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CDA to celebrate their 30th anniversary next year
The Commonwealth Development Authority will be celebrating its 30th anniversary in March and plans are being mapped out this early on how the agency will mark this milestone.
During their last two board meetings, CDA has been discussing plans on how they will celebrate the occasion as well as educate the public on their various programs.
In last Friday’s meeting, loan manager Oscar Camacho shared with board members that they will do day events on Tinian and Rota, while a three-day celebration will be held on Saipan.
Camacho said they are thinking of featuring their clients under the microloan program, State Small Business Credit Initiative, as well as feature a model borrower from CDA.
An auction of CDA’s foreclosed assets and properties is also being looked at.
He added that they have been in talks with the Saipan Chamber of Commerce regarding a profit mastery program.
During their meeting last month, board chair Diego Songao noted that the profit mastery program is a good idea to gain the interest of the public.
“We have to make our CDA anniversary more interesting, and incorporating that activity into it would be more interesting,” Songao said.
Director Ignacio L. Perez noted that a budget of $20,000 was already approved for their anniversary project.
CDA was established through Public Law 4-49 signed by Gov. Pedro Tenorio on May 31, 1985. Its functions are carried out by two divisions: the Development Banking Division and the Development Corporation Division.
