AGP Executive Report
Last update: 5 hours agoFederal Funding: FEMA released a $984,776 grant for Guam emergency-management costs, lifting a drawdown hold and allowing reimbursement of eligible expenses. The approval is an initial step toward easing heightened federal oversight. Tourism: South Korean arrivals to Guam were down 35.4% through September, as high travel costs, a weak won and concerns about infrastructure weigh on demand. Guam and Saipan have also lost ground as honeymoon destinations. Market Recovery: GVB and Japan’s HIS travel company signed a partnership to develop new visitor experiences and marketing, aiming to rebuild Japanese arrivals and create more opportunities for local tourism businesses. Workforce Investment: Guam businesses received $17.4 million in tax credits through the Department of Labor’s apprenticeship program, supporting employer-led training. Yigo Development: 76/Circle K broke ground on a new station, adding a local construction and retail investment.
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