BAIC’s Freeport Office oversees all initiatives undertaken by the Corporation on the island of Grand Bahama. The Corporation has granted a long-term lease of approximately 828 acres of land with an Administrative Building in Freeport to Statoil Hydro ASA which is located at South Riding Point. Currently, this venture is one of the Corporation’s major revenue generators.

During 2010, BAIC in conjunction with the Grand Bahama Port Authority has collaborated to construct and open the Grand Bahama Arts & Craft Centre which will be a great addition to the tourism product. It will facilitate the training of locals in the art of straw, shell, coconut crafts and will additionally assist them in the marketing and distribution of their handiwork.