VP Jagdeo announces 2 major economic hubs for Region 2

– geared to reduce reliance on traditional sectors

Vice President (VP) Bharrat Jagdeo has announced plans for the establishment of two major economic hubs in Region Two (Pomeroon-Supenaam), aimed at creating new employment opportunities, fostering entrepreneurship, and transforming the regional economy into one that is more self-sustaining and diversified.

During an outreach with young people at the Bush Lot Market Tarmac, VP Jagdeo explained that the Government is moving ahead with initiatives designed not just for short-term relief, but long-term prosperity.
Central to this vision are the two hubs—one geared towards innovation, and the other focused on diversification—both of which are expected to attract private investment and provide a platform for young people to develop and market their skills and products, locally and internationally.
He explained that the innovation hub will serve as a centre for new ideas, digital entrepreneurship, and technological advancement, while the diversification hub will focus on supporting agro-processing, value-added production, and emerging industries in the region. The intention is to reduce reliance on traditional sectors, by opening avenues for economic expansion in non-traditional areas.
“So like here in this region, we have to generate more employment… so massive investment in incentives to attract investments to the region. There will be two new major hubs created in this region: one for innovation and another one to promote diversification. So these will be two major hubs, well resourced, so we can generate a whole series of employment opportunities for young people in the region, where they don’t have to leave to find good-paying jobs. And that’s the next term in office, which hopefully will start before the end of the year,” the VP stated.
The VP noted that these hubs will be well-resourced and backed by incentives to attract business activity. He added that they are part of a broader push to decentralise development and ensure that young people in rural regions no longer have to migrate to the coast or capital city in search of meaningful employment.

Additionally, he highlighted that with the necessary infrastructure being built out simultaneously, including better roads, lighting, healthcare, and educational facilities, the region will be better positioned to support this transformation.
He also reminded the audience that strategic investments like these are crucial to maintaining the sustainability of Guyana’s economy, especially at a time when oil prices are fluctuating. He made it clear that the Government is not waiting on election cycles to act but is guided by a long-standing development agenda focused on safeguarding Guyana’s future.
“We’re not waiting for elections to be announced, because we are a political party that has a long history of sustainable planning. When we took Guyana from the PNC, we were bankrupt before oil. Because of hard work, we made it into one of the most dynamic economies in the world… So people sometimes think the money would always be there. And if you listen to the opposition, they don’t talk about creating wealth. They only talk about distribution of wealth,” the VP noted.
In addressing the role of youth in this new phase of development, Dr Jagdeo encouraged those present to equip themselves with the skills necessary to thrive in a modern economy.
He underscored that the digital society being constructed will require new talents and will open the door for service-based roles that never existed before in the region.
“Our next term will focus on empowering young people through access to land, jobs, education, and healthcare,” the VP said, adding that the innovation and diversification hubs are just two of several major projects to be outlined in the People’s Progressive Party/Civic (PPP/C)’s upcoming manifesto.