In his presentation to the audience at the Abaco Business Outlook 2014, North Abaco Administrator Neil Campbell reiterated that the business outlook for North Abaco, Green Turtle Cay and Grand Cay “is good.”
He illustrated the main sources of income that keeps the North Abaco communities afloat with a great deal of residents employed in the Public Service sector closely followed by fishing, the hotel industry, construction, water and land taxi services, China Harbour Engineering Company (CHEC), and Abaco Foods aka “The Farm”.
He was proud to announce that with 150 individuals employed in Public Service, an estimated 14 employees were made permanent in the past two years therefore receiving job security and access to employment benefits. Additionally, the first Agriculture Office was recently opened in Cooper’s Town this year.
Still, the fishing industry has stood the test of time for North Abaco residents.
“Fishing touches almost every household whether recreational or professional,” Campbell confirmed. “One hundred and thirty persons applied for permits this season.”
In the Tourism sector, 10 hotels properties are accounted for, and this number is separate from rental properties available on North Abaco, Green Turtle Cay and Grand Cay. Administrator Campbell shared that there has been an increase in cruising permits, and activity at the Treasure Cay International Airport has increased to 27 percent this year.
Within the construction industry, the China Harbour Engineering Company (CHEC) was praised for the amount of jobs and economic boost to the area through its North Abaco Port Project. The $30 billion project has a two-year completion date, and so far Administrator Campbell noted that $1.3 million has been spent in local communities. He added that for every Chinese worker there are three Bahamians employed.
Finally, Administrator Campbell revealed that there are other proposed investment opportunities for North Abaco with town meetings being held to garner public consensus.
“Ladies and gentlemen, North Abaco’s business outlook is a positive one, and it will take the talents, creativity, hard work and dedication of our people to attract, maintain and expand the economic growth to North Abaco, Green Turtle Cay and Grand Cay,” he concluded.