AGP Executive Report
Last update: 32 minutes agoResilience Funding: A $280,000 partnership between Hispanic Federation and the Federal Home Loan Bank of New York will equip 10 Puerto Rico community hubs with water storage and, in some cases, solar power and batteries amid recurring outages and shortages. Investment Incentives: The IRS designated 178 Puerto Rico census tracts as Opportunity Zones 2.0, making eligible investments in those communities eligible for federal tax incentives. Restaurant Closures: Puerto Rico’s Labor Department is investigating mass layoffs at Encanto Restaurants, operator of KFC, Taco Bell, Pizza Hut and IHOP, over possible unpaid wages, accrued leave and lack of advance notice. Corporate Finance: EVERTEC extended its term loan and revolving credit facilities, cut borrowing rates and increased its revolver to $300 million from $200 million. Economic Outlook: Economists warn that Puerto Rico is entering 2027 with little growth momentum, rising household financial strain and population loss weighing on its prospects.
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