Given the current economic crisis, many businesses could be desperately seeking new sources of revenues to support their cash flow needs and overall operations. However, this is not necessarily the right moment to kick off new projects or to launch new products. The situation rather calls for actions that will solidify the financial position of […]
It is the public understanding that the Financial Oversight and Management Board for Puerto Rico (FOMB) is “tasked with working with the people and government of Puerto Rico to create the necessary foundation for economic growth and to restore opportunity to the people of Puerto Rico.” Furthermore, its express statutory mandate includes that “at any time submit […]
Ponce Health Sciences University (PHSU) will soon break ground on a new academic building. With an investment of $72 million, this project will generate 485 direct and 1,090 indirect jobs in Puerto Rico. The new development is part of a larger-scale campus expansion that includes a parking garage and student housing and other projects; an […]
The irregularities which characterized the deficient government response to the consequences of Hurricane María in 2017 should have been sufficient warning to public administrators about the need to establish strict protocols and scrutiny regarding the use of emergency funds. But three years later, neglect, lack of transparency and shady deals remain the norm amid the […]
As of earlier this week, roughly 2 million Puerto Ricans out of the island’s estimated 3.2 million residents have thus far completed the 2020 Census. This response rate represents 79.1% participation. While this is an improvement from earlier numbers, the island still has 20% of its citizens uncounted. An undercounting of the island’s residents may […]
During periods of major disruption, confusion and chaos often obscure reality, vision, cause and effect, and clarity of thought. With Hurricane María, bankruptcy, global warming, governmental disintegration, and the pandemic – just to name a few – it’s not surprising that Puerto Rico has also been suffering from encumbered decision-making from antiquated leadership. With the […]
Founded or unfounded, the number of complaints filed against companies alleging employment related claims are on the rise. Due to the duality of jurisdictions under which our employer-employment laws operate, the multiplicity of rules and regulations, and a continually changing environment, there is ample room for labor complaints to come forward, exposing employers to significant […]
The U.S. government is increasingly becoming aware of the challenges of China’s entrance in the Caribbean with their Belts and Roads Initiative. Some of China’s infrastructure logistics development projects will be designed with a military/civilian dual-use in strategic areas. Also, China’s economic proposals aim to gain political soft power, in an area that is considered the […]
The coronavirus pandemic, the January 2020 earthquakes and Hurricane María in 2017 have shown us the urgent need for resilient infrastructure in Puerto Rico. Using the United Natons’ “2030 Agenda for Sustainable Development” (SDG) as a framework and the most recent American Society of Civil Engineers (ASCE) “Puerto Rico Infrastructure Report Card,” Puerto Rico is […]
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 […]
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