AGP Executive Report
Last update: 9 hours agoCruise Investment: Puerto Rico hosted the Florida-Caribbean Cruise Association conference in San Juan, courting new cruise operations and investment that could benefit hotels, restaurants, retailers and tour operators. PREPA Restructuring: A federal judge extended the utility’s lead mediator appointment through April 2027, underscoring the difficulty of resolving its bankruptcy nearly a decade after it began. Permitting Reform: After Senate approval of two overhaul measures, House Speaker Carlos Méndez said the chamber will review proposals aimed at speeding permits for housing, home improvements and small businesses. Government Pressures: A school produce supplier says Puerto Rico owes her more than $400,000, raising concerns about continued deliveries; the Minimum Wage Evaluation Commission also remains stalled without a quorum. Business Investment: Walmart plans a $65 million Supercenter in Bayamón, while manufacturing investment is supporting Puerto Rico’s role in defense and UPR-Mayagüez has secured $4 million for a scientific incubator and research center.
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