Cuba's economic reforms allow small entrepreneurs to dream big

The new rules, Henry said, mean they can now operate with foreign currency, obtain credit, and sell ice cream to hotels, state-run shops, and even online.There are still plenty of hoops to jump through, according to economists consulted by Reuters. Regulations require companies to go through the state to engage in foreign trade, prohibit entrepreneurs from owning more than one company, and cap individual firms at 100 employees.

“But this is very positive. It marks a new era. You can begin to talk about a mixed economy,” he said. The businesses range in focus from construction, food processing, bakeries, and industrial repair to waterworks, online home delivery, and software production. The government has said it expects to approve thousands more small and medium-sized private businesses over the coming months, such as Cuba’s well-known private restaurants, bars, and hostels.. The Havana company of six swapped its focus from building restoration to making patio and indoors iron and wood furniture, with the hope of tapping the export market.

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