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Isla de Cabras

Michelle Kantrow February 17, 2022
FEMA allocated more than $1.2 million to the Department of Natural and Environmental Resources (DNER, in Spanish) to repair the Isla de Cabras recreational facility in Toa Baja. (Credit: FEMA/Eliezer Hernández)

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“Customers continue to spend, maybe not at the same pace as during the [COVID-19] pandemic, but it continues to be the motor of the economy in Puerto Rico and in the [mainland] U.S.”

 

— Ignacio Álvarez, CEO of Popular Inc., on the bank’s first-quarter earnings, which although declined compared to last year’s figures due to industry-wide adjustments, sustained consumer spending remains a positive indicator.

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