This is the first article in a blog series focused on the necessity of a digital transformation on the local government practices. As an Act 20 company, we want to partner with local initiatives that want to create solutions. We believe in the future of Puerto Rico. Next Tuesday, we are pleased to join Piloto 151 in the forum Dear Fiscal Board to discuss new possibilities for the island.
More than a financial crisis, the Puerto Rican government has an immediate crisis, one that has been a silent killer of the island for many years. The financial crisis is making headlines but there’s a toxic and unfortunate chaos that is being ignored. The government agencies are operating under a poor, mediocre and inefficient cycle, one that is costing the government more than money.
As of November 2016, there were more than four hundred Act 20 decrees approved for operation in Puerto Rico. For a country that has not registered economic growth since 2006, this represents a new chance to recover from a seventy thousand million financial deficit.
Before the labor reform was approved, the job panorama in Puerto Rico was not a promising one. With the highest unemployment rate in the United States, people were hunting for the available positions, no matter their field.