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Foreign holdings at issue in Delaware
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| Parent(s) |
Race
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| Contributor | RP |
| Last Edited | RP May 14, 2010 11:21am |
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| Category | General |
| Author | Sean J. Miller |
| News Date | Wednesday, May 12, 2010 11:00:00 AM UTC0:0 |
| Description | A wealthy Republican candidate’s investments in Jamaica have emerged as an issue in the race for Delaware’s open House seat just days before the state party’s endorsement convention.
Businesswoman Michele Rollins (R) heads Rose Hall Developments, which owns and develops property in Delaware and Jamaica.
Last year she wrote a letter to the editor of a Jamaican newspaper encouraging the government of the Caribbean island nation to develop its financial-services sector to compete with countries such as the Cayman Islands.
One of her main primary opponents, developer Glen Urquhart, says her advocacy is a sign of where Rollins’ “true loyalties lie: offshore and not in Delaware.”
“Delaware has banking interests; Jamaica has banking interests,” Urquhart told The Hill. “Would any of Mrs. Rollins’ Jamaican interests compete with Delaware’s major banking industry?
In her March 13, 2009, letter, Rollins wrote to the editor of the Jamaica Gleaner: “For many years, Jamaica has toyed with the idea of becoming an international financial centre like The Cayman Islands or Bermuda. We have watched our neighbours prosper from the international financial services industry while our economic growth languished. Now is the time for the idea to get further than the concept stage.” |
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