Special Economic Zone
After an internship at Cayman Enterprise City, 16-year-old Thalia Ramos and 20-year-old Neith Rheingold leave with a better understanding of how Cayman’s special economic zone works.
The interns worked alongside staff and sat in on client meetings and overseas client presentation calls. They also learned about the process of setting up a company in the zone and the steps clients have to go through to get established.
“The whole idea behind the internships is to get young people like Thalia and Neith to think about the possibilities for their future here at Cayman Enterprise City in the years to come,” CEO Charlie Kirkconnell said. “It’s only going to get better as CEC grows”.
The zone now has more than 72 companies signed up and doing international business or in the licensing process, from the industries of Internet and technology, media and marketing, commodities and derivatives, and biotechnology and academia. Another 180-plus companies are in the sales pipeline, according to a news release.
Ms Ramos and Mr. Rheingold were the winners of an Enterprise City-sponsored video contest and received internships in the zone. They both plan to attend college in the fall. Ms Ramos will study accounting locally, while Mr. Rheingold will go to the UK to resume his studies in business. The interns said they especially enjoyed meeting with entrepreneurs who have started businesses in the special economic zone and hearing how they took good ideas and made them successful. One Enterprise City client they met launched a global marketing company and another started a business in commodities trading.
“I’m interested in finance and accounting, so this was very interesting to me,” Ms Ramos said, adding that talking to the new business owners taught her an important lesson. “If I work hard enough, I could be where they are now.”
Mr. Rheingold agreed that these discussions with entrepreneurs who are making their dreams a reality were inspiring. “There are many ideas that can be successful, so if you have a good idea, just go for it!” he said.
“I definitely think I’m on the right track,” Mr. Rheingold said. “This experience gave me better insight and showed me what I can get into, to move up and learn more.”