Guam - It was earlier this week when the Guam Economic Development Authority approved the qualifying certificate application for the Guam Regional Medical City. Once the Attorney General's Office reviews and approves the QC, it will then be forwarded to the Governor's Office for final consideration and action.
Governor's director of communications Troy Torres says there's reasonable likelihood that the governor will approve the QC. "Because if it means there's going to be more jobs for people, more investment coming into the island but most importantly more medical services for the people who are suffering to get those services on the island and be with their families then he is all for that," he said.
The QC will allow 75% income tax rebates for 20 years, 100% real property tax abatement for 10 years and 75% Corporate Dividend Tax Rebate for five years.