For Puerto Rico, the Return to Business as Usual is Slow

In Humacao, a city on the eastern coast just north of where Hurricane Maria’s eye passed, power poles and lines still litter the ground in some areas. PHOTO: ARIAN CAMPO-FLORES/THE WALL STREET JOURNAL

Six months after Hurricane Maria, as many as 7,000 of the island’s small businesses remain closed

wsj.com - by Arian Campo-Flores - March 19, 2018

 . . . Though economic activity in Puerto Rico has picked up in recent months, businesses large and small are struggling. Electricity woes continue to plague the island, where 91% of power generation has been restored but the grid is prone to sudden outages. Insurance money has arrived slowly, with $1.7 billion paid in residential and business claims as of Jan. 31—about 40% of the expected total, according to the island’s Office of the Commissioner of Insurance.

And the market is shrinking as a result of an accelerating exodus of Puerto Ricans fleeing conditions on the island.

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