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Location consultations.

The Puerto Rico Planning Board said that at the end of 2014 it had approved 52 location consultations, representing a future investment of $3 billion and the potential to create 25,000 jobs, reports News Is My Business (Feb. 23, 2015). The location consultations were approved in the areas of commerce, industry, housing, renewable energy, tourism and recreation, among others:

Of the approved consultations, 18 belonged to the retail/commerce sector, representing a potential investment of $115 million and 2,294 jobs. In addition, five residential developments were authorized for an investment of $33 million and some 881 jobs;

In the tourism sector, the Planning Board approved two location applications, with an associated investment of $1.1 million and the potential to create 153 hotel rooms and generate 35 jobs, said Planning Board President Luis Garda-Pelatti;

Industrial projects approved represent a potential investment of $3.8 million and 78 jobs, the agency said. .Five renewable energy projects were approved in the towns of Moca, Quebradilla, San German, Humacao, Manati, Arecibo, Vega Baja and Salinas representing an investment of $744 million, creating a combined 657 jobs. The Planning Board also awarded 166 consultations for transactions involving lands to be used for public improvements, maintenance and for Honeywell's future high-tech labs in the Moca Industrial Park.

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Title Annotation:PUERTO RICO
Publication:Caribbean Update
Article Type:Brief article
Geographic Code:1U0PR
Date:Apr 1, 2015
Words:214
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