PRONicaragua Included in Nearshore America's Power 50 Report

    WASHINGTON, DC, July 01, 2010 /24-7PressRelease/ -- Nearshore Americas recently announced that Javier Chamorro, Executive Director of PRONicaragua, the official investment promotion agency of Nicaragua, was included among the 50 most influential executives in nearshore outsourcing in the Americas, according to its 2010 Top 50 Power Rankings.

The selection process for those influential executives in the Americas took into account a series of criteria such as the record of achievement within the candidate's own organization. The selection process also took into account the personal impact on the growth of outsourcing in the Americas, the dedication of raising professional standards and performance quality and the personal willingness to prioritize the outsourcing industry in areas such as corporate social responsibility, participation in local or regional trade promotion and educational development groups and the participation in live events and media engagement.

This acknowledgment recognizes the efforts made by Javier Chamorro and PRONicaragua in contributing to the development of the outsourcing industry, as well as in promoting the region as an ideal destination for foreign investment promotion. Mr. Chamorro mentioned "it is a privilege to be on this prestigious list and to be a part of the development of the outsourcing industry in Nicaragua. PRONicaragua looks forward to continue contributing in the promotion of this sector through the attraction of sustainable foreign investment projects and the growth of those outsourcing companies already established in the country."

A growing number of multinational companies are already looking to invest in Nicaragua's business process outsourcing (BPO) sector thanks to the many benefits the country has to offer, such as its modern telecommunications infrastructure with services such as Internet, voice network and 4G technology. Other competitive advantages Nicaragua offers include availability of a young, vibrant and English-speaking labor force, investment incentives such as tax exemptions and its strategic location, which gives companies the opportunity of offering timely services to the United States without losing valuable working hours due to its U.S. Central Standard Time Zone.

Some of the world renowned outsourcing companies that have decided to invest in Nicaragua include Sitel, one of the world's largest outsourcing companies, California-based PatentVest and Stream Global Services, a Massachusetts-based BPO company that handles sales, customer service and technical support for the Fortune 1000 companies. In total, there are currently 14 companies with BPO operations in the country employing approximately 2,000 professionals.

PRONicaragua has contributed in the attraction of over 90 investment projects in different sectors of the economy, representing US$645.9 million that have generated more than 44,500 direct jobs since its creation in 2002.

PRONicaragua is the Nicaraguan Investment Promotion Agency, established in 2002. It is a non-profit, public-private institution whose mission is to generate economic growth and job creation in Nicaragua by attracting high-quality foreign direct investment. The agency provides complimentary support services to qualified investors seeking investment opportunities in our country. For further information, please contact us at (505) 2270-6400 or at http://pronicaragua.org.

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