Feasibility Study Provides Roadmap to Food Security, Economic Revitalization

Hagåtña, Guam – Governor Lou Leon Guerrero led a roundtable discussion with the Guam Aquaculture Taskforce, regional industry experts, and stakeholders earlier this week on potential strategies to support the continued growth and revitalization of the island’s aquaculture industry. 

As part of the roundtable, the Guam Economic Development Authority (GEDA) released its Guam Aquaculture Industry Feasibility Study, funded by the U.S. Economic Development Administration. The study provides a comprehensive analysis of Guam’s aquaculture industry and serves as a roadmap for policymakers and stakeholders to support the industry.

A major component of the task force’s vision is the establishment of a Guam Aquaculture Innovation Center and an associated Guam Aquaculture Development Park. Other key recommendations discussed include a one-stop permitting system, workforce development programs at the University of Guam and the Guam Community College, and the development of a shipping and logistics facility to facilitate transportation of aquatic products within the region.     

“Developing a thriving local aquaculture industry has been a top priority of our administration,” said Governor Leon Guerrero. “Guam has a unique opportunity to build a Blue Economy centered around a sustainable aquaculture industry and be at the forefront of this growing movement not just in Micronesia, but also the United States. We are committed to working with the Guam Aquaculture Task Force to implement strategies and policies that stimulate private sector investment and entrepreneurship opportunities, and support our continued progress.”

“The Guam Aquaculture Industry Feasibility Study provides us with a roadmap for moving Guam’s aquaculture industry forward,” said Lt. Governor Josh Tenorio. “With the governor’s leadership, we continue to take steps towards developing a viable secondary industry that fosters economic growth and ensures food security and economic independence for our island.”  

The Guam Aquaculture Feasibility Study is available for download at investguam.com.


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