After Cuba beckons, Miami entrepreneurs are mostly reluctant to invest in the island
"I don't think a single businessman, not a single Cuban in exile, will invest in this island where there is no legal security," said Ivan Herrera, director of the Univista insurance company, calling the initiative "a huge scam."
The entrepreneur, whose grandfather was a political prisoner for 12 years before fleeing to Miami, refuses to invest under what he calls the "criminal" government.
This opening by Havana, a serious breach in the island's anti-capitalist system, comes as the Cuban economy teeters on the brink of collapse.