{"id":729,"date":"2025-02-24T21:23:02","date_gmt":"2025-02-24T21:23:02","guid":{"rendered":"https:\/\/chile.panorama.uk.com\/?page_id=729"},"modified":"2025-02-24T21:36:02","modified_gmt":"2025-02-24T21:36:02","slug":"progress-is-the-priority","status":"publish","type":"page","link":"https:\/\/chile.panorama.uk.com\/es\/progress-is-the-priority\/","title":{"rendered":"Progress is the priority"},"content":{"rendered":"
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Progress is the priority<\/span><\/h1>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\t\t<\/div> \n\t<\/div> \t
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Tobago is focused on attracting sustainable investments<\/span><\/h6>\n\n\t\t<\/div> \n\t<\/div> \t
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Secretary of Finance, Trade and the Economy Petal-Ann Roberts<\/a> is on a mission. \u201cTobago needs advanced development, and progress is my top priority. It\u2019s essential that we keep pace with global development, while preserving what makes Tobago unique,\u201d she asserts. \u00a0<\/span>The experienced chartered accountant is responsible for the disbursal of funds received by Tobago from the country\u2019s central government, which allocated the island about $382 million in its 2025 budget. \u201cThis fiscal year, we\u2019re focusing on strategic selectivity, directing our resources to high-impact areas that benefit the Tobago economy,\u201d Roberts reveals.\u00a0<\/span><\/p>\n

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\u201cAnother key focus is encouraging entrepreneurship, which is central to my division\u2019s mission. We support micro, small and medium-sized enterprises through a business development unit that provides both financial and technical assistance.\u201d That help includes a grant scheme and a loan program for targeted economic sectors. \u201cThese initiatives are crucial to stimulating growth and supporting Tobago\u2019s small businesses,\u201d she states.<\/p>\n

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Making it easy to invest<\/b><\/h5>\n

The Tobago House of Assembly is also fostering economic development by attracting more foreign direct investment to the island. For instance, there are some major tourism projects on the horizon. As an illustration, a $74 million Marriott-branded hotel and real estate development, and a 500-room resort initiative that will be managed by a subsidiary of Hyatt Hotels Corporation, are both awaiting environmental approval before works can start.\u00a0<\/span><\/p>\n

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In addition, the state-owned Magdalena Grand Beach and Golf Resort will soon be put up for sale or lease. This enviable property includes luxury suites and villas, an 18-hole championship golf course and 2.5 miles of coastline. The country is also planning to invite proposals for a new 5-star resort on its Buccoo Estate and for developing a yachting marina in Lowlands. Roberts says: \u201cTobago is open for business, especially in tourism, health, education and agriculture, with tourism being our top sector. We\u2019re diversifying beyond the traditional sun, sea and sand model to include health and sports tourism, for example, offering more reasons to visit Tobago.\u201d According to Tobago\u2019s Foreign Direct Investment Unit, other sectors ripe for investment include infrastructure, renewable energy, creative industries, digital technologies, agribusiness and manufacturing.\u00a0<\/span><\/p>\n

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Entities choosing to invest in the island benefit from attractive financial incentives that are overseen by the country\u2019s government. \u201cWhile we would like to offer further incentives like tax breaks, our legislative framework limits us, as those decisions are controlled by the central government,\u201d she notes. \u00a0<\/span>However, what Tobago\u2019s administration can and does do is make it easy to invest. \u201cWe\u2019ve set up a department to assist investors with statutory approvals and provide a one-stop shop for information,\u201d Roberts states. \u00a0<\/span>\u201cAdditionally, we\u2019re exploring options such as using land as equity for investors, and we\u2019ve established a Department of Environment, Climate Change and Energy to ensure that all infrastructure and development projects align with our commitment to keeping Tobago clean, green, safe and serene. This strategic placement helps integrate environmental considerations into all major decisions.\u201d<\/p>\n

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When asked to give an overriding message to the international investment community about Tobago, Roberts replies: \u201cI want our diaspora and potential investors, especially in places like Miami, to know that we\u2019re focused on digitization, health, tourism and sustainable development. I welcome all who are interested in our growth.\u201d<\/p>\n\n\t\t<\/div> \n\t<\/div> \t

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<\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"Progress is the priority Tobago is focused on attracting sustainable investments Secretary of Finance, Trade and the Economy Petal-Ann Roberts is on a mission. \u201cTobago needs advanced development, and progress is my top priority. It\u2019s essential that we keep pace with global development, while preserving...","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-729","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/chile.panorama.uk.com\/es\/wp-json\/wp\/v2\/pages\/729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chile.panorama.uk.com\/es\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/chile.panorama.uk.com\/es\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/chile.panorama.uk.com\/es\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/chile.panorama.uk.com\/es\/wp-json\/wp\/v2\/comments?post=729"}],"version-history":[{"count":10,"href":"https:\/\/chile.panorama.uk.com\/es\/wp-json\/wp\/v2\/pages\/729\/revisions"}],"predecessor-version":[{"id":743,"href":"https:\/\/chile.panorama.uk.com\/es\/wp-json\/wp\/v2\/pages\/729\/revisions\/743"}],"wp:attachment":[{"href":"https:\/\/chile.panorama.uk.com\/es\/wp-json\/wp\/v2\/media?parent=729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}