International Restaurant Services Inc. will be expanding its presence in Puerto Rico this year with the addition of two new restaurants — a Chili’s Grill & Bar in Bayamón and a P.F. Chang’s in Ponce — pushing the number of establishments in its chain to 30, company officials said Tuesday.
The arrival of Red Lobster, Olive Garden and more Longhorn Steakhouse eateries to Puerto Rican shores will represent the creation of some 2,000 new jobs and investments of about $36 million by 2017.
While much has been said about “economic uncertainty” and “consumer confidence,” the fact is that Puerto Rico’s economy has been in a state of disarray for so long it has become the new normal. So says Francis González, vice president of property management for DDR Corp., owners of 15 shopping centers islandwide.
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