Anna Regina sees business boom

Mar 06, 2018 News

“Despite what many would say, there is evidence pointing to the fact that there is an increase in commercial activities within the Pomeroon/Supenaam region, [Region Two].”
This was the reply given by Regional Executive officer, Rupert Hopkinson, when he was asked to comment on business activities in Region Two.
Hopkinson said that his assessment is based on the fact that a number of businesses have expanded significantly over the past year, throughout the Essequibo Coast.
Hopkinson was referring to some of the major investments made within the Anna Regina Township.
The REO added, “Through observation, businesses do not open unless there are opportunities. We have seen a new minimart which went two stories high.
We’ve seen a variety store established with another on the way [both three storeys high]. Two new supermarkets were also erected.”
The REO quickly linked the increase in commercial activities to increased spending by the government.
The REO said that the government has hired more contractors, who in turn hire more individuals to implement government projects.
He further explained, “I carried out an examination on how our allocations were spent previously.
Today, these are spread or shared among a number of contractors and this creates a chain in spending.” Hopkinson claims that this chain of spending is the fuel, which propels economic development.
Interestingly, it was noted, that this increased chain of spending, is happening primarily within the Anna Regina business community, where government projects are mostly implemented.
Anna Regina is just one of the major commercial hotspots in this small agro based region, the other being the Charity Business community.
According to the president of the Essequibo’s Chamber of Commerce, Deleep Singh, there seems to be a lack of spending in the Charity community.
Singh added, “I don’t see an increase in commercial activities here in Charity. Maybe there is an increase in spending within the Anna Regina community, because of the contracts being awarded in that area.
But in Charity, this is short-lived because we do not see any long term business development here.”
[Romario Blair.]

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