In 1492 the Islands of the Bahamas were discovered, since then it continues to attract numerous visitors and those who wish to call it home. The Bahamas' second most populated island, Grand Bahama, has become residence to many Bahamians, visitors, and investors.

Grand Bahama Island is located just 65 miles or a 30 minute flight, from the south eastern coastline of the U.S. It is the closest Caribbean island to Florida.

In 1955 the enactment of the Hawksbill Creek Agreement (HCA), between the Government of the Bahamas and real estate developer – Wallace Groves, saw the establishment of The Grand Bahama Port Authority, Limited (GBPA). This private company, through the HCA, received tax and duty concessions to develop and regulate the city of Freeport, comprising 230 square miles, known as the “Port Area”. Its municipal responsibilities includes: business license approvals, building & sanitary code compliance, town planning & regulation, environmental compliance, city management & maintenance. The term of the HCA is for ninety-nine (99) years, expiring in 2054.