Jobs, infrastructure and the continuing declonisation process were the main focus of a keynote speech by Guam's Governor, Eddie Calvo last night.
Mr Calvo, who is entering his second term as governor, says Guam's unemployment rate has continued to fall, currently sitting at 7 percent, and tourist numbers continue to rise, with 1.3 million visitors last year.
Setting his administration's course for the next four years, Mr Calvo says his main focus will be on growing Guam's economy by diversifying the tourism industry and increasing the number of foreign students at the island's university.
He says the US military buildup will bring about US$8 billion to Guam over the next decade, with millions of dollars being spent on infrastructure to support it.
Mr Calvo says he is also focusing on increasing Guam's housing stock, in particular social and emergency housing, and also plans to open more homeless shelters and a temporary home for foster children.
Mr Calvo announced plans to increase funding for civic education on the possibility of decolonisation for Guam.