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Freeport

Freeport, Grand Bahama Island

For Business and Beauty of Life

The infrastructure of a developed business centre. The ease of international accessibility. Luxury residential choice, amenities and services for exceptional quality of life. Nowhere in the region will one find greater fulfillment of these needs than in Freeport, Grand Bahama Island.

Look beyond the beaches and natural beauty of The Bahamas, and you will find that Freeport is an extraordinary centre for business and private investment. It is also an exceptional place in which to live.
In less than 50 years, Freeport has successfully achieved the strategic development and balanced growth of a vibrant business and residential community. Freeport provides the business, investment and commercial activity of a modern, well-planned city. Complemented by the luxury residential communities and abundant leisure choices of Lucaya and surrounding areas, it is easy to see why Freeport is the first choice of international companies requiring a presence in the region.

Fast Facts

Climate

The sun shines on Grand Bahama Island an average of 300 days a year. Our location just off Florida's East coast ensures warm waters throughout the winter months and an offshore, southeasterly breeze to moderate our summer temperature to a comfortable average of 83°F or 28°C. Winter temperatures average 70°F or 21°C.

Currency

The Bahamian dollar is pegged directly to the U.S. dollar at 1:1, and may be used interchangeably throughout The Bahamas for the purchase of goods and services.

Cost of Living

As Grand Bahama Island imports 90 percent of all consumer goods directly from the United States, The cost of living reflects the cost of transportation in the locally derived Consumer Price Index.

Population

Grand Bahama Island is home to more than 55,000 people of which 74% live in the general Freeport/Lucaya area. Eighty eight percent of the population is Bahamian while 12% is expatriate.

Freeport...The Strategic Choice

Freeport continues to grow by creating new opportunities every day. We have established strong foundations to support growth and to sustain opportunity: financial incentives, dynamic development, world-class infrastructure, and accessibility. We provide the resources and advantages of an international business centre, which makes Freeport the choice strategic location for investment.

Nowhere in the region, will you find a better centre for business, with luxury communities, state of the art telecommunications capabilities or a comparable quality of life. In Freeport, development is the mandate of a private corporation. The Grand Bahama Port Authority understands and delivers to your needs. From preliminary fact-finding through grant of final licenses, direct access and one-stop decisions support the schedule your investment demands. This is why so many companies choose Freeport, Grand Bahama.

The Bahamas-250 Years of Democracy

The Bahamas, a member of the British Commonwealth, is an archipelago of more than 700 islands and cays located 68 miles off the coast of Florida. The diversity of the islands and continued economic and political stability are the reasons why so many international companies call The Bahamas home.

The English-speaking population of 310,000 is located primarily on the two most populous islands - Grand Bahama Island (where Freeport is located) and New Providence (where the country's capital, Nassau, is located). With an exceptional adult literacy rate of 95% and one of the highest average per capita incomes in the region, The Bahamas enjoys a stable parliamentary democracy - a tradition of more than two-and-a-half centuries.

Geographic Location

Grand Bahama Island's strategic location just 68 miles east of Palm Beach, Florida and on the major EW - NS shipping routes, has positioned it for tremendous growth as an ideal centre for international business. Consequently, a growing number of international companies use Freeport as its site for business.

ABOUT GBPA


The Hawksbill Creek Agreement (HCA) gave GBPA responsibility for the development, administration and management, and provision of services within an area called the 'Port Area' (230 sq. miles). GBPA was mandated by this Agreement to build a deep water harbour, an industrial community and required infrastructure for the City.

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PRESIDENT'S MESSAGE


GBPA has achieved an astonishing amount since its inception in 1955.  When first created it was a Grand Bahamian business conglomerate charged not only with land and commercial development but also with all the regulatory and administrative functions of the Freeport/Lucaya.

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THE WAY FORWARD


Firstly, I wish to thank Joan Albury and the Counsellors for this platform enabling us to share with the Grand Bahama community, the outlook for our island! 2015 marks the 60th year of the birth of Freeport and the Hawksbill Creek Agreement; 60 years of a partnership between The Government of The Bahamas and The Grand Bahama Port Authority. I'm here to raise hopes for 2015 and to lay a few popular myths to rest - For those who don't know me, I am Sarah St George.

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