Introduces bill to evaluate models and improve incentives, policy and investment. #NewsismyBusiness
The government’s entire economic development component has been working on a reshoring strategy to attract manufacturing back to U.S. soil. #NewsismyBusiness
The local government supports the project in Humacao with $3.5 million in incentives. #NewsismyBusiness
The company got support from the DDEC Incentive Fund to buy the new equipment and create 25 jobs at its Carolina facilities. #NewsismyBusiness
The project in Mayagüez aims to repair damage caused by Hurricane Maria. #NewsismyBusiness
Issues an RFP to determine competitive market rents across Puerto Rico. #NewsismyBusiness
Puerto Rico is among the first 25 states in several categories. #NewsismyBusiness
The agencies joined efforts to promote the island, including its real estate assets, as an ideal business development and investment destination. #NewsismyBusiness
Puerto Rico government to pay for contamination cleanup costs at Maunabo groundwater facility.
After wrapping up what he called a “complex year” during which many projects were kicked-off and made possible using Puerto Rico Industrial Development Company (PRIDCO) properties, agency Executive Director Javier Bayón said 2022 brings a loaded agenda in favor of Puerto Rico’s economic development. PRIDCO officials spent the better part of 2021 reshaping the agency’s […]
The Puerto Rico Industrial Development Company (PRIDCO, in Spanish) has been assigned $93 million from the Federal Emergency Management Agency (FEMA) to begin reconstruction and revitalization of commercial properties affected after the passage of Hurricanes Irma and María in 2017. PRIDCO Executive Director Javier Bayón-Torres said the allocation will benefit 54 mandatory projects throughout the […]
The Puerto Rico Industrial Development Company (known as PRIDCO) has an inventory of more than 500 lots and properties currently vacant across the island, this media outlet confirmed. When broken down, the inventory includes 152 vacant properties with a combined capacity of more than 2.4 million square feet, and 378 unused lots spanning a combined […]
The Puerto Rico Fiscal Agency and Financial Advisory Authority (known as AAFAF in Spanish) published a Request for Qualifications (RFQ) that seeks to identify qualified parties to manage properties owned by the Puerto Rico Industrial Development Company. The RFQ is meant to identify one or more qualified parties who manage properties, which include lands and […]
The government of Puerto Rico announced it has entered into a restructuring support agreement for $165 million in Puerto Rico Industrial Development Company debt with GoldenTree Asset Management, holder of over two-thirds of the agency’s outstanding revenue bonds. The RSA contemplates a financial restructuring of the PRIDCO Bonds through a Qualifying Modification under Title VI […]
Dozens of entrepreneurs and businesses participated in the Puerto Rico Industrial Development Co.’s real estate open house held to promote the sale and leasing of properties to turn them into productive, job-generating properties.
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