Adam Greenfader soon to release new book

FOR IMMEDIATE RELEASE

 

Adam Greenfader Set To Release His New Book – “Why Puerto Rico Now: A Masterplan For Resurgence, Resiliency and Long-Term Economic Growth” 

 

Puerto Rico and the Internal Revenue Service had created a series of tax incentives to bring in new businesses and people to the island. This had the unintended consequence
 of attracting a new breed of entrepreneurs – blockchain and crypto investors. Suddenly, Puerto Rico finds itself leading a technological revolution with thousands
 of people bringing new ideas, connections, and capital to the island.

 

Miami, Florida, November 2, 2022, Adam Greenfader’s motivation for Why Puerto Rico Now originates from his first-hand experience of living through climate related tragedies. September 2022 marked the five-year anniversary of Hurricanes Irma and Maria – the worst climate disaster in Puerto Rico’s modern-day history. Adam also had several family members perish in the building collapse in Surfside, Florida. 

New approaches are urgently needed to rebuild Puerto Rico for the long term and create an independent economic model that will last generations. The author lived in Puerto Rico for 25 years and completed over 1 billion dollars in residential, hospitality, and commercial developments in Puerto Rico. Adam continues to work on-island and is a champion for Puerto Rico and avid organizer of Puerto Rico based investment events, on-line seminars, and island promotional publications. 

 

Why Puerto Rico Now will be soon released in a digital share format or NFT. This new technology will allow those who collaborated in the work to participate in its success. The goal is that Why Puerto Rico Now  becomes a peer-to-peer platform for innovation.

 

This book is intended for the 3 million Puerto Ricans that live on island and the 5 million that live off-island primarily in NYC, NJ, and Florida. Why Puerto Rico Now may be of specific interest to the more than 15,000 Act 60 (formerly Act 20/22) grantees who are looking to Puerto Rico as a place to live, invest, or to help economically. 

 

On November 14, 2022, Adam will be officially launching his new book at the Puerto Rico Builders Association annual conference in San Juan, Puerto Rico. It is also available on Audio read by the author.

 

About The Author:

 

Adam Greenfader is a recognized business leader, speaker, and forward-looking thinker. He is the chairman of AG&T, a real estate development and advisory firm based in Miami, Florida.

 

AG&T specializes in residential development, hospitality, and island projects. Adam moved to Puerto Rico in 1993 and lived in San Juan for 25 years, where he and his wife raised their two children. Part of his motivation for this book comes from his first-hand experience of living through multiple hurricanes and climate change related tragedies.

 

He holds a Master of Real Estate Development (M.R.E.D.) degree from the University of Southern California and earned a Bachelor of Arts degree in Government from Clark University. Adam attributes his passion for art, design, and photography, from his studies at the Universite de la Sorbonne, in Paris, France.

 

Adam Greenfader was an early innovator and likes to say O.G. in Puerto Rico’s internet development with the launching of vidacool.com, a social media community for Hispanic youth. Adam is passionate about the convergence of blockchain and real estate, finding innovative solutions to sustainable development and creating resilient communities.

 

Adam has been a long-time member of the Puerto Rico Builders Association, the National Association of Home Builders, and the Caribbean Green Building Council. Adam Greenfader currently chairs the Urban Land Institute’s Caribbean committee in Southeast Florida/Caribbean. In his spare time, he enjoys mentoring students at the University of Miami Master of Real Estate Development program.

 

As Puerto Rico turns a page on a new chapter in its economic development, Adam is hopeful for  a better tomorrow. 

 

 

For complete information, visit: www.whypuertoriconow.com

 

 

 

Why Puerto Rico Now – Interview

Why Puerto Rico Interview
Why Puerto Rico Now interview with Adam Greenfader of AG&T and Robbie Karver of PR Consultants.  The interview was held in San Juan, Puerto Rico at the recent Investor Mastermind conference.  

 

To receive access to an advance version of Why Puerto Rico Now. Register Here. 

Together they discuss investment opportunities in Puerto Rico. In this interview, Adam and Robbie discuss why the island is ready for great growth. They also explain why the island’s economy may provide insulation from some of the global economic issues causing the recession.  Below are some excerpts from the book. Coming soon and launching in September 2022. 

