The Cuba Study Group will release a study today conducted in collaboration with Northwestern University’s Kellogg School of Management’s Risk Lab titled: “Supplying Growth: Purchasing Challenges and Opportunities for Cuban Entrepreneurs.” The report will be released at a public event at the Center for Strategic & International Studies in Washington, DC at 4pm. 

The study, which was conducted by four MBA students at the prestigious Kellogg School of Management, analyzes price advantages for the sourcing of capital inputs in the U.S. and Cuba along nine different categories of approved private enterprise. The report was supervised by Dr. Russell Walker, Clinical Associate Professor at the Kellogg School of Management, an expert in big data analytics, risk management and international business strategy. 

Among the report’s key findings are:

  • There is a price advantage in Cuba for many necessary business input when accounting for applicable tariffs and transportations costs, yet Cuban entrepreneurs continue to source a large number of supplies from the U.S. This suggests that Cuban entrepreneurs may purchase some goods in the U.S. for reasons other than price, such as product availability, variety and quality.
  • Not all individual products are cheaper in Cuban hard currency retail stores or the Cuban secondary market, however; appliances and high-tech goods are often less expensive in the U.S., even when accounting for high tariffs, and entrepreneurs may be able to reduce the high costs of technology-intensive ventures by purchasing the right goods in the right markets. 
  • Combining the pricing data in this report with existing research on estimated monthly revenue for Cuban entrepreneurs in different sectors indicates that some entrepreneurial activities may have significantly shorter payback periods than others, suggesting potential opportunities to help aspiring Cuban entrepreneurs identify promising business opportunities.

The findings in this report reinforce the importance of educating Cuban entrepreneurs to help grow their small businesses, improve their livelihoods, and strengthen the burgeoning entrepreneurial sector on the island. This analysis identifies four specific opportunities for enhancing the research on and support for entrepreneurs in Cuba.

The full report will be available at www.CubaStudyGroup.org at 4pm today. 

