Senator James Moylan has introduced Bill 217-35 (COR) which seeks to establish a commercial drone industry on Guam.
In drafting the bill, Moylan cited the Federal Aviation Administration (FAA) forecast which noted that the market for the commercial drones industry is growing faster than anticipated, and could triple between now and 2023. This while the market for non-commercial drones appears to be slowing down.
The senator pointed out that commercial drones are now used in a variety of industries including construction, agriculture, survey engineering, utilities and telecommunications. And with Marine relocation to Guam and the military buildup on island, Moylan said the opportunities to attract such entities to seek commerce activity on island has never been more ideal.
To attract these types of companies to Guam, the senator is proposing that the Qualifying
Certificate program offered by the Guam Economic Development Authority (GEDA) be offered to qualified companies in order to attract them to invest on Guam and assure that job creation and other community contributions are prioritized.
Moylan stressed that the commercial drone industry is now more than just about providing drones for aerial views, it has evolved into training, aviation, logistics, transportation, research and encompasses many other industries.
He said entities are setting up operations on a regional basis to enhance training and manufacturing and Guam’s ideal location in the region may attract such businesses to invest in Guam’s economy and set up offices on island.