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Overview
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Key Areas Within This Issue
- â—‹ Business licensing and regulatory processes
- â—‹ Taxation and cost of doing business
- â—‹ Access to financing and investment support
- â—‹ Support for small and medium-sized enterprises
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What's Happening Now
Business conditions continue to be shaped by how quickly approvals are granted, how costs are managed, and how accessible financing is for different types of enterprises. Attention often focuses on how these factors affect both new and existing businesses.
There have been efforts to streamline processes, improve access to support programmes, and reduce administrative barriers. These changes are often aimed at making it easier for businesses to operate and expand.
At the same time, challenges remain around consistency, access to capital, and overall competitiveness. As a result, business incentives remain an ongoing part of economic discussions.
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Key Data & Indicators
- â—‹ Number of new business registrations
- â—‹ Time required to obtain approvals and licenses
- â—‹ Access to financing and loan availability
- â—‹ Business growth and investment levels
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Key Areas Within This Issue
- â—‹ Business licensing and regulatory processes
- â—‹ Taxation and cost of doing business
- â—‹ Access to financing and investment support
- â—‹ Support for small and medium-sized enterprises
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Policy Landscape
Policy in this area generally focuses on improving the business environment through regulatory reform, tax measures, and support programmes. These approaches are intended to encourage investment and make it easier for businesses to grow.
There is also ongoing discussion around how to support smaller enterprises while maintaining a competitive environment for larger investments. This often involves balancing incentives with regulatory oversight.
As a result, policy approaches tend to focus on reducing barriers, improving efficiency, and supporting sustainable economic activity.
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Common Questions
What are business incentives?They are policies and programmes designed to make it easier for businesses to start, operate, and grow.
Why do businesses face challenges?Challenges can include regulatory delays, high costs, and limited access to financing.
How can the environment be improved?Improvements typically focus on reducing barriers, increasing efficiency, and providing targeted support.
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Candidate Positions​
No published positions yet.
Party Positions
- Use land access and business-in-a-box style support to widen entrepreneurship
- Support small businesses through advisory help, market access, and micro-financing
- Treat Bahamian ownership and local enterprise as the foundation of economic growth
- Reform business licence and VAT rules to simplify compliance and reduce delays
- Expand support for startups and micro businesses through grants and easier approvals
- Use targeted incentives, free-trade zones, and builder relief to stimulate investment and growth
- Use technology to speed up building permits and reduce approval delays
- Open government contracting more clearly to Bahamian businesses and SMEs
- Support local enterprise through digitization, procurement reform, and targeted incentives
No published positions yet.
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Legislative activities and policy proposals. Track the progress of laws that impact your community.
Business Incentives
Economic growth is often driven by the environment businesses operate in. This area looks at how policies encourage investment, support expansion, and shape competitiveness.
Business support measures can influence investment decisions, competitiveness, and economic activity.
Current Positions
- Use land access and business-in-a-box style support to widen entrepreneurship
- Support small businesses through advisory help, market access, and micro-financing
- Treat Bahamian ownership and local enterprise as the foundation of economic growth
- Reform business licence and VAT rules to simplify compliance and reduce delays
- Expand support for startups and micro businesses through grants and easier approvals
- Use targeted incentives, free-trade zones, and builder relief to stimulate investment and growth
- Use technology to speed up building permits and reduce approval delays
- Open government contracting more clearly to Bahamian businesses and SMEs
- Support local enterprise through digitization, procurement reform, and targeted incentives
Candidate / Independent Positions
Related Issues
In recent years, rising prices for goods and services have outpaced wage growth, leading to affordability challenges for many Bahamians.
- Inflation affects savings, cost of living, and the purchasing power of everyday goods.
- Rising costs hurt low and middle-income families the most, squeezing budgets and limiting financial security.
- Housing, healthcare, and education costs are major factors in the economic squeeze o on families.
Business support measures can influence investment decisions, competitiveness, and economic activity.
In Marathon, high housing costs, wage stagnation, and inflation are major concerns, affecting affordability for many residents and businesses.
- Use land access and business-in-a-box style support to widen entrepreneurship
- Support small businesses through advisory help, market access, and micro-financing
- Treat Bahamian ownership and local enterprise as the foundation of economic growth
- Reform business licence and VAT rules to simplify compliance and reduce delays
- Expand support for startups and micro businesses through grants and easier approvals
- Use targeted incentives, free-trade zones, and builder relief to stimulate investment and growth
- Use technology to speed up building permits and reduce approval delays
- Open government contracting more clearly to Bahamian businesses and SMEs
- Support local enterprise through digitization, procurement reform, and targeted incentives
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