Episode Transcript
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(00:04):
Why St. Lucia will be the business hub
of the future. Did you know St.
Lucia's economy has been growingat a rate that outpaces many
larger Caribbean nations. What if I told you this island
paradise could become the next big thing in global business?
(00:30):
Today's episode is a special 1, and I promise you'll look at
Saint Lucia in a. Whole.
New way We're not just talking about beaches and jazz
festivals, although yes, they'reamazing.
We're talking about big business.
That's right, big business. Why St.
(00:53):
Lucia is shaping up to be the business hub of the future.
Let's dive in. Let's start by addressing the
elephant in the room. Can a small island nation really
(01:13):
position itself as a global business player?
Saint Lucia faces challenges, nodoubt about it.
No doubt there's competition from original powerhouses like
Barbados and the Cayman Islands.Very powerful small nations.
(01:34):
Barbados is very powerful, Cayman Islands Offshore banking
takes place out of there, infrastructure development is a
work in progress, and attractingconsistent foreign direct
investment isn't easy at all. Right now, despite all that, St.
(01:58):
Lucia is doing something different, something exciting,
and I'm going to tell you all all about it.
Before we get into the heart of Saint Lucia's transformation, a
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(03:16):
Now let's talk about advantages of Saint Lucia first location.
Saint Lucia's location is perfectly positioned between
North and South America, making it a logistic sweet spot
(03:38):
directly in the center of the Caribbean.
If you. Ever.
Just. Point in the center of the
Caribbean, you'll have to definethat.
You'll have to define St. Lucia.
So like we say, it's a logistic sweet spot, no question about
it. Second, government support.
The Saint Lucian government has been rolling out two business
(03:59):
policies, tax incentives and infrastructure initiative
initiatives to attract investors, right.
Then there is the citizenship byinvestment program.
Sorry about that. Citizenship by investment
(04:21):
program, which yeah, America actually just made a stink about
because they're doing the prettymuch the same thing with the
Golden Visa or something like that.
So that's pretty much a very same thing.
That's one of the things that St.
Lucia has been using to attract investors.
(04:42):
Right now. It's not about passports.
It's a getaway from a high net worth individuals to invest.
Sorry about that. It's a getaway for high net
worth individuals to invest in alocal real estate resolve resort
(05:06):
and students, because that's what's taking place in the
islands, right? Tourism continues to be a major
pillar, but we're seeing a pivottowards diversify industries.
Tech. Services, sustainable energy,
(05:27):
agriculture and fintech, just toname a few.
There's even a talk of establishing St.
Lucia's. First full.
Scale innovation and startup hub.
That's exciting news, especiallyfor the young entrepreneurs and
also the business people in the diaspora right now.
(05:56):
We gotta take a quick break guys.
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now, let's get. Back to.
Our topic at hand? Why St.
Lucia will be the business hub of the future.
(10:30):
Now let's talk turning point right, one of the one of the
biggest game changes in the proposed partnership between
Saint Lucia and International Development firms to create a
multi use business and conference district.
(10:52):
Yeah, the Euronura InternationalAirport, that is the main
airport in Saint Lucia, that's the International Airport.
And some International Development firms want to create
a multi use business conference.This want to create a multi use
conference district close to theairport.
Imagine flying for global business conference, right and
(11:19):
conducting meetings steps away from a beach resort, which I can
also already picture one of the resorts that would actually be
perfect for this Coconut Bay resort right next to the airport
with good facilities. Also, it's a model that already
(11:41):
that's already thriving in places like Dubai, Singapore.
And now St. Lucia is next that is
implementing conferences, globalbusiness conferences, conducting
meetings in sitting destinations.
So St. Lucia is next on the list.
Dubai and Singapore already haveit going on.
(12:02):
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(12:25):
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So about guys, let's recap. Sanusha may be small, but it is
mighty with strategic locations,smart policies and bold vision.
This island setting itself up tobe a Caribbean capital of
(17:12):
business. Sorry about that.
Capital of business. The question isn't if, the
actual question is when. Right now guys one the inside
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All right, guys. So what do you think?
And so it should be the next bigbusiness hub.
(20:15):
No, it sounds far fetched, sounds very far fetched, but I
think there's a possibility, butit's not about what I think.
What do you think? Drop your thoughts in the
comments or if messages directlyas well, you could drop comments
in YouTube, Spotify, Apple, wherever you listen to your
(20:37):
podcast. Just give us some comments, give
us some feedback so we don't know what we're doing and
whether you like it and whether you enjoy our content.
And if you haven't already, check out our other episodes on
the Caribbean or Saint Lucia or also Business right now.
(20:59):
It's a perfect companion to today's discussion about
everything we talk about on our channel.
Support us and let us know if you think St.
Lucia could be the next Caribbean hub.
In the big scheme of what's going on in the world concerning
(21:20):
business, entrepreneurship, conventions, meetings say the
least. There are new hubs being open
all the time. We've gone into new prospecting
this town cities in our newsletters.
So today we're bringing the light to Saint Lucia and what we
(21:41):
have going on. Sounds very exciting.
But until next time, I am al thelotion reminding you that your
next great adventure could be also be your smartest business
move. Don't forget that.
Stay curious, stay inspired. Bye, guys.
(22:06):
You guys have a good one.