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First Global Management
Interoffice Memorandum
To: Samantha Baker
From: Kenneth Oms
Date: 5/16/2015
Subject: Results of South & CentralAmerican Locations
I have completed the search for a location best suited for our companies’ need in Mexico,
South, and Central America –deciding that Panama City is the best location.
Why Panama City
From the scenic beach to the high-rise apartment and skyscrapers, Panama City is
evolving into a hybrid of New York and Miami. Both are locations that our clients
are familiar with – due to our businesses ventures in both. As Tim Neville, journalist
of The New York Times, states in his article about the city, “You hear German,
Portuguese and English on the streets” (Neville). This proves that there is a strong
mixture of cultural identities throughout the city. Something that our employees are
sure to welcome, and would make them feel at home, yet proves that communication
should not be a problem.
The Concern of a Comfortable Life.
Mark Holston, a regular journalist for Americas, speaks of a couple who has moved
to Panama City and why in his article: Panama City On the Rise. “Like some 20,000
other North Americans have done in recent years, the Seattle, Washington couple
moved to Panama to take advantage of affordable health care and a lower cost of
living,” (Holston). Holston speaks of many similar first-hand accounts of why North
Americans, and people of other nationalities, are staying in Panama City. With
affordable health care, lower cost of living, our employees will live comfortable
lives that are very reminiscent to the ones they are living now - near our North
America branch offices.
Transportation
Panama City is also constantly improving their transportation methods for ease of

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access to all residents. In an article conducted by Business Wire they write that The
Multilateral Investment Guarantee Agency (MIGA for short) announced that it was
supporting the government of Panama’s efforts to construct a modern and integrated
mass-transit system. They go on to state that “Given the current state of
transportation and mobility in Panama City’s urban center, the metro project will
have a positive effect on the livelihoods of the city’s residents and commuters. It
will reduce travel times, vehicle operating costs, and greenhouse gas emissions,
while helping people living in suburban regions access jobs and educational services
in the city,” (Bizzwire). This goes to show that Panama City is currently a hot spot
for improvement, and that outside firms are seeing enough potential to step in and
help the government improve its capital. Not only does it show that Panama City is
constantly evolving, but the article also shows us that our employees’ will have
environment friendly transportation, and also health friendly transportation. They
will have ease of access without being in jeopardy.
Safety
Returning to one of my main sources, Tim Neville of The New York Times, he
speaks about his encounter with police officers in Panama City explaining that they
are well equipped for any situation. “An elite division of stern-looking police
officers patrol the area with motorcycles,” (Neville). While this may sound a little
intimidating, he goes on to interview a business owner from New Jersey who says “I
was definitely nervous about coming here at first, I can’t begin to tell you how much
it has all changed,” (Neville). The police officers, although stern-looking, enforce
the law very well for crime rates have dropped significantly, and high-end
businesses men have helped in this endeavor. “Hardin, the developer, has been one
of the major players behind that change. His firm buys property in Casco Viejo,
renovates it and sells it for about $2,500 per square meter on average. Along the
way, he builds affordable housing and works to get kids off the streets by offering
jobs that ultimately improve the neighborhood” (Neville).
Hoping that my sources have provided enough first-hand accounts to assuade any
fears and concerns, I can offer more information on prices, hotels, and local
businesses if interested.
Word Count: 640

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References
Multilateral Investment Guarantee Agency, (MIGA). "MIGA Guarantee Backs Panama City
Metro Line." Business Wire (English) 7:Regional Business News. Web. 4 Apr. 2014.
Neville, Tim. "Panama City Rising." The New York Times - Breaking News, World News &
Multimedia. New York Times, 3 May 2013. Web. 4 Apr. 2014.
"Panama City on the Rise: Located on the Pacific Ocean Entrance to the Panama Canal, This
Capital City Is Undergoing a Massive Transformation Involving Critical Historic
Restoration and Essential New Development." Americas (English Edition) 2010: 12.
Academic OneFile. Web. 4 Apr. 2014.