If the results of the first quarter of the federal fiscal year are any indication, 2012 should be good for small and mid-sized business lending activity in Puerto Rico and the U.S. Virgin Islands, which is already picking up significantly in contrast to last year’s results.
U.S. Commerce Secretary John Bryson today appointed Puerto Rico Tourism Company Executive Director Mario González-Lafuente, to the U.S. Department of Commerce’s Travel and Tourism Advisory Board (TTAB) as part of a strategy to promote the United States.
A proposal in President Barack Obama’s deficit reduction plan unveiled Monday could put a wrench in the joint aspirations of the local government and the private sector to get improved tax conditions for controlled foreign corporations doing business on the island.
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