BusinessGrenada.com Issue: 7 2016 -2017 | Page 62

GIDC

GIDC

GRENADA INDUSTRIAL DEVELOPMENT CORPORATION

The Grenada Industrial Development Corporation ( GIDC ) celebrated its 30th anniversary in 2015 , having been established by the Government of Grenada on March 1 , 1985 as a statutory body to stimulate , facilitate and encourage the establishment and development of industry . GIDC has evolved since its inception when it mainly granted concessions , to now being an economic development entity , impacting the lives of Grenadians through its core activities . These include Investment Promotion , Investment Facilitation and Business Support Services . The GIDC also owns three Business Parks and rents facilities to businesses ranging from manufacturing to Business Process Outsourcing ( BPO ).

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GIDC ’ s mission is to strive to contribute to Grenada ’ s socio-economic development by :
Adopting a targeting approach in promoting investment opportunities , providing superior investor facilitation and entrepreneurial development services , and advocating for a supportive enabling environment for investors to develop and grow business , trade and industries .
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Its overall strategic goal is to promote local and foreign investment as well as facilitate and strengthen entrepreneurial development within the growth sectors of Grenada ’ s economy . Its vision is to be a highly ranked corporation globally , exceeding the expectations of those served .
The Business Park facilities of the Grenada Industrial Development Corporation ( GIDC )