Building The Economy Of The Orange Sector

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NASSAU, BAHAMAS – For decades, the entertainment industry has shown a strong presence in the country, however it can be taken for granted the economic impact the industry holds.

Recently the Office of the Prime Minister and the Ministry of Education announced a new tertiary institution that plans to bring a significant impact to the orange economy.

Set to open in September of this year, the Creative and Performing Arts School aims to help establish a sustainable orange economy here in The Bahamas.

Known as CAPAS, the institution will be located on Gladstone in the Old Phil’s building.

Project lead, Ian Poitier, shares that one of the key focuses will be on teaching the economics behind the sector.

Ian Poitier – Project Lead of the Creative and Performing Arts School

“It’s called an economy which means there’s some kind of economic sector and that means basic economic structure you’ve got supply and demand on the demand side we’ve got let’s say ten million tourist coming here a year for the sake of argument. So there’s a market there where we know say up to ten million people could up to there about could buy creative products or services we need the supply to match that and if you look at the value chain for any industry but the creative industry you need to have a through put of talent so what does that mean you need a level of skill and training that’s the beginning.”

CAPAS will be partnering with United Talent Agency, a global talent, sports, entertainment and advisory company.

Together, the goal is to educate students on the business aspect of the industry while refining their talents to create a lucrative orange economy.

Ian Poitier – Project Lead of the Creative and Performing Arts School

“We don’t know everything that will come out of this but some of the things governments can certainly stimulate will be a major economic stimulator to the sector so the thought is to build a center for the performing arts full time professional center and to have resident companies so a acting company a dance company and some sort music company those are viable businesses they will perform and have residencies there doing a variety of work but they will also tour international they’ll become living billboards for our tourism industry.”

As it relates to tuition for Bahamians students, Poitier says it will be free to Bahamians.