In every crisis, there is an opportunity. 

Today, we find ourselves recovering from a worldwide pandemic. Supply line challenges caused by COVID 19 has made the production, distribution, and storage of critical supplies a top national priority. Puerto Rico, with over 70 years of critical manufacturing experience, is in an ideal position to lead the fight against COVID 19 for the United States. In the midst of all these challenges, there are silver linings. 

Today, Puerto Rico is about to receive the largest allocation of Federal relief funds in U.S. History.

 In what is being called Operation Bootstrap 2.0., Puerto Rico will receive over 80 billion dollars. This includes money to  construct homes, critical infrastructure, renewable energy, and other vital projects.

In addition to relief funds, Puerto Rico and the Internal Revenue Service have created a series of tax incentives. Their goal is to bring in new businesses and people to the island. Act 20/22 (now Act 60) had the unintended consequence of attracting a new breed of entrepreneurs – blockchain and crypto investors. Suddenly, Puerto Rico finds itself leading a technological revolution with thousands of people bringing new ideas, connections, and capital to the island.

To receive access to an advance version of Why Puerto Rico Now. Register Here. 

Discover Puerto Rico Tourism Development

Discover Puerto Rico

Discover Puerto Rico Tourism video (2:45 s)  highlights Puerto Rico’s unique selling proposition for tourism in 2022 and beyond. Interviews with Adam Greenfader of AG&T and Federico Stubbe of PRISA Group discuss the island’s rich culture, robust infrastructure, great airlift, and other benefits such as Federal tax incentives. Watch the video to learn how you can be part of Puerto Rico’s booming hospitality and tourism industry.

Puerto Rico means business. The island’s supportive ecosystem empowers entrepreneurs’ forward-looking vision with a spectrum of assets, including smart tax incentives, a highly skilled bilingual workforce, U.S. legal & financial frameworks, and an advanced network infrastructure.

 

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  1. Discover Puerto Rico is the official destination marketing organization (DMO) for our Island, which was created by legislation in 2017. Learn more about the organization’s purpose and history, as well as the expert staff who help make the DMO successful.
  2. PRISA GROUP is a family-owned, Puerto Rico-based developer.  PRISA is a builder of green residential communities and luxury hospitality projects. The Company has more than 500 employees and 6,000 units in planning and construction.  The value of works is over $3 billion with over 30 years in the business.
  3. AG&T is a real estate development and consulting company founded in 1998 with headquarters in Miami, Florida. Our  track record spans over 55 real estate development projects in Puerto Rico, Sint Maarten, Costa Rica, Panama, Mexico, Dominican Republic, and various other Caribbean islands.

Puerto Rico Investing Mastermind

Adam Greenfader Investing Mastermind

Join us for the Puerto Rico Investing Mastermind with Adam Greenfader of AG&T  from July 25th – July 28 in Condado, San Juan to explore the rich investing opportunities in this tropical US Territory, Puerto Rico.

Click here for tickets and more information.

An island that is offering amazing tax incentives to investors willing to catch the vision of this tropical island.

What you will learn:

  • The island empowers entrepreneurs with a spectrum of assets, including smart tax incentives, a highly skilled bilingual workforce, and U.S. legal & financial frameworks.
  • 98% of Puerto Rico is opportunity zones, including many of its beach properties
  • Find out who is migrating to the island and why!

Real estate investing is one of the greatest vehicles to build wealth, but it doesn’t make sense in every market. Some locations provide incredible returns, while others make it almost impossible to make a profit. Click here for more information.

#puertorico #opportunityzone #realestateinvestments #act60 #investing#event Kathryn Morea Brian Bourgerie Ashley Tison Brett Siglin Joel BerrocalMichael Gay, CEcD Samira Yassin, CPA, Esq. Veronica Montalvo

AG&T is a real estate development and consulting company founded in 1998 with headquarters in Miami, Florida. Our  track record spans over 55 real estate development projects in Puerto Rico, Sint Maarten, Costa Rica, Panama, Mexico, Dominican Republic, and various other Caribbean islands.

 

 

Puerto Rico Mortgage Bankers Association Positive about 2022

Puerto Rico Mortgage Bankers Association

The Mortgage Bankers Association of Puerto Rico positive about 2022. See video clip about the 12 month projections for the island’s economy by Adam Greenfader, managing partner at AG&T.

