US EditionThey Built Success in the US. Now Havana Wants Them Back
Cuba seeks diaspora funds to ease worsening shortages and blackouts amid economic collapse but many Cuban Americans view investment as too risky due to legal and political barriers.
- Earlier this week, Havana announced it will allow emigrants to invest on the island, with officials inviting exiles during a televised appearance.
- Amid strain not seen since the 1990s, Cuba faces intensified energy shortages after Venezuelan oil cuts and U.S. pressure, leaving the economy vulnerable.
- Legal experts cite U.S. embargo laws and Cuban concerns, with skepticism from some in the U.S. Cuban diaspora, while Carlos Saladrigas urges reform, saying 'But behind their words lies an entire legal framework that needs to be reformed'.
- Some entrepreneurs on the ground described dire conditions, with some willing to invest while others warned Cuba is 'extremely risky', citing banking, currency, and property‑rights issues.
- Given history, tangible results remain uncertain as past diaspora invitations yielded few real-world outcomes, though some say investment could aid Cuban households lacking housing, infrastructure, sanitation and electricity.
56 Articles
56 Articles
Local 3 News
noticiasya.comSince 1959, when Fidel Castro took power, Cubans on the island have had to navigate a system defined by scarcity, surveillance and state control. Today, that system is under an unseen level of tension...
InsideNoVA.com
After Cuba beckons, Miami entrepreneurs are mostly reluctant to invest in the island
Havana announced this week that it would allow Cuban emigrants to invest to address the communist island's severe economic and energy crises. But in Miami, the epicenter of the diaspora, entrepreneurs are generally reluctant.
Cuba announced this week that it will allow its emigrants to invest and create businesses on the island, immersed in an economic and energy crisis. In Miami, the epicenter of the diaspora, Cuban businessmen want to contribute to the economy of their country, but they agree that the conditions are not yet met.For Hugo Cancio, owner of the digital media OnCuba and Katapulk, an online supermarket that allows the purchase and delivery of products in…
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