by Mindy Aguon
Guam - Expanding their horizons to find potential investors
for Guam, the Guam Economic Development Authority is looking to open up an
investment office in Shanghai.
The GEDA board has approved the idea as agency officials said the office would
allow the agency to pursue economic initiatives and investment opportunities in
Shanghai.
GEDA intends to partner with the Guam Visitors Bureau that
currently has an office there.
GEDA business development manager Lester Carlson told KUAM
News, "With the board's approval, we would embark on a series of well
planned well researched trips either in conjunction with the governor's upcoming
trade missions, or in conjunction with GVB's promotional activities, or if
there is a very solid investment opportunity that warrants GEDA's presence to
further solidify and further research and come back to the board."
GEDA has set aside $70,000 for the initiative but the board
made it clear today that they want more information about the agency's plans to
build relationships and pursue investment opportunities.