 

La Mortgage Bankers Association of Puerto Rico (MBA) es una entidad sin fines de lucro, establecida para mantener y preservar la industria de la banca hipotecaria alentando a sus miembros a promover y llevar a cabo una práctica responsable en la otorgación de préstamos hipotecarios y en ejercer el buen juicio de la aplicación de las regulaciones locales y federales de manera que se mantenga el buen nombre y el prestigio de las instituciones hipotecarias y la credibilidad ante los consumidores.

 

 

AG&T is a real estate development and consulting company founded in 1998 with headquarters in Miami, Florida. Our  track record spans over 55 real estate development projects in Puerto Rico, Sint Maarten, Costa Rica, Panama, Mexico, Dominican Republic, and various other Caribbean islands. 

 

For more information about Puerto Rico contact us.

 

The Puerto Rico Symposium in Miami With Historic Announcement

 

See All Photos Here

See Agenda and Sponsors

 

The Governor of Puerto Rico Pedro Pierluisi made the historic announcement at The Puerto Rico Symposium in Miami that Puerto Rico was officially out of bankruptcy. The message was well received by over 250 industry leaders from both the public and private sectors.  The event was organized by The Urban Land Institute South East Florida / Caribbean and The Puerto Rico Builders Association.

 

Governor Pedro Pierluisi
Governor Pedro Pierluisi makes historic announcement

 

The Symposium was kicked-off by Scott McLaren, President ULI SE Florida / Caribbean. Scott spoke about the longstanding relationship and collaboration between ULI and the Puerto Rico Builders Association. He highlighted the work on the ULI National Advisory Services Panel on social, economic, and physical resilience in Toa Baja, Puerto Rico. https://seflorida.uli.org/toa-baja-puerto-rico-panel/

Scott Maclaren finished his remarks by recognizing  Vanessa de Mari, the new President of the Puerto Rico Builders Association and the first women president in the organization’s 70 year history. The Symposium was dedicated to this historic accomplishment. In attendance were some of Puerto Rico’s top government leaders.  This included the Honorable Pedro Pierluisi, Governor of Puerto Rico, Manuel Laboy, COR3 Executive Director,  Maretzie Diaz, Deputy Director PR Housing Department CDBG-DR, Natalia I. Zequeira, Commissioner of Financial Institutions, and in attendance, the Secretary of Housing of Puerto Rico, William Rodríguez Rodríguez. The keynote address by the Honorable Pedro Pierluisi, Governor of Puerto Rico’s highlighted the island’s economic accomplishments, the end of Puerto Rico’s population exodus, and the conclusion of the bankruptcy which was officially announced the day of the Symposium.

https://www.bnnbloomberg.ca/puerto-rico-is-out-of-bankruptcy-after-a-22-billion-debt-exchange-1.1738142

In the private sector, Ricardo Alvarez-Diaz, CEO, Alvarez-Diaz & Villalon discussed some of progress of the island’s rebuilding after the 2017 hurricanes Irma and Maria. The reconstruction of the island was  a constant theme throughout the day with specific examples of over 900 started projects.

The first panel, “Why Puerto Rico: Stories of Success,  was a testament to the resiliency of the development community. Moderated by Andrew Carlson, SVP Country Manager, of JLL the discussion highlighted the historic growth of the island’s hospitality sector with the construction and/or renovation of over 3,000 new room keys from El Conquistador, Grand Reserve (formerly known as Coco Beach), Sheraton, AC , and many others. The panel included Federico Sanchez, President & CEO, Interlink Group.

 

Speakers Panel
Dan Kodsi, Brad Dean, Rafael Rojo, Andrew Carson

 

Dan Kodsi, CEO, Royal Palm Companies, Rafael E. Rojo, President & CEO, VRM Companies. Also in attendance was Brad Dean, CEO, Discover Puerto Rico who highlighted the island’s impressive tourism growth (ADR and occupancy rates) during the Covid 19 pandemic and new expansion of tourism throughout all U.S. feeder markets.

