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Freeport, Bahamas

 

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Freeport, Bahamas



 
 
Freeport is a city and free trade zone
Free trade zone

A free trade zone or export processing zone is one or more special areas of a country where some normal trade barriers such as tariffs and Quota share are eliminated and Bureaucracy are lowered in hopes of attracting new business and Foreign direct investment....
 on the island of Grand Bahama
Grand Bahama

Grand Bahama is one of the northernmost of the islands of the Bahamas, and the closest major island to the United States, lying just 55 mi off the state of Florida....
, located approximately 100 mi (160 km) east-northeast of Fort Lauderdale
Fort Lauderdale, Florida

Fort Lauderdale, known as the "Venice of America" due to its expansive and intricate canal system, is a city in Broward County, Florida, United States....
, Florida
Florida

Florida is a U.S. state located in the Southeastern United States of the United States, bordering Alabama to the northwest and Georgia to the northeast....
 and is a district of the Bahamas
Districts of the Bahamas

|||}The Districts of the Bahamas provide a system of local government everywhere in The Bahamas except New Providence, whose affairs are handled directly by the central government....
.

In 1955, Wallace Groves, a Virginia
Virginia

The Commonwealth of Virginia is an United States U.S. state on the East Coast of the United States of the Southern United States. The state is known as the "Old Dominion" and sometimes as "Mother of Presidents", because it is the birthplace of Lists of United States Presidents by place of birth#By state....
n financier with lumber interests on the island, was granted 50,000 acres (200 kmē) of swamp
Swamp

A swamp is a wetland featuring temporary or permanent inundation of large areas of land, by shallow bodies of water. A swamp generally has a substantial number of hammock , or dry-land protrusions, covered by aquatic vegetation, or vegetation that tolerates periodical inundation....
 and scrubland by the Bahamian
The Bahamas

The Bahamas, officially the Commonwealth of The Bahamas, is an independent, sovereign, English language-speaking country consisting of two thousand cays and seven hundred islands that form an archipelago....
 government with mandate to economically develop the area. The city of Freeport was built, which has grown to be the second most populous city in The Bahamas (26,910 in 2000) after the capital, Nassau
Nassau, Bahamas

Nassau is the Capital , largest city, and commercial centre of the Commonwealth of the Bahamas. The city has a population of 260,000 , nearly 80 percent of the entire population of The Bahamas ....
.

The Grand Bahama Port Authority
Grand Bahama Port Authority

The Grand Bahama Port Authority is a privately held corporation that also acts as the municipal authority for Freeport, Grand_Bahama, The Bahamas....
 (GBPA) operates the free trade zone, under the Hawksbill Creek Agreement
Hawksbill Creek Agreement

The Hawksbill Creek Agreement was an agreement signed in 1955 between the Government of the Bahamas and Mr Wallace Groves to establish a city and free trade zone on Grand Bahama Island with an aim of spurring economic development in the region....
 signed in August 1955 whereby the Bahamian Government agreed that businesses in the Freeport area will pay no taxes before 2054.






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Encyclopedia


Freeport is a city and free trade zone
Free trade zone

A free trade zone or export processing zone is one or more special areas of a country where some normal trade barriers such as tariffs and Quota share are eliminated and Bureaucracy are lowered in hopes of attracting new business and Foreign direct investment....
 on the island of Grand Bahama
Grand Bahama

Grand Bahama is one of the northernmost of the islands of the Bahamas, and the closest major island to the United States, lying just 55 mi off the state of Florida....
, located approximately 100 mi (160 km) east-northeast of Fort Lauderdale
Fort Lauderdale, Florida

Fort Lauderdale, known as the "Venice of America" due to its expansive and intricate canal system, is a city in Broward County, Florida, United States....
, Florida
Florida

Florida is a U.S. state located in the Southeastern United States of the United States, bordering Alabama to the northwest and Georgia to the northeast....
 and is a district of the Bahamas
Districts of the Bahamas

|||}The Districts of the Bahamas provide a system of local government everywhere in The Bahamas except New Providence, whose affairs are handled directly by the central government....
.

In 1955, Wallace Groves, a Virginia
Virginia

The Commonwealth of Virginia is an United States U.S. state on the East Coast of the United States of the Southern United States. The state is known as the "Old Dominion" and sometimes as "Mother of Presidents", because it is the birthplace of Lists of United States Presidents by place of birth#By state....
n financier with lumber interests on the island, was granted 50,000 acres (200 kmē) of swamp
Swamp

A swamp is a wetland featuring temporary or permanent inundation of large areas of land, by shallow bodies of water. A swamp generally has a substantial number of hammock , or dry-land protrusions, covered by aquatic vegetation, or vegetation that tolerates periodical inundation....
 and scrubland by the Bahamian
The Bahamas

The Bahamas, officially the Commonwealth of The Bahamas, is an independent, sovereign, English language-speaking country consisting of two thousand cays and seven hundred islands that form an archipelago....
 government with mandate to economically develop the area. The city of Freeport was built, which has grown to be the second most populous city in The Bahamas (26,910 in 2000) after the capital, Nassau
Nassau, Bahamas

Nassau is the Capital , largest city, and commercial centre of the Commonwealth of the Bahamas. The city has a population of 260,000 , nearly 80 percent of the entire population of The Bahamas ....
.

