US Tractor Plant Changes The Cuban Development Game

Law360, New York ( February 22, 2016, 3:43 PM EST) -- The United States Census Bureau estimates that 400,000 new businesses are established, nationwide, each year. This year, among that large number is a small Alabama startup. In a historic deal approved by the U.S. government, the two-man, Alabama-based company, Oggun, is expected to build a multimillion dollar agricultural equipment assembly plant in Cuba and be selling tractors to Cuban farmers as early as 2017. The deal puts the first U.S. factory on Cuban soil since the 1962 U.S. trade embargo, and creates a sense of irreversible and perhaps unstoppable momentum in the changing relationship between the two countries. This is also welcome news for other companies with their sights set on opportunities in Cuba....

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