Initially called the Grenada Industrial Development Corporation, the GIDC was established as a statutory body to stimulate, facilitate and encourage the establishment and development of industry.
On October 5, 2016, the Government of Grenada, through an Act of Parliament (Act No. 30 of 2016), gave GIDC its new name and mandate as an Economic Development Corporation. Now rebranded as the Grenada Investment Development Corporation, our primary responsibility is to promote and facilitate foreign and local investments in Grenada through a curated and specialised range of investment services to include policy advocacy on behalf of investor clients. The Corporation is also responsible for supporting the local MSME sector by fostering and facilitating new, emerging and existing Micro Small and Medium-sized Enterprises.
Today, the Corporation continues to be governed by a ten-member Board of Directors that includes a Chairman and a Deputy Chairman appointed by the Minister with responsibility for Finance.