1 INDEX PuertoRicoConferenceHistory PuertoRicoConference2010: - - PowerPoint PPT Presentation

1

2

INDEX

• Puerto
Rico
Conference
History
• Puerto
Rico
Conference
2010:
• When
and
Where
• Strategic
Alliance
with
Babson
College
• Why:
Entrepreneurship
for
Growth
• Main
Topics
• Members
of
the
PR
Conference
2010
CommiJee
• Puerto
Rico’s
Value
ProposiMon

3

Puerto
Rico
Conference
History




The
2006
PR
Conference
“Investment
for
Development” was
an
outstanding
success
for
the Puerto
Chamber
of
Commerce
and
its
first‐ever investment
conference
showcasing
the
advantages
that Puerto
Rico
has
to
offer
to
investors.

4

Puerto
Rico
Conference
History Puerto
Rico
Conference
2006

5

Puerto
Rico
Conference
History



Puerto
Rico
Conference
2006

6

Puerto
Rico
Conference
History



The
PR
Conference
2008
“Investment
for
Growth” was
the
most
significant
economic
event
the Puerto
Chamber
of
Commerce
celebrated
in
the Island.
Hundreds
of
domesMc
and
foreign
investors parMcipated
in
the
event.

7

Puerto
Rico
Conference
History Puerto
Rico
Conference
2008

8

Puerto
Rico
Conference
History Puerto
Rico
Conference
2008

9

Puerto
Rico
Conference
History Puerto
Rico
Conference
2008

10

11

When
and
Where




• Cocktail
and
VIP
Dinner:
• Tuesday
evening,
March
23,
2010
• PR
Conference
2010:
“Entrepreneurship
for
Growth”
• Wednesday,
March
24,
2010
• 7:30
AM
–
5:00
PM
• At
the
Conrad
San
Juan
Condado
Plaza
Hotel

12

Strategic
Alliance
with
Babson
College




• We
have
signed
an
MOU
with
Babson
College
to
form
a

Strategic
Alliance
to
promote
and
nurture
entrepreneurship
in Puerto
Rico.

• We
will
hold
press
conference
in
Babson's
College
in
Boston

to
announce
this
alliance
in
December;
Babson
will
provide their
faculty
and
contacts
to
aJract
parMcipants
to
our conference.

• Dr.
Daniel
Isenberg
will
be
designated
as
the
Vice‐Chairman
• f
the
PR
Conference
2010
and
Babson’s
President
Leonard
A.

Schlesinger
will
be
our
keynote
speaker.

13

PromoMng
Entrepreneurship

• Entrepreneurship
is
more
than
just
an
academic
discipline
at

Babson
‐
it's
a
way
of
life.

• ConnecMng
theory
with
pracMce
‐
they

infuse
entrepreneurship

educaMon
throughout
their
curricula and
cocurricular
acMviMes.

• The
skills
learned
through
their
entrepreneurship
programs

are
vital
to
the
success
of
any
business
–
large
or
small,
public
or private,
corporate
or
nonprofit,
local
or
global.

14

PromoMng
Entrepreneurship

There
are
two
centers
at
Babson
dedicated
to
conMnually advancing
insMtuMon's
work
in
entrepreneurship:

• The
Arthur
M.
Blank
Center
for
Entrepreneurship
at
Babson,

the
first
entrepreneurship
center
established
at
an
academic insMtuMon,
provides
resources
for
students
and
alumni,
and shares
applied
research
with
the
world.

• The
Lewis
InsMtute
extends
their
leadership
in
social

entrepreneurship,
examining
and
solving
global
problems through
entrepreneurship.

15

Main
Topics

• The
Economic
World
Stage
2010
Outlook
• The
Puerto
Rico
Investment
Climate
• Entrepreneurial
Thought,
and
AcMon
and
Economic
Development
• New
OpportuniMes
of
InvesMng
in
Puerto
Rico:
Outlining
the

Benefits
of
Local
Investment

• Manufacturing
and
Life
Science
Sector:
“Higher
Growth
and

Emerging
Industry
OpportuniMes”

• Health
Care
&
Insurance
Sector:
“Medical
Tourism
and
CapMve

Insurance,
Re‐Insurance”

16

Main
Topics

• Taking
Advantage
of
the
Public
Private
Partnerships
• Puerto
Rico’s
Global
CompeMMveness:
“Now
and
into
the

Future”

• Service
Sector:
“Puerto
Rico
as
an
Economy
of
ExporMng

Knowledge”

