Investment council launched

Some of Cayman’s leading businesses and associations have formed the Cayman Islands Investment Council in response to the economic crisis to help market and promote local Cayman business.

‘What makes the newly formed Cayman Islands Investment Council (CIIC) unique among the various Cayman associations is that it includes representation from virtually every industry in the Cayman Islands and its goals transcend individual industry goals’ said Tony Catalanotto of the Cayman Islands Real Estate Brokers Association.

He added: ‘The tiered membership structure encourages participation from all businesses and sectors. Some of our objectives include encouraging inward investment to the Cayman islands, the development of local business, increased investment across all industries and increased tourist arrivals.’

The investment council has been in the planning stages for many months and includes the Cayman Islands Tourism Association, the Cayman Islands Financial Services Association, the Chamber of Commerce, the Cayman Islands Real Estate Brokers Association and private organisations including the Dart group of companies.

According to a press release, the investment council will act as a national marketing agency that promotes the country, manages its reputation and conveys a message to the world that the Cayman Islands is an attractive jurisdiction for business investment.

To achieve this, it plans to implement a strategic marketing and public relations campaign.

Eduardo D’ Angelo P. Silva of CIFSA said the ultimate business goals of the Council was to drive growth for local businesses and therefore increase investment in the Cayman Islands.

The release said that the investment council was committed to working alongside other organisations and committees, in the private and public sectors, to achieve their goals and avoid any duplication of efforts.

Steve Broadbent, President of the Cayman Islands Tourism Association said the association ‘supports inward investment to the Cayman Islands, providing that such initiatives promote sustainable development and in a manner consistent with the needs of the tourism industry and values of our association and members.’

‘Dart is honoured to be invited to join prominent industry leaders on the Investment Council’ said Mark VanDevelde, CEO of Dart Enterprises.

‘This type of private sector collaboration is essential, both in the short term and as a sustained effort over the long term, to demonstrate our continued confidence in our Caymanian economy’ he added.

Organisations or businesses that wish to receive further information on the Investment Council or enquire about membership should contact Mr. Tony Catalanotto at 926-7368 or by email at [email protected]