Guam - The Guam Economic Development Authority will hold its first meeting of the year tomorrow afternoon. Although no new updates will be provided on the Series "B" bond, administrator Karl Pangelinan says he plans to ask the board to approve a supplemental budget to support the "Buy Local" campaign.
He estimates around $20,000 will be needed for an advertising effort. GEDA would provide a merchant perspective working along the University of Guam and Guam Chamber of Commerce for the campaign. The board meanwhile will also discuss some internal housekeeping along with discussions on a request for proposal for a $12 million airport loan for its energy savings retrofitting.
The meeting is set for Friday at 1:30 in the afternoon at the GEDA boardroom in the ITC Building.