• Wholesale
&
Retail
Sector:
“A
Unique
Investment
Opportunity”
• Access
to
Capital:
“Venture
Capital,
Private
Equity,
Financing

and
Angel
InvesMng”

• Puerto
Rico
Leading
Entrepreneurs:
“Local
Success
Stories”

17

Strategic
Alliance
with
Babson
College



• Babson
College
will
parMcipate
in
the
promoMon,

planning
and
organizaMon
of
the
PR
Conference
2010

• 2‐4

faculty
members
to
serve
as
speakers
• MarkeMng
efforts
to
promote
the
PR
Conference

2010:

• Press
Conference
in
their
campus
• Thru
Email
communicaMons
to
Alumni
and
Faculty
• Allow
PRCC
to
use
of
its
name
for
promoMonal
purposes

18

Members
of
the
PR
Conference
2010
CommiJee

• Chairman,
Francisco
Rodriguez‐Castro

Managing
Director InsMtuMonal
&
Wealth
Management
Business
Development UBS
InternaMonal
&
Puerto
Rico

• Vice
Chairman,
Dr.
Daniel
J.
Isenberg

Professor
of
Management
PracMce Academic
Division
Entrepreneurship The
Arthur
M.
Blanck
Center
for
Entrepreneurship Babson
College

19

Members
of
the
PR
Conference
2010
CommiJee

• Product
Manager,
Sandra
González

Director
of
MarkeMng
&
Sales Puerto
Rico
Chamber
of
Commerce

• Finance
Director,
Francisco
S.
Cabrera

Director
of
AccounMng
&
Finance

Puerto Rico Chamber of Commerce

20

Members
of
the
PR
Conference
2010
CommiJee

• Luis
E.
GauMer
Lloveras,
Grupo
Ferré
Rangel/El
Nuevo
Día
• Bartolomé
Gamundi
• Edgardo
Fábregas,
Fábregas
&
Cintrón
Group,
Corp.
• Juan
Acosta,
CPA,
Acosta
&
Ramírez,
CSP
• Agnes
Suarez,
Carrión,
LafiJe
&
Casellas
• Lymaris
Otero,
4Strategic,
Inc.
• Cesar
A.
González,
Esq.,
Fiddler
González
&
Rodriguez,
PSC
• Jorge
Cañellas,
Esq.,
Ernst
&
Young
• Raúl
Bustamante,
Conrad
San
Juan
Condado
Plaza

21

Puerto
Rico’s
Value ProposiMon

21

22 22

Strong
FoundaMon
for
Economic
Growth

Solid
base
for
building
the
future
economy

• Puerto
Rico
already
possesses
many
enMcing
characterisMcs

for
aJracMng
new
investment:

• Benefits
Under
U.S.
JurisdicMon/
Laws
• Advantageous
Tax
and
Cost
Structure
• Favorable
LocaMon
and
Demographics
• Life
Science
Industry
Leader
• World
Class
AmeniMes

23 23

Favorable
LocaMon
‐
Geography

Strategic
loca6on
–
bridge
between
North
America,
Europe
and
La6n
America

24 24

Favorable
LocaMon
‐
Geography

Intrinsic
appeal

• AJracMve
environment
to
re‐locate
and
visit:
• Ideal
climate:
average
temperature
83°F
in
winter,

85°F
in
summer

• Diverse
terrain:
coastline,
central
mountains,
only

rain
forest
under
U.S.
NaMonal
Forest
Service

• Beaches
ranked
among
best
in
the
world
• Ample
natural
resources

25 25

Favorable
LocaMon
‐
Geography

Intrinsic
appeal

• 100%
digital
switching
telecommunicaMons
network
• Fiber
opMc
cable
throughout
island
• One
of
the
most
efficient
financial
infrastructures
in
the
hemisphere
‐

564
branches;
1,334
automaMc
teller
machines;
and
44,308
points
of sale

• Port
of
San
Juan
–
One
of
the
busiest
container
ports
in
the
western

hemisphere

• 40
shipping
lines
providing
service
to
80
domesMc
and
foreign
ports
• Urban
train
system
• Robust
airports
that
serve
as
the
gateway
to
the

Caribbean
and
have
more
than
4,300
local
and
internaMonal flights
per
month
island‐wide

