Top 10 Companies in Guam

Top 10 Companies in Guam: Driving Economic Growth and Innovation

Guam, a U.S. territory located in the western Pacific, boasts a vibrant and diverse economy. The island is home to a range of industries, including tourism, financial services, and manufacturing. This article explores the top 10 companies in Guam, highlighting their key industries, market influence, and notable achievements.

1. Guam International Airport Authority (GIAA)

• Industry: Transportation
• Market Influence: Controls Guam’s largest airport, Antonio B. Won Pat International Airport, which serves as a major hub for air travel in the region.
• Notable Achievements: Facilitated the construction of a new passenger terminal in 2018, enhancing airport capacity and improving passenger experience.

2. Guam Memorial Hospital Authority (GMHA)

• Industry: Healthcare
• Market Influence: Provides comprehensive healthcare services to the island’s residents, including hospital care, emergency services, and specialized medical treatments.
• Notable Achievements: Established a dedicated COVID-19 testing and treatment facility, playing a critical role in the island’s pandemic response.

3. Bank of Guam (BOG)

• Industry: Financial Services
• Market Influence: The largest bank in Guam, offering a full range of banking services, including retail banking, commercial lending, and wealth management.
• Notable Achievements: Recognized as the “Best Bank in Guam” by World Finance for multiple consecutive years.

4. Guam Power Authority (GPA)

• Industry: Utilities
• Market Influence: Provides electricity to the majority of Guam’s population and businesses.
• Notable Achievements: Implemented a solar energy program to reduce reliance on fossil fuels and promote sustainable energy practices.

5. Pacific Islands Club (PIC)

• Industry: Tourism
• Market Influence: Operates a luxury resort complex on Tumon Bay, offering hotel accommodations, restaurants, and recreational amenities.
• Notable Achievements: Received the “Best Resort on Guam” award from Tripadvisor in 2022.

6. Guam Economic Development Authority (GEDA)

• Industry: Economic Development
• Market Influence: Supports economic growth and diversification by providing financial assistance, incentives, and training programs to businesses.
• Notable Achievements: Assisted in the establishment of several new businesses in Guam, including IT and manufacturing companies.

7. Guam Regional Medical City (GRMC)

• Industry: Healthcare
• Market Influence: A state-of-the-art medical facility offering specialized healthcare services, including cancer treatment, heart surgery, and critical care.
• Notable Achievements: Established a partnership with Mayo Clinic to enhance medical expertise and access to advanced treatments.

8. Guam International Raceway (GIR)

• Industry: Sports and Entertainment
• Market Influence: Hosts motorsport events, including drag racing and road racing, attracting visitors from around the region.
• Notable Achievements: Recognized as one of the top drag racing tracks in Asia by the National Hot Rod Association (NHRA).

9. Guam Shipyard (GYS)

• Industry: Shipbuilding and Repair
• Market Influence: Provides ship repair and maintenance services to vessels operating in the Pacific region.
• Notable Achievements: Completed major repairs and upgrades on U.S. Navy vessels, including aircraft carriers and submarines.

10. Calvo’s SelectCare Insurance (CSI)

• Industry: Insurance
• Market Influence: Offers a range of insurance products, including health, life, and property insurance, to Guam residents and businesses.
• Notable Achievements: Awarded the “Insurance Company of the Year” award by the Guam Business Magazine in 2021.

These top 10 companies play a pivotal role in Guam’s economy, contributing to its growth, innovation, and quality of life. They provide essential services, drive investment, and create employment opportunities, positioning Guam as a vibrant and dynamic business hub in the Pacific region.