17th Abaco Business Outlook set for October 14 ewnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ewnews.com Daily Mail and Mail on Sunday newspapers.
COMING EVENTUALLY: Abaco designated shelter won't be completed before year's end – Eye Witness News ewnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ewnews.com Daily Mail and Mail on Sunday newspapers.
We are still very much in the reconstruction phase and trying to bring back Abaco to its original glory, Grant said. Dorian was the biggest storm to ever hit the Bahamas, but the island was dealt another blow just as the recovery began COVID-19. Once the pandemic began, the groups that were helping rebuild left the islands and recovery came to a halt. All the NGOs that were here, all the aid groups that were here had to leave, said Ken Hutton of the Abaco Chamber of Commerce. So a lot of that help and reconstruction and rebuilding stopped dead in the water.
nhartnell@tribunemedia.net Grand Bahama and Abaco businesses yesterday hailed the extension of key Hurricane Dorian-related tax breaks for another six months as a good present for Christmas . Greg La Roda, the Grand Bahama Chamber of Commerce s president, told Tribune Business that confirmation of the extension to end-June 2021 by newly-appointed minister of state for finance, Senator Kwasi Thompson, was a big relief to businesses and consumers on Grand Bahama . Disclosing that uncertainty over the extension, and whether the mixture of VAT, import tariff and other tax breaks would continue beyond year-end, had been preying on the minds of merchants and the general public, he added that their continuation would help to make the Bahamian private sector more price competitive with foreign rivals and encourage locals to stay shopping at home.
Nassau, The Bahamas – Senator J. Kwasi Thompson, Minister of State for Finance, said the Government has made a decision to extend a number of tax concessions under the Disaster Reconstruction Authority (Special Economic Recovery Zone) (Relief) Order, 2020 to June 2021. During his Statement on the Extension of the Disaster Reconstruction Authority (Special Economic Recovery Zone) (Relief) (No.2) Order, 2020 in the Senate on Wednesday, December 9, 2020, Sen. Thompson said Grand Bahama and the Abacos were designated as Special Economic Recovery Zones (or SERZ) immediately following the catastrophic impact of Hurricane Dorian. “The tax relief measures administered by the Ministry of Finance and its agencies under the SERZ have provided vital support to the local communities ever since the islands where devastated. Many of the provisions were set to expire on December 31, 2020.