George Town, town (1989 pop. 12,921), capital and administrative center of the Cayman Islands, in the West Indies. A major offshore banking and business center, it is the site of several hundred banks. In addition, many companies have subsidiaries there because of the substantial tax advantages. Tourism, including skin diving and duty-free shopping, is also economically important.
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Publication information: Article title: George Town. Encyclopedia title: The Columbia Encyclopedia, 6th ed.. © 2012 The Columbia Electronic Encyclopedia © 2012, Columbia University Press. Licensed from Columbia University Press. Used with the permission of Columbia University Press. All Rights Reserved. Publisher: The Columbia University Press. Place of publication: Not available. Publication year: 2013.
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