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What they are saying about Business

Democratic Lawmakers Plan To Keep Fight Going Over Puerto Rico Bill

UNITED STATES - MAY 26: Rep. Luis Gutierrez, D-Ill., left, and Sen. Bob Menendez, D-N.J., conduct news conference in the Capitol Visitor Center on the Puerto Rico Oversight, Management, and Economic Stability Act, which is meant to alleviate the country's debt, May 26, 2016. (Photo By Tom Williams/CQ Roll Call)

WASHINGTON — Two Democratic lawmakers are pretty livid about legislation that is meant to give Puerto Rico — home to 3.5 million American citizens — the power to restructure its $70 billion in debt.

Source: www.huffingtonpost.com

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Puerto Rico Fights for Chapter 9 Bankruptcy in Supreme Court

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WASHINGTON — Debt-laden Puerto Rico went toe to toe with its creditors at the Supreme Court on Tuesday, arguing that it has been wrongly locked out of the bankruptcy courts, the only place it can reasonably expect to restructure its crushing debt.

“We’ve talked a lot about legal principles,” said the lawyer Christopher Landau, summing up his arguments on behalf of the commonwealth. “But this is also a flesh-and-blood situation in Puerto Rico.”

Hanging on the outcome, he said, were questions like “whether people in a village in Puerto Rico will be able to get clean water.”

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Paul McKee announces a new development for NorthSide | Business | stltoday.com

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Developer Paul McKee presented Wednesday afternoon another planned development for his long-awaited NorthSide Regeneration Project in St. Louis.

The developer addressed a small crowd gathered on the future site of a development, located at North 13th Street and Tucker Boulevard, that will include a fresh food market and a gasoline station.

The GreenLeaf Market will be run by Good Natured Family Farms, a farmers’ group that provides fresh food from small family farms around the Kansas City area.

Yet, residents who lived in the area didn’t seem impressed with McKee’s latest plans. They say it’s just another promise to try and persuade the National Geospatial-Intelligence Agency, or NGA, to relocate to McKee’s 1,500-acre site.

“He hasn’t put one brick in the ground,” said Joyce Cooks, a resident near the site for more than 40 years. “The neighborhood is crumbling.”

But McKee said the shovels will be ready to break ground, likely in

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New Yarmouth to Maine ferry will be U.S. navy ship – Nova Scotia – CBC News

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Nova Scotia will spend more than $32 million over the next two years to support a new ferry service between Yarmouth and Maine that will transport passengers using a ship owned by the U.S. navy.

Transportation Minister Geoff MacLellan and his deputy minister, Paul LaFleche, announced the new deal Thursday alongside Bay Ferries Ltd. president Mark MacDonald. 

Source: www.cbc.ca

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Kissimmee officials want to attract Puerto Ricans to medical corridor – Orlando Sentinel

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As more Puerto Ricans leave the island in the midst of its financial crisis, Kissimmee city officials are delivering a simple message to them: "We are open for business."

The city plans to offer economic development incentives to all business owners who set up health-related companies in the city's medical corridor, officials say.

Commissioner Art Otero and economic development director Belinda Kirkegard recently visited San Juan to ensure locals know about those perks. The city spent an estimated $2,500 to send them to the annual Florida Expo in Puerto Rico, a meeting for residents who want to move to the Sunshine State.

"If you're expecting people to invest in our city, our community, you have to share, you have to advertise," said Otero after the trip. "The move for many Americans from the island to the mainland is based on opportunity for sure. Expansion of their business, that is what has been happening."

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