Gov. gives small businesses 5-week sales tax hiatus
November 9, 2017
Puerto Rico Gov. Ricardo Rosselló signed several executive orders to boost the economy, including one that exempts small and medium enterprises from collecting Sales and Use Tax on the sale and purchase of inventory.
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At AEI panel, economists debate PR’s post-María future
November 8, 2017
Seven weeks after Hurricane María devastated Puerto Rico, most of its 3.4 million inhabitants still don’t have electricity. And the island’s deeply indebted economy — already in crisis before the storm — is in worse shape than ever, warned a panel of economists meeting Tuesday afternoon in Washington.
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Op-Ed: Hurricane María has shifted our entire focus
October 1, 2017
Today, days after the monstrous storm, Hurricane María, slammed into our shores with sustained winds of 155 miles per hour, our entire focus has shifted.
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Moody’s: PR’s fragile economy faces new risks post-María
September 26, 2017
The Commonwealth of Puerto Rico is facing new risks and economic uncertainty following the devastation caused by Hurricane Maria last week, Moody’s Investors Service concluded in a report released Tuesday.
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Rosselló creates last subgroup in ‘Front for Puerto Rico’
August 28, 2017
Gov. Ricardo Rosselló announced the creation of the third and final sub-working group as part of the Front for Puerto Rico to address the federal tax reform and how these changes may affect the Island, La Fortaleza announced.
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OBoard opens call for critical infrastructure projects
August 24, 2017
The Financial Oversight and Management Board for Puerto Rico announced Wednesday it will begin accepting proposals for projects that address critical infrastructure needs under Title V of the Puerto Rico Oversight, Management and Economic Stability Act.
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US Rep. Velázquez releases report on PR’s economy
August 9, 2017
Rep. Nydia M. Velázquez (D-NY) released Tuesday a report titled, “A Discussion on the Future of Puerto Rico’s Economy.”
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Foundation for PR to develop 1st visitor economy profile
July 24, 2017
The Foundation for Puerto Rico and Estudios Técnicos will work together to develop the first economic model of the island’s visitor economy, which is expected to be ready by September.
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Velázquez, experts discuss ways to spur PR’s recovery
July 19, 2017
U.S. Rep. Nydia M. Velázquez (D-NY) hosted Tuesday a panel of experts and other members of Congress for a roundtable discussion on unlocking the keys to stimulating economic growth in Puerto Rico.
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Tourism: Cruise passenger arrivals up 47% YOY in May
June 30, 2017
Record highs were recorded in total cruise ship passenger traffic in May, with 95,139 visitors arriving, representing a 47 percent jump from the 64,632 passengers reported in May 2016, Tourism Co. Executive Director José Izquierdo said.
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Op-Ed: It’s not just PROMESA…
June 13, 2017
In Puerto Rico we have focused so much on the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA) that we seem to have forgotten that we are part of a much larger economy beyond our 100x35 and that what happens there has an impact on us.
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Jaresko urges manufacturers to ‘be part of the solution’
June 2, 2017
Financial Oversight and Management Board for Puerto Rico Executive Director Natalie A. Jaresko urged local manufacturers to be an “active part of the island’s turnaround."
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Study: Women ‘wield the power’ in PR consumer market
May 18, 2017
On an island where 52.3 percent of the population is female, there is no doubt that when it comes to driving the local economy, women are at the wheel, leveraging their considerable impact as market influencers and trendsetters.
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FCCA: Cuba cruise-ship surge could help, not hurt, P.R.
April 24, 2017
Carnival, Royal Caribbean, Norwegian Cruise Line and Pearl Seas Cruises are all offering cruise-ship packages to Cuba — and giving ordinary Americans the chance to visit an island denied to them for half a century.
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CBP: Significant spike in counterfeit goods seized in PR
April 11, 2017
U.S. Customs and Border Protection (CBP) San Juan Field Operations confirmed Tuesday a significant increase of more than 300 percent in the seizure of counterfeit merchandise during the first two quarters of federal fiscal year 2017 compared to the same period in FY2016.
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