by Krystal Paco
Guam - It was back in January the Guam Regional Medical City submitted its application for a qualifying certificate but fast forward to today, the fate of their application has yet to be determined.
Guam Economic Development Authority administrator Henry Taitano tells KUAM the issue will be addressed at their meeting set for November 21.
"What's next is we'll put it through a credit review committee then a recommendation will be made on what action to take to our board, we anticipate it will be addressed at our November board meeting," he said.
If approved for the QC, GRMC could realize millions of dollars in tax breaks.
Despite opponents of the QC program and concerns raised by the Office of Public Accountability on whether or not the program truly benefits the island economically, Taitano says work must be done to fine tune program. Nonetheless, he contends it remains a powerful investment took in the competitive market.