GEDA seeks add'l economic projections - KUAM.com-KUAM News: On Air. Online. On Demand.

GEDA seeks add'l economic projections

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by Janjeera Hail

Guam - Ron McNinch appeared before the GEDA board this afternoon to complete his presentation on a report he conducted on the local economy.  However, the board wasn't completely satisfied. It's also asking McNinch to submit a follow-up action memo outlining what steps GEDA should take based on the results of the report.

He stated, "The GEDA board is committed to developing Guam's economy and we have a lot of pragmatic opportunities in the near future, and we have to balance that with appropriate government action and that's what this board is about."

Specifically, the report focused on economic planning and developing Huam's economy for the future.  McNinch was contracted more than two years ago to map out technical support for the development of new or improved policies in economic development initiatives, and make recommendations on projects related to fiscal recovery and economic issues.

McNinch was originally given a professional services agreement with the agency that was supposed to expire in 2008, the contract was eventually extended. The contract was for roughly $30,000.

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