• Comprehensive
highway
system
that
ensures
no
point
is

more
than
2
hours
from
seaport
or
airport

• Natural
gas
pipeline
nearly
complete
–
will
reduce
energy

costs
in
near
term

26 26

Benefits
Under
U.S.
JurisdicMon/Laws

Best
legal
protec6on
for
business

• U.S.
ConsMtuMonal
and
Legal
ProtecMon
• U.S.
Currency
and
Banking
System
• U.S.
Intellectual
Property
ProtecMon
• U.S.
Federal
Court
Presence
• Located
within
U.S.
Customs
Borders
• ParMcipaMon
in
U.S.
Trade
Agreements
• Access
to
U.S.
Federal
Funds
and
Grants
for
Infrastructure,

Social
Programs,
EducaMon,
Research,
and
more

27 27

Advantageous
Tax
and
Cost
Structure

A
unique
value
proposi6on
for
mul6na6onal
companies

• Foreign
Tax
Structure
• No
federal
income
tax
• Controlled
Foreign
CorporaMon
(CFC)
treatment
• Flexibility
to
develop
local
tax
incenMve
laws
• Cost
compeMMveness
relaMve
the
U.S.
• Average
cost
of
business
in
PR
is
10.9%
lower
than
naMonal

average

• San
Juan
is
the
least
expensive
large
U.S.
city
to
do
business

28 28

Skilled
Workforce

Highly‐educated
workforce
and
outstanding
university
system

• Two
of
the
twenty
largest
undergraduate
engineering
programs
in
the
United
States:
• The
University
of
Puerto
Rico,
Mayaguez
Campus
• Polytechnic
University
of
Puerto
Rico
• Over
23,000
higher
educaMon
degrees
per
year
• Over
9,000
graduates
per
year
in
science,
engineering,
and
technical
degrees
• Three
medical
schools
with
U.S.
accreditaMon
all
conducMng
NIH
and
NSF
funded
research
• Broad
local
experMse
in
manufacturing,

science
and
research,
finance
and
law,
and engineering
and
construcMon

• Bilingual
populaMon

29 29

SophisMcated
Industries

30 30

Manufacturing

Manufacturing
the
products
of
tomorrow

• Center
for
complex,
high‐tech
goods
manufacturing
that

requires
specialized
skill
sets

• Leveraging
and
integraMng
science,
technology,
and
R&D

focus
with
the
manufacturing
sector

• Excellence
in
target
industries:
• Chemical
and
biological
drug
development
• Biotech
and
medical
devices
• Aerospace
and
communicaMons
components
• Renewable
energy
technologies

31 31

Life
Science
Industry
Leader

More
than
50%
of
the
Fortune
100
companies
have
opera6ons
on
the
island

• Thirteen
of
the
top
20
blockbuster
prescripMon
drugs
• Six
of
the
top
10
biologics
• Half
of
all
pacemakers
and
defibrillators
sold
in
the
US
• ConMnuing
pharmaceuMcal
investment:
$4
billion
in
last
5
years

32

• More
than
38,000
direct
jobs
in
the
Life
Sciences
Industry,

accounMng
for
8%
of
total
U.S.
employment
in
this
sector.

• Over
100,000
indirect
jobs
serving
the
Life
Sciences

community
in
such
areas
as
construcMon,
project management,
validaMons
and
commissioning,
packaging, raw
materials,
financial
and
legal
services,
and
others.

Our
Life
Science
CapabiliMes
and
Industrial
Ecosystem

33

• Workforce
with
significant
experMse
in
GMP’s,
process

development,
automaMon,
quality
control/assurance,
FDA and
EMEA
regulatory
compliance,
packaging,
warehousing, and
others.

• One
of
only
four
U.S.
jurisdicMons
considered
specialized
in

three
bioscience
sub
sectors
(Drugs
and
PharmaceuMcals, Medical
Devices
and
Equipments,
and
Research).

Our
Life
Science
CapabiliMes
and
Industrial
Ecosystem

34 34

World
Class
AmeniMes

35 35

Tourism

Puerto
Rico
as
the
des6na6on
of
choice
in
the
Caribbean

• Improving
service
and
quality
• DiversificaMon
• Offerings
that
cater
to
the
needs
of
all
travelers:
economy,
mid‐market,
and

luxury/five
star
category
properMes

• Complementary
product
offerings:
Mmeshares,
vacaMon
clubs,
condo
hotels,

rental
management,
and
branded
residenMal

• Regional
offerings
beyond
the
San
Juan
Metropolitan
area
• Expansion
of
target
markets
• Increase
in
domesMc
and
internaMonal
air
travel
routes
• Increase
home
port
and
port
of
call
cruises,
and
pre
and
post
visits
• Niche
markets,
e.g.
medical
tourism,
sports
and
aquaMc
tourism,
and
eco

tourism
and
gaming