Also in attendance were President of the Senate, the Hon. Katherine Forbes-Smith; Parliamentary Secretary in the Ministry of Works and Utilities, Iram Lewis; Senator the Hon. Jasmine Darius as well as senior government officials and executives from the Grand Bahama Port Authority.
“This
is a critical time for us in Grand Bahama. I dare say, it is one of the most
important times in our generation.”
Quoting Ecclesiastes 3:1, “To everything there is a season, and a time to every purpose under the heaven” he continued, “For years, we have been in a very economically challenging season. It is my considered view that Grand Bahama’s economic season is changing. Therefore, I am prepared to say without reservation, the future outlook for Grand Bahama is bright.”
A report from the Grand Bahama Port Authority states there has been an increase in approved and issued licenses, as well as the report from Inland Revenue of 388 new licenses in East and West Grand Bahama, the island is experiencing steady growth. With a steady reduction in unemployment and an increase in stop-over visitors in tourism, the island is moving in the right direction but there is still much more to be done.
Giving an overview of what is taking place or about to take place on the island, Minister Thompson touched on the sale of the Grand Lucayan as well as the West End Development. The recently announced Carnival Cruise Port was mentioned, and he advised residents to prepare themselves and seize the opportunity as it is expected that 12,000 passengers will visit the island daily, compared to the 2-3,000 that visit twice weekly now.
“So between now, and 2020, we have a lot of work to do. Through this project we have an opportunity to reintroduce Grand Bahama to the world as a premier cruise and tourist destination.
“Grand
Bahamians, now is the time to think about restaurants, Junkanoo shacks, retail
stores, food and beverage logistics, entertainment, native shows, recreational
activities. Carnival will not do this, we must!
“The port will also serve as a transportation hub for tours, taxis and rental cars. This will mean more boat tours, fishing tours, island tours, sports tours like golf and tennis, West End historical tours and East End eco-tours. Carnival will not do this, we must!
“The
heavy lifting must be done by Grand Bahamians.”
Announcing a new development, Minister Thompson said the Government has approved in principle the Western Atlantic University School of Medicine to be located in Freeport. Made up of former Ross University professionals, the newly-formed medical school is now continuing their approval processes and hopes to welcome students in September 2019.
It
is expected that the first phase of a $10 million building by the developers
will begin and the project will provide 200 jobs.
As Grand Bahama continues to be dubbed the tech hub of the region, two companies GIBC and i-tel BPO, are currently operating on island. “Other companies recently approved under the Commercial Enterprise Act on Grand Bahama include: G.B. Biopharma, a company engaged in biomedical services; DevDigital Bahamas Limited, a Bahamian joint venture web development company; Skyward Techno is another company going through the approval process, a computer software company which developed highly advanced business software solutions. Over the next five years, Skyward Techno has revealed plans to create 100 full time jobs and 180 part time jobs with a budget of $2 million.
Agriculture
Enterprises Development Limited, a Bahamian joint venture farming company that
will engage in a pilot fruit and nut farm producing coconut, castor and palm
oil for the local market and for export; and another Bahamian joint venture
company, Bahamas Golden Harvest Limited, was approved to establish a chicken
hatchery, produce eggs, chicken feed, cash crops and citrus on East End Grand
Bahama.
“We will make our immigration policy more attractive for Tech investment. We are now finalizing draft legislation to create a special visa, known as the BH-1B Visa in keeping with recommendations made by the Grand Bahama Technology Steering Committee. This would be particularly for companies seeking to relocate their development teams to the Bahamas to retain specialized talent. The committee proposes that through the imminent population growth as a result of this program Grand Bahama will see significant economic impact in the areas of housing, national insurance, food, entertainment, education, healthcare and government taxes among other industries.”
Minister
Thompson also addressed free education at BTVI, UB which is expected to begin
this fall, and courses currently being carried out at the YMCA.
Small
businesses, he said, are getting a major boost with the assistance from the
Ministry of Grand Bahama’s Micro & Small Business Grant program where to
date, some 197 participants have received the training and 87 have received
grants for their businesses resulting in a total of $371,000.
He said, “Further, Grand Bahama’s Small Business Development Center was launched in January. In his official address, the Deputy Prime Minister noted that The SBDC is the centre stone of the Government’s campaign to stimulate Bahamian ownership, to invest in entrepreneurs and to provide micro, small and medium sized businesses the incentives and assistance needed to survive and thrive. This is a core part of our recipe to grow the economy in Grand Bahama and thereby create jobs and wealth. The SBDC takes a holistic approach that considers the full range of needs that entrepreneurs have: being training, financing and mentorship. The Government has leveraged some $5 million in order to secure up to $9 million worth of financing for small businesses across the country. We have done this largely thanks to an unprecedented partnership with domestic commercial banks, the Bahamas Development Bank, and The Bahamas Entrepreneurial Venture Fund (BEVF). Through the SDBC, Bahamian entrepreneurs will have access to: Government Guaranteed Loans; Business Grants; and Equity Financing. And a large portion of the grants will be earmarked specifically for youth up to the age of 40 from the Family Islands.
