❮ Back to Insights

Global Events Drive Business and Investment in Puerto Rico


Published:
September 19, 2024
InvestPR at Product announcement.

In the rapidly evolving global economy, Puerto Rico is not just keeping pace; it’s leading. A recent highlight of this momentum is the announcement that Prodapt, a global IT services and consulting giant, will be establishing a Network Engineering Center in San Juan. This strategic move will create 200 full-time engineering jobs, further solidifying Puerto Rico’s status as a hub for technological innovation. But this milestone is more than just a victory for Puerto Rico’s economy—it’s a testament to the critical role that Invest Puerto Rico’s participation in global industry events plays in attracting businesses and investments to the island. 

The Impact of Global Presence 

The announcement of Prodapt’s expansion was made during the 2024 SelectUSA Investment Summit in Maryland, one of the premier platforms for promoting foreign direct investment (FDI) in the United States. Invest Puerto Rico has been a consistent presence at this event, and our efforts continue to bear fruit. The decision by Prodapt to establish a presence in Puerto Rico underscores the importance of being visible on the global stage, where connections with key industry players can be cultivated and expanded. 

Global industry events like the SelectUSA Investment Summit are more than just networking opportunities—they are catalysts for strategic economic growth. By participating in these events, Invest Puerto Rico can showcase the island’s unique strengths to a global audience. Puerto Rico offers a highly educated and skilled workforce, particularly in STEM and IT/Network domains, and boasts a strategic location that serves as a gateway to both the United States and the wider Americas. These are compelling reasons for companies like Prodapt to invest in the island. 

InvestPR’s mission is clear: to accelerate Puerto Rico’s economic development by attracting new businesses and investments. Over the past five years, we have secured commitments for over 20,000 new jobs, $1 billion in capital investments, and the establishment of nearly 2,500 new businesses. These achievements are more than numbers—they represent lives changed, communities strengthened, and a brighter future for the island. 

The presence of Prodapt on the island is a clear indication that this strategy is working. The company’s decision to invest $2 million to establish its Network Engineering Center in San Juan is a powerful validation of Puerto Rico’s potential. This investment brings high-quality jobs to the island while also positioning Puerto Rico as a critical player in the global telecommunications and technology sectors. 

Looking Ahead: It’s Not What’s Next, It’s Where 

As Puerto Rico continues to attract global companies and investments, the island’s role on the world stage is becoming increasingly significant. Events like the SelectUSA Investment Summit provide a unique platform for Invest Puerto Rico to showcase the island’s strengths and to make the case that when it comes to innovation and business growth, it’s not just about what’s next—it’s about where. And that “where” is Puerto Rico. 

Through strategic participation in global industry events, InvestPR is accelerating Puerto Rico’s transformation into a global hub for business and innovation. The arrival of Prodapt is just one example of the success that comes from this proactive approach, and it’s a sign of even greater things to come for Puerto Rico’s economy. 

Any Questions?
Count on Invest Puerto Rico to help make your business endeavor in Puerto Rico a successful reality.