AGP Executive Report
Last update: 4 hours agoFiduciary Services: STEP says Puerto Rico could build a global trust-services industry, drawing on up to $12 billion in potential trust assets from Act 60 investors alone. It estimates the sector could support 350 to 1,000 jobs in its first three years. Restaurant Shake-Up: All KFC and Taco Bell locations on the island have temporarily closed after Yum! Brands ended its relationship with franchisee Encanto Restaurants. Yum is seeking a new operator; Encanto runs about 180 restaurants across its brands and employs more than 3,000 people. Air Links: JetBlue launched a daily nonstop Baltimore–San Juan route, adding a direct connection as it expands its network. Household Finances: Census data put Puerto Rico’s 2025 median household income at $29,272, far below the U.S. median of $84,780. Business Pressures: A recent report says one in three Puerto Rico restaurants is considering closing, while a UPR study found electricity costs rose faster on the island than in the U.S. after LUMA’s entry.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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