Jerome Gomez on foreign investment in restaurant, entertainment sector

Wed, May 11th 2011, 03:08 AM

Fund Administrator for the Bahamas Entrepreneurial Venture Fund Jerome Gomez expressed his thoughts on the elimination of restrictions on foreign investment in the Bahamian restaurant and entertainment industry during a luncheon held yesterday.
“I am personally calling for the immediate reversal of this new policy because it wil impact the little or small man negatively in the long run, and represents giving away a key sector of the Bahamian economy previously reserved for Bahamians to foreigners in an industry that does not require special, scarce or unique skills and resources.
“I see no good coming out of this policy change.
“From this enunciation to now, I, as have m ...

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