As Puerto Rico seeks to build back its tourism and other industries, the financial sector will invariably play a major role. One of the goals of the Puerto Rico Symposium was to facilitate the conversation of growth in both traditional banking as well as new Fintech, IFEs, and other debt/equity players.  Natalia I. Zequeira, Commissioner of Financial Institutions, explained the ease of regulations and process for new financial institutions as Puerto Rico shares many of the same regulations of the U.S. states on the mainland. Ms. Zequeira also mentioned that International Financial Entities (IFE) can now participate in special opportunity projects.

https://www.investpr.org/key-sectors/finance-and-insurance/

Michael McDonnell, Executive Vice President, First Bank, that recently re-opened its  construction division, was bullish on the island’s economic prospects and announced that the Puerto Rico will achieve positive economic growth (GDP) this year– something it has not done in over a decade.  Banesco USA announced the U.S. Department of the Treasury, will invest more than $8.7 billion through ECIP in institutions across the country – Banesco USA is the only bank recipient located in Florida or Puerto Rico.

https://www.prnewswire.com/news-releases/banesco-usa-approved-to-receive-237-5-million-investment-from-the-us-treasurys-emergency-capital-investment-program-301445832.html

Over the last few years, we have all hear about the 80 billion dollars of relief aid that has been allocated to Puerto Rico and is coming. In the “Myth versus Reality panel: Federal Funding Opportunities on The Island,” moderator Ella Woger Nieves of Invest Puerto Rico helped lift-up the proverbial transparency veil. Manuel Laboy, the COR3 Executive Director spoke with detailed facts of the funding by agency with FEMA authorizing 5 billion for temporary work, 21 Billion for 9,000 permanent projects and 800 that are currently under construction today. He also discussed the next wave of over 900 projects that are currently under engineering and design.  Much of this work will be channeled through CDBG-DR and the PR Housing Department. Maretzie Diaz, the Deputy Director PR Housing Department, explained the process for companies wanting to participate in the island’s rebuilding of housing and infrastructure. Mahdu Beriwal, Owner/founder of EIM provided first-hand knowledge of the rebuilding work in Puerto Rico.

 

Adam Greenfader, Ricardo Alvarez-Diaz, Pamela Pautenade, Vanessa de Mari, Alfredo Martinez, Emilion Colon

 

Keynote Speaker Pamela Pautenade, Ex. Deputy Secretary of HUD, was also on hand to share her experiences about the collaboration with the Puerto Rico Builders Association during the 2017 hurricanes crisis. In a moving conversation with Ricardo Alvarez-Diaz, Mrs. Pautenade explained the dedication of the island’s public and private sectors and dispelled any rumors about misuse of relief funds.

 

Keynote Lunch Address
Andrew Farkas, Adam Greenfader

 

Puerto Rico, like much of the Caribbean is in the process of bouncing back from the Covid 19 pandemic.  Adam Greenfader, who chairs the ULI Caribbean Council had a high level sit down conversation with keynote Speaker Andrew Farkas, CEO Island Capital Group. The conversation was focused on social equity and specifically what  role the financial sector has in supporting the region with a particular focus on sustainability, ESG, and helping economic migrants return back to their island homes.

In the last few years Puerto Rico has become known as blockchain capital of the world. While thousands of tech savvy individuals have moved to the island to take advantage of federal tax incentives they have inadvertently created a new economic driver for the Puerto Rico.

https://www.bloomberg.com/news/features/2021-12-11/crypto-rich-are-moving-to-puerto-rico-world-s-new-luxury-tax-haven

 

In our “Fintech & Financial Innovation panel in Puerto Rico, Moderator Nathan Whigham, Founder & President, EN Capital discussed the growth of this huge industry. Rodrick Miller, CEO, Invest Puerto Rico, explained what his group is doing to change the paradigm in Puerto Rico from selling tax incentives to focusing on the island’s quality of labor, education system, and proficiency in bio science and other innovations. Stephen Inglis, CEO, Importal explained his new portal to monetize tax credits and  Yael Tamar, CEO & Co-founder, SolidBlock explained how her company is integrating real estate and blockchain.

https://www.prnewswire.com/news-releases/invest-puerto-rico-elevates-the-islands-role-as-a-global-bioscience-rd-and-manufacturing-hub-attracting-two-major-life-critical-investments-228m-in-new-activity-301221471.html

After a marathon day of conversation it was amazing to see the room still full for our last panel “Growth Industries and Tax Incentives” moderated by Carla Campos and an all-star team including  Jorge Ruiz Montilla, McConnel Valdez,  Francisco Luis, of Kevane Grant Thornton and Rogelio “Roy” Carrasquillo, of the Carrasquillo Law Group. In this panel, specific programs like the Tourism Tax Incentive were explained in detail and there was robust conversation regarding how these incentives have created new jobs in manufacturing, life sciences, construction, and agro-science.

