Millionaire investor and developer Nicholas Prouty, who has called Puerto Rico his home for five years, said Monday the U.S. government must provide the island at least $40 billion in funding for relief and recovery efforts.
Federal government procurement officers met Monday with Economic Development and Commerce Secretary Manuel Laboy-Rivera to create alliances and outline a joint action plan to help increase federal contracting from Puerto Rican companies.
With the looming fiscal crisis overwhelming the government of Puerto Rico, many proposals are persistently brought forward, with the sincere aim of taking small steps towards sensible short and long-term solutions.