2024 Guam Economic Outlook
Friday, January 19, 2024
Somnak Ballroom, Westin Resort Guam
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We had a full house for our 2024 Guam Economic Outlook event held at the Somank Ballroom, Westin Resort Guam on Friday, January 19, 2024.
We would like to give our warmest si yu'os ma'åse to our moderator and speakers:
General Economic Outlook for 2024
Gary Hiles, Chief Economist,
Guam Department of Labor
Tourism Outlook
Dr. Gerald "Gerry" Perez, Vice President,
Guam Visitors Bureau
Outlook on Real Estate and Construction
Siska Hutapea, Founder and President, Cornerstone Valuation Guam, Inc.
GEDA's Efforts in Promoting Investment in Guam
Melanie Mendiola, CEO / Administrator, Guam Economic Development Authority
Moderator
David John, Managing Director, ASC Trust
If you have not gotten the chance to finish notetaking during this event, presentations are linked to the panelist names if you wish to have a copy of their presentation. We have also provided a recording of the panelist presentation, click here to watch!
Click here to view the presentation Video
For more photos of this past event, click here!
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The Guam Legislature is scheduled for a Legislative Session on Monday, January 22nd, 9:00 a.m. On the agenda are bills on the second reading file which allows for further amendment or vote to progress to the third reading file. If these bills are important to you, reach out to the senators to let them know of your thoughts and concerns which will influence how they act on the bills. View the Session's Full Agenda here.
A few of the bills under consideration follow:
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Bill No. 142-37: Relative to Net Metering
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Bill No. 165-37: Establishes the Guam Solid Waste Authority Islandwide Collection Plan
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Bill No. 184-37: Authorizes the Guam Ancestral Lands Commission to sell or lease lots in the municipality of Barrigada to the Government of Guam at fair market value for use as the site for a new medical complex.
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Bill No 185-37: Requires that any new hospital constructed pursuant to the Guam Twenty-first Century Healthcare Center Act to be constructed in the municipality of Tamuning.
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Galito Elected 2024 Chairman of the Guam Chamber of Commerce | |
Your Guam Chamber of Commerce announced on Wednesday, January 17, 2024, that the Board of Directors elected its slate of officers for the 2024 Administrative Year.
Ernie Galito, Business Development Director, of Atkins Kroll, Inc. was elected Chairman of the Board. Tae Oh, Vice President, of Vantage Advertising, was elected Vice Chairman; and, Juan Carlos Benitez, President, of Washington Pacific Economic Development Group, Inc., was elected Secretary-Treasurer.
The 2024 Executive Committee of the Guam Chamber of Commerce will additionally be comprised of Immediate Past Chairman, Edward Untalan, Executive Vice President /Guam CNMI Region Manager, First Hawaiian Bank, Special Executive Committee Member, Phillip Santos, Account Executive, Matson Navigation Company, and Guam Chamber of Commerce President Catherine Castro effective January 17, 2024.
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2024 Guam Chamber of Commerce Board Executive Pictured from L-R
Catherine Castro, President of the Guam Chamber of Commerce; Edward Untalan, Immediate Past Chairman of the Board; Juan Carlos Benitez, Secretary-Treasurer, Ernie Galito, Chairman of the Board; Tae Oh, Vice-Chairman of the Board; and Phillip Santos, Special Executive Committee Member. Also in the photo is Tom Shimizu, Guam Chamber of Commerce Board Member.
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Guam Chamber Business Hall of Fame Nomination Now Being Accepted
The Guam Chamber of Commerce is seeking nominations for 2024 Guam Business Hall of Fame Laureate -- a prestigious recognition that pays tribute to outstanding companies and business leaders who have made exceptional contributions to business growth in Guam.
There are two categories for the Laureate award: 1) Individual; and, 2) Company. Any individual or for-profit enterprise licensed to do business in Guam is eligible for the award based on key criteria. Download the Fact Sheet for details. The deadline for nominations is 5:00 p.m., Thursday, February 29, 2024.
Download Hall of Fame Fact Sheet
Download Business Laureate Nomination Form
Download Individual Nomination Form
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SAVE THE DATE: 26TH Annual Amateur Golf Tournament
Wednesday, March 20, 2024
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YES! It's one of our favorite activities and we know it's yours, too! Your Guam Chamber's 26th Annual Amateur Golf Tournament is scheduled for Wednesday, March 20, 2024. Great weather, fantastic course, fun people, and awesome prizes - What's not to enjoy?
Grab a partner and practice your swing to get ready for March 20th!
SPONSORSHIP OPPORTUNITIES? Definitely! Let us know if your company would be interested in sponsorship and/or would like to donate prizes.
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Local Businesses Encouraged to
Apply for LEAP ll
Deadline to submit form: Tuesday, February 8, 2024
On Tuesday, January 9, 2024, local businesses can apply for the Local Employers Assistance Program (LEAP) Supplemental Grant ll. LEAP ll was established by Governor Lou Leon Guerrero though Executive Order No. 2023-15 to provide a final round of direct financial assistance to local small businesses that experienced significant levels of pandemic-related business interruption in calendar year 2022. 2023-15 allocates $5 million in addition to Public Law 37-15, which allocated up to $15 million in local funds to LEAP ll. Program information and applicant guidance are available on Invest Guam's website.
Guam Economic Development Authority (GEDA) will continue accepting LEAP ll applications through Tuesday, February 8, 2024.
View more info on GEDA's website
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Did you know that we have a member news page on our website and app? News sent to us by a Chamber member is featured on our "member news" page. Feel free to send us your releases and we are happy to share your news! | |
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2024
Industry Recovery Updates
Click here
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View Guam APEX
Accelerators
January 2024
Training Events
Webinars are held every Thursday from 10am - 11:30am via Zoom.
Zoom links emailed to registered attendees 30 minutes before the webinar.
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