The Executive Director of the Prince George’s County Economic Development Corporation (EDC) in the State of Maryland (USA) Jim Coleman, says his company will soon invest in the National Port Authority (NPA) with the aim to create more jobs for Liberians.
“I have a personal interest in helping to make Liberia’s economy thrive,” said Coleman, adding, “When I learned of my family’s direct connection to the very foundation of Liberia, I knew that there would be no better time for us to leverage our relationships and resources to find investment opportunities that will create jobs and rebuild a flourishing business environment in the NPA Community.”
Coleman spoke recently to a Liberian delegation in Maryland (MD) to cement previous agreements on how to further partnerships with businesses and industries on both sides of the Atlantic. He said the EDC is looking to share investment opportunities with Prince George’s County, specifically their vast port system. He noted that through passionate dialogue, it became apparent that a partnership between Prince George’s County and the NPA will have very fruitful returns for both sides.
Business mogul Coleman said the EDC will help Liberians with their resources to establish investment opportunities in the country.
The Liberian delegation included Gabriel Williams from the Liberian Embassy in the U.S; Gerald F.B. Cooper, Planning Chair with Marylanders for Progress (Liberia) Inc.; John G. Bestman, Chairman, NPA Board of Directors; David F. Williams, NPA Managing Director; and Barnabas Kasor, Executive Director for Ports and Harbor-Liberia.
Mr. Williams provided a detailed overview of the port system in Liberia and its value proposition for re-development.
“We are delighted to have been a part of today’s briefing as we discussed how we can create a linkage between the Prince George’s County EDC and the Port Authority of Liberia,” said Williams.
He added: “This is an exciting time for Liberia as a result of the renaissance that has taken place in the country as a whole, in particular the ports. We had a very interactive discussion about the port systems and how we can go about getting capital for some of the projects.”
He then expressed the hope to establish a committee to further discuss about collaborations to pursue their objectives.
He expressed gratitude to Mr. Coleman and his team for the fruitful discussion.
“Were are extremely interested in how the EDC and the U.S. can utilize its vast resources to bring foreign investors and better opportunities with key business owners to redevelop and diversify the ports of Liberia,” said Williams.
Williams also expressed how grateful he was to form part of the Liberian delegation to promote the idea that would result to forming a sister-state relationship between Maryland, Liberia and the Maryland in the U.S.
“I think the discussion we had today was quite interesting that we can build our future on. We hope to move forward with this program and shape other relationships with the help of the EDC. Together we can form a greater community for Prince George’s County and Liberia,” Mr. Williams said.
The Sister State Agreement was established in 2007 between Maryland County in Liberia and the State of Maryland to enhance cultural and historic understandings and cooperation to promote international trade between them, he said.
According to a press release, during their lively discussion, EDC Board Member Eric Henderson suggested that the group formally adopt a memorandum of understanding (MOU) that specifically identifies the most profitable investment opportunities in Liberia. With this document in hand, the EDC will be able to share Liberia’s value proposition in tandem with local investment opportunities.
The MOU will also create and complement the Sister State Agreement by stimulating the port economy and enhance the quality of Liberia’s imports.
The EDC, County of Baltimore and the Baltimore port leadership hosted the NPA delegations with the aim to cement the previous discussions.