This issue of the Journal features businesses who are taking advantage of opportunities in our region to develop and maintain products and services that are new to the islands.
What they have done is taken our situation as we recover from COVID-19’s effects on the economy and decided what they can do, rather than what they can’t.
The investments we write about are significant and require a great deal of faith in the potential in our region.
The belief that tourism will and must return — as well as the military presence that will grow — offer opportunities in all sorts of ways.
We thank those businesses that have reached out and allowed us to share their stories with you.
We’ll continue to welcome your outreach and look forward to covering not only new business endeavors but special events.
It is also encouraging to hear that the team at the Guam Economic Development Authority is doing its part to bring investment projects to fruition.
GEDA is encouraging businesses to apply for Qualifying Certificates. While approval is not a given, we believe that the attitude of the authority — and its board — is highly appropriate.
And opportunities are there for small businesses that meet the criteria of the QCs. Similarly — by commissioning a study of 3D potential, GEDA has also taken advantage of a group willing to also view our region as a market ripe for growth.
Small businesses continue to be the most challenged in our region, particularly those in the tourism market and in service industries, but new businesses bring the opportunity for new relationships.
Certain challenges affect all businesses — the labor shortages, rising costs, and a supply chain that requires agile management of everything from food to equipment as well as spare parts.
Those issues are geo-political and will continue to plague our markets.
Still, while the support of governments and legislatures will be essential in 2023, it’s good to see that time does not stand still, and our businesses are moving forward. mbj
What they have done is taken our situation as we recover from COVID-19’s effects on the economy and decided what they can do, rather than what they can’t.
The investments we write about are significant and require a great deal of faith in the potential in our region.
The belief that tourism will and must return — as well as the military presence that will grow — offer opportunities in all sorts of ways.
We thank those businesses that have reached out and allowed us to share their stories with you.
We’ll continue to welcome your outreach and look forward to covering not only new business endeavors but special events.
It is also encouraging to hear that the team at the Guam Economic Development Authority is doing its part to bring investment projects to fruition.
GEDA is encouraging businesses to apply for Qualifying Certificates. While approval is not a given, we believe that the attitude of the authority — and its board — is highly appropriate.
And opportunities are there for small businesses that meet the criteria of the QCs. Similarly — by commissioning a study of 3D potential, GEDA has also taken advantage of a group willing to also view our region as a market ripe for growth.
Small businesses continue to be the most challenged in our region, particularly those in the tourism market and in service industries, but new businesses bring the opportunity for new relationships.
Certain challenges affect all businesses — the labor shortages, rising costs, and a supply chain that requires agile management of everything from food to equipment as well as spare parts.
Those issues are geo-political and will continue to plague our markets.
Still, while the support of governments and legislatures will be essential in 2023, it’s good to see that time does not stand still, and our businesses are moving forward. mbj