TheStreet: Susan Segal on Investment Opportunities in Cuba

Last week, AS/COA's Susan Segal spoke with TheStreet's Rhonda Schaffler about the immediate investment and business opportunities flourishing in Cuba, in particular, in the tourism, telecom, and technology sectors. This interview came on the heels of Segal's participation as an exclusive Thought Leadership partner at Knowledge@Wharton’s Cuba Opportunity Summit, which took place on April 1 at Nasdaq’s Times Square venue in New York City. Segal explained that recent changes in U.S.-Cuba policy are part of a long-term process and that it will take some time before businesses are able to invest in the country in any type of scaled way.

Segal also talked about AS/COA's Cuba Working Group and how different sectors can develop strategies around the changes needed for companies to be able to invest. She said the recent policy changes that allow the country to receive larger remittances, for example, are one opportunity for entrepreneurs: "That's very important because it allows Cuban-Americans to invest in family businesses," she said. "There is a very large diaspora of 2 million Cubans living in the United States that could possibly send money home to invest in different businesses."