Guam § 1402 - Description.

§ 1402. Description.

(a) The Program is intended to serve as a business incubator for those businesses offering products

that are made on Guam and which display the Guam Product Seal. Products that are not made on Guam are

not eligible for this Program. The Executive Manager shall ensure that the products being offered by

Program participants do not infringe on the master concessionaire agreement for exclusive products, and

that the master concessionaire does not infringe on products being offered by businesses in the Program.

The Program is designed to provide incentives to participate including, but not limited to, up to two (2)

years of reduced business licensing fees as an incentive to participating businesses. In addition, the

Executive Manager shall designate floor space within the Antonio B. Won Pat Guam International Air

Terminal for use by Program participants and, to the extent allowable, shall charge the lowest possible

percentage of gross sales for up to two (2) years and may charge a graduated rate as a percentage of gross

sales after the two (2) year period, not to exceed ten percent (10%), in lieu of a charge per square foot, for

lease or use of space. The Executive Manager may reduce or waive any other charges that may be imposed

on each participating business.

(b) The Authority is urged to make available to each vendor a kiosk display area that showcases the

Chamorro culture, such as a kiosk designed in the form of the karetan carabao, and the use of indigenous

materials in the branding of each vendor’s display area. The Authority shall collaborate with the Department

of Chamorro Affairs and shall collaborate with the Guam Visitors Bureau to assist with the branding of the

vendors’ display areas, and to ensure a quality image is portrayed to both visitors and residents utilizing the

terminal facilities. The Authority may seek financial assistance from the Guam Visitors Bureau in the

procurement of the display areas and the materials to be used in the branding of these areas. The Authority

and the Guam Economic Development Authority shall establish a grant program for businesses

participating in the incubator program.