24 Dec 2014

American Samoa upbeat on economy for 2015

4:53 pm on 24 December 2014

With a multi million dollar investment in a new cannery, as well as Government-supported economic initiatives, the American Samoa Chamber of Commerce is banking on a better economy for 2015.

The private sector has been concerned with the lack of new major investments in jobs, while the Governor, Lolo Matalasi Moliga, is working to boost the territory's sluggish economy and create more jobs.

Tri Marine International is set to be launched next month, with a new state of the art cannery at its Samoa Tuna Processors facility in Pago Pago, hiring 1,500 employees.

The company has invested $70 million in the new cannery and is the first major investment in the territory over the past years.

The Chairman of the Chamber of Commerce, David Robinson, says the private sector is hopeful there will be more disposable incomes and more local spending next year.