The Puerto Rico Public-Private Partnership Authority is currently reviewing 11 applications submitted by as many central government agencies and municipalities seeking to develop a variety of projects ranging from a women’s correctional facility to road extensions, requiring more than $2 billion in estimated investments.
Interest in the Novotrén commuter train connecting Caguas to San Juan is apparently strong enough that more than half a dozen firms are waiting in the wings to participate in the bidding process for the project whose cost is estimated at $400 million.
The INOVA Incubation Program in Caguas recently marked its fifth anniversary with the “graduation” of the first companies born there, which so far have created 200 direct and 400 indirect jobs. The program also celebrated the national recognition given to one of its resident companies by the National Business Incubation Association, a first for Puerto Rico.
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