The Invest Dominica Authority (IDA), participated in the recently held Investment Forum for members of the Dominican Diaspora. The conference, which was held on February 28, 2014 at the Fort Young Hotel, was held under the theme “Help here from there – Exploring local investment opportunities for overseas Dominicans”. A presentation entitled “Investment Opportunities for Overseas Dominicans was made by Mrs. Hermina Augustine, Senior Investment Promotion Officer at IDA.
The presentation highlighted the process of doing business in Dominica and also the main sectors available for investment which are tourism, ICT, call centers, agro processing, manufacturing and water export. The members of the Diaspora were informed of the policy initiatives established by Government which are the availability of funds for investment projects in local banks, establishment of the Approval Committee for approval of concessions and the approval of the returning residents manual and Diaspora policy to facilitate returning Dominicans. Also highlighted were the capital projects to enhance the business environment and the ongoing partnership with the Diaspora Office to ensure members of the Diaspora are an integral part of the development plan of Dominica.
IDA was also among several local companies with booths in the exhibition hall which showcased local projects and initiatives. The information shared at the conference and the networks established are very important to future investments in Dominica.
The Authority looks forward to partnering with the AID Bank in other investment events and to work together to increase investments from the Diaspora.
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