AGP Executive Report
Last update: 8 hours agoRetail Investment: Pep Boys reopened its renovated Plaza del Sol service center in Bayamón, part of a two-year plan to modernize its Puerto Rico operations. Tourism: The island expects holiday air and cruise arrivals to top last year by 2%, with 2.6 million air visitors and 400,000 cruise passengers forecast; a seasonal campaign carries a nearly $200,000 budget. Trade: CUD launched an international business committee with representatives from 13 countries and territories to build commercial ties and opportunities for local firms. Workforce: DDEC is offering job-search and career support to about 100 workers affected by Home Power Sun Energy layoffs and facility closures after sales declined. Business Growth: Fazoli’s is expanding with a second location in Cupey, while Evertec reported 24% revenue growth in the third quarter. Energy and Competitiveness: Federal emergency powers for Puerto Rico’s grid have been extended as demand rises, and local business leaders are examining how artificial intelligence is changing competitiveness.
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