Philadelphia-based Cuba Libre Restaurant & Rum Bar will open its first restaurant outside the U.S. mainland at the Plaza Las Américas mall in January 2021, the company announced. The planned 10,000 square foot restaurant will represent an investment of $8.6 million and is expected to create more than 200 new restaurant and construction jobs. Cuba […]
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, have obligated more than $5.4 million in additional funds for 44 recovery and reconstruction projects in Puerto Rico. The funds were obligated on Dec. 5-12. FEMA and COR3 continue to work together to develop strategies that advance recovery projects. […]
The Puerto Rico Economic Development Bank’s Economic Activity index reached 121.6 in October 2019, a 0.4% increase compared to October 2018, the first positive growth after four year- over-year consecutive declines, and a 0.3% rise when compared to September 2019. The annual comparison is with respect to October 2018, when electricity was restored to those […]
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