They say that when times get though you must get creative. Today, we share the story of a local entrepreneur who saw an opportunity and decided to take the leap into the small business world.
“We have it in our power to begin the world again.”
When Tom Loosemore, former deputy director of the UK digital service, stumbled upon this quote many years ago he found a different purpose for what he wanted to do with his life. After working with BBC for 7 years, he took upon the goal of redesigning the digital services for the British government institutions.
This is the first article in a blog series focused on the necessity of a digital transformation on the local government practices. As an Act 20 company, we want to partner with local initiatives that want to create solutions. We believe in the future of Puerto Rico. Next Tuesday, we are pleased to join Piloto 151 in the forum Dear Fiscal Board to discuss new possibilities for the island.
More than a financial crisis, the Puerto Rican government has an immediate crisis, one that has been a silent killer of the island for many years. The financial crisis is making headlines but there’s a toxic and unfortunate chaos that is being ignored. The government agencies are operating under a poor, mediocre and inefficient cycle, one that is costing the government more than money.
The agriculture community is making headlines in Puerto Rico. From all over the island people are finding ways to use their resources and empower the renaissance of an agriculture economy. Evidence shows that the past five years have proven to be a success thanks to entrepreneurs who are betting on fertile land to positively change the future.
History shows that Puerto Rico relied on agriculture as the main source of economic income since the Borinquen Indians. Records from a 1935 census have evidence that approximately 246,386 people depended on agriculture for living.
With tropical temperatures and fertile soil, the land was used to produce fruits and vegetables that were exported. About 24,000 pounds of sugar cane were exported to Spain in 1553 and for the year 1939, sugar shipments valued at $53,604,381 were exported to North America.
In the beginning stages of the Act 20 implementation, the government created the law to attract new investors to a struggling financial phase in Puerto Rico. It was an asserted strategy based on the need of a new economy, completely distanced from the government bureaucracy system.
As of November 2016, there were more than four hundred Act 20 decrees approved for operation in Puerto Rico. For a country that has not registered economic growth since 2006, this represents a new chance to recover from a seventy thousand million financial deficit.
As other countries like Australia and Costa Rica have used their natural and cultural resources to develop a sustainable tourism program. Puerto Rico is in the perfect moment to embark on a journey towards becoming a destination hub for the Caribbean.
When people hear the words Caribbean island they transport themselves to an imaginary vacation mode. It seems the thought of turquoise waters and white sand represents an opportunity to get away from the ordinary.