 

On behalf of all of us at the Puerto Rico Builders Association and The Urban Land Institute SE Florida/ Caribbean, thank you to all of the people and sponsors that made The Puerto Rico Symposium possible. We are all hopeful that together both the public and private sector can create long lasting sustainable economic growth.

 

 

For more information about investing in Puerto Rico visit our web site or contact us.

AG&T is a real estate development and consulting company founded in 1998 with headquarters in Miami, Florida. Our  track record spans over 55 real estate development projects in Puerto Rico, Sint Maarten, Costa Rica, Panama, Mexico, Dominican Republic, and various other Caribbean islands.

 

18 Billion For The Next Great Construction Boom

San Juan, Puerto Rico. Last week The Puerto Rico Builders Association held its 70th year conference in San Juan Puerto Rico. The historic event was inaugurated with a conversation on Financing the Next Great Economic Construction Boom.  The panel included Michael McDonald, Executive Vice President and Group Director at Firstbank, Luis Alemañy President and CEO at the Economic Development Bank of Puerto Rico, and Eric Delgado Business Banking Relationship Manager at Acrecent Financial Corporation and Adam Greenfader, Managing Partner at AG&T. It was clear from the conference panelists, that after more than fifteen years of stagnate growth, Puerto Rico appears ready to build back better. Billions of dollars of FEMA and CDBG-DR funds are being allocated in what will be the largest government funding program in US history.  While much of the Federal funds will be used to subsidize projects, the group was in agreement that there is a huge need for private investment and capital to bridge the financing gapMichael McDonald, Executive Vice President and Group Director at Firstbank, made the historic announcement that the bank is opening up its construction division. Several members from the newly formed team were present in the packed room including Carlos Navarro and Mei Li Tsai Rivera. “There is no better indicator of an economy that is ready to grow that when a bank reopens its construction division”, quoted Alfredo Martínez-Álvarez, Jr., Chairman of the Puerto Rico Builders Association. Equally promising, Luis Alemañy President and CEO at the Economic Development Bank of Puerto Rico, was asked about the much awaited CDBG-DR funding. Mr. Alemañy explained that the Economic Development Bank of Puerto Rico has already started allocating over $225 Million dollars to small entrepreneurs. The group was especially receptive to the fact that the grants are being disbursed in $50,000 tranches and does not require repayment. Since 2008, Puerto Rico has gone from twelve financial institutions to less than four. Eric Delgado Business Banking Relationship Manager at Acrecent Financial Corporation, sees a new role for niche lenders filling that gap in Puerto Rico.  He specifically discussed how Acrecent can play a role in funding new construction projects. “We are able to get to funding much faster than traditional banks and also have the capacity for higher loan to coast ratios.  Both Firstbank and Acrecent mentioned that capital is seeking anywhere from 25%-35% of project equity. “As Puerto Rico gets ready to build thousands of much needed homes, critical infrastructure and other key projects, it will be up to both private and public institutions to step up and provide the much needed capital and leadership”, quoted Adam Greenfader of AG&T.  All of the panelist were in agreement that the island in the next few years is ready for strong growth. They specifically mentioned that in addition to the more than 8 billion dollars of Federal Grants, Puerto Rico has one of the most robust tax incentives and credit programs in the world. The hospitality incentive with a 40% tax credit was specifically highlighted as a very strong component of any capital stack today. Helping to plan a better future for the island, The Puerto Rico Builders Association will be holding its annual conference on September 20 and 21, 2022.  Speaking and sponsorship opportunities are available and you may contact AG&T at contact@agandt.com.   AG&T is a real estate development and consulting company founded in 1998 with headquarters in Miami, Florida. Our  track record spans over 55 real estate development projects in Puerto Rico, Sint Maarten, Costa Rica, Panama, Mexico, Dominican Republic, and various other Caribbean islands.  

