According to a recent report in the Barbados Advocate, the jurisdiction is fast becoming a favourite with US corporations seeking to outsource some of their operations offshore.
In an article published earlier this week, the newspaper said that as the US economy 'continues to stumble', firms located in the United States are increasingly looking for ways to 'send their technology projects on a working vacation'.
The Advocate cited the example of Enherent Corporation, a US based IT solutions provider, which is quoted as revealing that projects which go through the company's solutions centre in Barbados come in at costs around 30% to 40% lower than they would in the United States.
A senior company official at Enherent revealed that cost is not the only factor attracting US companies to outsource through Barbados: 'We have the ability to acquire the skills we need very quickly. If the skill isn't there, we can import it from Asia and anywhere else. That's currently not so easy to do in the United States, the official explained to the newspaper.
Industry sources have also suggested that Barbados's relative proximity to the United States, the fact that English is the primary language, and acceptance of US dollars have all contributed to the jurisdiction's popularity.
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