Concerns about inadequate infrastructure, unreliable internet service, the lack of skilled labor to meet economic demands, and the need for more incentives for businesses on the Family Islands were highlighted at the BCCEC National Conclave of Chambers of Commerce.
Emmett Saunders, executive director of the Exuma Chamber of Commerce, addressed some of these issues during the conclave, stating: “One of the real challenges we face daily in Exuma is the unacceptable internet service. This impacts several areas: investors rely on the internet for information, visitors need to stay connected with family, and businesses must bridge distances to access resources. Improved connectivity is essential. While we have seen some progress with a new provider, much work remains.” Mr Saunders noted that Exuma has seen a surge in visitor arrivals exceeding 100 percent over the past decade.
Mr Saunders also stressed the importance of including education in discussions about economic development. “We face a shortage of skilled labor, which is concerning. This gap means that the disparity between our economic growth and the availability of skilled workers will continue to hinder Exuma's potential.”
He noted the recent closure of Sandals Emerald Bay, which will be replaced by an all-inclusive Beaches resort, emphasizing the economic impact of this transition. Saunders estimated that the cancellation of the Great Exuma Golf Tournament at Sandals would result in a $1 million hit to the local economy.
“Our visitor arrivals have increased significantly—over 100 percent in the last ten years—primarily due to a rise in air travel from major gateway cities. The Exuma International Airport is now efficiently accommodating this growth, and a new state-of-the-art airport is under construction, with groundbreaking having taken place on May 7, 2021,” he shared.
Thomas Sands, president of the Eleuthera Chamber of Commerce, echoed these concerns, highlighting that businesses were unprepared for the island's economic growth. “Infrastructure is poor, neglected, and inadequate, forcing businesses to invest in backup systems,” he remarked.
He also pointed out the lack of adequate supplies for labor, skilled individuals to build businesses, sufficient accommodations for returnees, and limited banking options. Sands called for a comprehensive domestic policy for the Family Islands, one that offers equivalent benefits to businesses in Eleuthera and other islands. “We’re not asking for a handout; we’re advocating for a supportive business environment to enable all businesses to thrive,” he said.
Daphne DeGregory Mailous shared similar sentiments, noting that while the island is rebounding from Hurricane Dorian, challenges like labor and housing shortages persist. She emphasized that although the tourism sector is recovering strongly, issues with inconsistent water and power supply, labor shortages, and limited funding options continue to affect businesses.
Meanwhile, James Carey, president of the Grand Bahama Chamber of Commerce, acknowledged the complexities of resolving the ongoing dispute between the Government and the Grand Bahama Port Authority. “While a swift resolution may be easier said than done, collaboration between both parties is crucial for the common good,” he stated at the conclave.
He continued: “The Government's push for the GBPA to increase its contributions to the community is significant and welcomed. Grand Bahama Island can be effectively developed by focusing resources on East and West Grand Bahama, which would also boost government revenue through increased fees and taxes.”
Despite these tensions, Mr Carey expressed optimism about the $2 billion-plus in investments slated for Grand Bahama, which could significantly benefit the island. “The upcoming sale and redevelopment of the Grand Lucayan, alongside the revitalization of the Grand Bahama International Airport, are encouraging signs. The GBCC is committed to not only enhancing opportunities for our members but also revitalizing our local economy. Despite the hurdles posed by Hurricane Dorian and the global pandemic, the resilience of Grand Bahama Island and its residents remains strong,” he concluded.
Reliving the incredible moments from the 6th Annual National Conclave of Chambers of Commerce in The Bahamas 2024!
Thank you to everyone who participated and contributed to making this event a success. Your insights, ideas, and enthusiasm were invaluable.
We can't wait to see what we'll achieve together next year!
View the photo album here >>> https://national-conclave-of.thebahamaschamber.com/
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