High-ranking Welch’s exec, from P.R., on the lookout for local growth opportunities
November 12, 2018
Puerto Rico is Welch’s top international market, and as such, the family-owned company is constantly on the lookout for initiatives that boost the local economy and foster relationships with business partners.
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Primex, Pridco, PRIMA kick off ‘Manufacturing Week’ in Cidra
September 26, 2018
The “Manufacturing Week” celebration will run Sept. 24-Oct. 5.
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Stryker Puerto Rico to pump $46M into 5-year expansion of Arroyo plant
September 19, 2018
Medical technology company Stryker Puerto Rico will invest $46 million over the next five years to expand its manufacturing capabilities at its facility in Arroyo.
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inverSOL invests $4M in portable solar generator manufacturing plant in Caguas
July 27, 2018
inverSOL, a new company dedicated to the design, production and sale of portable solar generators for the residential market, announced it will invest $4 million in Puerto Rico to establish a new assembly plant featuring a showroom and sales area.
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Maximo Solar invests $1.5M in Humacao manufacturing unit
July 27, 2018
Maximo Solar Industries will invest $1.5 million in equipment and infrastructure for the assembly of battery cabinets and solar panels structures at its Humacao manufacturing operation, company CEO Máximo Torres confirmed.
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Italian biotech co. Copan will open $13M Aguadilla plant
April 13, 2018
Italian company Copan Industries Inc. — dedicated to biotechnology and health — will establish a new facility in Aguadilla, Puerto Rico with an investment of $13 million and a commitment to create a working platform that will generate up to 100 new jobs.
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Mazda, Toyota to build joint $1.6B vehicle assembly plant in Alabama
March 9, 2018
Mazda Motor Corporation and Toyota Motor Corporation have established their new joint-venture company "Mazda Toyota Manufacturing, U.S.A. Inc.,” a $1.6 billion vehicle assembly plant that will produce cars for both brands in Huntsville, Alabama starting in 2021.
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PRIMEX supports recovery of local industry, preparation for future disasters
March 1, 2018
In the days following the disaster, companies experienced disruption of operations due to the absence of electricity, loss of human resources, dislocations in the supply chain and total absence of telecommunications.
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PRMA: ’18 brings ‘high level of uncertainty,’ ‘important challenges’
January 2, 2018
The new year that began yesterday is already characterized by a high level of uncertainty, largely due to the changes that have occurred and will occur in Puerto Rico’s environment.
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Analysis: To have ‘fighting chance,’ P.R. needs to rebuild infrastructure, execute clear strategy
January 2, 2018
Although Puerto Rico appears to have lost its major corporate tax advantage following the approval of the U.S. Tax Reform, if it were to backfire and motivate companies to send jobs overseas and transfer revenues to other countries, Puerto Rico could have a chance to survive the predicted economic onslaught associated with the measure.
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Analysis: P.R. will feel economic blow of Federal Tax Cuts and Jobs Act in ’19
December 28, 2017
The recently passed Fedetal Tax Cuts and Jobs Act will have implications for Puerto Rico’s economic that will start to become more noticeable after fiscal year 2019, local research firm Estudios Técnicos Inc. predicted in an analysis released this week.
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Private sector backs Rosselló’s call urging Congress to insert PR in U.S. tax reform
November 28, 2017
Representatives from Puerto Rico’s private sector agreed Monday to back Gov. Ricardo Rosselló’s urgent call to Congress to treat the island as a U.S. — not foreign — jurisdiction in the federal tax reform currently being discussed.
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PRMA warns about possible ‘catastrophic’ effects of federal tax reform
November 14, 2017
The draft bill of the U.S. tax reform being considered in Congress has the potential to “catastrophically impact” the island’s economy, jeopardizing more than 70,000 well- paid jobs and more than 35 percent of the Commonwealth’s budget, Puerto Rico Manufacturers Association President Rodrigo Masses warned Monday.
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PIA: Most PR pharmas energized, restarting production
November 9, 2017
Puerto Rico’s pharmaceutical manufacturing sector took a major hit from Hurricanes Irma and María in September, but are in recovery mode and back in production to ensure continuity in the availability of medications in Puerto Rico and globally, Jaime Palacios, president of the Pharmaceutical Industry Association said Wednesday.
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González: PR population to dip under 3M within a year
October 26, 2017
Puerto Rico’s population will dip under 3 million within a year — for the first time since the mid-1970s — if current rates of emigration continue, warns Jenniffer González-Colón, the island’s resident commissioner in Washington.
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