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Bahamas Central Bank to create savings bonds for small investors – Magnetic Media & More Trending News

By Lededra Marche

BIS

#Freeport, The Bahamas, December 2, 2022 – Minister for Grand Bahama, the Hon. Ginger Moxey mentioned AML Foods Solomon’s Downtown grand opening in Grand Bahama on Thursday, December 1, 2022 is an enormous deal and epitomizes the reawakening of the downtown district.

“Ladies and gentlemen, this is a big deal for Grand Bahama Island and for Pineridge.  It is a big deal because we all recognize that the relocation of Solomon’s to the downtown area will have a tremendous impact on businesses in downtown and surrounding areas,” she mentioned.

Minister Moxey was bringing remarks on the Grand opening and ribbon chopping ceremony of AML Foods Limited’s 20,000-square foot downtown location within the newly named Winn Building.

“We all know that this is not an opening.  What it really signifies is the long-awaited rebirth of Downtown,” Minister Moxey mentioned.  “This second brings downtown alive, as I’ve outlined in my 10-point agenda for Pineridge, as a result of I’m certain a lot of by now that that is Pineridge.

“This food store has been and still is the lifeline for downtown.”

Minister Moxey, who can be the Member of Parliament for Pineridge, identified that the constructing, which housed the previous Winn Dixie Food Store, is the nice connector because the nucleus of the island’s commerce centre and catalyst for the revitalization of downtown Freeport.

“It connects nearby communities who were accustomed to walking to the grocery store.  It connects those from east end to west end who hopped on the bus, did their shopping and returned home.  It was the engine for commerce in this area, and I dare say, it fed the transportation system; the buses, the taxis and the surrounding shops,” she mentioned.

“The residents in Grand Bahama have been long awaiting this day.  We have been counting down the months, days, hours and minutes to this wonderful grand opening.”

Exactly 4 weeks in the past, Minister Moxey was at that very same venue to attend the renaming ceremony of the downtown constructing by the Milo B. Butler and Sons Investment Limited Company, following the transformation of the 32,000 square-foot constructing to the retail and workplace house.

The Minister for Grand Bahama declared that with the Solomon’s Downtown opening and the initiatives on the desk, Grand Bahama is again and he or she counseled AML Foods Limited for their devotion to the island and the folks of Grand Bahama.

AML Foods Chairman Franklyn Butler thanked Minister Moxey, the executives of the Grand Bahama Port Authority, the Board of AML Foods and the Butler Family for serving to to make the imaginative and prescient a actuality.New Solomons 2

Having been in Grand Bahama for the final 25 years, Butler mentioned there isn’t a query that AML Foods is dedicated to the folks of Freeport for the following 25 years and past.

In 2021, AML renovated its Solomon’s Lucaya to the tune of $1million and have earmarked $500,000 in funding for Cost Right Freeport in 2023.

Additionally, Butler mentioned, AML added 60 new hires for the Solomon’s Downtown retailer, which now takes the worker depend in Grand Bahama to 250.

“The opening of this downtown Solomon’s has been a three-year journey which has resulted from the damage of Hurricane Dorian to our former Queen’s Highway location,” he mentioned.

Butler additional revealed that all the administration for the brand new retailer is home-grown expertise inside the AML Food system and AML has invested in extra of $4million in its downtown retailer, with 90 per cent being expended on venture groups and companies in Grand Bahama.

The opening was capped off with the sounds of cheers from keen ready consumers and the pulsating sounds of Junkanoo as residents moved to the beat as they shopped.

PHOTO CAPTIONS

Header: Scores of shoppers waited on the skin of the brand new Solomon’s Downtown Thursday, December 1, 2022 whereas the official grand opening ceremony was underway to be one of many first to see the brand new retailer and reap the benefits of the offers.

1st insert: Minister for Grand Bahama, the Hon. Ginger Moxey, was readily available for the ribbon chopping ceremony through the grand opening of AML Foods Solomon’s Downtown location in Grand Bahama on Thursday, December 1, 2022, a lot to the delight of keen ready consumers. From left are AML CEO Gavin Watchorn, left, Minister Moxey, and AML And AML Foods Chairman Franklyn Butler.

2nd Insert: Numerous residents on Grand Bahama made their means down to the brand new Solomon’s Downtown location on Thursday, December 1, 2022 to have a first-hand look of the brand new house and store.

(BIS Photos/Andrew Miller)

Bahamas Central Bank to create savings bonds for small investors – Magnetic Media

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