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Guam leaders aim to stimulate investment with island’s first Economic Symposium

TUMON, Guam - The Guam Economic Development Authority (GEDA) and the Guam Visitors Bureau (GVB) along with other private and public partners are predicting unprecedented growth for Guam.

Guam leaders aim to stimulate investment with island’s first Economic Symposium

TUMON, Guam – The Guam Economic Development Authority (GEDA) and the Guam Visitors Bureau (GVB) along with other private and public partners are predicting unprecedented growth for Guam. Investors from throughout Asia and the US have been invited to Guam from October 22 to October 24, 2014 to discuss and explore how to participate and capitalize on the potential that Guam offers. The economic symposium “Invest Guam – The Time is Now” will be held at the Hyatt Regency Guam.

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Governor of Guam Eddie Baza Calvo commented on the importance of the symposium stating, “Guam’s economy is at a crucial growth period that will present a wealth of opportunities and lay a solid foundation for the island’s steady, continuous, and sustained economic growth.”

This world-class conference will explore in detail three areas of the economy that are poised to grow: the Visitor industry, Utilities & Infrastructure, and the Defense industry. Altogether it is estimated these three sectors will add an additional US$12 to $15 billion in investment and income over the next 7 to 10 years in Guam. Experts from the tourism, finance, defense and development sectors will provide facts and discuss contracting opportunities and development plans for the island.

EJ Calvo, Chairman of GEDA stated, “Guam is currently at the cusp of the largest sustained period of economic growth in the island’s history. This upcoming conference will not only look at how the island can continue to develop, but also what that growth means for Guam in relation to Asia, America, and the rest of the world.”

Joshua Cooper Ramo is slated to be the symposium’s keynote speaker. A former senior editor of Time magazine (and the youngest in the magazine’s history), Mr. Ramo is Vice Chairman of Kissinger Associates and author of “The Age of the Unthinkable: Why the New World Disorder Constantly Surprises Us and What We Can Do About It.” Mr. Ramo will be speaking on Guam’s role as a portal for commerce between America and Asia. Other topics that will be addressed at the conference include Guam’s Strategic Plan for Visitor Industry Growth, The Potential of Real Estate Investment on Guam, The Role of the Commercial Port in Guam’s Economy, the US National Defense Posture in the Asia Pacific Region, and many more topics relevant to Guam’s economic growth and development.

Karl Pangelinan, General Manager of GVB said, “We are pleased to partner with GEDA to make this symposium a success. We need to attract investors to build hotel rooms and attractions to support the growth that is expected.” Over 400 investors and policy makers have been invited and are expected to attend. Mana Silva Taijeron, GEDA Acting Administrator said, “Conference registrations are selling fast. It is important that those who are interested register now so they don’t miss this opportunity.”

For more information and to register for the conference, visit http://www.investguam.com/now.

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