Board of Directors of Invest TCI host first Annual General Meeting

Providenciales, Turks and Caicos Islands September 14^th, 2022 – The Board of Directors of Invest Turks and Caicos Agency (Invest TCI) hosted its first Annual General Meeting (AGM) on September 1^st, 2022, at 6:30pm at the Palms Resorts Messel Ballroom. The AGM provided a unique opportunity to engage government officials, heads of statutory bodies, partners, and other key stakeholders who were presented with a review of the Agency’s performance for the fiscal year 2021-2022.

The Meeting was called to order by the Chairman of Invest TCI, Alvin Hegner. The Chairman provided an overview of the Agency’s performance and past year’s highlights. The year’s accomplishments included completing the Agency’s strategic plan, initiating the digitizing of the Agency’s processes, reviewing of the Investment and MSME policies and improving the website. The Agency also focused on developing a more diverse pipeline of projects, enhancing the business climate reform, and prioritizing business support to local investors through the MSME Programme.

The CEO of Invest TCI, Angela Musgrove, was delighted to share with the attendees the completion of the Agency’s five-year strategic plan and the Agency’s plans going forward. The key focus of the strategic plan is strengthening the institutional capacity, developing MSME competitiveness, strengthening investment promotion and facilitation, and encouraging and facilitating increased domestic direct investment while advocating for an improved business environment.

The Agency also used the opportunity to recognize the staff of the Invest TCI team with five or more years of service to the Agency. Congratulations and appreciation are extended to Angela Musgrove – CEO, Trina Adams-Smith – Vice President of Marketing and Promotion, Alexa Cooper – Vice President-SME Development, Deborah Astwood – Corporate Service Manager, Hezron Henry – Marketing Support Officer, and Temeka Rigby – Administrative Officer.

The Chairman, Mr. Hegner, commented on the Agency, said, “On behalf of my fellow Directors, I thank the staff of Invest TCI for their ability to adapt, courage to change, and enthusiasm to facilitate inspiration to reality. We are thankful for ongoing support from the Premier and the Deputy Premier for their guidance, recommendations, and outlook support. I thank my fellow Directors for dedicating their time, their adaptability, and intellect to advancing the Agency. Together we all made excellent progress for our economy, and I am looking forward to another year of progress because we are a country of opportunities.”

Mrs. Musgrove, CEO of Invest TCI, stated, “I embrace this opportunity to thank each team member for their dedication and commitment to the Agency’s mandate. They have worked diligently with our stakeholders in a spirit of partnership, collaboration, and respect. I look forward to their continued commitment to the Agency’s progress as we move boldly towards not just completing our strategy but successfully implementing it and monitoring its impact on our economy. I am confident that we will be able to re-tool our team, reshape our image, reinforce our relevance, and as a country reap the rewards from the work of a successful and impactful Invest Turks and Caicos.”

Also in attendance at AGM was the Premier, Dr. Honorable Charles Washington Misick, who brought remarks on behalf of Honourable E. Jay Saunders, Minister for Finance Investment and Trade. Honourable Misick congratulated the team at Invest TCI for a job well done over the past year and for the Agency’s contribution to the economic development of the Turks and Caicos. The Honourable Premier stressed the importance of domestic investment and placing Turks and Caicos Islanders at the forefront of investment in the islands.

To review Invest TCI’s Annual Report and Strategic Plan, you may visit the Agency’s website at www.investturksandcaicos.tc

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About Invest Turks and Caicos

Invest Turks and Caicos is the Islands’ Investment Promotion Agency, responsible for enhancing the economy through the attraction, growth and retention of overseas investment; and supporting the growth of local businesses.

We provide a free and confidential service to overseas businesses looking to expand and will work with a company project team throughout the investment process, providing advice and support. This can include:

• Information on the local business climate;
• facilitating contact with relevant Government Departments throughout the investment process;
• advice on Government incentives and concessions to investors;
• introductions to local service providers/suppliers;
• advice on work permits and permanent residency procedures;
• ongoing support following set up.

We also work actively to support local businesses’ growth, including managing and delivering the Micro Small and Medium Enterprise programme, which provides concessions and relief to locally owned businesses.