The Board of Directors of Invest Puerto Rico (InvestPR) has appointed Rodrick T. Miller as CEO to lead the nonprofit entity’s mission to attract new businesses and investment capital to the island.
Atop the new CEO’s immediate priorities will be to deepen
InvestPR’s relationships with its private sector partners on the island, finish
the organization’s team-building process and complete and roll out its work
agenda in short order.
“There’s a sense of urgency that we all share. There’s
a great deal of work that has been done already to get InvestPR ready to
deliver results. Let’s just do it,” he said.
Miller, who has held leadership positions in economic
development agencies throughout the U.S. mainland, met earlier this week with Gov.
Ricardo Rosselló, to talk about InvestPR’s mission and what other jurisdictions
are doing to stay ahead in an increasingly competitive landscape.
“We welcome Rodrick and are thrilled he has accepted
our invitation to lead this endeavor. The results he delivered in markets
similar to Puerto Rico are proof that the right promotion strategies can help drive
job growth, innovation and private investment. We’re confident he’ll deliver results for
Puerto Rico,” said InvestPR Board Chairman Manuel Laboy.
InvestPR is a private, nonprofit organization created
under Law 13 of 2017 with the objective of promoting Puerto Rico abroad as a
competitive investment jurisdiction, focused on attracting to the island new
businesses and capital that generate economic development and create new,
The entity has a Board of 11 members, three from the public
sector and eight from the private sector representing a variety of industries.
During his career, Miller has played a lead role in a
diversity of projects, ranging from the attraction of Microsoft Regional Headquarters
to Detroit, Michigan to helping structure transactions that led to significant real
estate developments such as the Outlets at the Riverwalk in New Orleans,
Louisiana and the Coyotes Stadium in Phoenix, Arizona.
He’s been named Young Economic Developer of the Year
by the International Economic Development Council and one of the top 50
Economic Developers in North America by Consultant Connect.
“The time to invest in Puerto Rico is now. We’re
excited to have found Rod, whose caliber and enthusiasm will help us deliver
this message loudly and clearly around the world,” said Laboy.
“I have found Puerto Rico to boast amazing potential,
boundless energy, a unique culture and a fantastic opportunity to shift its
competitive position and create new value. Although competition for investment
is fierce, Puerto Rico is in the middle of an economic pivot and the long-term
upside is limitless,” said Miller.
“I’m honored to be part of this turnaround and a
member of this community,” Miller added.