Economy
EDA invests $12,080,000 for business growth
"Technology startups", technical assistance and planning for long-term disaster recovery in Puerto Rico”
EDA's announced investments are :
• The Puerto Rico Trade and Export company will receive a grant of $1.6 million to establish a business program to
provide technical assistance and recovery support after the devastating season last year’s hurricanes.
• The Puerto Rico Science, Technology and Research Trust will receive $4.4 million to build a 30.000 square foot
building called “the Forward Center” to house up to 60 new technology companies, and a manufacturing company
that researches and develops prototype activity of neuro-modulator medical devices.
• University of Puerto Rico-Mayagüez will receive $500.000 to design and conduct capacity development workshops,
providing specialized development assistance.
• The Puerto Rico Foundation will receive a grant of $5,580,000 to support the recovery efforts of towns and cities
devastated by the Hurricanes Irma and Maria.
General Consumer Price Index
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• General index of consumer prices (IPC) recorded the
figure of 119,923 points, which reflected an increase
of 1.7 percent, compared to the same month of 2017.
• Compared with July 2017, the behavior in the infla-
tion levels of major groups showed that the largest
inflationary increase was in the transportation group
with 4.2 percent.
• The main group that reflected the most significant
drop in its price level was clothing with 1.2 percent.