In keeping with our business intelligence model, we have developed an ample amount of economic, commercial and demographic indicators for every municipality in Puerto Rico, all of which are available at http://EconomiaPR.com.
The creation of these indicators has led us to perform comparative analyses of municipalities and regions so that businesspeople and municipal governments can make intelligent and informed decisions.
In this article, and because of our alliance with the financial planning initiative known as “Tu Dinero Seguro”, we will discuss some of our findings regarding the northern part of Puerto Rico so that the residents of the area are better able to understand how the municipalities, and the region as a whole, behave.
Geographically speaking, we have defined the northern part of Puerto Rico as the area that runs from Dorado to Hatillo. Taken as a whole, the area enjoys relative economic stability because of things like the PR-22 highway, the management of which is outsourced to Metropistas, and its diverse ecosystem of anchor firms.
Economic Assets in the Northern Region
The transportation infrastructure lends the north of Puerto Rico an advantage over the south, which relies on the damaged PR-52 highway. Amongst the area’s most important companies are those that belong to the pharmaceutical industry, primarily located in Florida, Manatí and Barceloneta.
Manatí, home to many doctors, facilities and even a hotel for medical tourists, has established itself as a health industry hub.
Aside from housing an important shopping center which specializes in well-known brands, Barceloneta has managed to hold on to its status a pharmaceutical hub.
As an industry, they need to take control of their distribution platform or harder times will come
Arecibo, the most densely populated municipality in the region, faces a lot of economic and fiscal hardships. Notwithstanding, it is trying to establish itself as a main tourist attraction through the development of Christopher Colombus’ statue and for housing the Arecibo Observatory.
In the short-term, the area is relying on regional government offices, educational institutions, commerce and the presence of two leaders in the coop movement, Coopaca and Zeno Gandía.
Hatillo remains an agricultural town and epicenter of the milk industry. The town’s government continues to feed its tourism industry with the establishment of hotels and through activities like its emblematic mask festival.