Disney Cruise Line will Provide $1 Million to Support to Small Businesses in The Bahamas

Disney Cruise Line has entered a new partnership with the Eleuthera Chamber of Commerce and the Access Accelerator Small Business Development Centre.

As part of the new agreement, DCL has committed to providing more than $1 million over three years to help prepare small and start up businesses for involvement in development projects in Central and South Eleuthera. Development projects contained in the agreement also include the project at Disney’s Lighthouse Point.

Jeff Vahle, president of Disney Cruise Line, had this to say regarding the agreement: “Our organizations are coming together with the goal of empowering entrepreneurs and small businesses in Eleuthera and maximizing their economic opportunities for the long run. Disney is excited to be a part of this community and to help create a more robust and resilient economy in Eleuthera.”

A new location will offer space for group and individual programs offered by both the Chamber of Commerce and Access Accelerator Small Business Development Centre. The facility will also offer high speed internet, shared workspace, meeting rooms and phone service to startups and small businesses.

Davinia Grant, Executive Director of the Access Accelerator Small Business Development Centre, had hope-filled words about the partnership, “This strategic partnership aligns perfectly with our goals to provide employment, create ownership opportunities and drive development in The Bahamas. Equipping our startups and small- and medium-sized enterprises with effective new tools and training is an important step forward in our quest for sustainable growth and prosperity.”

Peter Turnquest, Deputy Prime Minister and Minister of Finance, had this to say: “This MOU is a model of what we hope to achieve in other communities throughout The Bahamas as we look to bring additional investment to the country. This is not just about creating jobs, this is about creating wholesome communities because at the end of the day when we have happy communities, we will have successful and profitable businesses.”

Disney Cruise Line purchased Lighthouse Point, located on the island of Eleuthera, in 2019, and entered into an agreement with the government of The Bahamas regarding responsible development of the location. Just recently, Disney Cruise Line launched a new website highlighting plans for Lighthouse Point.

Construction at Lighthouse Point may commence following an Environmental Impact Assessment and Environmental Management Plan. The assessment and plan must be approved by the government of The Bahamas. Public discussions, as well as the granting of any additional permits and approvals, must also take place before development begins.