Invest TCI Promotes Investment Opportunities at NABHOOD 27th Annual Summit

Providenciales, Turks and Caicos Islands, July 25, 2023 – Invest Turks and Caicos Agency (Invest TCI) was honoured to participate in the prestigious 27th Annual International African American Hotel Ownership & Investment Summit & Trade Show (NABHOOD), held from July 19th to July 21st at the Miami Marriott Biscayne Bay Hotel in Miami, FL. NABHOOD stands out as a leading advocate for minority ownership and development within the hotel and hospitality industry, presenting valuable insights into various opportunities available in the lodging sector, including hotel ownership, branding, and investments.

Having actively attended this event in previous years and proudly served as a sponsor over the past four years, Invest TCI garnered increased exposure and recognition for the organization. This year, the Agency’s Investment Services Executive, Salik Garland, represented Invest TCI at the conference.

Salik Garland shared his thoughts on the conference, stating, “Our participation in NABHOOD this year has been exceedingly positive and impactful. The conference provided us with invaluable opportunities to expand our network and establish vital industry contacts within the hospitality and investment sectors. I had the privilege of participating in a panel discussion alongside senior officials from Belize, Anguilla, and the Bahamas, focusing on the Caribbean as a compelling investment market and highlighting the region’s resilience in attracting hospitality investments. During this platform, I made sure to promote the promising investment prospects in the Turks and Caicos Islands, particularly emphasizing opportunities in the family islands.”

Mr. Garland further expressed, “Overall, my experience at the conference has been a resounding success. I eagerly anticipate our future participation in similar conferences, as they allow us to network effectively and continue promoting investment opportunities in TCI.”

Commenting on Invest TCI’s participation in the conference CEO, Angela Musgrove, stated, “As we continue to strengthen our industry contacts and relationships, we envision the impact of this networking and learning experience will be felt as we continue to chart a path for increased local ownership and development within the hotel and hospitality industry in the Turks and Caicos Islands”.

The Invest TCI team was thrilled to reconnect with industry acquaintances and engaged in fruitful discussions with numerous hotel operators keen on establishing their businesses in the beautiful Turks and Caicos Islands.

NABHOOD serves as an important platform for fostering the engagement of ethnic minorities in hotel and real estate development. As Invest TCI strives to create a conducive environment for the domestic entrepreneurial base to capitalize on opportunities within this sector, the connections established with like-minded individuals at this conference further strengthen the resource base for the Agency.

For more information on upcoming events and initiatives, interested parties can visit Invest TCI’s website at 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.