###



Recent Articles

Date Title
7/30/15 Rep. Tom Emmer leads GOP effort in House to lift Cuba trade embargo
Bloomberg
7/30/15 U.S. democratic presidential hopeful Clinton to call for lifting Cuban embargo
Reuters
7/29/15 Cuban-American lawmakers alarmed at Cuba’s upgrade on trafficking report
Chris Adams, The Miami Herald
7/29/15 Lung cancer vaccine CimaVax could be first of many medical advances made possible by U.S.-Cuba thaw
Dr. David Samadi, New York Daily News
7/29/15 Bill to boost trade with Cuba faces long odds, despite win
Chris Adams, Tribune News Service
7/29/15 US upgrades Malaysia and Cuba in annual trafficking report
Rachel Middleton, International Business Times
7/28/15 Current Record
7/27/15 Republicans Stand Against Cuba Change Despite Public Opinion Shift
NPR
7/27/15 Struggling to surf the web in Cuba
BBC
7/26/15 Resumption of U.S.-Cuba relations isn’t expected to set off a business stampede
Miami Whitefield, The Miami Herald
7/24/15 GOP-controlled Senate panel votes to lift Cuba travel ban
Andrew Taylor, AP
7/24/15 Historic oil meeting in Cuba set for October
Bloomberg
7/24/15 Stonegate Bank should be ready to handle transactions with Cuba in three to four weeks
Mimi Whitefield, The Miami Herald
7/24/15 Pope to urge healing in Cuba during upcoming visit
AFP
7/23/15 Florida’s Stonegate Bank makes breakthrough in Cuba
Miami Whitefield, The Miami Herald
7/23/15 How to Build a Relationship With Havana
James Stavridis, Foreign Policy
7/23/15 U.S.-Cuba thaw provides new hope for a niche sport in Havana
Reena Flores, CBS
7/21/15 Americans Seek Compensation For Assets Lost In Cuban Revolution
NPR
7/21/15 U.S.-Cuban bank deal will let business make direct transactions
Felicia Schwartz and Ryan Tracy, MSN
7/21/15 Most Republicans back re-establishing ties with Cuba, ending trade embargo: poll
Seth McLaughlin, The Washington Times
7/21/15 Cuban-American resistance to diplomatic thaw proves tepid
David Adams, Reuters
7/21/15 Poll: Majority of Americans Favor Diplomatic Ties With Cuba
Deb Rieghmann and Emily Swanson, AP
7/21/15 Visitors to Havana can find US-Cuban connections everywhere
Beth Harpaz, The Miami Herald
7/21/15 U.S. Has Made an 'Irreversible Step' With Cuba, Kerry Says
Jon Schuppe, NBC News
7/20/15 Statement Regarding Today’s Reopening of Embassies in Havana and Washington, DC Files
Cuba Study Group
7/20/15 CBS News poll: Resuming relations with Cuba
Sarah Dutton, Jennifer De Pinto, Anthony Salvanto, and Fred Backus, CBS News
7/20/15 US and Cuba reopen embassies after 54 years with no diplomatic ties
Silvia Ayuso, El Pais
7/19/15 Jeffery DeLaurentis: The US State Department's 'Man in Havana'
Katy Watson, BBC
7/19/15 Hope takes over Havana
James Williams and Ricardo Herrero, The Miami Herald
7/12/15 Mitch McConnell Thinks Congress Will Block Obama's Efforts To Engage With Cuba
Reuters
7/11/15 The strange and challenging world of Cuban tech start-ups
Mimi Whitefield, The Miami Herald
7/10/15 How will arrival of US cruise giant affect Cuba?
Oliver Smith, The Telegraph
7/9/15 Airbnb's Secret To Scaling In Cuba
Sarah Kessler, MSN Money
7/9/15 Orlando airport's new charter service to Cuba took off Wednesday
Orlando Sentinel
7/7/15 Censorship still apparent as Cuba forges place in the art world
PBS
7/7/15 Cuba doesn’t love Marco Rubio. Why is that relevant?
Janell Ross, The Washington Post
7/7/15 Hola, Havana! Carnival Cleared by U.S. to Offer Cruises to Cuba
Chris Palmeri, Bloomberg
7/7/15 Cuban dissidents report being attacked by government security forces
Nora Gamez Torres, The Miami Herald
7/6/15 U.S. Cuba Policy: Where Things Stand Now
Felicia Schwartz, The Wall Street Journal
7/6/15 Cuban entrepreneur builds a business on classic American cars
Mimi Whitefield, The Miami Herald
7/6/15 Fight avoided over U.S. ambassador to Cuba, for now
Elise Viebeck, The Washington Post
7/6/15 Restoring U.S.-Cuba diplomatic ties long overdue
Editorial Opinion, The Dallas Morning News
7/4/15 A Reopened Embassy In Havana Could Be A Boon For U.S. Businesses
Michele Peleman, NPR
7/3/15 Obama's Cuba Policy Deserves a Cigar
Editorial Opinion, Bloomberg
7/3/15 Cuba opens WiFi hotspots across country
Adam Justice, International Business Times
7/2/15 Poll: Do you agree with U.S., Cuba opening embassies in each other's capitals?
The New Jersey Journal
7/2/15 How the Presidential Field Responded to Obama's Cuba Announcement
Bloomberg
7/2/15 Trade with Cuba? We already do $300 million worth
Politico
7/2/15 The U.S. and Cuba: A reality check
Politico
7/2/15 Time to accept change in relations
Mike Fernandez, The Miami Herald
7/1/15 U.S. and Cuba to Announce Plan to Reopen Embassies
Peter Baker and Julie Hirchfeld Davis, The New York Times
7/1/15 In ‘historic step,’ Obama announces full diplomatic relations with Cuba
Mimi Whitefield, The Miami Herald
7/1/15 No Internet? No Problem. Inside Cuba's Tech Revolution
Miguel Helft, Forbes
7/1/15 Statement on the Reestablishment of Diplomatic Relations with Cuba Files
Cuba Study Group
7/1/15 Cuba becomes first country to halt mother-to-child transmission of HIV and syphilis – UN health agency
Bloomberg Business