How's the economy in Coronado, Panama?
Col Davis Stevenson RET
Coronado is a beach resort which has grown from just a few weekend homes to a very large weekend community. The economy in Coronado is geared to catering to the weekend residents and the new hotels being buiilt. The majority of the jobs are service oriented and at the same time other businesses have grown due to the large number of people that spend their weekends at Coronado, which has led to many jobs being created which has given the local communities spending power. Of late Coronado...
Coronado is a beach resort which has grown from just a few weekend homes to a very large weekend community. The economy in Coronado is geared to catering to the weekend residents and the new hotels being buiilt. The majority of the jobs are service oriented and at the same time other businesses have grown due to the large number of people that spend their weekends at Coronado, which has led to many jobs being created which has given the local communities spending power. Of late Coronado has started to appeal to others such as retirees and the potential of communting to Panama City.
Posted April 1, 2013
Elizabeth Vance - The Gringo Guide To Panama: What To Know Before You Go
It's important to note that the economy in the Coronado beach area in Panama is just that - a beach community. Office parks and more professional types of business simply don't exist in this area, not yet. Tele-commuting is definitely a possibility, if you have that type of portability in your career.
It's important to note that the economy in the Coronado beach area in Panama is just that - a beach community. Office parks and more professional types of business simply don't exist in this area, not yet. Tele-commuting is definitely a possibility, if you have that type of portability in your career.
Posted October 15, 2013
Ana Camboa - Desarrollo Turistico Buenaventura
The economy in Coronado, Panama, and the areas around it is based in tourism and beach resort development. The Coronado area is one of the most popular because of its proximity to Panama City, Valle de Anton and the other beaches.
The activities related to tourism have increased the economy in Coronado in the last several years. Malls, restaurants, hotels, resorts and related amenities have been developed to supply the needs of...
The economy in Coronado, Panama, and the areas around it is based in tourism and beach resort development. The Coronado area is one of the most popular because of its proximity to Panama City, Valle de Anton and the other beaches.
The activities related to tourism have increased the economy in Coronado in the last several years. Malls, restaurants, hotels, resorts and related amenities have been developed to supply the needs of visitors and, lately, the residents who buy beach homes in this area.
As Coronado is very near to capital city, people from Panama City usually go to the beach frequently, even in the rainy season, so there is a high demand for goods that need to be supplied every weekend, all of which is good for the economy.
Posted June 5, 2014
Shai Gold - International-Triage Medical Networks
While the volume of economic activity in the Coronado, Panama area is growing, the boom is confined to weekend housing developments in the surrounding area. Coronado itself is a large master development with various sub-developments and a small shopping area consisting of two strip centers. The practical meaning of weekend housing is that the bulk of any retail, food and entertainment business is from Thursday to Sunday and the variety is limited.
Enjoy...
While the volume of economic activity in the Coronado, Panama area is growing, the boom is confined to weekend housing developments in the surrounding area. Coronado itself is a large master development with various sub-developments and a small shopping area consisting of two strip centers. The practical meaning of weekend housing is that the bulk of any retail, food and entertainment business is from Thursday to Sunday and the variety is limited.
Enjoy Coronado
Posted June 7, 2014
Rosario Townshend - Multimodal & Logistic Transports Magazine
In order to discuss the economy of the Coronado area of Panamá, it is a good idea to put that economy in historical context.. It is in this way that we can get a better feel for the overall economic trajectory.
In order to discuss the economy of the Coronado area of Panamá, it is a good idea to put that economy in historical context.. It is in this way that we can get a better feel for the overall economic trajectory.
The Coronado area proper was founded in 1941 by visionary Robert Eisenman, and to this day, remains in the same family. Coronado is located about one hour by car from the city of Panamá, by the beautiful and peaceful Pacific Ocean.
Coronado began as a small country town. Later, a resort was added, along with an equestrian and golf club, where today, international events take place.
Coronado was the primary resort in the area, and the place where Panamanians started building their country houses, where they could go to visit for weekends and holidays. In more recent times, many expats from different countries have chosen this same area for their retirement.
With extraordinary growth, especially in what is called the "Tourism Corridor", between the popular towns of Chorrera and Penonomé, this area has proven to be of great interest to investors, especially after the new nearby international airport of "Río Hato" began operations in 2014.
The facilities and allure of Coronado, Panamá, attracts locals as well as visitors. Chame, Gorgona (with its black sand) and Coronado are especially known for their beautiful beaches, where surfers from all over the world come for entertainment and competitions. (As a side note, Santa Catalina, located in the province of Veraguas, is also a great place for surfing).
The Coronado area has all the "First World" facilities one could ask for, including a modern emergency hospital, three malls, hotels, restaurants, pharmacies, government offices, a post office, internet cafes, Catholic churches (and other, less prominent churches as well), little picturesque parks, lots of vegetation, flowers, rivers, and outdoor adventure opportunities. Coronado also boasts the ability to easily visit nearby towns and mountains, such as El Valle de Antón, a beautiful valley only 45 minutes away by car, and cooler than by the ocean.
Coronado has been a leader in the expansion of the entire area, with this infrastructure and economic growth going hand-in-hand with the significant growth that Panamá, as a country, is experiencing.
