population, local small- and medium-enterprises (SMEs), the government and state institutions, and academic sector. It has five financial services institutions: the Bank of Guam (BOG), the Bank of the Federated States of Micronesia (BFSM), Community Ayuw Services Credit Union, Western Union, and the FSM Development Bank. The State is now expected to be one of the fastest growing economies in the country as technological innovation is highly encouraged. Although the FSM communications industry is largely monopolized by the state-operated FSM Telecommunications Corporation based in Pohnpei, Yap saw the rise of the tech startup company iBoom when the company is expected to utilise the National Government's Digital FSM Project 2017 grant funding from the World Bank to connect each home, work office, etc. iBoom is expected to challenge previous monopoly of the FSM Telecom Corporation through competitive pricing and services. Transportation Yap International Airport receives service from United Airlines as well as Pacific Mission Aviation. The state also has a small dockyard, colloquially known as Gampek, in Colonia just south of Tamil Harbor that services maritime vessels for inter-state and cross-border transport and freight. Education Post-secondary institutions: College of Micronesia-FSM Yap Campus in Rull FSM Fisheries and Maritime Institute in Gagil State secondary schools: Yap High School in Colonia Woleai High School in Woleai Outer Islands High School in Ulithi Private Secondary and Elementary Schools: Yap Catholic High School in Lamer village, Rull Saint Mary's School in Colonia Yap Seventh Day Adventist School in Tamil Faith Christian Academy in Makiy, Gagil Yap International Christian School in Gaanelay, Rull Notable people John Mangefel: FSM Founding Father; First State Governor Petrus Tun: FSM Founding Father; first FSM Vice President; Second State Governor Jennifer Chieng: Boxer and mixed martial artist (MMA) Larry Raigetal: Master navigator Lubuw Falanruw: Founder of tech startup iBoom; technology entrepreneur Bartola Garrido: Chamorrita interpreter during the Spanish colonial period Anna Falgog: founder Yap Women's Association See also Federated States of Micronesia Habele, a South Carolina–based charitable organization providing private economic educational assistance in Yap History of the Federated States of Micronesia. References External links The Official Government Website for the Island of Yap Federated States of Micronesia – Yap, Chuuk, Pohnpei, Kosrae BBC Statistics on buildings, population; Source: Statistics Section, Office of Planning and Budget, Yap State United States of America and Japan – Treaty concerning the Yap Island and the other islands under mandate, situated in the Pacific North