News

Grand Bahama Tech Hub Vision Moves Forward

By: Caribbean Journal Staff - May 4, 2018

By Dana Niland
CJ Contributor

The Bahamas has made no secret of its ambition to turn the island of Grand Bahama into a tech hub and innovation center, and its plans got a big boost with the recent announcement that GIBC Digital would be launching a new office on the island.

GIBC provides digital solutions in automation, data intelligence, cyber and fraud, customer experience as well as regulation and compliance.

“This government has been focused on making technology the third pillar of our economy and it has been our vision to advance not just the economy, but the digital economy in Grand Bahama,” said Minister of State J. Kwasi Thompson. “Today, we are seeing some of the fruits of the Grand Bahama Technology Hub Initiative.

“This is a project which advances the entire Technology vision for Grand Bahama. It involves capital investment, providing employment, and providing the necessary training in the technology industry,” he said.

“Today’s announcement by GIBC represents a significant investment in Grand Bahama’s economy,” he said. “GIBC intends to invest a minimum of $2.5 million this year to establish its office in Grand Bahama.”

“I am excited that this investment will enable the hiring of 50 persons to work along with the company both locally and regionally,” he said.

The hiring process has already begun.

“We are further pleased that this investment also involves training of Grand Bahamians for the technology industry,” said Thompson. “In addition to the initial investment, GIBC has indicated they will invest another $1 million through deployment of employees from the United States, the UK, and other areas to The Bahamas to conduct training and direct work.

“GIBC anticipates that for each skilled job created, another 2.5 jobs will result in our local service, and tourism sectors, resulting in an estimated economic impact of over $10 million in the first year alone,” he said. “Further, GIBC’s has expressed plans to expand its Bahamian operations to over 150 employees and build a state-of-the-art, sustainable Data and AI center within three years, bringing an economic impact of $50m by 2020.”

GIBC is one the first companies to benefit from the Commercial Enterprise Act in Grand Bahama.

They have been granted approval, which has enabled them to set-up their office quickly.

“Grand Bahama should be pleased and proud that a global technology company has chosen not only to set up an office, but to invest in the lives of our people, and to be a part of this important technology initiative,” said the minister.

President of the Grand Bahama Port Authority, Ian Rolle, described the day as “significant” and said it was the beginning of something new in the technology sector.

“Both the government and the Grand Bahama Port Authority’s vision for this place is to increase the population in a very unique way,” said Rolle.

Popular Posts the sexiest beaches including this resort at atlantis

The Sexiest Beaches in the Caribbean to Visit Right Now 

One is a beach with a nightclub-style pool right next door. Another is filled with beach bars — and even has its own au natural corner. Then there’s a beach that’s practically a nonstop party.  There are so many things that […]


The Best Caribbean Islands to Visit This Summer, From Antigua to St Croix

verandah antigua

We’ve been saying it for years, and we’ll keep saying it: in some ways, the Caribbean is even better in the summer months. The water is warm. It’s a bit less crowded, a little bit quieter. At night, the trade […]


The Winners of the 2024 Caribbean Green Awards 

caribbean green

With almost 20,000 votes, the winners of the Caribbean Green Awards 2024 Presented by E-Finity have been crowned.  From state-of-the-art marine conservation projects to hotels that are redefining sustainability, the Green movement has never been stronger in the Caribbean.  “This […]


Related Posts nassau cruise port history

The Nassau Cruise Port Just Made History Again 

Nassau’s booming cruise port just made history again on Tuesday, when a record-breaking seven ships called on the recently-revamped downtown port.  More than 20,000 passengers came to Bahamian shores on ships including Carnival Liberty, Vision of the Seas, Disney Wish, […]


The Great Grand Bahama Comeback

grand bahama

Approaching five years post-Hurricane Dorian, it appears Grand Bahama is having a major moment in the sun. The northernmost Bahamian island was ground zero for the 2019 storm, which caused an estimated $7 billion in damage Bahamas-wide. Today, according to […]


Travelers Keep Flocking to The Bahamas, From Nassau to Grand Bahama to Bimini

greenwood beach

From a boom in Grand Bahama to continued growth in islands like Abaco, Andros and Cat Island, The Bahamas is in the midst of a tourism renaissance, according to new data from the country’s Ministry of Tourism.  Last year, foreign […]


SUBSCRIBE!

Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.


No. Thank You