Editing Economy of Montserrat (section)

== New Town ==
The Montserrat Development Corporation was an entity founded by the [[Government of Montserrat]] and the [[Department for International Development]] in 2008. The company's primary mandate was to help foster [[private sector]] investment and development on the island. The company had announced plans to develop the [[new town]] of [[Little Bay, Montserrat|Little Bay]] on the northwest coast of Montserrat between [[Brades]] and [[Davy Hill]], however an internal audit of the company in 2015 led to the company's [[dissolution (law)|dissolution]].<ref>{{cite web|url=https://www.themontserratreporter.com/mdc-shut-down-montserrat-back-five-years/|title=MDC ‘shut down’ Set Montserrat Back five years|first=Bennette|last=Roach|website=Themontserratreporter.com|access-date=28 April 2019}}</ref> The audit revealed that the company was not being prudent with the government's funds.

Slated for completion by 2020, the new town will be the new focus of tourism, trade and housing and will also house the seat of government.<ref>Montserrat Development Corporation, [http://searchmontserrat.com/montserrat/new-town-development/ New Town Development] {{Webarchive|url=https://web.archive.org/web/20110310072213/http://searchmontserrat.com/montserrat/new-town-development/ |date=2011-03-10 }}</ref>