Posted June 11, 2014
Denise Patrick - Panama Roadrunner Secure Transport
The economy in Coronado, Panama, is booming. There are five pieces of land that they are developing right now and they have opened at least three new buildings in the last three months. They just added a third gas station, which opened on Easter. We have three major grocery stores and a fourth one came in and opened a little boutique store, which I think is a test run to open up the market. I think they are going to open up a plus-sized store market here as well because they feel...The economy in Coronado, Panama, is booming. There are five pieces of land that they are developing right now and they have opened at least three new buildings in the last three months. They just added a third gas station, which opened on Easter. We have three major grocery stores and a fourth one came in and opened a little boutique store, which I think is a test run to open up the market. I think they are going to open up a plus-sized store market here as well because they feel that they have enough market for one.On the weekends, shopping in Coronado just goes crazy. You could be twenty deep in line with ten cashiers trying to buy a single item at a grocery store. There are a lot of people who come here and spend a lot of money. Every time somebody says they can’t get somebody to do something or if they can’t find a certain item, I just think, “there is another job or a business opportunity.”
(Pictured: the newly constructed Hotel RIU, Playa Blanca, Coronado area, Panama.)
Posted May 31, 2015
Kevin Painter - Azura
The economy in Coronado, Panama is great. All the businesses that I've seen here; the restaurants, the shops that are opening, etc. are doing well because of the influx mainly of people from the US. We have Canadians, Europeans, and Venezuelans also coming in. We've just had people buy here from Argentina. So we're getting to be like a little hub and it's just a mix but mainly Americans are here and the economy of the local area is good...
The economy in Coronado, Panama is great. All the businesses that I've seen here; the restaurants, the shops that are opening, etc. are doing well because of the influx mainly of people from the US. We have Canadians, Europeans, and Venezuelans also coming in. We've just had people buy here from Argentina. So we're getting to be like a little hub and it's just a mix but mainly Americans are here and the economy of the local area is good because of that.
(Room in Vistas Mar Golf Resort, San Carlos, near Coronado, Panama, pictured.)
Posted August 27, 2015
Evie Brooks - Panama Vacation Realty
The Coronado, Panama area has massive growth and is projected to be the second hub of Panama.From the time I’ve been living here, which is almost four years now, Coronado has grown exponentially. They brought in a DoIt store, which is like Home Depot in the United States. They brought in a Riba Smith supermarket in one smaller location but they are expanding and it’s going to be the largest Riba Smith in all of Panama
According to demographics and growth...
The Coronado, Panama area has massive growth and is projected to be the second hub of Panama.From the time I’ve been living here, which is almost four years now, Coronado has grown exponentially. They brought in a DoIt store, which is like Home Depot in the United States. They brought in a Riba Smith supermarket in one smaller location but they are expanding and it’s going to be the largest Riba Smith in all of Panama
According to demographics and growth experts, this growth would not be happening if Coronado were not the hottest area in Panama for expats. More restaurants, banks, grocery stores, and everything else pop up every time I get back to Panama, every 6 weeks or so. There are new buildings coming up everywhere in Coronado. The growth is incredible.
Posted October 30, 2015
Abdu Aguilar
There are plenty of jobs in Coronado. The problem is the government supports this ideology of giving welfare to the people. It happened to me when I came to Coronado. I tried to hire someone local but it was very tough. I spent almost two weeks to hire someone who speaks English and someone who has a knowledge of sales. It was very, very complicated. People sometimes do not want to work at all. Most of them are very lazy. A couple of years ago, we hired...
There are plenty of jobs in Coronado. The problem is the government supports this ideology of giving welfare to the people. It happened to me when I came to Coronado. I tried to hire someone local but it was very tough. I spent almost two weeks to hire someone who speaks English and someone who has a knowledge of sales. It was very, very complicated. People sometimes do not want to work at all. Most of them are very lazy. A couple of years ago, we hired someone local here. And she was always at home. She just told the security guard to call her if someone comes to the sales office and she will come! So in general, there are lots of jobs in Coronado but hiring people is difficult because you have to prioritize hiring the locals but some of the locals are becoming lazy and they don’t want to do the job. They prefer to be in an office with air-conditioning, and earn a thousand dollars just like that. That’s the reality in Coronado. The salary here is not the best but people are willing to pay you if you do a good job.
That’s is why we bring people from Panama City who are tired of the traffic there and we just pay them a little bit more in order for them to come over. There are lots of foreign people here in Coronado, such as Venezuelans and Colombians, who are looking for jobs and they have good resumes but they don’t have work permits. There were several Venezuelans who applied for jobs in our office. They had good resumes and they speak English but the problem was their work permit, so I couldn’t hire them. That happens in Panama City as well. There are lots of jobs that Panamanians do not want to take and the ones who are willing to apply are Venezuelans and Colombians who really need the job.
The main thing about the economy of Panama right now is the job issue. It is not because there are no jobs. The problem is that Panamanians do not want these jobs because the government pays you welfare if you reach 70 years old. If you have kids in the school, they also pay for your kids’ education. If you can prove that you are poor, the government will give you money. To me, it is a bad idea and I don’t like it at all.
In general, there are plenty of ways to make money here in Panama. The economy is not that bad at all. It is in fact, really good. If you want to earn money, there are different ways to make it such as marketing, blogging, teaching English, and many, many others.
(Homes along the beach, Coronado, Panama, pictured.)
Posted May 10, 2016