AGP Executive Report
Last update: 2 hours agoWorkforce Development: Puerto Rico’s DDEC approved $999,975 in WIOA funds for Nuestra Escuela Inc.’s “Construyendo Nuestro Futuro,” a pilot to help 75 young people finish high school and build job skills in Caguas, Loíza and nearby municipalities. Financial Inclusion: The U.S. Treasury cleared nearly $9.8M for 17 Puerto Rico credit unions via the CDFI Fund, including $8.8M for technical assistance and $698,954 for small-dollar lending. Retail Pulse: DDEC reported July retail sales of $4,410.5M (+1.1% year over year) and 133,100 salaried retail jobs, with standout gains in electronics, convenience stores and hardware. Energy/Tech Funding: The Financial Oversight and Management Board approved $26.5M for special education transportation and to renew Microsoft 365 and Azure services for government agencies. Business Expansion: Autocare opened a $6M automated car wash center in Santurce (up to 1,000 vehicles daily) and plans another site in Bayamón by year-end. Hospitality Investment: Nobu announced its first Puerto Rico hotel and restaurant in San Juan, a 50-room project targeting a 2028 opening. Legal/Competition: A federal judge refused to dismiss Puerto Rico rebar price-fixing claims brought by construction firms and consumers.
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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