Blog

  • 18 Nov 2016 by Jeffrey Campos

    Global Chamber Denver hosted the first annual reception in honor of the Colorado Consular Corps Reception at the exclusive Buell Mansion on November 15, 2017. Held to be a tribute and recognition to our global partners. The Consular Corps is over 60 years old as an organization.  The number of countries which choose to have official representation in Colorado has grown significantly over the last ten years, as Colorado has become more linked to international business and global activities.  Ten years ago only Mexico had a "career" consulate in Colorado.  Today the United Kingdom, Japan, Canada and Peru, in addition to Mexico, have full-time professional consulates in the state.  The list of Honorary Consulates also has expanded, most recently with Morocco and Uganda establishing consulates.

    The reception’s international guest list that exceeded over 150 guest that included over 20 members of the foreign and honorary consulates, Aurora Mayor Steven Hogan, public officials from City of Denver, State of Colorado, Senator Bennet’s, Office, Congressman Coffman’s Office and business leaders from Colorado.

    Consuls recognized were from Mexico, Japan, Canada, Peru, United Kingdom, Russia, Belgium, Netherlands, Spain, Finland, Italy, Poland, Sweden, Netherlands, Denmark, Morocco, Uganda, Mongolia, Germany and Republic of Korea. Russian Consul Deb Palmieri, indicated "The event was over the top with such a great mix of attendees."

    The sponsors were extensive that included the City of Aurora Office of International and Immigrant Affairs, Visit Denver, Cornerstone Advisors International, Crestcom, JF Global, and Molson Coors.

     

    Consuls From Over 20 Countries introduced by Finland Consul Juha Makikalli

     

    Left to Right Former Mayor of Cherry Hills Village Doug Tisdale, Mayor of City of Aurora Steve Hogan and Executive Director Jeffrey Campos

     

    Buell Mansion Cherry Hills Village , Colorado

     

    Left in back - Board Member Scott Nelson speaking to John Bristol State of Colorado Office of Economic Development

    Front - Juan Materon speaking to Board Member Maria Segura

     

    Japanese Consul Makato Ito in discussion with some guest.

     

    View from outside looking in at the Consular Corps Reception!

  • 06 Nov 2016 by Jeffrey Campos

    This week, Cuba released its 2016-17 portfolio of foreign direct investment (FDI) opportunities at the annual Havana International Trade Fair (FIHAV) that we were thrilled to attend. The portfolio details 396 economic development projects, 69 more projects than last year. A summarized list of key investment opportunities in a range of industries, including agricultureenergy, biotech, health care and transportation, is available below.

    Cuba releases a yearly portfolio of investment opportunities at the annual trade fair. This year's Havana International Trade Fair was attended by representatives from 25 U.S. companies, signaling the U.S. business community's growing interest in doing business in Cuba.

    Cuba has recognized that foreign investment is a critical tool of development as the island nation seeks to strengthen nearly every sector its economy. Cuba is open for business, and it's time that Congress gets out of the way of American companies interested in helping Cuba move into the 21st century.

    The new 2016 portfolio highlights the tangible and potentially lucrative opportunities for U.S. companies to play a leading role in modernizing Cuba. But despite recent regulatory changes, U.S. companies still face unnecessary hurdles and outdated restrictions related to Cuba. Until Congress fully lifts the embargo, American companies will be stuck on the sidelines as foreign competitors move in on Cuba's growing markets.

    Investment Opportunities in key sectors:

    *Figures below are estimated project costs stated in the portfolio. 

    • Port of Mariel: Over $1.5 billion to develop the Port of Mariel and strengthen its goal of becoming the logistics hub of the Caribbean.  
    •  $740.14 million for comprehensive agro-industrial projects to increase food production; encourage sustainable development; and increase efficiency, quality and competitiveness in the different forms of production management. Cuba is seeking FDI for 76 projects, 36 more projects than last year. 
    • $252.4 million to promote projects to modernize and create new capacities (e.g. to produce bottles and packaging, recycle raw materials), manufacturing electronic equipment and electrical appliances, chemical products and by-products, medical equipment, textiles, clothing and accessories, hygiene products, perfumes and cosmetics. Cuba seeks to cover their national demand, replace imports and increase exports.  
    • Renewable Energy: Cuba is seeking over $290 million in renewable energy projects with the goal to create, enlarge and modernize production capacities and to promote projects to generate energy from renewable sources. 
    • Oil & Gas: Cuba is seeking almost $2 billion for 6 projects to increase oil and gas production.
    •  $119.3 million to modernize Cuba's transportation infrastructure. Specifically, Cuba plans to expand its port, roadway, and rail capacity and improve its system for repairs and technological updates of vessels and trains. This includes preparing port facilities to receive cruise ships and bringing its commercial aviation services up to international standards.  
    • Biotechnology and Drug Industry: $27 million to promote projects in Cuba with strategic partners to improve the manufacturing of finished products and active drug ingredients for generic medicines. Cuba is looking for partners to complement domestic projects by increasing joint R&D projects, as well as the creating or extending their own production capabilities.  
    • Health care: $50 million to develop exports of Cuban medical and health services.
    • $110 million to access new technologies to improve efficiency in construction, increase production of materials AND spare parts, and to recover and complete general repairs for plants. Additionally, Cuba seeks to promote the building of infrastructure and industrial maintenance jobs, primarily for the nickel, oil and cement industries as well as for the designing and building of hotels for tourism and the real estate complexes associated with golf courses.

    Content Courtesy of Engage Cuba .