InvesTT Receives Best to Invest Top Agencies Award
After only two (2) years of existence, InvesTT, the Investment Promotion Agency (IPA) of Trinidad and Tobago, is currently ranked amongst the best IPAs in the world. InvesTT was announced as one of the winners of Site Selection Magazine’s Best to Invest Top Agencies Award for 2015. The “Best Investment Attraction Agency Latin America & Caribbean National” award recognized the agency as a top national IPA for the Latin American and Caribbean region among other awardees such as Invest in Bogota, Panama Pacifico and Costa Rican Investment Promotion Agency (CINDE).
“This is a significant achievement for Trinidad and Tobago and for us,” says InvesTT President, Mrs. Racquel Moses. “It acknowledges the agency’s dedication to providing an excellent and world class standard of service. We strive to be the best in all that we do therefore it’s an honour when the hard work of the team has been recognized.” InvesTT as an agency sources foreign and local investors for the country. In doing so the agency provides all of the location and industry specific information to Site Selectors as well as investors to allow them to make a positive investment decision. The service levels are consistent for foreign as well as national investors to ensure the ongoing economic growth of the country.
The Best to Invest Top Agencies Award is the third demonstration of international recognition for InvesTT in fiscal 2014/2015 and follows 8 months after receipt of the prestigious UNCTAD Investment Promotion Award for Excellence in Promoting FDI for Sustainable Development. InvesTT was also ranked within the top 20% of best IPAs in the world by the GIPB/World Bank Report in 2014.
The editors of Site Selection magazine, as well as a distinguished panel of global Foreign Direct Investment experts and site selection consultants, used the following criteria for choosing the winners of the award:
- Most professionally responsive to investor inquiries
- Most knowledgeable and linguistically diverse staff
- Most access to user-friendly databases of sites and incentives, both general and sector-specific
- Best information on timing expectations for permitting and other processes
- Best access to recent investors in the region for testimonials
- Best reputation for protecting investor confidentiality
- Best reputation for after-care services
“The Best to Invest Top Agencies Awards serve three purposes,” says Mark Arend, editor in chief of Site Selection magazine. “First, they recognize the commitment to excellence the leadership and staff at these agencies have exhibited to date. Second, they are a reminder to these agencies of the importance of maintaining and building on their professionalism and excellence in the future — to not relax their standards. And third, they signal to potential investors that their experience learning about a region and its capital investment potential via these agencies’ staff and online resources will result in a highly favorable outcome, even if a decision to invest capital does not result. My colleagues on the panel and I salute these agencies’ success today and in the future.”
Site Selection magazine is an award winning publication by Conway Data, Inc. and is the official publication of the Industrial Asset Management Council (IAMC) and The FDI Association. The Magazine dates back to 1883 and has an audited circulation of approximately 49,000 corporate decision-makers.