OFFSETTING THE "BRAIN DRAIN"
“Talent is everything … Puerto Rico’s number one export is really smart people. We’ve had a brain drain challenge historically. And I think now the island is in a unique position to gain many of those folks back because of the new investments we’re seeing on the island as well as the assets we’re continuing to develop on the island.”
Rodrick T. Miller
CEO, Invest Puerto Rico
FEDERAL INVESTMENTS DRIVING GROWTH
“This is a historic amount of money … That investment money is coming in from these federal agencies not just to rebuild back the way it used to be, but to rebuild better. So Puerto Rico has the historic opportunity to become the leader in resiliency and climate change in the 21st century. Because with all this money coming in, there’s an opportunity now to rebuild the infrastructure of the future.”
Madhu Beriwal
Founder, President & CEO, IEM
AN EMERGING TALENT HUB
“Because of the various incentive programs that are here, there’s been an enormous influx of very talented and very smart people … I think the thing we will discover five or 10 years from now is that Puerto Rico has become an intellectual hub for certain sectors of the financial services business, blockchain being a big one.”
J. Robert Collins, Jr.
Chairman & CEO, Mercantile Bank International
LOWER COST,
HIGH INNOVATION
Ricardo Zayas
COO, OcyonBio
“Wages in Puerto Rico are typically lower than the U.S. because the cost of living is also lower [which is advantageous when starting a business]. Wages are very competitive for us. That’s one of the reasons we’re able to build facilities, attract people, start facilities up at a lower cost than the U.S.”
