Business View Caribbean - June 2024

SUSTAINABLE PRACTICES FOR LONG-TERM SUCCESS In the Turks and Caicos Islands, sustainability isn’t just a buzzword; it’s a necessity. Due to their small population and globally recognized environmental significance, the islands face unique challenges and opportunities. Musgrove underscores the importance of eco-tourism and sustainable practices as crucial components of the region’s economic and environmental strategy. “We’re an island nation that is extremely small,” she states, highlighting the critical need for sustainable practices. “It’s important to maintain globally recognized standards, and we also have our internal standards to improve and enhance our environment.” For Invest Turks and Caicos, promoting eco-friendly tourism isn’t just about meeting international benchmarks. It’s about preserving the natural beauty that defines the islands. “We must ensure that projects are environmentally friendly,”Musgrove relationships with essential stakeholders such as the Airports Authority and the Ports Authority. These connections are crucial for successfully executing various projects and initiatives aimed at economic development. Musgrove emphasizes the importance of a unified approach, saying,“We recognize that we can’t operate in silos and expect to grow holistically as a country.” This realization drives the strategy to maintain ongoing consultations with multiple departments, including planning, environmental sustainability, and the Attorney General’s chambers. The goal is to ensure all parties are aligned and working towards a shared vision. “With any one project or investment opportunity, we ensure full consultation so that everybody is on the same page,”Musgrove states. This coordinated effort allows Invest Turks and Caicos to proactively address potential challenges and create an environment conducive to foreign and local investments. Angela Musgrove, CEO 58 BUSINESS VIEW CARIBBEAN VOLUME 11, ISSUE 06