The inaugural Regional Investor of the Year Award launched in September 2013 in collaboration with the Caribbean Association of Investment Promotion Agencies (CAIPA). The awards were designed to highlight the contribution of both local investors within the region and foreign investors to the region. A regional investor is defined as an investor into one or more of the aforementioned territories in the region. These investors are key participants in regional economic growth and their contributions include the creation of job opportunities, adherence to high standards of corporate social responsibility, notable monetary spending and significant fiscal support to economies through the payment of corporate taxes.
The Regional Investor of the Year Award also seeks to recognize investors in strategic areas of importance to the region, e.g. green energy, research and development, projects that involve a high degree of innovation and creativity and those that are championed by women.
The awards presented include: Local Investor of the Year, Foreign Investor of the Year, and a Special Awards based on the assessment of the Evaluation Committee. An overall Regional Investor of the Year is selected from the winners of these categories. The awards serve not only to laud those who, in spite of a challenging economic environment have continued to lend vital support to both burgeoning and established industries in the Caribbean, but to encourage other investors to do the same.
RIYA 2014 – INVESTOR IN THE GREEN ECONOMY
The RIYA 2014 is turning its attention this year to the green economy and the region’s efforts at protecting its environment. RIYA 2014 will seek to promote investments in initiatives that employ environmentally friendly and sustainable business practices – initiatives that protect the region’s delicate ecosystem – its flora, fauna and human life. Foreign and local investor applicants must demonstrate that they have made significant contributions through changes in processes, practices, and structures to moderate potential damages to our ecosystem or to benefit from opportunities associated with the green economy. Investment projects that include wholly or in part elements of the following, among others, are eligible: the adoption of sustainable tourism and agricultural practices, renewable energy solutions or employment of energy efficient methods, waste recycling, human resource training on environment protection and the use of sustainable construction materials.
Awards will be given to distinctive investment projects in 3 categories, namely:
- Local Investor of the Year Award: This award will seek to honour local investors, those of Caribbean birth who have invested in operations in the region that have generated a significant impact.
- Foreign Investor of the Year Award: This award will seek to honour, as the name suggests foreign investors (non-Caribbean nationals), who have invested in operations in the region that have generated a significant impact.
- Special Awards: Special recognition will be given this year to Women Investors who through their business initiatives have made a significant contribution to the socio-economic development of the region. These projects do not need to focus solely on the green economy. These special awards will be given at the discretion of the Evaluation Committee to outstanding applicants.
2013 Award Winners
Foreign Investor of the Year – Qualfon Guyana Inc
Special Award – Cayman Enterprise City
CAIPA member countries include: Antigua and Barbuda, Bahamas, Barbados, Belize, the Cayman Islands, Curacao, Dominica, Dominican Republic, Grenada, Guyana, Haiti, Jamaica, Montserrat, St. Kitts and Nevis, Saint Lucia, St. Vincent and the Grenadines, Suriname, Trinidad and Tobago and the Turks & Caicos Islands.