On-the-ground research conducted by a team of consultants in June 2004 has produced numerous business opportunities in the Pacific Islands and Virgin Islands for pearl companies. Please see a sample of some of the identified projects:
# Location Description
100 American Samoa Fish processing operations: ample supply of high-margin sashimi-grade for export
101 American Samoa Fish farming: tilapia & moi farming opportunities exist
102 FSM Fish processing: privatization of Pohnpei Fisheries Corp, facilities meet US FDA requirements
103 FSM Purse seining fishing: Carolina Fisheries Corp seeking $10-15 million investment for 3rd (1200 ton) boat
104 FSM Black pearl farming: operations reaching scale with 8,000+ harvest in '04, seeking partner for equity, distribution & marketing
105 FSM Giant clams (National Aquaculture Center): meat is a specialty item in restaurants & markets, shells and live specimens
106 Guam Fish farming: cat fish farming for export to the US
107 Palau Cultured clams & tropical fish for home aquariums; customers in North America already served
108 RMI Giant clam: numerous sources for giant clams and cultured clams for meat, shells and as live specimens for aquariums
109 RMI Black pearls: two developing black pearl companies interested in distribution candidates and possible partnering opp’s
110 RMI Fish Meal: local company has access to key ingredients wants partner with know-how to start local production
Facts about the islands:
- Guam, Saipan, Palau, Marshalls, Federated States of Micronesia, American Samoa, US Virgin Islands
- Many of the islands are close to East Asian countries and receive large numbers of tourists from China, Japan, Korea, Taiwan, etc. each year.
- The US Government is funding infrastructure development in many of the islands totaling $3.5 billion over the next 20 years.
- The islands are rich in ocean resources and numerous tropical resources.