In Puerto Rico, new funding is being directed into developing the workforce to expand solar energy production across the territory. A $4.5 million training program for workers in the solar industry is the result of a partnership between PathStone, The Solar Foundation, and the New York State Energy Research and Development Authority. This new funding for research opportunities in renewable energy are part of a project called the Puerto Rican Solar Business Accelerator, Workforce and Small Business Development Program. Support for this project also stems from initiative on the part of the United States Economic Development Administration, which is...Read More
Author: Daniel Ziebarth
The recent economic outlook in Guam suggests stability in current conditions, and the possibility of future growth. At the Bank of Guam 2020 Fall Economic Forecast Forum, a number of experts convened to discuss the current state of the Guamanian economy, and what changes may take place going forward. Tourism in the territory has been taking off in recent months, as Guam received approximately 1.6 million visitors throughout 2019, which is a record. Guam Visitors Bureau Vice President Bobby Alvarez noted the changing trends in travel, as more visitors are seeking out individual travel and AirBnB accommodations, as opposed...Read More
A committee in the US House of Representatives recently approved a bill that is designed to increase exports from Puerto Rico. This legislation attempts to expand the Puerto Rican economy, which has seen decay across many sectors in the face of natural disasters and mounting debt. The House Financial Services Committee, which approved the bill, oversees the financial services industry in the United States. The bill was introduced by RepresentativeNydia Velazquez (D), who represents the 7th District in New York. Representative Velazquez has been at the forefront of addressing issues facing Puerto Rico, particularly concerning the economy in the...Read More
After the widely publicized downfall of former Puerto Rico Governor Ricardo Rosselló (NPP, D), the territory now has a new leader in the seat, Wanda Vázquez (NPP, D). With a new political leader in place, Puerto Rico’s economic development will also be in focus after tumultuous strife following public protests that eventually led to Rosselló’s resignation. With this in place, new prospects lay ahead for Puerto Rico, where the economy is already growing in areas after Hurricane Maria, bankruptcy issues, and after disputes over federal funding caused a major setback to the territory’s economy over the previous two years....Read More
Food and agriculture are part of the backbone of the global economy. In the United States alone farms contributed $136.7 billion, while the agriculture and food industry as a whole created nearly $1 trillion of economic impact, totaling approximately 5.5% of the entire gross domestic product (GDP) of the country.The businesses and government in Puerto Rico have their eye on the agriculture industry, as they look to create sustainable development and future growth through the industry’s economic contributions. In a recent interview with Accuweather, the Secretary of the Department of Agriculture of Puerto Rico, Carlos Flores Ortega, discussed Governor...Read More
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