Tamana InTech Park touts benefits of doing business in T&T

Posted by Investt

Tamana Intech Park is Trinidad and Tobago’s centre of innovation, technology and global entrepreneurship where world-class development and ground-breaking ideas are nurtured. Located in Wallerfield, it is the largest Science and Technology Eco-Business Park in the Caribbean, spanning 1,100 acres.

The Park’s Phase One offerings include 21 market ready land lots, ranging from 1-20 acres and over 100,000 sq ft of leasable space in its sustainably designed “green” flagship office complex. The park will be tenanted by technology based, export-oriented companies involved in: ICT, High Value Manufacturing, Clean Technologies, Agro-Processing and Knowledge based sectors. Along with its industrialisation, Tamana will provide strong environmental appeal, with 30 percent of the park dedicated to green space.

The mix of local companies and high tech-international manufacturers being courted will share industry-compatible infrastructure and support requirements. Tamana's sophisticated infrastructure ensures that businesses of all sizes will have excellent access to connectivity, security, reliability and convenience. The Flagship Office Complex is equipped with a modern Building Management System (BMS) designed to ensure operational efficiency, energy efficiency and employee comfort. The efficient infrastructure is underpinned by underground utilities for street lighting, electrical supply and telecommunications.

Tamana InTech Park is already attracting transnational companies seeking the benefits of its cluster design and the synergies that it promotes. The first to sign on was Trinidad-based energy service company Energy Dynamics, which currently has projects and operations throughout the English-speaking Caribbean and the Dominican Republic. Energy Dynamics intends to begin construction of its warehouse and office soon.

A US multi-million deal has also been penned with Columbus Communications that includes a lease agreement at the technology park as well as a data centre. Additionally, negotiations are under way for lease of the 141,750square-foot flagship building with an unnamed international company specialising in medical care.

One of the Park’s largest tenants is The University of Trinidad and Tobago (UTT). It plans to offer collaboration with park tenants, trained local professionals to meet their human resources needs, provide support in industry-sponsored research and manage innovations and intellectual property.

Other well-documented benefits for foreign direct investors who consider locating in Trinidad and Tobago include a low cost of doing business. From start-up and regulations to utility costs, T&T offers lower costs than many other countries with close proximity to U.S. and Latin American markets. Its generous incentives and ease of doing business add to the advantages of this location for technology and science industries.

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