Adam Greenfader Shares New Opportunities in Puerto Rico

Adam Greenfader

Adam Greenfader, Managing partner of AG&T (7 minute video) speaks on new opportunities in Puerto Rico. Learning this video about the the island’s history and how you can learn from the past to generate real value and  long term economic growth. The video includes new information about tax incentives, the tourism tax incentive, Act 20/22, and other tax credits for real estate development. Contact us for more information and to learn about Why Puerto Rico Now

AG&T is a real estate development and consulting company founded in 1998 with headquarters in Miami, Florida. Our track record spans over 55 real estate development projects in Puerto Rico, Sint Maarten, Costa Rica, Panama, Mexico, Dominican Republic, and various other Caribbean islands.

 

Helping Puerto Rico since the 1950’s

Puerto Rico 1950's

70 years ago, when the Puerto Rico Builders Association was formed, the United States was on the brink of entering the World War II. December 7, 1941, would be considered a day that would “live in infamy”. Thousands of Puerto Ricans as American citizens fought in the War and would return home as victors to an island on the precipice of great economic growth.  Thanks in large part to Operation Bootstrap, o “Manos a La Obra”, the Puerto Rico Builder’s Association has played a vital role in shaping the island’s long term economic development. The Puerto Rico Builders Association (formerly known as the Homebuilders Association) was formed in a critical period of time when the island was undergoing a massive transformation from an agricultural society into a leading manufacturing hub.

Puerto Rico would see historic growth for more than three decades and the Puerto Rico Builders Association would play a leading role in shaping the island’s zoning regulations, environmental protections, financing, and building codes (often referred to as a Miami’s building code on steroids).  Puerto Rico benefited greatly from these concerted efforts by the Puerto Rico Builder Association with one of the highest homeownership rates in the Western world at 68%. Puerto Rico is also the second largest public housing jurisdiction in the United States second only to New York City.

In 2015, The Puerto Rico Builders Association, under the leadership of then PR Builders president, Ricardo Alvarez Diaz Villalon joined forces with the Urban Land Institute Southeast Florida/Caribbean District Council. ULI founded around the same time as the PR Builders Association, is one of the oldest and largest networks of real estate and land use experts in the world. ULI’s mission is to shape the future of the building industry and create thriving and sustainable communities around the globe. Shortly thereafter, Puerto Rico was devastated with two back-to-back category five hurricanes.

Hurricanes Irma and Maria destroyed most of the island’s electrical infrastructure and informal housing stock at a cost estimated over 100 billion dollars. ULI together with the Puerto Rico Builders Association created a task force to study the effects of the storms and how to build back better. Under then ULI president Greg West, the Puerto Rico Builders Association and ULI convened national panel of experts and created a specific action plan for the municipality of Toa  Baja.

The Puerto Rico Builders Association BoardThe Puerto Rico Builders Association and ULI have since held multiple meetings and conference throughout the years in both Puerto Rico and Miami to explore new areas of synergy and improvements to the island’s build environment. ULI’s current president, Scott McLaren was recently quoted, “we strongly value our long standing partnership with your organization and admire the leaders who go above and beyond, especially when faced with such tremendous obstacles.”

Come celebrate 70 with the Puerto Rico Builders Association Puerto Rico on October 27-29 in San Juan. https://constructorespr.com/convencion-2021/

AG&T is a real estate development and consulting company founded in 1998 with headquarters in Miami, Florida. Our  track record spans over 55 real estate development projects in Puerto Rico, Sint Maarten, Costa Rica, Panama, Mexico, Dominican Republic, and various other Caribbean islands.

 

 

State of the Caribbean Hotel Market

On Tuesday, March 16, 2021 at 10:30am, we held the ULI State of the Caribbean Market Place webinar. The event boasted some of the top industry leaders in finance, brokerage, and development on what’s happening in the Caribbean hotel market. Speakers included Juan Corvinas Solans, Rogerio Basso, Alexandra Lalos, and Christian Charre, and Brad Dean. Moderated by Adam Greenfader.