• Rodrick Miller’s contract ends next June 30; the organization’s current Chief Operating Officer, Ella Woger-Nieves, will take his place.
• During its start-up phase, the economic development organization has managed to establish important companies in innovative sectors on the island, while developing systems to ensure continuity in its investment attraction efforts.

SAN JUAN, PUERTO RICO – May 12, 2022 – The Board of Directors of Invest Puerto Rico (InvestPR), the economic development organization whose mission is to attract investment to the island, announced that Rodrick Miller will not renew his contract as Chief Executive Officer of the entity after it expires on June 30. As of that date, Ella Woger-Nieves, InvestPR’s current Chief Operating Officer, will continue to lead the organization as Acting Chief Executive Officer. The Board reassured InvestPR’s stability having built organizational capacity with a team of outstanding professionals, defined its strategic promotion plan, and secured important achievements that have impacted the local economy.

Miller was hired by the InvestPR Board in 2019 to lead the launch of a world-class investment attraction plan for Puerto Rico, leveraging his proven experience of more than 20 years of leading high-impact economic development organizations nationwide. As a world-renowned expert on economic recovery, Miller was directly involved in the transformation of cities such as New Orleans after Hurricane Katrina; Detroit after bankruptcy; and Puerto Rico after the approval of the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA), Hurricane Maria, and amid the ongoing coronavirus pandemic.

During his leadership, Miller established a fully operational organization, hired top talent, developed and implemented a data-driven promotion plan focused on strategic sectors, and transferred valuable economic development knowledge to the team to continue initiatives, successfully completing the objectives for InvestPR’s initial phase. In three years of operation, Miller has led initiatives that have resulted in 1,200 new businesses, $330 million in investment capital, and 8,500 committed jobs with an average annual payroll of $60,000.

“I am extremely proud of everything that Puerto Rico has accomplished in these past three years to accelerate its economic development. Puerto Ricans’ spirit of resilience is in large part the reason the island has overcome challenges like Maria, the fiscal crisis, and the pandemic. That ability to adapt is precisely the key ingredient that is driving the island’s transformation as a world-class investment destination and as a global center for innovation and development that competes at the international level. I depart from InvestPR after building a highly committed team, capable of continuing the mission,” said Miller.

Miller’s top achievements at InvestPR include attracting to Puerto Rico important new companies, such as bioscience manufacturers CytoImmune, Ocyonbio, and Aurobindo, Amazon Web Services, and dozens more in the technology, finance, and export services sectors. Miller also led key efforts to match Puerto Rico’s posture to other leading investment attraction markets through the development and use of technologies that facilitate lead generation, as well as initiatives to improve the island’s competitiveness and its brand positioning as an investment destination. These include the creation of Impeller, an innovative digital platform that connects investors from all over the world with local companies seeking capital, the acquisition of artificial intelligence tools to connect with prospects and achieve results even during the pandemic, as well as the “Game-Changers, Welcome Home” brand campaign, which repositioned the island’s value proposition by reframing Puerto Rico as a center of innovation for entrepreneurs.

For his part, Manuel Cidre, Secretary of the Department of Economic Development and Commerce and Chairman of the Board of Directors of InvestPR said, “Rodrick has led Puerto Rico’s repositioning abroad at a critical moment. Beyond leveraging tools such as incentives, Rodrick bet on the island’s value proposition —its human capital, a robust business ecosystem, 21st-century infrastructure in development, the strength of our professional networks, and other assets— to elevate Puerto Rico as an undeniable investment destination. He leaves an exemplary model that InvestPR will follow to continue reaping successes in job creation and investment opportunities for Puerto Rico.”

As informed, a transition process has begun for Ella Woger-Nieves to assume the role of Acting Chief Executive Officer. Woger-Nieves has led InvestPR ‘s operations since its inception in 2018 and has been instrumental in the organization’s development as its COO. Woger-Nieves is an accomplished Puerto Rican executive with more than twenty years of international experience in marketing and strategic consulting.

InvestPR ‘s leadership team will secure continuity of the organization’s promotion plan, including major sponsorships of important events such as BIO International and SelectUSA, two of the most impactful investment attraction conferences for the island.