Puerto Rico Proves to Be Luring Place for Investors

Hundreds of investors and businessmen from the United States and the Caribbean met for the first time in Puerto Rico at the PR Conference for Investment to discuss investment opportunities on the island and to underscore the economic advantages inherent in its geographic location.

The event, which included the participation of the governor of Puerto Rico, Anibal Acevedo Vila, was organized by the Puerto Rico Chamber of Commerce and took place at the San Juan Hotel at Isla Verde, capturing the attention of over 500 investors and entrepreneurs who showed interest in establishing new businesses and expanding existing operations on the island.

During the conference, five well-known Puerto Rican businessmen availed themselves of the opportunity to announce future plans.

One of the topics most anticipated by the audience was the downgrading of the credit rating currently facing the island, discussed by Kenneth Gear of Standard & Poor´s, Timothy Blake of Moody´s Investors Service, and Jorge

Irizarry, executive vice president of the Government Development Bank for PR.

The event was topped off with visits to well-known companies, including Pfizer and the recently opened Puerto Rico Convention Center, during which the visitors had a chance to get to learn in depth about the operations of both enterprises.