Business & Investment - Why Invest in Grenada?

Quality of Life:

Grenada has one of the most pristine physical environments in the Caribbean and offers investors, tourists, migrant workers and overseas students a high quality of life, low crime, and a relatively unspoilt natural environment. The physical beauty of the country is complemented by its rich history, and vibrant living cultural heritage. Residents are famous for their friendly and hospitable nature. Q

Stable Economy

Highly Diversified economy • GDP (2018) – US $1.2 Billion • Per Capita Income (2018) - US $10,632 • Total Exports (2017) – US $24.9 Million • Total Imports (2017) – US $420.3 Million

Labour Relatively young English speaking workforce and high levels of adult literacy (96%)

Trade & Investment Opportunities

TARGET NICHES/SECTORS • Tourism & Hospitality – Boutique Hotels, Yachting, Eco Tourism, Restaurants, Diving and Water Sports. • Health and Wellness – Day Spas, Natural Preparations, Assisted Living Facilities, Treatment/Rehabilitation Centers. • ICT – Call Centers/Business process outsourcing; Medical Billing and Coding, Software Development, Mobile Device Applications, Animation. • Agri-business – Organic Farming, Herb and Spice Production, GAP Farming, Food products for Wellness Services, Value Added Processing. • Alternative Energy – Geothermal, Solar, Wind, Hydro.

Infrastructure

Electricity prices compare favorably to the regional average. The cost of broadband services for businesses has been falling. Tax rates on labour are low by regional and world standards. Minimum wage is competitive with other countries in the region. The Maurice Bishop International Airport (MBIA) is the main airport. The runways have a length of 2745 meters and 45 meters wide, with an elevation of 12 meters situated within reference point. A small airport Lauriston Airport is located in Carriacou. The Grenada Cruise Ship terminal was constructed in 2003 and is equipped to handle simultaneously four (4) small cruise ships or two (2) mega ships and one (1) medium size. The jetty is 375 meters with the North Berth of a depth of 9.8 metres and the South 10.5 metres. Public transportation is available from 6:00 am to 8:00 pm. Taxi services and vehicle rental agencies are also available. The country has a 1,040-kilometre road web. Approximately 60 percent are paved.

A Global Market

Grenada is one of the most open economies in the world. The country’s relative underdevelopment offers a wide range of opportunities that are not available in competitor countries. A vast range of sites are still available for the development of hotels and tourist facilities. In addition, Grenada can provide one of the most diversified tourism offerings in the Caribbean with untapped natural resources: rain forests, lakes, waterfalls, white sand beaches, exotic underwater life, flora and fauna.

Content provided by: Grenada Investment Development Corporation (GIDC). GIDC is the investment promotion agency of the Government of Grenada. Relevant information on business and investing in Grenada is available on our website www.investgrenada.biz.