Guam final presentation
- 3. Location Guam is the westernmost territory of the United States located at about 3,700 miles west of Hawaii, 1,500 miles southeast of Japan, 1,500 miles east of the Philippines and 3,100 miles northwest of Australia.
- 4. Overview of Guam Population is 160,000 Percent of population in rural areas – 6% Percent of population in urban areas – 94% Language: English Roman Catholic 85% Other 15% Religion 37.1% 26.3% 11.3% 6.9% 6.3% 2.3% 9.8% Ethnicities Chamorros Filipinos Other Pacific Islanders Caucasian Asian Other Mixed
- 5. Political System Part of U.S. Government President: Barack Obama Governor: Eddie Calvo
- 6. Follows all U.S. Federal Laws including: Wage Requirements Health/Safety Requirements Environmental Regulations Immigration Banking Laws & Regulations
- 7. Has open visa policy for Russians, would like an open visa policy for China. Cannot vote in U.S. Presidential Election, but is counted in primaries Does not pay Federal Taxes. Sets own tax rates and duties. No Sales Tax, extra school taxes, etc. Differences
- 8. Guam Exports-Goods 20% 5% 20% 8% 7%0% 24% 16% Exports Jan - March 2013 Food & Non-alchoholic Beverages $2,389,791 Alcoholic Beverages $592,136 Transportation & Parts $2,348,938 Home Appliance, Equipment & Others $875,062 Plastics, Leather & Papers $823,347 Mens and Womens Apparel $40,947 Construction Materials $2,764,344 Other Exports $1,878,212
- 9. Exports by Guam by Country Jan-March 2013 19.81% 17.96% 15.49% 9.30% 9.30% 5.42% 4.19% 3.66% 14.88% Japan $2,320,640 Federated States of Micronesia $2,103,476 Germany $1,814,348 Republic of Korea $1,089,293 Hong Kong $1,088,995 Philippines $634,300 Singapore $490,997 Taiwan $428,445 Other countries $1,742,455
- 10. Guam Imports - Goods Food & Non- alcoholic Beverages ($12,674,161) 22.79% Alcoholic Beverages ($705,201) 1.27% Transporation & Parts ($9,956,986) 17.91% Home Appliance, Equip ment & Others ($5,185,834) 9.33% Mens and Womens Apparel ($4,716,014) 8.48% Plastics, Leather, and Paper ($10,610,863) 19.08% Construction Materials ($1,608,387) 2.89% Other Imports ($10,150,658) 18.25% Imports October 2012
- 11. Imports by Guam by Country Oct 2013 U.S. ($25,409,766) 45.70% Japan ($7,117,902) 12.80% France ( $4,951,501) 8.90% Switzerland ($3,959,225) 7.10% China ($3,632,793) 6.50% Italy ($3,245,517) 5.80% Taiwan ($1,260,525) 2.30% Republic of Korea ($1,089,993) 2.00% Other ($4,940,881) 8.80%
- 12. Tourism – 1.2% growth in 2010, high potential for more Military – Expecting $139 million in U.S. Government spending and an additional 8,000 Marines by 2016 Local Economy – mostly small businesses Major Industries
- 13. With help of U.S. Government to assist in preparation of increase in population: Better electrical generation More potable water production Wastewater improvements Future Infrastructure Improvements
- 14. Increase in population with new military deployments Increase in tourists Rise in Consumer Spending and Imports for Businesses in Guam
- 16. Attractions of Owning a Retail Store in Guam No sales tax US Dollar is main currency Transportation of goods is simple Duty Free is attraction to consumers Wider market than just U.S. tourists
- 17. InvestGuam.com Guam-OnLine.com Bsp.Guam.gov Resources for Starting a Business in Guam
- 18. The End.