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Is Puerto Rico the Silicon Valley of the Caribbean—or the new Silicon Valley?

Although overshadowed by a reputation for manufacturing and tourism, several high-tech sectors are thriving on the island.

Ella Woger-Nieves, Chief Operating Officer for Invest Puerto Rico, stepped away from an event during Puerto Rico Blockchain Week to talk with Roundtable's Rob Nelson about the island's attempt to "change the narrative" around the country's economy.  

Nothing that that the travel industry makes up only 7% of the economy, Woger-Nieves said that Puerto Rico has become an international hub for a number of cutting edge industries, including but not limited to cryptocurrency, blockchain, software, and FinTech.

“There's so many incubators and accelerators and coworking spaces just full of people doing cool stuff," she said. "There entrepreneurial ecosystem has just blossomed in the past couple years. I invite folks to come here and see for themselves. It's just a question of creating awareness, so people really understand that Puerto Rico isn't just beaches. This is a thriving economy where there are different varieties of just different sectors that are emerging.” 

She added, “You can be a big fish in a small pond [in lots of places]. Here, you have the ability to get in at the very beginning. There aren't many places where you can actually say that.”

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