The Bahamas Distilling Co. Ltd. is the only distillery on the island of Grand Bahama and one of two in the entire Bahamas. BDC is a production facility that manufactures rum for various brands. The Bahamas Distilling Co. Ltd will add significant value to the city of Freeport by establishing a strong export presence for rum products.
Sawyer’s Fresh Market has completed their construction of a new 30,000 square foot plaza that will house their new retail grocery store. The $2million project opened its doors in October 2021.
Western Atlantic University School of Medicine has chosen Freeport, Grand Bahama for the development of its $100 Million University School of Medicine. The campus will be developed in multiple phases over the next 10 years. It will involve the construction of 98,000 sq ft of classrooms, offices, lab facilities, maintenance, security and related spaces. The development will include university-owned housing for faculty, staff and students on campus. It will also encompass: on-campus businesses, including a bookstore, cafeteria and a student center providing music, food, beverages, a copy center and related services During the full operation of the campus, approximately 350 permanent jobs will be created for Bahamians.
The university is scheduled to welcome students for its first year in January 2022.
It is estimated that in the University’s first 10 years of operation, student and faculty spending on housing, food, entertainment, goods and on-island transportation, will provide a combined $200 million in revenue for Grand Bahama.
AML Foods Ltd has announced that they will be establishing a Solomon’s Fresh Market store downtown Freeport in the former Winn Dixie building. AML will invest $3.5 million into the new 20,000 square foot neighborhood store and will add approximately 40 new jobs to the Freeport economy. This location is expected to open in March 2022.
AML has also recently completed a $1 million renovation plan for Solomon’s Lucaya in September 2021.
Source: AML signs lease in Downtown Freeport for new Solomon’s store
Coral Vita, the world’s first commercial-land based coral farming company has recently won the Earthshot Prize for their work in coral reef restoration. Coral Vita has been operating its coral farms in Freeport, Grand Bahama since 2018. With Coral Vita’s methods, they have the ability to grow coral 50 times faster than traditional methods. The Earthshot Prize is the most prestigious global environment prize in history, designed to incentivize change and help repair our planet.