Guam’s economic climate and forecasts will be the subject of a conference sponsored by the Guam Chamber of Commerce the Guam Economic Development and Commerce Authority and the office of the governor to be held March 30 and 31 on Guam.

The conference titled “Realigning in a Resurging Economy ” will begin at the Guam Marriott Resort & Spa following the chamber’s March general membership meeting.

Gerald S.A. Perez administrator at the authority announced the conference at the regular meeting of the board of directors on Feb. 9. He said the topics at the conference will cover “Where we were with the economy; where we are with the economy and where we are going with the economy.”

Perez said GEDCA did a straw survey at the beginning of the year with a select group of authority contacts and chamber members on the growth they are experiencing now and what they were experiencing two to three years ago. “What we found is pretty promising and we want to talk about it on a larger scale.”

The conference will also focus on how to realign business in a resurging economy including breakout sessions that will concentrate on the two main drivers of the economy — the military and tourism.

“Following those discussions we will get into the real meat of the conference which is where we go from here ” Perez said. “We expect that discussions will arise concerning the state of Guam’s infrastructure and the impediments to business growth that it is causing.”

Other breakout sessions being considered for inclusion in the conference include breaking down the barriers; economic and statistical data platforms; work force development; work force environment and government services; financing and business services; and discussions of emerging industries that GEDCA is involved with and exploring.

“GEDCA is planning to present three reports that were funded with Department of Interior grants on new industries and initiatives that we are looking at in the area of regional distribution regional back office support centers and the growing captive insurance and Guam-based trust industry ” Perez said.

The conference target audience is owners and top management of Guam’s private sector. He said “We will have panels with economists and leaders of the business community."

Details are being finalized between the governor’s office GEDCA and the Chamber of Commerce. MBJ