Canadian entrepreneur John McBride, a veteran investor with over four decades of experience in venture capital and early-stage business development, has relocated to El Salvador to oversee his $10 million investment portfolio.
After moving from Panama with his family, McBride launched the first Mail Boxes Etc. center in the country under his corporation EMPODERARsv, part of a broader strategy to expand into logistics, aviation, bitcoin, and strategic mineral mining.
“El Salvador’s bold leadership and economic transformation convinced me this was the right place,” McBride stated, emphasizing President Bukele’s policies. “The practical approach and the notable improvement in security convinced me this was the right place.”
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Why El Salvador?
McBride’s pivot to El Salvador mirrors growing international confidence in the country’s reforms. Since his first visit in January 2022, he has prioritized four ventures:
- Mail Boxes Etc.: A San Salvador-based logistics hub at the World Trade Center, specializing in U.S.-focused e-commerce and international shipping.
- Ship Apollo (maritime freight solutions).
- True North Aviation, including TNA Helicorp for aerial services.
- Satstreet Inc., advancing tech infrastructure.
Partnerships Driving Progress
McBride highlighted collaborations with Salvadoran institutions like Conamype and Invest in El Salvador, calling their teamwork “completely different from any other I’ve had in over 40 years of working with governments.”
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EMPODERARsv integrates community-focused initiatives, aiming to generate skilled jobs and local development. “Being part of this historic transformation – one that can change lives – just feels right,” McBride affirmed.
El Salvador’s Rising Appeal
Backed by reforms like the 2023 Investment Promotion Law, El Salvador has seen a 22% year-on-year increase in foreign direct investment (Central Bank, 2024). McBride’s projects align with sectors prioritized for national growth, reinforcing the country’s emergence as a strategic investment hub.
To explore more examples of investments in El Salvador, visit our dedicated section. While we don’t cover every investment in the country, we highlight a few handpicked initiatives. You can also browse our other sections for diverse topics about El Salvador!
Source: https://diarioelsalvador.com/empresario-canadiense-inaugura-primera-de-cuatro-empresas-en-el-salvador/647354/