Guam final presentation

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Guam final presentation

  1. 1. LocationGuam is the westernmost territory of the United States located at about3,700 miles west of Hawaii, 1,500 miles southeast of Japan, 1,500 mileseast of the Philippines and 3,100 miles northwest of Australia.
  2. 2. Overview of Guam Population is 160,000 Percent of populationin rural areas – 6% Percent of populationin urban areas – 94% Language: EnglishRomanCatholic85%Other15%Religion37.1%26.3%11.3%6.9%6.3%2.3%9.8%EthnicitiesChamorrosFilipinosOther Pacific IslandersCaucasianAsianOtherMixed
  3. 3. Political SystemPart of U.S. Government President: BarackObama Governor: Eddie Calvo
  4. 4. Follows all U.S. Federal Lawsincluding:Wage RequirementsHealth/Safety RequirementsEnvironmental RegulationsImmigrationBankingLaws & Regulations
  5. 5. Has open visa policy for Russians, would likean open visa policy for China.Cannot vote in U.S. Presidential Election, butis counted in primariesDoes not pay Federal Taxes. Sets own taxrates and duties.No Sales Tax, extra school taxes, etc.Differences
  6. 6. Guam Exports-Goods20%5%20%8%7%0%24%16%Exports Jan - March 2013 Food & Non-alchoholic Beverages$2,389,791Alcoholic Beverages $592,136Transportation & Parts $2,348,938Home Appliance, Equipment &Others $875,062Plastics, Leather & Papers$823,347Mens and Womens Apparel$40,947Construction Materials $2,764,344Other Exports $1,878,212
  7. 7. Exports by Guam by CountryJan-March 201319.81%17.96%15.49%9.30%9.30%5.42%4.19%3.66%14.88%Japan $2,320,640Federated States of Micronesia $2,103,476Germany $1,814,348Republic of Korea $1,089,293Hong Kong $1,088,995Philippines $634,300Singapore $490,997Taiwan $428,445Other countries $1,742,455
  8. 8. Guam Imports - GoodsFood & Non-alcoholicBeverages($12,674,161)22.79%AlcoholicBeverages($705,201) 1.27%Transporation &Parts ($9,956,986)17.91%HomeAppliance, Equipment & Others($5,185,834) 9.33%Mens andWomens Apparel($4,716,014) 8.48%Plastics, Leather,and Paper($10,610,863)19.08%ConstructionMaterials($1,608,387) 2.89%Other Imports($10,150,658)18.25%Imports October 2012
  9. 9. Imports by Guam by CountryOct 2013U.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%
  10. 10. Tourism – 1.2% growth in 2010, highpotential for moreMilitary – Expecting $139 million inU.S. Government spending and anadditional 8,000 Marines by 2016Local Economy – mostly smallbusinessesMajor Industries
  11. 11. With help of U.S. Government to assist inpreparation of increase in population:Better electrical generationMore potable water productionWastewater improvementsFuture InfrastructureImprovements
  12. 12. Increase in population with newmilitary deployments Increase in touristsRise in Consumer Spending and Importsfor Businesses in Guam
  13. 13. Attractions of Owning aRetail Store in Guam No sales tax US Dollar is maincurrency Transportation ofgoods is simple Duty Free is attractionto consumers Wider market than justU.S. tourists
  14. 14. InvestGuam.comGuam-OnLine.comBsp.Guam.govResources for Starting aBusiness in Guam
  15. 15. The End.

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