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Cayman Progressives: A STRONG ECONOMY TO HELP FAMILIES & BUSINESSES

From The Progressives Manifesto 2017

Over the last four years we worked diligently to return the country to a secure, sound financial position and create an environment for economic growth. We did so by protecting and promoting our Financial Services Industry, growing our tourist industry, supporting private sector development, improving infrastructure, and carefully managing our finances. We also helped Caymanians start more than 1,000 new small businesses during our term.

This has resulted in a growing economy with renewed investor confidence and the continuing expansion of large and small businesses. The immediate benefit has been more economic opportunities and more jobs for Caymanians.

A new Progressives government will continue proven strategies for growth. We cannot afford to gamble with the gains we have made this past 4 years. We will especially focus on those districts needing more economic growth, such as the Eastern districts of Grand Cayman as well as Cayman Brac, and on development that will bring jobs for Caymanians.

But more needs to be done to help small and micro businesses succeed. Too often Government red tape and bureaucracy stifles small business rather than supporting the entrepreneurial spirit.

So the next Progressive Government will abolish 25% of the regulations that hinder small businesses within the first 18 months of its term.

Over the last four years we worked diligently to return the country to a secure, sound financial position and create an environment for economic growth. We did so by protecting and promoting our Financial Services Industry, growing our tourist industry, supporting private sector development, improving infrastructure, and carefully managing our finances. We also helped Caymanians start more than 1,000 new small businesses during our term.

This has resulted in a growing economy with renewed investor confidence and the continuing expansion of large and small businesses. The immediate benefit has been more economic opportunities and more jobs for Caymanians.

A new Progressives government will continue proven strategies for growth. We cannot afford to gamble with the gains we have made this past 4 years. We will especially focus on those districts needing more economic growth, such as the Eastern districts of Grand Cayman as well as Cayman Brac, and on development that will bring jobs for Caymanians.

But more needs to be done to help small and micro businesses succeed. Too often Government red tape and bureaucracy stifles small business rather than supporting the entrepreneurial spirit.
So the next Progressive Government will abolish 25% of the regulations that hinder small businesses within the first 18 months of its term.

• Complete the George Town Revitalisation project. This will create economic benefits to businesses and communities in the capital as well as enhance our tourist product.
• Complete the infrastructure projects important to tourism & business:
• The Owen Roberts International Airport redevelopment is under way and when done will create new jobs in all facets of the airport, including within the new stores inside and outside the airport.

• Enhance the cruise visitor’s experience with a modern cruise pier to enable easier and safer disembarking and embarking of passengers. This will also allow ships to stay longer and cruise tourists to spend more time onshore buying from merchants, restaurants, and taxi and tour operators. PWC’s project review has indicated an expected $156 million in positive economic impact and creation of 500 jobs during the 3 years the facility will take to be built.
• Complete a larger modern cargo port that will allow larger container ships to enter and offload goods at reduced shipping costs.
• Continue to support the growth in the new market sectors such as Health Tourism, the Maritime Park, and green energy. Diversifying the economy creates more jobs and opportunities for Caymanians.

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