Investment Application and Approval Process
Prospective Clients are required to complete an application form provided by the CDA. The application is evaluated under the CDA's Tenancy Assessment System, which is base on the following evaluation criteria:
i. Client Profile
The CDA will not conduct business with prospective clients who do not appear to have the relevant business experience, track record and/or financial capacity to successfully implement and sustain the proposed venture.
ii. Nature of Business
The CDA will favour businesses that will engage in tourism, eco-tourism, marine-based and knowledge-based activities, over those that propose to engage in industrial manufacturing or other non-priority investment sectors.
iii. Marketing Analysis
Strong emphasis will be placed on evidence of a good marketing plan identifying the marketing strategy of the proposed business venture.
iv. Technical Capability
The prospective client will be required to identify whether any special skills or expertise will be required for the conduct of the business and how these skills will be sourced and sustained.
v. Environmental Impact
The CDA is committed to a development policy that recognizes and ensures the maintenance of the pristine Chaguaramas environment. The environmental impact of any business activity is of paramount importance.
vi. Financial Viability
Risk is inherent in all business ventures, however, a well capitalized and managed venture is more likely to succeed than one that is not. Clients whose business ventures are financial failures will adversely affect CDA’s revenue stream. As such, the CDA will utilize accepted investment assessment methodologies to gauge the success or failure of its tenants’ business ventures in Chaguaramas
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The following flowchart describes the investment approval process:
1. The application is passed on to the Tenancy Manager to acknowledge the client.
2. The Tenancy Assessment Committee, (TAC) comprising some members of management, meets to evaluate the application and may request third party assistance if necessary.
3. Recommendations from the TAC are submitted for approval by the Board.
4. Applications approved by the Board are submitted to the Minister for final approval.