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Puerto Rico's economy was already fragile before Hurricane Maria barrelled into the island, but the strongest storm to hit the U. Small businesses like Lo's will be a significant part of the recovery, as they account for 80 percent of all private sector workers, according to a New York Federal Reserve report. And getting energy to them, and to manufacturers and hotels and other engines of the economy will be crucial for the island's ability to bounce back. After Maria made landfall midweek on the island of 3. Governor Ricardo Rossello said the Puerto Rico Electric Power Authority's grid was so severely hit by the storm that it could be months before electricity is restored to all customers. Puerto Rico has none of the economic might of other places hit hard in this active hurricane season, like the states of Texas and Florida. The island has spent most of the last ten years in recession. Its GDP shrank by more than one percent for seven of the last 10 years through , the poverty rate is over 40 percent and unemployment stands at 10 percent. The chaos unleashed by the breakdown in basic services, a lack of cash and gas shortages has put many businesses into limbo, and the short-term effects are likely to be severe. Some Puerto Ricans are, however, already looking ahead to the economic boost that could be delivered by investment in the recovery. The timeliness of U. Meanwhile, the hurricane has pushed back the island's bankruptcy process. In the aftermath of the storm, businesses both big and small around the island were assessing the damage and putting contingency plans in place. Puerto Rico boasts investments from a number of U. A spokesman for Honeywell International Inc, said the company's 'folks on the ground are making sure everyone's accounted for and what their needs are Manufacturing is still the heart of Puerto Rico's economy and any blow to industry could have a significant impact. But the manufacturing sector is much diminished after the U. Congress decided to gradually phase out a tax credit programme. That programme ended in , after which many companies left and the island had lost nearly half of its manufacturing jobs by Just as concerning to the island is likely to be the impact Hurricane Maria has caused to tourism - which will be especially hard felt since it was one area of the economy that had been growing. Travel and tourism had grown from 7. Hotels and resorts were struggling to stay open in the days after the hit. Reynaldo Rey, general manager of the AC Hotel San Juan, said businesses were facing a race against the clock if emergency power supplies and water ran out because generators would only keep hotels operating for a few days. Raul Brito, 24, a security guard for the state tourism agency in the capital's upscale Condado neighbourhood, said business was now in limbo at the worst time possible. After offering its customers free adapters for Tesla's Superchargers, Ford is telling its customers to stop using them. That's not great for a broadcaster. Alabama fans are dealing with a whole new reality this season. Texas fans are coping after the Longhorns' first loss of the season. Week 8 brought with it a new outlook for many teams after a surprising Saturday of action. Which of them will remain unscathed and which will stumble? What, you're surprised that Nvidia's stock is crushing it again? Try these health and wellness tips to live your best week. UCF defensive back Braeden Marshall thought he had a pick-6 touchdown against Iowa State, but dropped the ball before crossing the goal line. The Mets had a magical run into October, but they have some big decisions to make this offseason. Oregon moves into the top four after its win over Ohio State. The former North Texas coach was in his first season running the OU offense. Davante Adams is done with the Raiders after two-plus seasons in Las Vegas. Blind Auditions continued in Week 2 of the reality singing competition as one coach hits the show's powerful new button. Newman remained down on the sideline for several minutes after sustaining a neck injury. He reportedly has movement in his limbs. Tiant won games with six teams in his year MLB career. Jason Fitz and Frank Schwab join forces to give their instant reactions to every game from the Week 6 Sunday slate. Selected edition. Sign in. Close this content. Read full article Reuters. September 24, at PM. Link Copied. People wait in line for aid items to be handed out, after the area was hit by Hurricane Maria in San Juan, Puerto Rico September 24, View comments. Recommended Stories. Yahoo Sports. Yahoo Finance. Yahoo Life. Yahoo TV.

CC-1 Limited Partnership d/b/a Coca Cola Puerto Rico Bottlers

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Entrepreneur aims to show recycling's feasibility. Nicholas Apostol hands visitors to his unusual factory equally unusual souvenirs — stylish white T-shirts made from recycled plastic soda bottles. He does, however, plan to churn out railroad ties, park benches, highway guardrails and even pig pens manufactured from recycled plastic containers. It is not a work of government, but a private initiative,' said the governor, amidst an appreciative crowd of manufacturing executives, local politicians and schoolchildren clutching plastic soda bottles. But the company was evicted from its original site last January after the owner decided to rent out his property to an apparel company. After eight months in limbo, Environmental Plastics was reborn in the mountain town of Cidra, right off Highway 1. In return for establishing in Cidra, the company will enjoy 20 years of exemption from Puerto Rico taxes, as well as federal tax benefits under Section of the U. Internal Revenue Code. The principle function of this plant is to recycle all of this into useful consumer products. Rafael Hernandez Colon were focused on environmental concerns. Rossello, whose New Progressive Party advocates U. If the plan succeeds, workers at the Cidra factory will turn out plastic wood products such as highway guardrails and park benches, which are normally made from wood but can also be made from plastic. The equipment is so expensive. Until very recently, Puerto Ricans were generating tons of plastics a day, which was mainly landfilled. But since a severe drought sparked emergency water rationing in mid in parts of Puerto Rico, the amount of plastic streaming into island landfills has jumped to 1, tons a day. Yet environmental consciousness is low, and visitors are often shocked at the garbage strewn along Puerto Rican highways. Plastic already accounts for 43 percent by volume of all waste generated in Puerto Rico — an island which is already losing an acre of land a day to landfills. To start the process rolling in the absence of mandatory recycling laws, Apostol will pay island residents 2 cents a pound for PET, which is the kind of plastic from which 1. The Cidra plant is only the first step in making Puerto Ricans aware of the urgency of recycling, according to Daniel Pagan, executive director of the Puerto Rico Solid Waste Authority. Pagan says the Environmental Plastics facility is the first in Puerto Rico that aims to manufacture useful items out of plastic waste. Larry Luxner Published November 08, The author is Caribbean editor of U. Explore the February Issue Check out more from this issue and find your next story to read. View More. ReMA Roundtables: Transparency in copper scrap sourcing. First tailings reprocessing site begins The Copper Mark assurance process. Advocacy group urges end of San Francisco program. CMC earnings down from 1 year ago.

Toa Baja buying coke