Taubman Centers Inc. and New Century Development broke ground Thursday on the 650,000-square-foot Mall of San Juan, the island's first luxury retail development that will feature the first Saks Fifth Avenue and Nordstrom in the Caribbean.
chat_bubble0 Commentvisibility3457 Views
Triple-S Stock Ticker
Puerto Rico Stock Ticker
Real-time market data
Loading stock data...
Brought to you by
QUOTE OF THE WEEK:
“In an economic context where Puerto Rico is experiencing a clear slowdown and where key sectors like construction are struggling to find workers, cutting the [Earned Income Tax Credit (EITC)] will discourage participation in the formal economy and hinder our economic growth.
In an environment where federal funds are decreasing, adding local austerity through EITC cuts could not only cause our labor force participation rate to drop again, but also force local businesses to absorb much of the reduction if they want to maintain the current incentives for formal employment and prevent part of their workforce from returning to the informal sector.”
— Daniel Santamaría-Ots, co-executive director, Espacios Abiertos
NIMB ON SOCIAL MEDIA