Auto maker assessing Freeport as supply hub

Thu, Apr 1st 2010, 12:00 AM

FREEPORT, Grand Bahama - The Grand Bahama Chamber of Commerce's president yesterday told Tribune Business that he had met "with some fairly major companies" during a one-week business promotion tour in Atlanta and Boston, encouraging a leading car manufacturer to use the Freeport Container Port as a distribution hub/supply channel into Latin America.

K. P. Turnquest said logistics and transportation, along with captive insurance, were other sectors targeted because of their potential to grow the Grand Bahama/Freeport and wider Bahamian economies.

With the initial contacts having been made, he said it was now up to the Chamber and others to "follow up and entice" the companies they had met with to visit Grand Bahama for themselves, so they could see the attraction of doing business provided by its infrastructure and beneficial tax/investment regime.

"I've come back from a week's promotional sweep through Atlanta and Boston," Mr Turnquest told Tribune Business. "I don't know yet whether it will result in anything tangible, but we got a very favorable response. There was a lot of interest, particularly in the area of transport and logistics.

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