“This
is just another of several initiatives aimed at empowering Bahamians. Grand
Bahama, I urge you to take advantage of these opportunities.”
By Robyn Adderley
Release: BIS
Photo Captions:
Header: Grand Bahama business people heard on Thursday, February 21, that Grand Bahama has a bright economic future with the current and future projects. This message was delivered by the keynote speaker, Senator the Hon. J. Kwasi Thompson, Minister of State for Grand Bahama in the Office of the Prime Minister.
Insert: Many business people in Grand Bahama attended the 21st annual Grand Bahama Business Outlook 2019 at the Grand Lucayan. The event, hosted by The Counsellors Limited, was held under the theme, “Connecting Resources, Maximizing Opportunities, Transforming Grand Bahama.” The keynote speaker was Minister of State for Grand Bahama in the Office of the Prime Minister, Grand Bahama, Senator the Hon. J. Kwasi Thompson (fourth from right). Next to Minister Thompson is Parliamentary Secretary, Iram Lewis and shown at the far right is Senate President, the Hon. Katherine Forbes-Smith.
Monday, October 13, 2025 — Nassau, The Bahamas – What began as a calm holiday meeting has spiraled into a full-blown standoff between The Bahamas Government and two of the country’s most powerful public sector unions — the Bahamas Union of Teachers (BUT) and the Bahamas Public Services Union (BPSU) — after the Prime Minister abruptly cancelled follow-up talks set for Tuesday, blaming public comments made by union leaders.
The announcement of the cancelled meeting came late Monday, just hours after a tense sit-down at the Office of the Prime Minister, held on National Heroes Day, where both BUT President Belinda Wilson and BPSU President Kimsley Ferguson accused the government of dragging its feet on salary increases and retroactive pay owed to thousands of public officers.
Wilson, never one to mince words, said the Prime Minister’s “technical officers” — the very people responsible for executing his instructions — were failing to carry out his directives regarding payment timelines.
“The Prime Minister’s issue,” Wilson said, “is that he has persons working for him who are not following his instructions. If those officers would follow through on what he told them to do, we wouldn’t be here today.”
Wilson added that the BUT and other unions are demanding retroactive pay dating back to September 2024, and that all increases be applied and paid by the October payday, not December as previously stated by the Prime Minister.
“Senior civil servants already received their retroactive pay — thousands of dollars — backdated to September of last year,” Wilson charged. “We’re saying the small man deserves the same. This isn’t a gift. It’s money already earned.”
Her comments came after the government publicly insisted that the salary adjustments would be implemented by December 2025, just ahead of Christmas — a timeline unions flatly reject as too slow.
Ferguson: ‘No More Excuses’
Following Wilson, BPSU President Kimsley Ferguson delivered a fiery statement of his own, telling reporters the unions would no longer tolerate delays or mixed messages from the Davis administration.
“The Prime Minister was receptive — but we’re not accepting excuses,” Ferguson said. “If the Prime Minister’s having a memory lapse, we have the Hansard from Parliament to remind him exactly what he promised public officers.”
Ferguson went further, warning that if Tuesday’s meeting failed to produce results, unions would “visit the House of Assembly” and intensify their campaign for immediate payment.
“Public servants, ready yourselves,” he declared. “We are prepared to stand together — all across The Bahamas — until our needs are met.”
Now, with the Prime Minister cancelling tomorrow’s talks altogether, that threat appears closer to becoming reality.
Government Bungles Response
Observers say the administration’s handling of the matter has been confused and contradictory, with conflicting statements on payment timelines and poor communication fueling frustration among teachers, nurses, and general public officers.
The government has maintained that the funds are allocated and will be disbursed before year’s end, but unionists insist they’ve heard it all before — and this time they want results, not promises.
The Prime Minister’s decision to cancel the meeting, rather than clarify or de-escalate tensions, has drawn sharp criticism across social media and among rank-and-file civil servants who see the move as punitive and dismissive.
Slowdown and the Threat of Another Mass Protest
Across several ministries, departments, and schools, reports are already surfacing of a go-slow in the public service, as workers express solidarity with the unions’ demands.
Many believe another mass demonstration is imminent, similar to the one staged last week Tuesday when thousands of workers gathered outside the House of Assembly on Bay Street as Parliament reopened after summer recess.
That protest brought parts of downtown Nassau to a standstill as union members sang, marched, and even sat in the street — a powerful show of defiance that now threatens to repeat itself unless the government moves quickly to resolve the impasse.
A Political Flashpoint
What began as a straightforward salary dispute has now evolved into a test of credibility and competence for the Davis administration. With a restless public sector, rising inflation, and unions unified across professions, the government risks not only another protest — but a full-blown industrial crisis heading into the year’s end.
For now, the unions are standing firm: they want retroactive pay from September 2024 and full salary adjustments by this October. Anything less, they warn, could push the country’s workforce from a slowdown into open confrontation.
Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.
[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.
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.