Puerto Rico gov pursues economic development via new laws

SAN JUAN, Puerto Rico — Puerto Rico's governor has signed a flurry of new laws aimed at boosting economic development on an island entering its 11th year of recession.

Ricardo Rossello said Tuesday that some of the laws would help speed up the process of opening a new business in Puerto Rico and require new business owners to hire a certain number of local workers.

He also announced the creation of a group tasked with pushing officials in Washington D.C. for permission to implement federal programs or initiatives that might help the U.S. territory's economy.

Rossello also said his administration will host a two-day summit in September to help attract hundreds of potential investors to the island.

Must Read

Governor scrambles for support as climate deal inches onward

Jul 13, 2017

A plan to extend one of California's key climate change initiatives is scheduled to go before state legislative committees on Thursday

With electricity out, new EPA chief reached out to lobbyist

Feb 23, 2017

When a summer thunderstorm knocked out power to Scott Pruitt's home three years ago, the then-Oklahoma attorney general reached out to a lobbyist for American Electric Power

5 tips to bounce back after a foreclosure or short sale

Aug 11, 2016

Losing a home to a foreclosure or short sale is devastating, but it doesn't have to define you.Losing a home to a foreclosure or short sale is devastating, but it doesn't have to define you

People also read these

Governor scrambles for support as climate deal inches onward

Jul 13, 2017

A plan to extend one of California's key climate change initiatives is scheduled to go before state legislative committees on Thursday

With electricity out, new EPA chief reached out to lobbyist

Feb 23, 2017

When a summer thunderstorm knocked out power to Scott Pruitt's home three years ago, the then-Oklahoma attorney general reached out to a lobbyist for American Electric Power

5 tips to bounce back after a foreclosure or short sale

Aug 11, 2016

Losing a home to a foreclosure or short sale is devastating, but it doesn't have to define you.Losing a home to a foreclosure or short sale is devastating, but it doesn't have to define you