New Companies Come to Puerto Rico, Some Calling it, "Next Silicon Valley."
Provide says they came to Puerto Rico in 2018 believing that the island was not only Caribbean waves and sunshine, but that a wave of investors, start ups, and a whole tech ecosystem had already arrived with more on the horizon.
"Specializing in tech solutions, for exactly these clients made an easy decision for Provide."
Says lead software developer, Jesse Holt. "And to live and work in paradise? Surrounded by upcoming tech talent who needs opportunity...sign me up!" He said.
"Science Trust has a $2billion dollar fund to finance start ups in Puerto Rico. Half the companies are local, and half the companies are from around the world."
Says Anthony Delgado, founder of Disrupt magazine. Delgado adds,
"So if you want to start a new company, and you are looking for funding, you can move down to Puerto Rico and there are opportunities. There are grants, there are tax incentives, there are loans, all these incentives for these companies to move down to Puerto Rico."
Fostering these facts are how Provide, Delgado and 2020 tech luminaries continue to pave the way as Puerto Rico reinvents itself as the tech hub of the Caribbean and quite possibly the next Silicon Valley.
Does this sound like a stretch? Just this past Friday Holberton School announced a tuition deferred 10th location opening in Puerto Rico's Capitol city of San Juan, bringing its proven 2 year training to the island.
"Learning coding made a significant impact on my life, it took me from a small town in Illinois to the heart of Silicon Valley and now Puerto Rico," said Adam Beguelin, a successful Silicon Valley entrepreneur who has launched four technology startups. "My goal for opening Holberton Puerto Rico is to make that option viable for everyone, regardless of their financial situation."
Holberton School states, "Graduates have gone on to earn six-figure salaries as engineers at leading employers, including Apple, Tesla, NASA, Google and LinkedIn."
Stacked with this knowledge and the know how it appears Provide, made a wise investment in the post Hurricane Maria, Puerto Rico economy.
This story was written by our staff based on a press release.