STAKEHOLDER ENGAGEMENT AND COLLABORATION InvestPR does not work alone. While the Department
Puerto Rico Information Technology Cluster, the
of Economic Development and Commerce is our
Puerto Rico Manufacturers Association, the Puerto
core partner in carrying out critical elements of
Rico Chamber of Commerce and the Pharmaceutical
InvestPR’s
capabilities
Industry Association; national organizations like the
(such as implementing incentives policy, managing
U.S. Economic Development Administration and
the island’s publicly owned industrial real estate
the International Economic Development Council;
portfolio, and managing the permitting process),
government and federal entities like the Office of
we diligently leveraged our stakeholder network to:
the White House and the Puerto Rico Federal Affairs
transactional
executional
Elevate Puerto Rico’s profile with a unified and consistent voice Solidify research and data-sharing to offer greater information access to clients and clarify the value proposition of Puerto Rico for key decision-makers; and Increase our capacity to provide seamless project management support to prospects.
Administration, organizations in the entrepreneurial and innovation ecosystem such as the Puerto Rico Science, Technology and Research Trust, Parallel18 and Piloto 151 and many others. This helps InvestPR make effective and efficient use of stakeholder networks and resources. These partnerships became the basis for extending the organization’s mission delivery to serve the
If anything, the global health crisis underscored
interests and need of all these same partners. The
the need to work with industry partners aligned
organization accomplished this through multiple
in meeting shared objectives. A large part of the
structures:
pivot process that InvestPR undertook in FY2019-
Establishing committed MOUs with sector specific
2020 entailed tapping collaborative opportunities
organizations to influence the development and
with relevant entities in diverse sectors to reinforce
vetting of the mapping projects
Puerto Rico’s value proposition in light of the economic shifts.
Shifting from InvestPR pushing information to stakeholders, to stakeholders actively seeking
This resulted in establishing partnerships and/or alliances with key stakeholders in diverse areas, among them local industry associations such as the
InvestPR as a partner Specific sector focused activities and events that represent significant wins
Representation of Collaborators for FY2019–2020 26
