BENEFITS OF CYBERPARKS • • Employment Growth – the local BPO • Exchange over 1,000 jobs in the country. exchange earner as they provide the Beltraide asserts that with concerted infrastructure and human resources GOB and other local support, that for international BPOs and ITES to number could well be over 10,000 in operate in the country. For example, in five years. 2010, BPOs in Belize generated over US$18,000,000 Other Businesses Spread Effects – employed local 1,000 and people. Million in the next five years. working spaces. As mentioned above, to over Belize ITES can generate nearly US$150 the inputs that it needs most is large impetus in foreign GOB and other local efforts, BPOs and local construction industry as one of the great Beltraide asserts that with concerted for other local industries such as the generate a – Cyberparks Cyber park development also helps to are Earned industry in Belize has already created Cyber Parks can also create a boost • Foreign • Local Bandwith and Technology Enhancements – The development of development of industries such as cyber building construction, real estate, development of other ICT related retail, and lifestyle and recreation. enhancements such as greater local Hiring of Technical and Technology Graduates – Cyberparks and the companies located in them are always looking for technical and technology graduates. This is why many of them locate near to a university or technical school. Beltraide intends to work with the ITVET and the sixth forms and University of Belize to develop the pool of skilled workers necessary for BPOs and ITES organizations to operate effectively in Belize. Belize ICT National Strategy parks bandwidth can and also other spur IT the related technologies not currently available locally such as VOIP. Because ICT companies in the cyberparks will be requesting greater bandwith that what is currently available in Belize (4MB), they will spur Telecommunications the Providers local to provide more bandwith which can then be made available to the local market. The same can also be said of ICT related technologies not currently available to the local market. 58