Gov’t backs extending Roosy Roads Authority law
August 6, 2014
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.
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Products Assoc.: Puerto Rico needs a coherent plan
May 7, 2014
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.
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Prouty: ‘Puerto Rico must become Caribbean tech hub’
February 12, 2014
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.
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Gov’t adopts ‘Puerto Rico, All- Star Island’ as new slogan
August 22, 2013
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.”
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ONEVO looks to set up in Puerto Rico, create 4,800 jobs
June 10, 2013
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.
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Puerto Rico ministerial mission to Panama underway
March 15, 2013
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.
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Gov’t creates task force to boost commercial ties with DR
February 12, 2013
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.
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‘Operación Empleo’ slated for next week
January 8, 2013
“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.
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Gov.-elect names more economic team members
December 12, 2012
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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Products Association, gov’t. giving local goods a boost
September 14, 2012
The Puerto Rico Products Association and the Department of Economic Development and Commerce have partnered to promote and strengthen the consumption of locally produced goods and services, as a strategy for economic development and growth.
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CPAs present proposals to gubernatorial candidates
April 27, 2012
The Puerto Rico Society of Certified Public Accountants presented Thursday a sweeping list of recommendations for the candidates running for governor in November, to solve problems in five specific areas: electricity costs; the ailing retirement system; the municipal tax system; economic development; and the health system.
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15 industrial development projects worth $248.3M in pipeline
April 19, 2012
Fifteen companies made the commitment last month to invest $248.3 million in machinery and equipment, and create 1,369 jobs in the next 18 to 36 months, Economic Development and Commerce Secretary José Pérez-Riera said Wednesday.
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Expo Partner program looks to breed local exporters
January 12, 2012
Puerto Rico Trade and Export’s Expo Partners service is offering local companies an opportunity to work with international trade experts to develop and implement a plan to expand the scope of their products or services beyond the island’s shores.
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Sluggish Internet adoption rates stunting P.R.’s economic growth
November 10, 2011
Rico’s low broadband penetration and Internet usage levels are holding the island back from achieving true economic growth, industry experts agreed Wednesday, saying that with just 40-out-of-100 people using the Internet, progress is — and will likely remain — stunted.
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P.R. free-trade zones rank 15th in the nation
October 18, 2011
In its most recent report on the impact of free trade zones across the U.S., the National Association of Foreign Trade Zones has classified Puerto Rico’s three facilities among the top 15 in the nation.
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