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http://www.imperialpacific.com/en/ip-resort-hotel-saipan
Imperial Pacific Resort
Hotel,
continues to generate much needed economic activity
for the Northern Marianas
and provides for additional revenues and resources
that pays
critical government services and obligations.
The Hong Kong-based investment giant
is also being credited for diversifying the local
employment landscape.
There is already a sense of optimism
among residents as a result of a revived economy.
In the nearly three years on Saipan, the multimillion-dollar investment of
IPI
has opened up job opportunities to those that are
considering careers
in the casino-resort industry.
Never before that such number of
skills development, professional development,
training programs and seminars have been made available locally.
These are to cater to dozens of new job positions
that are now available
within the casino-resort flagship investment of the Hong Kong-based
company.
IPI’s presence helped lift the NMI government’s
challenge
to rebuild the local employment sector.
Since 2014, the number of local/U.S.
residents employed by Imperial Pacific
continues to grow, as the company remains the
largest private employment source
for both residents and foreign workers.
There are now about 1,800 employees
working for the casino-resort company.
These are retirees, new graduates, residents and foreign workers.
The foreign workers are EAD, H-1B, E3 and CW1
holders.
The payroll withholding taxes paid by
these workers alone have already yielded
the local economy $8 million in additional revenue at the end
of the second quarter of this year.
In total, Imperial Pacific has poured
in over
$700 million in combined investments ($500 million
in construction)
and taxes and fees (over $200 million).
This is by far the single largest revenue/economic
source for the local economy
since the departure of the garment industry nearly
20 years ago.
As a result of these investments,
public services, in particular,
the NMI government’s pension liability has also
received much-needed reprieve.
In 2013, a U.S. district court
approved a settlement agreement
with the NMI government’s pension plan, which applied for bankruptcy in
2012.
Two years later, when Imperial Pacific decided to
invest on Saipan,
the $25 million casino licensee fees was tapped to restore the 25 percent
reduction
of the retirees benefits and beneficiaries pensions.
There are over 3,000 NMI retirees
that have benefited from Imperial Pacific’s
contributions.
Meanwhile, Imperial Pacific is
aggressively recruiting locally for more workers
who are willing to join and be part of an exciting new industry.
Over the past month,
recruitment fairs were held on Saipan, Rota, Tinian,
Guam,
Ponhpei, Majuro, Hawaii, Las Vegas, New York and
Puerto Rico.
In addition, it has partnered with
colleges, universities and trade schools on Saipan
and the mainland U.S. for internship programs that
Imperial Pacific have made available.
Job hiring announcements are also
available on Imperial Pacific’s website,
www.imperialpaccareer.com,
local newspapers, the websites for the CNMI, Hawaii, Guam and Puerto
Rico’s
Department of Labor, and on the website Monster
Jobs. ###
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