The Puerto Rico Manufacturers Association will submit four specific proposals to the Congressional Task Force on Economic Growth in Puerto Rico addressing mechanisms to spur economic development on the island in different sectors, trade group President Rodrigo Masses announced Thursday.
Members of Puerto Rico’s economic development team and private sector representatives will participate this week in the SelectUSA Investment Summit, hosted by the U.S. Department of Commerce, to present a united front to promote foreign direct investment on the island.
Former New York City Mayor Rudy Giuliani urged Puerto Rico leaders to place making the island a secure place to visit, live and do business a top priority, because it will ultimately lead to economic development.
The Local Redevelopment Authority for the former Roosevelt Roads Naval Base in Ceiba and Clark Realty Capital on Monday signed the agreement that marks the beginning of negotiations leading to the eventual adoption of the "Master Developer" contract, scheduled for June 30, government officials announced Monday.
The Puerto Rico Science, Technology and Research Trust is on schedule to announce the recipients of about $2.2 million in funding earmarked to fuel the development of projects by local scientists and researchers in a wide field of sectors, agency Executive Director Iván Ríos-Mena told this media outlet.
Economic Development and Commerce Secretary Alberto Bacó-Bagué spoke Tuesday to business leaders and start-ups at the National Black and Latino Council’s Black, Brown and Green Sustainability Summit about Puerto Rico’s entrepreneurial business growth and idea cultivation.
High-ranking García-Padilla administration officials this week backed the proposed extension of Law 508 to stretch the life of the Roosevelt Roads Local Redevelopment Authority for an additional 30 years.
The Puerto Rico Products Association unveiled Tuesday five key recommendations gathered during its recent annual convention, to help the island get back on the path of cohesive economic development.
As part of last week’s celebration of the IT Cluster & CIO Summit, businessman Nicholas Prouty, managing partner of investment firm Putnam Bridge, urged members of the island’s technology sector to join forces to convert Puerto Rico into a powerful technological center for the Caribbean region.
The Puerto Rico government announced Wednesday its latest institutional slogan, “Puerto Rico, All-Star Island,” to be used by all agencies to promote the island as “one of the best places in the world to invest.”
ONEVO LLC, a Miami-based manufacturer of insulated panels for concrete walls-floors-roofs and housing systems, is looking to open “one or more” plants in Puerto Rico that could potentially create 4,800 direct and indirect jobs.
The first commercial mission organized by the current administration is taking place this week in Panama seeking to continue strengthening trade ties and advance the participation of local companies in the thriving Central American economy.
Looking to boost exchanges in key areas such as agriculture, manufacturing and energy, and reestablish direct trade routes between Puerto Rico and the Dominican Republic, the Department of Economic Development and Commerce has created a task force responsible for promoting commercial ties between the islands.
“Operación Empleo,” the new administration's first large-scale initiative through the Department of Economic Development and Commerce to offer workshops aimed at investors and private sector companies, will take place Jan. 16, government officials announced.
Gov.-elect Alejandro García-Padilla revealed Tuesday the identities of several more members of its economic team, who will take office in January — several of which are already familiar faces in government.
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