Above: The Turks and Caicos Islands

By the Caribbean Journal staff

The Turks and Caicos Islands is creating a new inward investment promotion agency, according to the government.

Invest TCI, as the organization will be known, has already appointed its first board members.

The agency includes two Turks and Caicos Islanders: Anton Faesler, who will serve as chair, and Tremaine Swann-Harvey, who will serve as Deputy Chair.

Additionally, TCI Permanent Resident Colin Heartwell’s consultancy firm has been awarded a contract as an investment promotion expert.

“I am very excited by the potential of Invest TCI, given that we are already one of the fastest growing economies in the Caribbean,” said Minister of Finance Washington Misick. “Our economy can only benefit by having an expert team working to bring together the needs of business and government in a more co-ordinated and coherent manner.”

In a statement, the government said Invest TCI would “work with investors who want to do business in the TCI, as well as advising government on how it can create the right environment to encourage trade and streamline the investment process.”

The agency will replace the now-defunct TCInvest.