Fueled by a recovering stateside economy and a string of renewable energy construction projects, Planning Board President Rubén Flores-Marzán said Thursday the island’s economy is improving at “a greater rate than expected,” projecting a 0.9 percent growth for Fiscal '12 that ends June 30.
Fueled by vehicle fleet sales, Puerto Rico’s auto industry reported a 1.5 percent growth in 2011 that is expected to continue this year, when growth projections are pegged at between 1 percent and 3 percent, the United Automobile Importers Group said Thursday.
Puerto Rico is lacking one fundamental element necessary for the retail industry to grow and welcome new players: move-in ready spaces large enough to fit the “big box” chains, Michael Kercheval, president of the International Council of Shopping Centers Inc. told News is my Business Monday.
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