A zone for meritocracy — that alone would be an achievement in Guatemala. Since the first coffee boom that began around 1875, Guatemala’s economy has been defined by wild swings, cronyism and wide income disparities, with ethnic and class divisions that have mostly kept the poor poor and the rich rich.
And yet, as an urban microprocessor — a catalyst for change — Campus Tec is showing signs of promise. After about a year of operation, neighbors say it is already stirring a small revival in a district called 4 Grados that has had its ups and downs.
Many of the companies inside, under exposed air ducts meant to signify Important Creative Work, were founded by Guatemalans with foreign experience. The motion graphics start-up on the seventh floor, BigoMo, consisted of two people: one, Pedro Méndez, 28, had worked in Spain; the other, Kristoffer Hormander, 25, recently returned from three years at Full Sail University outside Orlando, Fla. Both said that they came back to Guatemala because they felt there were more opportunities for creativity, and less competition for business. One recent independent report, from The Global Entrepreneurship Monitor, found that the average cost to start a business in Guatemala is only $7,569, compared with $17,513 in Brazil and $39,670 in Costa Rica. “I honestly think a new Guatemala is being born right now,” Mr. Mini said. “But,” he added, “it’s going to take time.”
Under Campus Tec help or assistance, I think you will be better and better.