February 05, 2025

Creating a new city from scratch (with Erick Brimen)

1 hour 23 minutes

Read the full transcript here.

What does it take to start a new city, especially one designed to be a special economic zone (SEZ)? What are the advantages and disadvantages to having a private company as manager of a city? Should governments be profit-maximizing? Can people choose to live in one of the Zonas de Empleo y Desarrollo Económico (ZEDE) cities in Honduras while also opting out of its specific government services? What are some legitimate reasons governments should regulate businesses? Are medicines produced in SEZs safe? How do ZEDE investors make money? To what extent can (or should) a SEZ's laws override state and federal laws? What do the ZEDEs in Honduras look like right now? How many people live in them? Why has there been pushback against them? Are SEZs considered "political" projects? Can a SEZ take land from private owners? Is anyone allowed to move into a SEZ?

Erick Brimen is a finance professional, team leader, and serial entrepreneur who is passionate about investing in life-enhancing opportunities that further human flourishing. He has led Honduras Próspera Inc.'s ongoing development of the Próspera ZEDE free zone in Honduras, raising nearly $110 million to advance his vision of eliminating poverty through delivering free market governance as a service. Erick started his career in private banking, working at Brown Brothers Harriman & Co. He later moved to investment banking as a mergers and acquisition sell-side advisor for AG Edwards & Sons (now Wells Fargo). After investment banking, Erick joined Ernst & Young's London consulting practice, where he advised buy-side private equity clients as they considered acquisition targets. Soon after, he was recruited by the Borealis Group to join as CFO of Latin American operations, leading the creation of multiple business units. When the time was right, Erick started his entrepreneurial career in the world of financial intermediation as a founder of ComparaMejor.com. In late 2013, Erick sold another of his tech companies to start NeWay Capital. NeWay Capital LLC is globally-focused and seeks to identify free zone opportunities with partner host countries throughout the world. As Chairman and CEO of NeWay Capital LLC's affiliate Honduras Próspera Inc., Erick is focused on replicating the success of Dubai, Hong Kong, and Singapore in a Honduran free zone located primarily on the beautiful island of Roatán. He has three young children with his wife, Colleen Brimen. He was born Venezuelan and is a U.S. Citizen by choice. Learn more about him at his website, erickbrimen.com.

Staff