GVSU hosts Cuban business panel

GVSU hosts Cuban business panel

GRAND RAPIDS, Mich. (WZZM) - It's been seven months since President Obama normalized relations with Cuba. Now, some Michigan companies are exploring the possibility of doing business in the island country.

Tuesday night, a special panel at GVSU talked about the options Michigan companies have in Cuba.  Experts said there are still many hurdles in place, including an embargo which limits what you can do.  Any Michigan business that works in infrastructure could have opportunities, though.

"It has to start from a governmental perspective -- the infrastructure, the electrical grid system, the concrete, the roads, bridges, things like that," said panelist David DeAvila.

DeAvila added that Michigan companies trying to sell consumer goods will have a tough time.  He cites Cuba's wage control laws as the reason.

WZZM


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