Cyber Park of Santo Domingo Announces Creation of High Technology Investment Fund; Technology Fund to Provide Investment in Innovative Dominican & Regional Companies.SANTO DOMINGO Santo Domingo, pueblo, United States Santo Domingo (sän'tə dəmĭng`gō), pueblo (1990 pop. 2,866), Sandoval co., N central N.Mex., on the Rio Grande; founded c.1700 after earlier pueblos were destroyed by floods. , Dominican Republic Dominican Republic (dəmĭn`ĭkən), republic (2005 est. pop. 8,950,000), 18,700 sq mi (48,442 sq km), West Indies, on the eastern two thirds of the island of Hispaniola. The capital and largest city is Santo Domingo. -- The Cyber Park of Santo Domingo, the region's premier high technology park, announced today that it has created a High Technology Investment Fund ("The Fund"). The Cyber Park was established to provide the facilities and services required by firms in the high technology sectors off shoring their operations to the Dominican Republic. The Cyber Park is a unique partnership between the private and public sectors. "We are very excited about the establishment of this new investment fund. The Dominican Republic boasts several competitive advantages in terms of talent, costs and geographic location. The Fund will provide needed capital to help innovative Dominican Dominican Member of the Order of Friars Preachers, a Roman Catholic preaching and teaching order founded by St. Dominic. It dates officially from 1216, when Pope Honorius III gave it his approval, though Dominic had begun to build it at least a decade earlier. firms launch new products and services to meet a fast changing global market," said His Excellency HIS EXCELLENCY. A title given by the constitution of Massachusetts to the governor of that commonwealth. Const. part 2, c. 2, s. 1, art. 1. This title is customarily given to the governors of the other states, whether it be the official designation in their constitutions and laws or not. , President Lionel Li´on`el n. 1. (Zool.) The whelp of a lioness; a young lion. Fernandez of the Dominican Republic. "The Fund will also invest in international firms that locate their development operations at the Cyber Park's facilities. This will encourage the establishment of a regional Dominican high technology corridor," said President Fernandez. "The Cyber Park will selectively invest in firms that expand the country's high technology knowledge base but also demonstrate long term financial success," said Mr. Eddy Martinez, President of the Cyber Park Board of Directors. "We will target firms for investment in the software development, information technology, design and manufacturing sectors. Our goal is to create a win-win scenario- a good return for the Cyber Park's shareholders as well as expanding the country's participation in the global high technology economy," concluded Mr. Martinez. About Cyber Park of Santo Santo, New Hebrides: see Espíritu Santo. Domingo- The Cyber Park is the Dominican Republic's premier high technology center. Founded to encourage firms to off shore their technology development and operations to the country, the Cyber Park's clients include firms in software development, business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in and manufacturing. Learn more about the Cyber Park call us at 1-809-738-5000, Fax 1-809-738-5001. |
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