InvesTT receives award for Top Investment Promotion Agency in LATAM & the Caribbean

InvesTT, this country’s national Investment Promotion Agency (IPA), has received the 2020 “Top Investment Promotion Agencies Award – National”, in the region of Latin America & the Caribbean, by Site Selection magazine.

The announcement was released in May 2020 by Conway Data Inc., US-based global corporate expansion experts and publishers of Site Selection.

Conway Data Inc. has been a trusted advisor to corporations, government economic development and investment promotion agencies around the world since 1954. 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 itself dates back to 1883.

In an official statement issued today by InvestTT, the company reports that this is the fourth occasion on which it has received the internationally recognized award—the first awarded in 2015, just two years after the IPA’s establishment, the second in 2017 and the most recent in 2019.

Site Selection also has ranked Trinidad and Tobago as second overall “Best to Invest Location” in the Caribbean region, ahead of Jamaica and St. Lucia.

The award earned a fourth time by InvesTT. (Image courtesy InvesTT)

Chairman of InvesTT, Philip Knaggs, says the awards are an indication that InvestTT knows what it is doing.

“The job of InvesTT is crucial at this time in order to create industries and increase opportunities for economic expansion and job creation,” says Phillip Knaggs. “The fact that we have received this award on four occasions demonstrates our skills and ability to do our job to maintain Trinidad and Tobago as an investment destination of choice.”

The Top IPA Award is presented annually to top performing IPAs based on their professional staff, preparedness, leadership, and the overall success demonstrated by the IPA on a daily basis.

Among the criteria used by the distinguished judging panel of global Foreign Direct Investment experts and site selection consultants are:

–  Most professionally responsive to inquiries & staff possessing the best knowledge.

–  A modern website that is easy to navigate, with a wide breadth of data and efficient design.

–  Access to recent investors in the region who can vouch for the area and agency.

–  Best reputation for protecting investor confidentiality.

–  Reputation for after-care services.

According to Adam Jones-Kelley, President of Conway and Publisher of Site Selection magazine, the ranking recognizes IPAs from every region of the world deemed to be best in class and most proficient at doing the hyper-critical work of creating jobs for their citizens.

He also indicated that leading agencies will play an integral role in helping rebuild economies, and replace the jobs lost, in response to the unprecedented challenge of a post COVID-19 world.