Puerto Rico’s economic situation has reached rock bottom, but it may as well be standing on quicksand given the instability of the U.S. economy and subsequent federal cutbacks, the volatility in petroleum prices and a potential deterioration of the housing market once local incentives run out.
While commending the current administration’s “follow-through” attitude toward the cruise ship industry, Michele Paige, president of the Florida Caribbean Cruise Association said Puerto Rico has a lot to gain from the trade group’s upcoming 18th annual conference happening in San Juan in October.
The Economic Development and Commerce Department is presenting the incentives and competitive advantages Puerto Rico offers to the aviation sector during its debut in the 2011 edition of the renowned Air Venture industry gathering taking place in Wisconsin this week.
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