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AGP Executive Report

Last update: 10 hours ago

Business & Community Grants: GEDA opened Series 9 of its Qualifying Certificate Community Contributions Program, making up to $15,000 available for 19 village mayor offices and totaling $285,000 in direct grants for healthcare, public safety, economic development, higher education and cultural preservation. Local Economy & Tourism: The Association of Pacific Ports held its 112th annual conference on Guam, with port leaders stressing that port readiness underpins both regional trade and military posture. Hospitality & Real Estate: Pacific Star Resort & Spa’s new owner Eastern Contractors says renovations are targeting an October start, with an estimated $60M in upgrades and a projected finish in the second quarter of 2028. Infrastructure & Utilities: CCU approved Guam Waterworks Authority’s request to pursue up to $110M in bond borrowing to fund water and sewer improvements and help meet EPA-related requirements. Workforce Development: Guam’s Department of Labor received a $609,335 federal grant to expand apprenticeship training, aiming to grow the award to $1.8M over three years. Retail & Dining Growth: New businesses are opening across Guam, including Krave Kitchen in Dededo, as operators navigate food inflation, labor costs and supply chain headwinds. Banking: SC First Bank launched a Korean Air Mileage Deposit with base rates up to 3.65% for time deposits, plus mileage and ticket promos. Public Safety & Compliance: A bill would restrict unauthorized drone flights near Port Authority of Guam critical infrastructure, with misdemeanor and felony penalties depending on intent and actions. Elections & Governance: Gov. Lou Leon Guerrero vetoed the FY2027 budget bill, citing a business privilege tax rollback cut that would reduce revenues without a replacement plan, and transmitted a revised balanced budget keeping the 4% BPT rate.

Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.

AGP Wire

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Jul. 27, 2026

1st Capital Group expands foreign national DSCR financing

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Jun. 16, 2026

RVRN Wheels report details order, shipping and warranty process

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Ten Jurisdictions Complete the Inaugural Administration of the NextGen Uniform Bar Examination

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The helicopter always left the ship first. Burrows finally followed it.

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Jul. 27, 2026

1st Capital Group Announces Expanded Foreign National DSCR Financing Through Correspondent Lending Channel

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Jul. 24, 2026

Federal Home Loan Bank of Des Moines Announces Second Quarter 2026 Financial Results, Declares Dividend

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Jul. 24, 2026

First Hawaiian, Inc. Reports Second Quarter 2026 Financial Results and Declares Dividend

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Jul. 15, 2026

Guam Guard works with Washington Guard to renovate fitness center

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