CaribPR Wire

W. Dave Dowrich, VP of Investment at Goldman Sachs, 2nd from r., with Chairman of the CTO, Ricky Skerritt, l; Minister Minors of Bermuda, 2.d from l., and Brian Lilly, r., CEO of Lilly Broadcasting and owner of WSEE TV and One Caribbean Weather, premier sponsors of the event. (Sharon Bennett image)

CaribPR Wire, NEW YORK, NY, Fri. June 10, 2011: The Caribbean is being urged to compete for the global “wallet share” and step up the promotion of “its investment story.”

That’s the advice from W. Dave Dowrich, vice president of investment at Goldman Sachs and the keynote speaker at the inaugural Invest Caribbean Power Forum, convened by digital media solutions company, Hard Beat Communications and the Caribbean Tourism Organization in New York City on Thursday, June 9, 2011.

Dowrich, addressing a packed room at the New York Marriot Marquis Hotel in Times Square, insisted that the Caribbean’s investment “product” stacks up against most other regions of the world, including the BRICS (Brazil, Russia, India and China) on several fronts, such as political stability, accessibility and ease of doing business.

But “where we fall down is in selling and telling our investment story, i.e. the ‘Promotion – P’ of the principles of marketing,” he said of the CARICOM region, whose combined Gross Domestic Product is put at US$90 billion.

Comparing the Caribbean to private companies going public and the need to ensure that their story continues being told to their existing and future investor base, Dowrich said the Caribbean and its leaders must see investment in a similar vein.

“We therefore need to be sure that at every opportunity, our story is told on a consistent basis and told by credible and trust worthy folks such as our senior ministers, and then reinforced by our teams on the ground, who can ‘talk the talk’ of those that need to hear it,” he said.

Dowrich was one of four speakers who addressed the event yesterday. Others included Minister of Business Development & Tourism of Bermuda, Patrice Kimberly Minors; Martin Mohabeer, the Guyana-born Managing Director of Spackman Group and CEO of Spackman Capital and David Brillembourg, CEO of the Brilla Group.

Minors for her part insisted that Bermuda remains open to doing business while Brillembourg advised that attention be turned to Latin American pension funds as potential investors in the Caribbean region.

Mohabeer announced the SEAF Caribbean Growth Fund, insisting that the Caribbean small business market is “tremendously underserved.”

“With this fund we hope to change that,” said Mohabeer, while adding that the fund will make investments in small to middle enterprise firms specializing in IT, media and technology and construction among other sectors.

Among the over 120 attendees at the event were several money managers from the New York’s investment community as well as top tourism officials from the Caribbean including the Hon. Chairman of the Caribbean Tourism Organization and Minister of Tourism and International Travel for St. Kitts/Nevis, Ricky Skerritt; Hon. Richard Sealy, Minister of Tourism, Barbados; Hon. Ed Bartlett, Minister of Tourism, Jamaica; Commissioner of Tourism of St. Eustacius, Clyde Van Putten; Secretary General of the Caribbean Tourism Organization, Hugh Riley; Sylma Brown Bramble, director of CTO North America; Alec Sanguinetti, Director General of the Caribbean Hotel and Tourism Association, Josef Forstmayr, President, Caribbean Hotel and Tourism Association, and other top CTO officials as well as  Caribbean directors of tourism.

“This event surpassed our expectation,” said Felicia Persaud, CEO of Hard Beat Communications, which conceptualized and co-presented the event with the CTO. “We look forward to making this an annual part of Caribbean Week in New York.”

“The Caribbean Tourism Organization was proud to team up with Hard Beat to present this event, since in these tough economic times, investment in the Caribbean is critical and the CTO believes strongly in continuing to boost the tourism sector of this vibrant region by presenting investment opportunities for its members,” commented Brown-Bramble.

The Bermuda Department of Tourism and the Pennsylvania-based WSEE TV and OneCaribbeanWeather.com, both part of Lilly Broadcasting Corporation, were the official sponsors of the ‘Invest Caribbean Power Breakfast.’

Additional sponsors included the PR Newswire, CaribPR Wire, The Bahamas Weekly, News Americas Now and the Caribbean American Chamber of Industry and Commerce.

