Government

Governor: Private sector has already pledged 16K jobs

Gov. Alejandro García-Padilla speaks to PRMA members Thursday. Gov. Alejandro García-Padilla speaks to PRMA members Thursday.

Gov. Alejandro García-Padilla detailed Thursday the progress of his administration’s strategies to revive the island’s economy, saying among other things that the private sector has already pledged to create 15,896 of the 50,000 he vowed to lock down in the first 18 months of his tenure.

Speaking to members of the Puerto Rico Manufacturers Association, the governor said jobs promised span all economic sectors, including manufacturing.

During his address, García-Padilla also announced the launching of the www.empleosahora.pr website, through which companies can apply for benefits granted under the Jobs Now Act approved last month.

“Users may apply for the benefits of the law immediately. By May, we will be granting the first energy credits [available under the law]. I hope that more entrepreneurs join this effort and bet on the island,” he said.

Regarding energy, another issue the PRMA has raised as issues that must be addressed to re-energize Puerto Rico’s socio-economic development, García-Padilla “we all agree the current energy situation is unsustainable. It is not good for the island in general, is not good for industrial climate, and is a deterrent to attracting investment.”

That said, he noted his administration has placed high priority on developing an energy reform “to cover all the bases:” production costs, diversification of energy sources, fiscal consolidation of the Puerto Rico Electric Power Authority, environmental protection, and the rate structure, among others.

Several initiatives underway are wrapping up the modification to two units at the Costa Sur production plant to begin burning 100 percent natural gas, as well as converting two units at the Aguirre energy plant to do the same, thus pulling away from the dependency on petroleum-based products to produce power.

“These and other measures will result in less expensive and more efficient energy production, something that homes, business and industry need,” the chief executive said.

Author Details
Business reporter with 25 years of experience writing for weekly and daily newspapers, as well as trade publications in Puerto Rico. My list of former employers includes Caribbean Business, The San Juan Star, and the Puerto Rico Daily Sun, among others. My areas of expertise include telecommunications, technology, retail, agriculture, tourism, banking and most other areas of the economy.

Can we count on you?

As recent events have shown us, independent and responsible journalism is more important than ever. That’s why your support is very necessary to ensure that we will be around for a while!

We want to stay true to our mission of delivering quality journalism…for that, we count on your support. Every contribution, big or small, is greatly appreciated!

Use the PayPal button below and contribute today!


Comment here