The Cayman Islands Investment Bureau is conducting a two-week survey of the Sister Islands to asses the investment climate and the roadblocks to economic development.
The survey, set to get under way today, is targeting all businesses operating in Cayman Brac and Little Cayman, said a GIS press release.
Results will be compiled into a report to help develop future policies on business development in the Sisters Islands.
‘An investment climate is the set of factors shaping opportunities and incentives for businesses to invest productively, create jobs and expand,’ said CIIB Executive Director Dax Basdeo. ‘It is essential that we understand which factors will hinder future investment and which will encourage future growth in order to ensure that economic development can occur within the Sister Islands.’
The Sister Islands Investment Climate Survey follows the recent Sustainable Living Forum held in the Brac.
‘The survey explores several issues related to presentations at that forum and seeks to expand the input we received,’ explained Mr. Basdeo.
‘We have already contacted roughly 80 businesses in Cayman Brac and Little Cayman, doing preparatory work for the survey. I would like to encourage any business that has not been contacted already to contact the Investment Bureau. It is important that we obtain a complete picture of the issues being faced by all businesses in the Sister Islands to further inform the Bureau’s ongoing initiatives.’
FYI
Businesses in the Sister Islands are asked to check their post boxes for their surveys this week. Any business that does not receive a survey by 17 February should contact Mr. Dwene Ebanks at 244-2202 or [email protected].
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