A survey conducted by the Puerto Rico Chapter of the Associated General Contractors of America among its members showed that local businesses have a combined bond capacity exceeding $6 billion and access to financing with local banking with revolving lines of credit, as well as enough management capacity to push projects forward. During its the […]
Carlos Mercado, the newly named head of the Puerto Rico Tourism Co., said the agency has a three-pronged approach to working with the industry as it begins recovering from the COVID-19 business downturn. The official is hitting the ground running, as he had already built a relationship with members of the sector while acting as […]
By Vanessa Colón-AlmenasCenter for Investigative Journalism Of the $20.2 billion recovery funds allocation granted after Hurricane María through the Community Development Block Grant Disaster Recovery program (CDBG-DR), Puerto Rico has been approved to use only 16%, or, $3.2 billion. Of the money available, the government had used a mere 2%, as of June 30, the […]
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