CHANGE: Havana is expected to allow Cubans in Miami, elsewhere to own businesses on the island.

The Cuban government is expected to announce as early as next week economic reforms to allow Cuban Americans living in South Florida and elsewhere in the U.S. and around the world to invest and own private businesses on the island, the Miami Herald has learned.

The economic opening comes amid unprecedented pressure by the Trump administration, which has cut off oil supplies to the Cuban government, and ongoing talks between the two countries acknowledged by Cuban leaders for the first time on Friday.

“The return of the Cuban diaspora is imminent,” said one source who is knowledgeable about the expected measures and who asked not to be identified to speak of the sensitive matter. According to the source, the Cuban government is likely to allow Cubans living abroad to own private enterprises the Cuban government has labeled mipymes — pronounced mee-PEE-mes —the Spanish acronym for micro, small and medium enterprises.

As Glenn asked last month on his Substack, “Will Cuba be Libre soon, and if so what happens next? And after that?”