ABOUT HARD BEAT COMMUNICATIONS

Hard Beat Communications brands itself as a Digital Media Solutions Company. The company does this through its Digital Content Creation and Dissemination and syndicated digital newswire – New Americas Now, formerly CaribWorldNews, its CaribPR wire release dissemination section, part of the PR Newswire; its Media Buying and Event Promotions arm and its New Media Solutions department.

ABOUT THE CTO

The Caribbean Tourism Organization exists to increase significantly the inclusion of the Caribbean region in the set of destinations being considered by travelers. The CTO, with headquarters in Barbados, comprises 32 member countries, including English, French, Spanish and Dutch countries and territories, as well as private sector allied members. Every year, the CTO presents “Caribbean Week In New York,” which Caribbean Week in New York is a celebration of the sights, sounds, colors, culture and unique vacation attributes of the Caribbean.

Martin Mohabeer, Managing Director of Spackman Group and CEO of Spackman Capital is among the panelists.

Carib PR Newswire, NEW YORK, NY, May 20, 2011: They are collectively responsible for managing billions in assets daily and on June 9, 2011, a trio of U.S.-based investors and money managers will share their expertise and discuss opportunities they’ll consider for investment, at the inaugural Invest Caribbean 2011 Power Breakfast.

The Investing In Paradise event, presented by digital media company, Hard Beat Communications and the Caribbean Tourism Organization in Caribbean Week, is set for set for June 9^th from 7:30 to 9:30 a.m. at the New York Marriott Marquis Hotel in New York City.

The forum will feature Martin Mohabeer, the Guyana-born Managing Director of Spackman Group and CEO of Spackman Capital, who currently helps manage $1.3 billion in assets under management by the Hong Kong-based, privately-held investment conglomerate; W. Dave Dowrich, Vice President at Goldman Sachs, which has over 900 billion under its management; and David Brillembourg, CEO of the Brilla Group, who has founded two successful companies, executed over 30 M&A transactions and has raised nearly $150 million over the past decade from private and institutional investors.

Additionally, the event is also slated to feature New York City comptroller John Liu, who helps manage $646 million in pension funds for New York City.

Mario Gonzalez, executive director of the Puerto Rico Tourism Company; Brian Lilly, CEO of Lilly Broadcasting and Chairman of the Caribbean Tourism Organization and St. Kitts/Nevis minister of tourism, Ricky Skerritt will also address participants while several Caribbean tourism ministers of government, commissioners and directors of tourism as well as officials of the Caribbean Tourism Organization, including Secretary General Hugh Riley and others from the business, travel and investment community will be in attendance.

The Hard Beat/CTO forum will be moderated by Professor Temisan Agbeyegbe, professor of Economics at Hunter College and Graduate Center, City University of New York and a research associate with The Caribbean Center for Monetary Studies, The University of The West Indies, St. Augustine, Trinidad and Tobago.

“This is no talk shop but its where real capital meets investment opportunities,” said Felicia Persaud, CEO of Hard Beat Communications.  “Entrepreneurs, lenders, developers, hotel chain/management company executives, investment bankers, vacation ownership executives, financial advisors, real estate and financial intermediaries, builders, consultants, lawyers, architects and designers or anyone seeking to do business in the Caribbean, learn about investment opportunities there, raise capital to grow or expand your business or network with top investors and ministers of government should all make it a date to attend this event.”

“The Caribbean is a perfect destination for investment, given its stable governments, its tax incentives, its close proximity to the U.S. and it’s very high literary workforce and its superb beauty and climate,” added Sylma Brown Bramble, director of CTO North America.

The Pennsylvania-based WSEE TV and OneCaribbeanWeather.com, both part of Lilly Broadcasting Corporation, and the Puerto Rico Tourism Company, are the official sponsors of the ‘Invest Caribbean Power Breakfast.’

Additional sponsors include the PR Newswire, CaribPR Wire, The Bahamas Weekly, News Americas Now and the Caribbean American Chamber of Industry and Commerce.

Tickets are going fast so register today at http://events.constantcontact.com/register/event?llr=7phqhyn6&oeidk=a07e3p448ple41d4ad3. Or for more information log on http://investcaribbeannow.com/.