Pittsburgh looks to draw Puerto Ricans into its economy
June 23, 2014
Pittsburgh, PA — Music and sports are two pursuits that cross borders and link cultures. This weekend, this northeastern city relied on both to convey its desire to boost diversity and attract more Latinos, which are significantly underrepresented in this community.
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Gov’t seeking new federal money to fix economy
June 16, 2014
Puerto Rico’s chronic inability to fully tap into federal funding has short-changed the island out of millions in competitive grants and loans available for a cross-section of activities, a top government official said recently.
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Int’l domino tourney to generate $1.5M for San Juan
June 16, 2014
More than 1,000 players from 21 countries will converge in San Juan participate in the 12th World Championship Domino tournament, from July 26 to Aug. 2, municipal and competition authorities announced.
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Lara: 2015 ‘emergency budget’ is 1st step to recovery
June 13, 2014
The government’s proposed budget for Fiscal 2015 is an “emergency budget” that should not be confused with the fiscal framework Puerto Rico should have to ensure the economy works the way it wants it to in the future.
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Economist: Puerto Rico has a lot to learn from NYC crisis
June 9, 2014
Puerto Rico is in the throes of one of the most serious economic depressions in the last 40 years of its history as a Commonwealth. However, it is not alone in its experience, which could be compared to the fiscal crisis New York City faced in 1975, when it was on on the verge of defaulting on its obligations.
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Summer group business pumping $14.8M into economy
June 6, 2014
Puerto Rico’s group business activity is kicking off strongly this summer, with 70 events — including conferences, annual meetings and sports activities — already lined up for the season.
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Economist firm: Puerto Rico still ‘moving sideways’
June 4, 2014
Puerto Rico needs to find its “true north,” by aligning all of its efforts and resources toward achieving economic growth and job creation, or risk experiencing an outcome “much worse than has so far been imagined,” said economist firm H. Calero Consulting Group in its most recent edition of “Compass,” an internal publication.
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Khoury: Broadband deployment key for economy
June 2, 2014
Broadband Internet adoption in both the residential and business sectors is vital for Puerto Rico’s economic development because it can serve as a tool to create jobs and promote businesses, said Naji Khoury, president of Liberty Puerto Rico.
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Puerto Rico, USVI auto sales plummet 15% in April
May 14, 2014
Automotive sales in Puerto Rico and the U.S. Virgin Islands went into a freefall last month, when results were down 15 percent in comparison to the same month last year, the United Automobile Importers Group (known as GUIA for its initials in Spanish) informed Tuesday.
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Economist: Indication of economic growth is a ‘mirage’
May 6, 2014
The indication by members of Gov. Alejandro García-Padilla’s administration of a slight economic recovery over the past two fiscal years is “simply a mirage,” and it will take significant adjustments to achieve the growth predicted for coming years, economist firm H. Calero Consulting Group Inc. said in its most recent monthly publication.
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Planning Board overhauling economic analysis methods
May 1, 2014
The Puerto Rico Planning Board is working on an integrated plan to streamline and update the process of gathering, analyzing and releasing statistics, seeking to strengthen the numbers available for the island’s economic activities, agency President Luis García-Pelatti said Wednesday.
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Film Commission programs will remain in place
May 1, 2014
Integrating the Puerto Rico Film Commission into the Economic Development and Commerce Department will “help align Puerto Rico’s strategies to promote the film industry, while generating efficiencies to maintain the Film Fund,” said the latter agency’s Chief Alberto Bacó-Bagué Wednesday.
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Planning Board pegs ’15 economic growth at 0.2%
April 30, 2014
The Puerto Rico Planning Board released Tuesday its economic projections for Fiscal years 2014 and 2015, in which it is estimated a base growth in real Gross Domestic Product of $6.5 billion million this year, representing an increase of 0.1 percent compared to Fiscal 2013.
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P.R. Products Assoc. unveils proposals, elects new board
April 28, 2014
The Puerto Rico Products Association held its annual convention this weekend, when it unveiled its proposals for economic development as well as elected its new board of directors.
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Puerto Rico in hot pursuit of stateside investors
April 25, 2014
Puerto Rico is in hot pursuit of the wealthiest stateside investors, with the public and private sectors banding together to showcase the benefits — both legal and natural — that the island has to offer.
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