Well, the Bahamas could:
1.)- Exporting Business (addition to or expansion of on-site tourism trade):
> Agriculture (may be difficult for health and insect concerns) ,
> Beach clothing/sandals,
> Native music,
2.)- Major Convention Facilities (attached to new or existing hotels and restaurants),
3.)- Boat and Ship Building,
And...
4.)- Marine Biology and Fisheries Science (in partnership with one or more Universities).