Wednesday, August 26 - September 1, 2020 // no. 070
Puerto Rico and the Caribbean
www.theweeklyjournal.com
Private Sector Pushes Plan to Jumpstart Economy P7
FOMB and Prepa Clash, Again P10
Act 20/22 Investors Share Suggestions to Rev Up Puerto Rico Economy Discuss retroactive fees, corruption and COVID-19 restrictions
>Courtesy
Giovanna Garofalo
Puerto Rican Artist Shines in the Big Apple P13-14
A
ggarofalo@wjournalpr.com
@giopgarofalo
s local economists paint a grim outlook for Puerto Rico’s financial prosperity due to the business restrictions enacted over the coronavirus pandemic, as well as alleged government corruption and deficient infrastructural services that affect the island’s business environment, American
>Josian E. Bruno Gómez
Romark Bets on Puerto Rico P8
investors shared their praise and concerns for the economic future of Puerto Rico and its potential to attract—and retain—investment. THE WEEKLY JOURNAL interviewed separately three investors who decided to bet on Puerto Rico after the creation of Acts 20 and 22 of 2012 (Acts 20/22), which have since been amended and encompassed in Act 60 of 2019, also known as the Incentives Code. These entrepreneurs discussed the island’s investment climate now, the retroactive GO TO PAGE 4