According to Journal files, there were more than 3,600 business licenses filed in Guam as of the beginning of 2023. Melanie Mendiola, CEO and administrator at the Guam Economic Development Authority; told Guam Chamber of Commerce members on Sept. 27 at the Hilton Guam Resort & Spa that GEDA estimates there are 2,500 small business licensed in the island.
However, the number of business licenses must fluctuate enormously day by day, since the Guam Department of Revenue & Taxation required businesses to renew on their anniversary of doing business, rather than at one time in June.
Economic uncertainties in Saipan saw several former employees of the tourism industry turn to car washing and detailing — good ideas spread.
A popular trend in the islands has been for would-be entrepreneurs to take their talents, what they learned growing up about cooking, or a unique product and venture into the food industry, beginning small scale with a food truck, batch cooking, or in a small property, with their fingers crossed.
Palau has a record number of business licenses with more than 431 businesses recorded at its Bureau of Revenue & Tax. And most of those are indeed eateries.
After Typhoon Yutu hit the Northern Mariana Islands and while the NMI was still in the pandemic, there was an increase in licensed restaurants from 197 in 2019 to 208 in 2021, according to Journal files. Our latest Saipan business story includes more offerings.
Mendiola said GEDA is looking at providing more information. “We need to solidify data gathering.” And Edward G. Untalan, chairman of the Guam Chamber board told attendees that the Chamber was looking at providing a dashboard of economic information.
Universities and colleges and economists tackle information periodically, also with a history of quoting from media reports on statistics and information — to include from this paper and our sister publication, Guam Business Magazine.
In the meantime, we’ll continue to produce data. Whether that information will appear in the paper, or online on www.mbjguam.com we’ll keep you as updated as we can, whenever we can. mbj
However, the number of business licenses must fluctuate enormously day by day, since the Guam Department of Revenue & Taxation required businesses to renew on their anniversary of doing business, rather than at one time in June.
Economic uncertainties in Saipan saw several former employees of the tourism industry turn to car washing and detailing — good ideas spread.
A popular trend in the islands has been for would-be entrepreneurs to take their talents, what they learned growing up about cooking, or a unique product and venture into the food industry, beginning small scale with a food truck, batch cooking, or in a small property, with their fingers crossed.
Palau has a record number of business licenses with more than 431 businesses recorded at its Bureau of Revenue & Tax. And most of those are indeed eateries.
After Typhoon Yutu hit the Northern Mariana Islands and while the NMI was still in the pandemic, there was an increase in licensed restaurants from 197 in 2019 to 208 in 2021, according to Journal files. Our latest Saipan business story includes more offerings.
Mendiola said GEDA is looking at providing more information. “We need to solidify data gathering.” And Edward G. Untalan, chairman of the Guam Chamber board told attendees that the Chamber was looking at providing a dashboard of economic information.
Universities and colleges and economists tackle information periodically, also with a history of quoting from media reports on statistics and information — to include from this paper and our sister publication, Guam Business Magazine.
In the meantime, we’ll continue to produce data. Whether that information will appear in the paper, or online on www.mbjguam.com we’ll keep you as updated as we can, whenever we can. mbj