CASTRIES, St. Lucia, Friday July 10, 2015 – St. Lucia, Belize, Trinidad and Tobago and Haiti have been identified as countries outside the United States that companies will move to in five to 10 years.
That’s according to readers of Site Selection Magazine, an influential publication that highlights corporate real estate strategy and area economic development.
“In a tie with Eastern Europe, 31.4 per cent of respondents selected the Central/South America and the Caribbean and cited an educated workforce, the economic expansion of the region aided by the anticipated increase in traffic due to the widening of the Panama Canal and a growing middle class as some of the reasons behind the decision to invest in the logistics, automotive and chemical clusters,” explained Senior Editor of Site Selection Patty Rasmussen.
Location consultants and experts in foreign direct investment from around the world were asked where they would consider locating their investment in the next ten years, and why.
St. Lucia, Belize, Trinidad and Tobago and Haiti were among 13 countries identified as choice locations in the Central/South America and Caribbean.
Among the attributes identified for the feature ‘Locations of the Future’, survey respondents highlighted a large population with a burgeoning middle-class; political and economic stability; an industrious, well-educated workforce; and quality infrastructure as some of the incentives to investing in one regional location over another.