Wednesday, May 8-14, 2019 - // no. 002
Puerto Rico and the Caribbean
www.theweeklyjournal.com
Business
Puerto Rico Auto Sales Rise P14 Expected Increase in Construction Jobs P6 Government bets on P3s P10
lifestyle
What’s ahead for Puerto Rico’s New Economic Model
>Gabriel López Albarrán
Gov. Rosselló Administration sees Puerto Rico as “a blank canvas” with a unique platform for investment and innovation
A Yennifer Álvarez
MADMi: A New Museum in Miramar P20
yalvarez@wjournalpr.com
@yalvarezjaimes
fter the removal of Section 936 from the federal tax code, a provision that gave U.S. corporations tax advantages if they based part of their operations in the island, there have been many discussions about Puerto Rico’s economy and its need to diversify from
old models. Still, today manufacturing accounts for approximately 48 percent of the island’s GDP. Meanwhile, services,
including trade, finance, tourism and public service, while becoming the most dynamic force in Puerto Rico’s economy, represent only a margin of what they should really be. As we head into the 20th year of the 21st century, the Government seems to have decided to shift the focus from what has been the main drivers of the island’s GDP of the last 40 years; and is looking to position the territory as a prime place for capital investment, innovative ideas and development. GO TO PAGE 4