In January 2020, Puerto Rico experienced a 6.4 earthquake that affected the life and infrastructure in the southwest coast of the island. Aftershocks have continued to batter an already struggling island trying to recover from the devastation of Hurricane Maria in 2017, a massive public debt burden and a lack of socioeconomic opportunities. The bureaucracy, procedural complexity and general federal neglect towards Puerto Rico has hindered the recovery and reconstruction.
Up until this point Puerto Rico’s reconstruction process has been examined under a myopic lens. There have been discussions on multiple issues ranging anywhere from the total sum of relief aid, the amount of federal disaster funds appropriated and disbursed, the status of the privatization of the electric power grid, to the imposition of a federal monitors and additional controls.
A missing element is how all these isolated pieces seem to be tied together and the possible effects they will have on the economy at-large. The residents of Puerto Rico contend with scrambled explanations of what is already a complicated bureaucratic process, framed merely from the perspective of federal support, without a clear clarification of how funding is tied to Puerto Rico’s collective recovery.
Puerto Rico’s future depends on the outcome of the reconstruction process.
It is a tall order to connect all the dots, but the Center for a New Economy (CNE) plays a unique role in painting a clearer picture of how the pieces intersect and how the actors interact with each other. As Puerto Rico’s think tank, CNE is the principal independent subject matter expert on the reconstruction efforts in Puerto Rico. With over twenty years of experience analyzing Puerto Rico’s economic issues, a well-respected reputation, strong ties to the community and decision-makers in Washington DC, and in-house qualified planners, engineers and housing experts, CNE is uniquely positioned to objectively assess Puerto Rico’s state of reconstruction and map out a way forward.
State of Reconstruction Summit
San Juan, Puerto Rico
ReconSummit 2020 has two main objectives: first, to provide a coherent framework to understand the reconstruction landscape, and secondly and most importantly, to maximize and provoke the actions necessary for getting reconstruction funds adequately allocated and disbursed to Puerto Rico.
This event will provide a platform to promote greater locally-led coordination, collaboration and transparency in Puerto Rico’s reconstruction process. A dynamic mix of recognized thought leaders, community organizers and experts on disaster management will come together to discuss the factors that should be taken into consideration when planning an effective and just reconstruction process.
CNE has been organizing impactful and influential events in Puerto Rico, Washington, D.C. and New York City for twenty years and is able to bring together the most important stakeholders from business, academia, local and federal government, NGO’s and the international sphere.
It’s time to come together and answer difficult questions.
Where are we in the process?
Why is it taking so long?
What are the key obstacles?
Join CNE in this quest.
Be a part of Puerto Rico’s
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