Investment Call to Diaspora: Minister Pinard Envisions a Brighter Future for Dominica

RasTa Joe 7th November, 2023

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In a compelling address to the Dominican diasporan community at the 2023 Diaspora Forum, Minister Daren Pinard of the Ministry of Labour, Public Service Reform, Social Partnership Entrepreneurship, and Small Business Development extended a heartfelt call for members of the diaspora to invest in their home country. His appeal emphasized the pivotal role that the diaspora could play in advancing the nation’s development and prosperity.

Minister Pinard acknowledged the government’s concerted efforts to strengthen its bonds with the diaspora, citing various initiatives and programs, such as the annual forum for returning Dominicans and outreach efforts spanning the Caribbean, North America, and Europe. He underlined that the diaspora should be seen not only as a source of remittances but as a reservoir of meaningful contributions to the country’s development.

The stability of Dominica’s economy, even during global recessions, was noted as a testament to its resilience, making it an attractive investment destination. Minister Pinard encouraged diaspora members to consider diversifying their investments beyond their host countries and explore opportunities in Dominica.

He highlighted the promising property market in Dominica, emphasizing the absence of significant property taxes and the security of property ownership. He encouraged diaspora members to consider real estate investments as a way to establish a future home or secure financial wealth.

Furthermore, Minister Pinard discussed the transformative change underway in Dominica, exemplified by the construction of an international airport. Direct flights to Dominica are expected to bolster the tourism industry and various related sectors, providing ample investment opportunities. He also stressed the need for investment in agriculture to support the government’s goal of achieving $700 million in agricultural output by 2030.

Minister Pinard concluded his appeal by encouraging diaspora members to consider the business opportunities presented by the upcoming marina in Portsmouth. Thriving marinas create an ecosystem of businesses, from retail shops to restaurants, and diaspora entrepreneurs were urged to explore ventures that could complement this development.

In summary, Minister Daren Pinard’s call to invest in Dominica resonates as not just an opportunity but a commitment to the nation’s brighter future. He believes that building mutually beneficial relationships with the homeland is the path to collective success and prosperity.