Guaynabo gov’t to invest $3.3M in gastronomy, entertainment
August 5, 2022
The town unveiled a $3.3 million plan to launch “Taste of Guaynabo."
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Airbnb guests pumped $1.7B into Puerto Rico’s economy in ’21
July 21, 2022
Airbnb commissioned Oxford Economics to explore the fiscal significance of the platform’s expanding footprint in Puerto Rico.
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Op-Ed: Puerto Rico’s time is NOW!
June 6, 2022
Puerto Rico is now poised for economic growth.
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CNE: Puerto Rico has ‘once-in-a-generation’ chance to turn economy around
May 23, 2022
The current economic environment is also characterized by significant uncertainty and downside risks.
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Op-Ed: US vs. Puerto Rico banks, who’s ahead in ’22 and why?
May 11, 2022
We begin our analysis by examining the top 6 U.S. Bank holding companies, part of the Birling Capital U.S. Bank Index. We discuss how each bank holding company’s stock has fared from Jan. 1 to May 9 and compared to the Dow Jones, S&P 500, and Nasdaq and how they have managed against the Birling Capital U.S. Bank […]
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Study: Natural disasters provoke ‘unprecedented’ socioeconomic changes
February 14, 2022
“The economy of disasters? Puerto Rico before and after Hurricane María,” present several suggestions for local and federal governments to reduce the negative socioeconomic impact left by natural disasters.
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Op-Ed: ’22 brings issues that will be ‘under the radar’ but must be closely watched
January 27, 2022
As the new year begins and faced with the uncertainty caused by the current local and global situation, the Center for a New Economy (CNE) has taken a look at what 2022 has in store. In the January edition of the CNE Review, which circulates today, its editor, Sergio M. Marxuach, addresses issues that will […]
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Oriental CEO: ‘The stars are aligning for Puerto Rico’s economic growth’
January 20, 2022
The confirmation of Puerto Rico’s debt restructuring plan is one of several positive circumstances that is positioning the island for an economic rebound in coming years, but which will require unity between the public and private sectors. José Rafael Fernández, CEO of OFG Bancorp, said Puerto Rico’s economy is already in a “very different situation” […]
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Reconstruction investments should push Puerto Rico’s economy to 2.0% growth in ’22
December 27, 2021
After a year of stabilization in the labor market and some economic sectors’ recovery following the dislocation caused by the COVID-19 pandemic, it is possible to expect a moderate economic growth of 2.0% by the end of fiscal year 2022, according to economic analysis firm Estudios Técnicos Inc. “The favorable performance of the Puerto Rico […]
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CNE estimates damage to unrepaired homes in Puerto Rico post-hurricanes at $11.8B
November 4, 2021
The Center for a New Economy’s (CNE) Blueprint initiative presented a digital platform that helps identify and monitor the extent to which Puerto Rican families and households have been able to overcome the damages to their homes after Hurricanes Irma and María. Official government reports indicate that about a third of the housing units in […]
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Rum market growth represents opportunity to reboot Puerto Rico’s economy
October 11, 2021
The rum industry could play a significant role in the recovery of Puerto Rico’s economy since it has a considerable impact on the treasury. Under the Federal Rum Excise Tax Cover-Over Program, every year excise taxes collected on Puerto Rican rum imported into the United States is transferred to the treasuries of the island. Since […]
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Op-Ed: Investing in Puerto Rico, investing in your future
October 1, 2021
We can all safely say that Puerto Rico’s great economic experiment began taking shape last year, marked by three extraordinary events. Our experiment starts with the earthquakes in the southern part of Puerto Rico that continues to affect thousands of lives from leaving children without schools to shuttering business to affecting the mental health of […]
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USDA opens grant program to help expand regional economies
June 17, 2021
U.S. Department of Agriculture (USDA) Rural Development Business-Cooperative Service unveiled a new grant program to help rural communities create good-paying jobs and support new business opportunities in high-growth fields. Rural Innovation Stronger Economy (RISE) is intended to help rural communities identify and maximize local asset and connect to networks and industry cluster within their region. […]
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Head of Puerto Rico’s economic dev’t travels to D.C. for meetings
June 9, 2021
Department of Economic Development and Commerce (DDEC, in Spanish) Secretary Manuel Cidre is heading to Washington D.C. this week to attend to “matters of high interest in favor of Puerto Rico’s economic development,” the agency announced. “It’s a loaded agenda, with key people who can be our allies when it comes to advancing our economic […]
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Op-Ed: How environmental and public health issues threaten the economy
May 4, 2021
When we thought of a pandemic, we never imagined that we would have to experience one in our lifetime. Nor a category 4 hurricane, much less an earthquake. It was an unthinkable scenario for many. In the last 45 months — or three and a half years — Puerto Ricans have lived through all three. […]
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