As Puerto Rico still dwells on the recovery and the problems with the expected federal programs, there’s still a pervasive interest in having public and private institutions in the island tap into other competitive federal grant funding programs. Notwithstanding this approach could help address some of the current ills, it is not a panacea, and […]
Puerto Rico’s economy has been in continuous decline for over a decade. The government’s bankruptcy and lack of market access, coupled with the increasing absence of credibility and trust in our rule of law and democratic institutions, have caused an economic free fall that has only been offset by federal assistance for disaster relief and […]
On Sept. 20, 2017, Hurricane María made landfall on Puerto Rico, causing widespread devastation. This disaster not only impacted residents of the island, resulting in increased net out-migration from Puerto Rico to other parts of the United States, but also the quality of data typically used to measure migration patterns. During 2018, people began to […]
I’ve been executive director of nonprofit Cáritas de Puerto Rico for longer than I’ve been a priest. Thirteen years, one devastating hurricane, countless tremors, one pandemic and counting. But of all the misery, need and challenges that I’ve witnessed through my chosen career, one is more despiteful than any: indifference. I’ve seen it, at some […]
Sometimes it seems that the famous Colombian author Gabriel Garcia Marquez had used Puerto Rico as the model for at least two of its best-selling novels. Many make reference to Puerto Rico being like “Macondo” from “100 Years of Solitude.” As we endure the effects of Tropical Storm Isiah, and with the background of the […]
For a decade, we have heard that the cloud has changed the way we interact with technology. We have real-time access to data, instant information, live connected and faster communications. We’re talking about productivity, competitiveness, mobility and flexibility. The cloud is transforming us. But not all clouds are created equal. The “first generation cloud” was […]
Businesses have been caught off-guard by the arrival of the novel coronavirus, most of them completely unprepared for its effects. Virtually overnight, the virus has thrown both our economy and our daily lives into disarray. Government restrictions enacted to halt the rapid spread of the virus have paralyzed large swaths of the economy, leaving thousands […]
Puerto Rico and federal government officials unveiled plans for the De Diego Village, a $34 million affordable and multifamily housing complex to be located in the Río Piedras urban center that will include a commercial area to promote the revitalization of the once active area of San Juan. The investment includes $18.1 million in Community […]
“We cannot solve our problems with the same thinking we used when we created them.”– Albert Einstein Jokingly, a meme on Facebook asks people from Puerto Rico to fill out a checklist regarding all the incidents and disasters they have endured. A hurricane, an earthquake, a pandemic, a lockdown and a blackout are among the […]
The global economic landscape created by the new coronavirus pandemic could represent an opportunity for Puerto Rico to re-insert itself with prominence into the U.S. medical supply chain. We know that we have the right workforce for the pharmaceutical industry, and the world knows that the financial devastation left by the 2017 hurricanes and now […]
It was March 14, 2020, when I first heard the news about an imminent lockdown for Puerto Rico. My first thoughts were my family and my tutoring business that had been open for only one month. My family’s health? My students? My income? Now what? With sadness and, at the same time with enthusiasm. I […]
In 2015, the United Nations General Assembly held its Sustainable Development Summit. During said event, 17 objectives that make up its 2030 Sustainable Development Agenda were approved and adopted. Some 193 member countries ratified the route to a new paradigm of global development by laying out a path or blueprint for achieving it. What are […]
In 2012, the U.S. Department of Justice (DOJ) issued a Resource Guide of the Foreign Corrupt Practices Act (FCPA). Since then, much has happened in the landscape of investigations and enforcement actions against corporations doing business in the United States. For starters, in 2018 the agency changed its policy from fighting corporate fraud and misconduct […]
Technological innovations not only transform, evolve and improve certain products or services; they also drive economic growth. To achieve such innovation, companies need to walk the talk and pave the road to success for other entrepreneurs in their economic landscape. Some actions in that direction include promoting good concepts, enabling support networks and providing adequate […]
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