Nonprofits collaborate to study P.R.’s visitor’s economy
November 13, 2015
The Foundation for Puerto Rico and the Universidad del Este’s José A. (Tony) Santana International School of Hospitality signed an agreement Thursday to conduct a study that will help promote and develop Puerto Rico’s so-called visitor’s economy.
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Fiscal crisis hasn’t dented P.R.’s tourism industry, so far
October 20, 2015
Puerto Rico is $73 billion in the hole, a sustained drought recently led to severe water shortages — at one point forcing some San Juan residents to limit their showers to two a week — and potential rival Cuba is about to open up the floodgates to U.S. visitors.
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Study: P.R. nabs $198M in cruise ship business in ’14-’15
October 8, 2015
Puerto Rico benefitted from $198 million in total cruise tourism expenditures during the 2014/2015 cruise year, which in turn, generated 5,209 jobs and $75 million in wages, according to a study released Wednesday by Business Research & Economic Advisors.
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Nonprofits launch ‘Goal 1B’ to spur local biz networking
October 1, 2015
The National Minority Supplier Development Council (NMSDC) and the Puerto Rico Minority Supplier Development Council (PRMSDC) announced Wednesday the upcoming start of “Goal 1B,” a strategy designed to help Puerto Rican industries expand their market.
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SBA announces funding package to spur P.R. economy
August 18, 2015
U.S. Small Business Administration head María Contreras-Sweet was in Puerto Rico Monday to announced a series of initiatives to spur the island’s economy and create jobs.
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Nonprofit to focus on developing P.R. visitor’s economy
August 14, 2015
The Foundation for Puerto Rico announced Thursday it is focusing its efforts on developing new social and economic strategies that will transform Puerto Rico into a global destination, based on the premise that tourism is key to improve the economy.
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Puerto Rico’s economic activity drops 0.4% YOY in June
July 31, 2015
Puerto Rico’s economic activity registered a year-over-year decrease of 0.4 percent, and a month-over-month reduction of 0.3 percent, according to the latest index released by the Government Development Bank Thursday.
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Latino leaders urge federal gov’t to support Puerto Rico
July 29, 2015
The National Hispanic Leadership Agenda, a coalition of 39 of the U.S. mainland’s largest Latino advocacy organizations, held a press conference Tuesday with Congressional, Puerto Rican, and labor leaders today calling on President Obama and Congress to take action "to save Puerto Rico from economic disaster."
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Puerto Rico trade groups ready to work with gov’t
July 15, 2015
Representatives from 20 Puerto Rican trade associations said Tuesday they are ready to work with the government to jump-start the island’s economic development, proposing specific strategies to move things along.
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Private sector to work with gov’t on fiscal solutions
July 13, 2015
Representatives from 20 of Puerto Rico’s largest private-sector organizations expressed their willingness to work with the government’s task force on proposals to restructure the island’s fiscal issues.
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Analyst: Minimum wage, Jones Act cripple P.R. economy
July 10, 2015
WASHINGTON — When it comes to Puerto Rico’s fiscal crisis, Washington is just as much to blame as San Juan.
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Leading economist: Growth essential to P.R.’s recovery
July 10, 2015
The loss of Section 936 tax breaks, combined with overly indulgent local labor laws and a federal policy that encourages people to stay on the dole rather than work, have all contributed to Puerto Rico’s current fiscal nightmare.
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Puerto Rico youth pursuing better salaries, promotions
July 9, 2015
A recent study by Universia shows that 39 percent of Puerto Rico’s youth and student population is looking to improve their salaries, while 23 percent are looking to get promoted.
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H. Calero: Migration, cash crunch to limit econ. growth
July 6, 2015
Two significant problems Puerto Rico is currently dealing with — a significant migration and a government cash crunch — will limit economic growth for at least five years, local economist firm H. Calero Consulting concluded in the most recent edition of its “Pulse” publication.
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P.R. governor creates work group to restructure debt
June 30, 2015
Puerto Rico Gov. Alejandro García-Padilla announced Monday a multi-pronged plan to address the island’s fiscal crisis to work with creditors on restructuring what he described as the “unpayable” $73 billion debt.
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