The Grand Bahama Port Authority
Grand Bahama Port Authority

The Grand Bahama Port Authority is a privately held corporation that also acts as the municipal authority for Freeport, Grand_Bahama, The Bahamas....
 (GBPA) operates the free trade zone, under the Hawksbill Creek Agreement
Hawksbill Creek Agreement

The Hawksbill Creek Agreement was an agreement signed in 1955 between the Government of the Bahamas and Mr Wallace Groves to establish a city and free trade zone on Grand Bahama Island with an aim of spurring economic development in the region....
 signed in August 1955 whereby the Bahamian Government agreed that businesses in the Freeport area will pay no taxes before 2054. The area of the land grants has been increased to 138,000 acres (558 kmē).

Freeport Harbour is accessible by even the largest vessels, and has a cruise
Cruise ship

File:MSMajestyOfTheSeasEdit1.JPGA cruise ship or cruise liner is a passenger ship used for pleasure voyages, where the voyage itself and the ship's amenities are part of the experience....
 terminal, a transshipment
Transshipment

Transshipment or Transhipment is the shipment of good to an intermediate destination, and then from there to yet another destination.One possible reason is to change the means of transport during the journey , known as transloading....
/container
Containerization

Containerization is a system of intermodal freight transport cargo transport using standard International Organization for Standardization containers ...
 port, and both a private yacht and ship maintenance facility. Grand Bahama International Airport
Grand Bahama International Airport

Grand Bahama International Airport is a private airport located in Freeport, Bahamas on the island of Grand Bahama in the Bahamas. Grand Bahama International Airport is one of two Bahamian Airports that has U.S._border_preclearance#.5B.5BCaribbean.5D.5D_and_Atlantic_Ocean....
 handles nearly 50,000 flights each year.

Tourism
Tourism

Tourism is travel for recreational or leisure purposes. The World Tourism Organization defines tourists as people who "travel to and stay in places outside their usual environment for not more than one consecutive year for leisure, business and other purposes not related to the exercise of an activity remunerated from...
 complements trade as a revenue earner in Freeport, with over a million visitors each year. Much of the tourist industry is centered on the seaside suburb of Lucaya
Lucaya, Bahamas

Lucaya is a suburb of Freeport, Bahamas a city on the Island of Grand Bahama approximately 100 mi east-northeast of Fort Lauderdale, Florida. Lucaya's Primary Industry is tourism....
, owing its name (but little else) to the pre-Columbian Lucayan
Lucayan

The Lucayan were Arawak who inhabited the Bahamas at the time of Christopher Columbus' landing on October 12, 1492. They are widely thought to be the first Amerindians encountered by the Spain....
 inhabitants of the island. The city is often promoted as "Freeport/Lucaya." Most hotels on the island are located along the southern Atlantic Ocean
Atlantic Ocean

The Atlantic Ocean is the second-largest of the world's oceanic divisions; with a total area of about 106.4 million square kilometres . It covers approximately one-fifth of the Earth's surface....
 shore. Primary shopping venues for tourists include the (mostly closed since damage caused by Hurricane Frances
Hurricane Frances

Hurricane Frances was the sixth named tropical cyclone, the fourth tropical cyclone, and the third major hurricane of the 2004 Atlantic hurricane season....
 and labor issues closed the nearby hotel) International Bazaar near downtown Freeport and the Port Lucaya Market Place in Lucaya.

The English author Justin Hill
Justin Hill

Justin Hill is an England novelist. Born in Freeport, Grand Bahama Island in 1971, he grew up in Yorkshire. He was educated at the historic St Peter's School, York, York....
 was born here in 1971.

Booklovers would be pleased to know that there are two public libraries on the island - the Charles Hayward Library, which has been manned solely by volunteers for most of its life and the Grand Bahama Public Youth Library. The chief librarian at the Charles Hayward Library is Elaine Talma.

There are two drama groups on the island - the Freeport Players Guild - originally made up of expatriates to provide entertainment for their community. Their productions were musicals, comedies and drama - usually the more successful British productions. The Grand Bahama Players represented the indigenous population, staging productions by Bahamian, American and Caribbean playwrights. Their talent was of a standard which allowed them to perform internationally - most notable being at the United Nations.

External links