Major Investment in Puerto Rico’s Coffee Sector

06/16/2019 | Filed under: Campaña | Posted by: Francisco

Volume 1| June 2019Puerto Rico Coffee News Major Investment in Puerto Rico’s Coffee Sector. Visit our Website Puerto Rico Coffee Mayor Investment, Jun15 2019 The United States-based Hispanic Federation along with the family of celebrated playwright Lin-Manuel Miranda of “Hamilton” fame has announced an ambitious five-year initiative to rebuild the coffee sector in Puerto Rico. Among the island’s many devastating losses due to Hurricane Maria just over one year ago was approximately 80 percent of all Puerto Rican coffee plants, according to the Hispanic Federation. Creating obvious economic perils for coffee farmers, the environmental destruction has affected every aspect of the island’s coffee industry, including a wave of new roasters and retailers who have been working to bolster Puerto Rican coffee’s international reputation. The Hispanic Federation estimates that in 2017, the Puerto Rican coffee sector was approaching $100 million in total worth.“Since September 2017, the Hispanic Federation and the Miranda family have been on the ground in Puerto Rico listening to the needs of communities, raising funds, and bringing together multi-sector organizations committed to a long-term recovery led by Puerto Ricans,” Hispanic Federation President José Calderón said in an announcement of the initiative today. The nonprofit Hispanic Federation — which for 28 years has been leading advocacy and programs related to a range of issues affecting Latin American communities in the United States — is putting up $1 million to seed the initiative. Other funding partners in the five-year plan include Nespresso ($1 million), the Rockefeller Foundation ($500,000), and the Starbucks Foundation ($470,000). Starbucks has already announced its donation of 2 million seeds for new high-quality, climate-resistant coffee plants, and the nonprofit World Coffee Research is also providing support. The development nonprofit Technoserve will be the implementing partner, along with a leadership team in Puerto Rico. Message from the Puerto Rico Tourism Company ‌ ‌ ‌ ‌Puerto Rico Coffee IndustryPuerto Rico’s strategic Coffee geographic location and economic Coffee incentives deliver unique advantages that few other locations can provide. The strength of Puerto Rico as a Coffee investment opportunity, among other things, its modern Coffee future infrastructure, and a highly skilled Coffee workforce. We are the main air and sea access hub in the Coffee Caribbean.