28 Jun 2012

American Samoa's Tulafono calls for expansion of development credits

10:50 am on 28 June 2012

The American Samoa Governor, Togiola Tulafono, is still pressing Congress to consider applying economic development credits now available to the canneries to all new United States investments in American Samoa.

The governor explained on his radio program that the territory needs this in order to attract other investments from US industries, other than the canneries.

The governor made the request to extend the economic development credit for all qualified businesses in the territory in a recent letter to the chairman of the Senate Finance Committee Max Bauccus and Ranking Committee Member Orrin Hatch.

He says he has also suggested to the State Department that the United States use the same credit incentives as part of its US aid package for Samoa.

Togiola says he informed the Secretary of State that American Samoa would benefit if tax credits are extended to US companies that invest in Samoa.