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US/Jamaican equity firm champions respectful foreign investment from diaspora


David Paterson , the former New York State governor, called on the diaspora to increase investments in Jamaica in order to reduce the threat of ‘land buying’ investors who show less respect for the culture of the island.

Paterson resents these persons whom he described as not kind in their approach to Jamaica or helpful to blacks in the US.

“They see new markets opening due to new laws in the US and probably think that they can swoop down and start buying up land and doing to Jamaica what has been done to other countries historically,” said Paterson, who is of Jamaican parentage, in an Observer interview at the Spanish Court Hotel in Kingston last week.

Published in the Observer
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