AGP Executive Report
Last update: 5 hours agoMunicipal Finance: San Juan is set to debut a standalone municipal bond market offering, planning $122.2M in bonds Tuesday—$112.6M in triple tax-exempt general obligation debt and $9.6M in federally taxable, Puerto Rico tax-exempt bonds—underwritten by RBC Capital Markets and rated Baa3 (Moody’s) and BBB+ (Fitch). Small-Business Relief: Puerto Rico’s DDEC launched an “Economic Recovery” incentive program offering grants up to $5,000 for eligible small and medium-sized businesses hit by the potable water emergency in 15 municipalities, aimed at covering extraordinary expenses since June 1. Retail Expansion: Marshalls will open a new Arecibo store Aug. 13 at Plaza del Atlántico, adding about 26,600 sq. ft. of discounted designer-brand merchandise and roughly 60 jobs. Community & Banking: Banesco USA awarded grants to five Puerto Rico nonprofits in early 2026, backing education, affordable housing, health, entrepreneurship, and services for vulnerable populations. Energy Policy: A new report says Puerto Rico took distributed solar policy actions in Q2 2026, with the biggest focus on net metering and community solar.
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