Invest Turks and Caicos launches ‘Shovel-Ready’ Initiative to Fast-Track Investments
Providenciales, Turks and Caicos Islands, October 18th, 2017 – Invest Turks and Caicos (Invest TCI), the principal investment promotion agency for the islands has launched its “Shovel-Ready” initiative with the aim of attracting more local and foreign investment into the economy.
The ‘Shovel-Ready’ initiative is being developed as part of the Agency’s efforts to pre-package a number of investment opportunities that will streamline and expedite the process of investment in The Turks and Caicos Islands.
Invest Turks and Caicos is inviting persons to showcase their shovel-ready projects which will be featured in Invest TCI’s Investment Opportunities Catalogues at regional and international conferences, roadshows and industry events. The projects will be presented to an audience of international buyers, sellers, lucrative investors and industry professionals with an opportunity of attracting investors and fast tracking and progressing the projects. The initiative is targeted towards local and foreign investors.
Angela Musgrove, Acting CEO for Invest TCI stated, “We are confident that this initiative will add momentum to the flow of investment into The Turks and Caicos Islands. Our goal is to gather all shovel-ready projects that are seeking financing and assist in matching projects to interested investors. Once an investor expresses interest in a project that is pre-designed and permitted, there should be a quicker turnaround time for the project to move through the phases of development.”
To be deemed shovel-ready, Invest TCI has provided a list of criteria which can be found on the Agency’s website at www.investturksandcaicos.tc or social media pages @investtci. For more information on this initiative, please contact Invest TCI on 338 4772 or via email at email@example.com.
About Invest Turks and Caicos
Invest Turks and Caicos is the Islands’ Investment Promotion Agency, responsible for enhancing the economy through the attraction, growth and retention of overseas investment; and supporting the growth of local businesses.
We provide a free and confidential service to overseas businesses looking to expand and will work with a company project team throughout the investment process, providing advice and support. This can include:
- Information on the local business climate;
- facilitating contact with relevant Government Departments throughout the investment process;
- advice on Government incentives and concessions to investors;
- introductions to local service providers/suppliers;
- advice on work permits and permanent residency procedures;
- ongoing support following set up.
We also work actively to support the growth of local businesses, including the management and delivery of the Micro Small and Medium Enterprise programme which provides concessions and reliefs to locally owned businesses.