Caribbean News Now!

About Us Contact Us

Countries/Territories

Jump to your country or territory of interest

Advertise with us

Reach our daily visitors from around the Caribbean and throughout the world. Click here for rates and placements.

Contribute

Submit news and opinion for publication

Subscribe

Click here to receive our daily regional news headlines by email.

Archives

Click here to browse our extensive archives going back to 2004

Also, for the convenience of our readers and the online community generally, we have reproduced the complete Caribbean Net News archives from 2004 to 2010 here.

Climate Change Watch

The Caribbean is especially vulnerable to rising sea levels brought about by global warming. Read the latest news and information here...

Follow Caribbean News Now on Twitter
Connect with Caribbean News Now on Linkedin



News from the Caribbean:


Back To Today's News

Puerto Rican economic development secretary highlights business opportunities for American Latinos
Published on August 8, 2014 Email To Friend    Print Version

SAN ANTONIO, USA -- Alberto Bacó Bagué, the secretary of Puerto Rico’s Department of Economic Development and Commerce (DDEC), closed a two-day American Latino National Summit on Wednesday by outlining the government’s plan for driving economic growth. The plan focuses on increasing employment by providing competitive advantages for international companies to operate and hire in the US commonwealth.

alberto_baco.jpg
Alberto Bacó Bagué
“Our top priority is to create opportunities that leverage our skilled and hard-working workforce,” Bacó said in the closing statement at the summit. “By creating a more diversified, knowledge-driven economy that meets the challenges of globalization, Puerto Rico will once again transform its business portfolio as it did successfully four decades ago with manufacturing.”

Addressing Latino leaders from government, business and education communities, Bacó discussed a vision for an economy that builds on proven pharma and bio industries and encourages IT, insurance, financial and tourism market expansion. He said Puerto Rico is in the midst of transitioning to a regional service- and high tech-industrial hub.

The American Latino National Summit featured discussions around education and economic policies that will improve the lives of all American citizens. Bacó stressed the importance of American Latinos seeking business opportunities that draw on their rich entrepreneurial spirit and to consider Puerto Rico as an opportunity to strengthen ties not only with the mainland US but also with South and Central America.

“We are a bilingual, bicultural bridge between North and South America, with first-class transportation infrastructure, an educated workforce and all of the legal protections of a US jurisdiction,” Bacó said.

He laid out the government’s strategy to revitalize Puerto Rico by stimulating job growth through driving the relocation and investments of international businesses, building on the success of companies that have called Puerto Rico home for years, such as Microsoft, HP and Amgen, while reducing government spending and tightening the budget.

Bacó closed his statement by describing Puerto Rico as a region in the process of reinvention and also as one of enormous opportunity, not only for Puerto Ricans, but for investors from the mainland.

“Our incentives are designed to generate investment and jobs in Puerto Rico.” Bacó went on to note, “this is an exciting time for the Latino community. The new economy is breaking down old barriers between North and South and creating new opportunities for those of us who understand both worlds.”

The Puerto Rico Department of Economic Development and Commerce (DDEC) is focused on achieving a more diversified, knowledge-based economy by leveraging Puerto Rico’s competitive strengths. Its five year economic development plan expects to create more than 130,000 jobs and $10-12 billion in incremental GDP by 2018.
 
Reads: 4623





Click here to receive daily news headlines from Caribbean News Now!



Back...

Comments:

No comments on this topic yet. Be the first one to submit a comment.

Back...

Send us your comments!  

Send us your comments on this article. All fields are required.

For your contribution to reach us, you must (a) provide a valid e-mail address and (b) click on the validation link that will be sent to the e-mail address you provide.  If the address is not valid or you don't click on the validation link, we will never see it!

Your Name:

Your Email:

(Validation required)

Comments:
Enter Code



Please note that, if you are using an AT&T domain email address, e.g. att.net, bellsouth.net, sbcglobal.net, the verification email will likely not be delivered. This is outside of our control and the only remedy seems to be for readers to complain to AT&T





Disclaimer
User comments posted on this website are the sole views and opinions of the comment author and are not representative of Caribbean News Now or its staff. Caribbean News Now accepts no liability and will not be held accountable for user comments.
Caribbean News Now reserves the right to remove, edit or censor any comments. Any content that is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will not be approved.
Before posting, please refer to our Terms of Use and Privacy Policy.



Other Headlines:



Regional Sports: