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Building Guam

Will Hawaii profit from the boom?

(page 3 of 3)

Hawaii companies are already taking advantage of the Guam buildup. “We’re getting calls from customers almost every day,” says Ray Ono, vice chairman of First Hawaiian Bank. “They’re hearing more and more about the potential in Guam, and they’re calling for information, just trying to validate what they’ve been hearing elsewhere. They’re doing their due diligence, calling their banker – who happens to have a stable operation in Guam and has been there nearly 40 years.”

“We have some old hands here in terms of Guam experience,” says Dean Robb, an attorney at Carlsmith Ball. Robb himself has been working in Guam since the 1970s. “And, if you walk down our halls,” he says, “there are probably seven or eight lawyers here who also practice in Guam.” Perhaps more importantly, the Guam office of Carlsmith Ball is staffed almost entirely with local Chamorro attorneys.

Investing in Guam

For small companies that take the time to learn about the community, a whole new class of opportunities arises – opportunities that have less to do with the buildup and more to do with the development that it causes. Companies like PEMCO or Commercial Roofing and Waterproofing may have gone to Guam to pursue military or government work, but, in the end, they’ve invested in Guam itself. John Yamamoto, president of PEMCO, notes that, in addition to his company’s bread and butter, managing foreclosed properties for HUD, they now have a joint venture with a landowner in Guam, investing millions of dollars in housing in anticipation of the island’s growth.

CRW has taken a similar path. “We’re making money,” says company president Guy Akasaki, “because we have some military projects.” But he proudly notes that the centerpiece of his company’s investment in Guam is 12 acres it has purchased in the industrial area of Harmon. This kind of site will be critical when contractors need staging areas for their immense projects.

First Hawaiian chairman Don Horner, who’s long had an interest in Guam, has the same view. He notes that much of First Hawaiian’s success there comes from treating Guam not like some foreign adventure, but like a Neighbor Island. He points out that you can get all the services of the Bishop Street headquarters at any Guam branch. And he uses an interesting metaphor to advise small companies considering the move to Guam: “Remember, the cake is the island of Guam itself; the buildup is only the icing.”

Hawaii Business magazine invites you to comment on our articles and the issues they raise. Comments are moderated for offensive language, commercial messages and off-topic posts and may be deleted. Some comments may be chosen for inclusion in the magazine on the Feedback page.

Old to new | New to old
Oct 28, 2009 05:22 pm
 Posted by  findfitz

How do I find out about job opportunities for the Guam expansion. I am a certified inspector and would like to inquire about employment possibilities. Thank you

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Jan 7, 2010 06:39 pm
 Posted by  viv

When will the Guam project get into high gear?

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Mar 8, 2010 04:23 pm
 Posted by  ciddester

I am an HVAC technician with extensive experience in construction A/C. Are there any companies looking to employed for it? I been looking for months without any luck. Could you point me in the right direction?

This has been flagged
Mar 8, 2010 04:24 pm
 Posted by  ciddester

I am an HVAC technician with extensive experience in construction A/C. Are there any companies looking to employed for it? I been looking for months without any luck. Could you point me in the right direction?

This has been flagged
Nov 8, 2010 12:11 am
 Posted by  levi

Good day . I'm from the Philippines , willing to assign any job in your country. Have bachelors degree with background in engineering specialized in electrical. Holder of certificate in building wiring installation. Presently I trained as welder in shielded metal arc welding Smaw NC II, Plate and Pipe welding. As of now im working as construction worker specialized as steel fixer, electrician, and welder. Hope that you will consider me as one of the applicant. Thank you very much. God bless.

Jan 1, 2011 07:45 am
 Posted by  butch

good day i'm from the philippines i presently work in kuwait american base as HVAC Technician Sr.from 2005 to present my fenish contrac feb.2011 also have experience electrician, all type of welding work, car A/C,i certified EPA 609,608,HVAC/R R-410A,HVAC/R PM Tech.i willing to work in your country hope that you will consider me as one of the aplicant. thanks, rolly facun

Mar 23, 2011 12:34 pm
 Posted by  johnweld007

Dear Mr. Watts,

I owned welding training and testing institution in Manila, Philippines I am interested work with to support your projects
in your country if you need filipino welders we have large data base for welder in my country i am willing to personally visit you
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Mar 23, 2011 12:36 pm
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Feb 4, 2012 03:32 pm
 Posted by  bonie

mam/sir.. im an building electrician in the philippines and other countries.and i worked also in us base in afghanistan.if you can give me a chance i would like to worked again in us base,,,thank yuo and god bless

Jul 5, 2013 04:00 pm
 Posted by  DENNIS

To Whom It May Concern;

I am writing for the possibility of filling for any vacant position that I may apply for, in your company at this time or in the near future base on my qualities and experience preferably in the field construction and related job. I am an experienced Electrician and Engineer by professional who is skilled in electrical construction, electrical controls,apparatus,and electrical system designs of buildings and out-door/ in-door construction.Worked in GUAM construction b4.

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