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Economic Development

To stimulate & diversify American Samoa’s economy by facilitating business development & financing, providing technical assistance & promoting commerce & industry.

Economic Development Division (EDD) has as its primary goals the stimulation and diversification of American Samoa’s economy; the promotion of exports and replacement of imports with local products; and creation of new and better employment opportunities throughout the Territory. It shall be the overall function of EDD to advance the implementation of economic development policies, goals, and objectives inherent in the strengthening and expansion of the local business sector; increasing export earnings by attracting foreign capital investment in manufacturing and processing; creating economic surplus by expanding the economic contributions of tourism, fisheries, agriculture and telecommunications; and increasing the multiplier effect of every federal dollar entering the territory. The EDD assumes a very important function due to its implications on the entire territory.

Included in these efforts are the attraction of new industry and expansion of present industries in the Territory. Four basic programs are carried out to achieve these goals: small business technical assistance program; small business information assistance service program; small business financial assistance program; small business awareness and referral service program. EDD also maintains a significant role in the formulation of Territory policies, plans and strategies to meet current issues and problems related to the social, economic and environmental concerns.

Furthermore, the EDD is to enhance the economic development of the Territory by providing plans, analyses and policy recommendations on economic issues; by conducting basic research into the economy of the Territory; and by compiling, interpreting statistics on a wide range of business activities as well as other economic sectors of the Territory. The responsibility for promotion and management of the Senator Inouye Industrial Park lies within the EDD. In addition, EDD works in conjunction with the U.S. Department of Commerce, Economic Development Administration (EDA) to fund public infrastructure project to lay the groundwork for economic expansion. Moreover, EDD is responsible for administering, processing and enforcement of business licensing, regulations and laws in the Territory.

Permanent link to this article: http://doc.as.gov/economic-development/

2015 Minimum Wage Poster (FLSA)

Fair Labor Standards Act (FLSA) Minimum Wage Poster The Fair Labor Standards Act requires that all businesses with employees post up the minimum wage poster in a visible place for employees. Download a copy of the minimum wage poster by clicking on the link below. Federal Minimum Wage in American Samoa (as of September 30, …

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Business

“To stimulate, foster & promote business development by formulating plans & policies; administering business licensing; facilitating business financing & providing technical assistance.” “To recruit & manage viable business, economic development & financial activities in the industrial park & other government lands.” Whether you are looking to start a new business or would like to learn …

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Commerce Commission

The Commerce Commission regulates commercial vehicles in the territory. It sets bus and taxi fares, sets safety standards for all commercial vehicles, and issues Certificates of Convenience and Necessity for operators of commercial vehicles. The Commission operates under Title 19 of the Code Annotated, and the same title in the Administrative Code. Governor Lolo Moliga …

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Marketplace

The new marketplace is aimed at several important needs that go beyond its original purpose to serve our local farmers.  New objectives include the need: To expand the variety and amount of local products that our farms and plantations can bring to us; To develop a regulated place for our local fishermen to easily reach …

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Tafuna Industrial Park

The development of the Tafuna Industrial Park (TIP), respectfully known as “Senator Daniel K. Inouye” Industrial Park, was conceived out of the desire of the American Samoa Government to diversify its economic base and reduce its reliance on the Federal Government for financial support. The American Samoa Government, through the Department of Commerce and its …

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