What is The Economic Recovery Initiative – Puerto Rico? We are business leaders who value the special relationship that exists between the U.S. mainland and Puerto Rico.

Congress and the Trump Administration must take steps to restore stability to the island.

The crisis could be extremely costly for the people of Puerto Rico and U.S. taxpayers alike.

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By Jessica Campisi and Jaquetta White, CNN Nearly a year after Hurricane Maria wreaked havoc on Puerto Rico, officials there say power has been restored to most of the island’s residents. Of the nearly 1.4 million customers who lost electric service after the storm, just 25 remain in the dark, the island’s electric provider tweeted… read more

By Veronica Stracqualursi, CNN A number of potential 2020 Democratic presidential contenders are behind a bill that would allow Puerto Rico to terminate its $73 billion in debt. Sens. Elizabeth Warren, a Massachusetts Democrat, and Bernie Sanders, a Vermont independent, introduced a bill Wednesday that would give the US territory a way out of its… read more

By Danica Coto, Washington Post ADJUNTAS, Puerto Rico — It was finally a night to celebrate in this village tucked into the mountains of central Puerto Rico. People pressed TV remote buttons, clicked on fans and plugged in refrigerators as electricity again flowed into homes that had been without power since two major hurricanes devastated… read more

By Jessica Resnick-Ault, U.S. News & World Report NEW YORK (Reuters) – The U.S. Army Corps of Engineers plans to begin removing mega-generators providing backup power at Puerto Rico’s power plants as soon as next week, as the plants are deemed stable, leaving the island vulnerable to power disruptions during hurricane season. Puerto Rico has… read more

By Lea Lane, Forbes When I visited Puerto Rico before it was devastated from Hurricane Maria last year, despite some economic problems, historic Old San Juan looked pretty as ever, cruise ships were docking, and the countryside was lush and green. The industry was hopeful that things would improve. But then, Maria. And the island… read more