The Economic Development Rate was developed in consultation with our regulators, the Grand Bahama Port Authority (GBPA). The goals of the EDR are to attract new investment and encourage expansion of existing industrial and commercial business in Grand Bahama.
In order to qualify for the economic development rate, businesses must meet a minimum demand criterion of 500KVA, as well as a job creation and capital investment quota. Those that qualify will receive a discounted rate over a five-year period. To apply please click on the links provided below.
APPLICATION FOR ECONOMIC DEVELOPMENT RATE