Wednesday, November 13, 2019

Puerto Rico to host 11th Americas Competitiveness Exchange

By on October 24, 2018

SAN JUAN – Gov. Ricardo Rosselló Nevares announced Wednesday that Puerto Rico was selected as the venue for the 11th edition of the Americas Competitiveness Exchange on Innovation and Entrepreneurship (ACE 11) to be held May 18-25 in more than 10 of the island’s municipalities.

ACE brings together decision-makers from the Western Hemisphere and beyond to explore global and regional partnerships, and economic development opportunities to establish new global commercial relationships, according to the U.S. Department of Commerce’s International Trade Administration (ITA) and Economic Development Administration (EDA), which organizes the vent in coordination with the U.S. Department of State and the Organization of American States (OAS).

ACE 11 is expected to bring together 50 senior-level government, business, policy and economic decision-makers from 25 countries to experience first-hand the range of projects, investments, public-private partnerships and best practices from the region’s innovation and entrepreneurship ecosystems.

“ACE will be held in the Caribbean region for the first time. We are pleased that, after months of hard work by the Department of Economic Development and Commerce [DDEC by its Spanish acronym] to achieve that Puerto Rico be the venue for this important international event, the organizers of the event have selected our Island to celebrate ACE 11, after evaluating multiple requests,” the governor said.

The leaders selected to participate in the week-long program tour innovation hubs, advanced technology centers, leading firms and educational and research institutions to explore local, regional, urban, and rural economic development models, share experiences and knowledge, and build networks among the local and visiting stakeholders to enhance innovation and competitiveness in the Americas.
The ACEs are designed to build cooperation networks that promote sustainable and inclusive economic development and increased trade.

“This fills us with pride and motivates us to be the best hosts ACE has had, with the participation of companies, organizations and institutions that are models of economic development in Puerto Rico,” Economic Development Secretary Manuel Laboy said.

He stressed that science, technology and innovation “are pillars of the new economic project and are included in the Government Plan.”

Puerto Rico’s selection will be announced in Sacramento, Calif. on Friday, at the closing of ACE 10, when Laboy will deliver a presentation about what can be expected in May on the island.

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