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Unlikely revitalization of the grid until Prepa exits bankruptcy, say Business Associations
Federal Affairs

Unlikely revitalization of the grid until Prepa exits bankruptcy, say Business Associations

San Juan- The Puerto Rico Chamber of Commerce (PRCC) along with other business associations headed to Washington D.C. on June 23 to push discussions around increased healthcare funding, and  the energy grid, including the bankruptcy of the Puerto Rico Electric Power Authority (Prepa).  The initiative “Puerto Rico is Open for Business forum” was created by […]

Maria Soledad
Puerto Rico Tax Reform Builds Political Support
Business

Puerto Rico Tax Reform Builds Political Support

Puerto Rico’s top legislative leaders agree that the Island needs sweeping tax reform, but they are sharply divided on whether it can realistically be approved before the end of 2026. The core dispute is not over whether taxes should come down, but whether the government can identify and certify the recurring revenue needed to make […]

Eva Llorens
FOMB lets government take the lead in budget process
Economy

FOMB lets government take the lead in budget process

While the fiscal entity is satisfied with the fiscal reforms, it’s unlikely that Puerto Rico can come back to the markets while there still no PREPA deal available During the fifty-first (51st) meeting of the Financial Oversight and Management Board (FOMB), the board’s executive director, Robert Mujica, emphasized the importance of implementing reforms to the […]

Maria Soledad
person in black long sleeve shirt holding persons hand
Business

SBA launches $1 million Patriot Pitch competition for U.S. entrepreneurs

The U.S. Small Business Administration (SBA) announced the launch of the Patriot Pitch Competition, a national initiative designed to celebrate 250 years of free enterprise in the United States while spotlighting small businesses driving innovation, job creation and economic growth. The competition, part of the Freedom 250 initiative, will award a total of $1 million […]

Francisco Rodríguez-Burns