Guam - As part of its mission to develop a sound and sustainable economy through programs that preserve and promote local culture, the Guam Economic Authority has approved a supplemental budget for the 'Buy Local' movement. According to GEDA administrator Karl Pangelinan, the movement has created a lot of momentum lately and caught a lot of buzz from the local community.
He told KUAM News, "And really, what we're going to ask for is to put the GEDA campaign just through the end of the fiscal year. We're only asking for $20,000. How we anticipate using it is going to because we're still in the educational process; it's going to be geared towards marketing and getting the word out."
In addition to approving the supplemental budget, the board also approved requests for proposals regarding a $12 million loan for the Guam International Airport for its energy savings retrofitting and for arbitrage rebate compliance services for the Government of Guam's Business Privilege Tax Limited Obligation Bond.