The Department of Commerce and Investment is inviting local and foreign investors in the Cayman Islands to compete in the Regional Investor of the Year awards.
Entry deadline is 11 p.m., Oct. 31.
The award is an initiative of the Caribbean Association of Investment Promotion Agencies and its secretariat, the Caribbean Export Development Agency (Caribbean Export). It aims to recognize and promote the contribution of foreign and local investors to the Caribbean economy, said DCI Director Ryan Rajkumarsingh.
This year the Regional Investor of the Year awards are focusing on the green economy and efforts to protect the region’s environment. The awards seek to promote investments in initiatives that employ environmentally friendly and sustainable business practices.
“Foreign and local investor applicants must demonstrate that they have made significant contributions through changes in processes, practices, and structures to moderate potential damages to our ecosystem, or to benefit from opportunities associated with the green economy,” according to the organizers.
There will be a total of four awards, including Local Investor of the Year, which will be given to an investor of Caribbean birth, and Foreign Investor of the Year, which will be awarded to a non-Caribbean national.
Female investors are invited to enter the special award category. Applicants in this category do not have to be investors in a green initiative, but they must demonstrate the significant effect their investment has had on the region’s socioeconomic development.
The fourth award, for Regional Investor of the Year, will be selected from among the three category winners.
Category runners-up will be announced on Nov. 7, and the winners will be announced during CAIPA’s Annual General Assembly on Nov. 18.
This is the second year that the awards have been held, Mr. Rajkumarsingh said. Last year, Cayman Enterprise City received the Special Award for 2013.
Application forms and additional information on the awards can be found at www.caipainvest.org and www.carib-export.com. In Cayman, individuals or firms should submit their applications to the Department of Commerce and Investment, at [email protected], for pre-selection.