Election hopefuls urged for a dialogue with businessmen

Candidates seeking election in 2001 should open a dialogue with the business community to see how they can help nurture and grow existing CNMI companies, regardless of whether some might label such activity as serving “special interests.”

A priority in fixing the ailing local economy should be to help companies that have already demonstrated a commitment to the islands.

These sentiments were expressed by Tan Holdings Corporation President Willie Tan in response to a newspaper article quoting Republican Party Chairman Joseph Reyes, who insinuated special interest motives behind the formation of the new Covenant Party.

The new political party was launched on Covenant Day, March 24 by gubernatorial candidate, House Speaker Benigno R. Fitial.

“It would be short-sighted of anyone to use a candidate’s business experience, knowledge and contacts against them. The opposite should be true: because of his substantial background in business and government, we’re fortunate that Speaker Fitial recognizes that improving our economy and restoring a healthy business climate is a top campaign issue. It’s the first answer to improving the quality of life for everyone who lives here,” said Mr. Tan.

“The truth is that since Ben decided to go back into public service two years ago, he’s had nothing to do with our operations. We lost one of our best managers, but our loss was really the island’s gain,” he said.

The business executive went on to say that he hoped all candidates would look to the private sector for an open partnership. “The party heads and candidates should be talking and working with those that have invested a great deal here. We’ll offer them our best ideas. With the economy as bad as it is, our elected leaders need all the help they can get to recreate a climate where businesses can expand, bring in more revenue and create better jobs for the people.”

Mr. Tan offered an opportunity for any candidate from any party to meet with executives from the various Tan Holdings businesses, which would be happy to make themselves available to any political party.

Additionally, they should look to other companies that have made substantial investments in the CNMI, such as Japan Airlines, DFS, Hyatt Regency, Tinian Dynasty, Coca-Cola, Bank of Guam, HSBC, Verizon and numerous others.

“The community should judge candidates by what they can do for the islands,” said Mr. Tan. “Tan Holdings will work all elected officials, regardless of party affiliation. We’re committed to being here for the long-term and are ready to invest more if the investment climate is right.”

Headquartered on Saipan, but also doing business in Guam and throughout Micronesia, Tan Holdings Corporation is a $200 million company with diverse business interests.

The company employs more than 3,500 people in the CNMI and will contribute $26 million in taxes and other payments to the government in 2001.

It also pumps into the economy another $50 million annually in payment for goods and services, including payroll. Over the past few years, the company has given out more than $1.5 million to community projects.