Havana announced this week that it would allow Cuban emigrants to invest to address the communist island’s severe economic and energy crises. But in Miami, the epicenter of the diaspora, entrepreneurs are generally reluctant.
“I don’t think a single businessman, not a single Cuban in exile, will invest in this island where there is no legal security,” said Ivan Herrera, director of the Univista insurance company, calling the initiative “a huge scam.”
The entrepreneur, whose grandfather was a political prisoner for 12 years before fleeing to Miami, refuses to invest under what he calls the “criminal” government…