The bold plan that could direct billions in aid to Puerto Rico
The storm, however, presents an opportunity — to be a catalyst for a major change for the island, if the Republican-led government can see it and act on it. One vision for this comes from David Kotok, CEO of Cumberland Advisors, a Florida-based advisory company with strong ties to Puerto Rico, who advocates for a modern-day Caribbean version of WWII’s Marshall Plan, a bold plan that could direct millions in aid to the ailing region.
The fact that Puerto Rico wasn’t the only region devastated by a hurricane — or even the only U.S. region — broadens the scope of how to fix the problem, which led Kotok to a Marshall Plan scenario, something that others like Richard Branson have suggested after Irma ripped through the Virgin Islands.
“The U.S. could help its two territory areas first. That’s the president’s ‘America First’ theme — an aid package that would be American oriented,” said Kotok. “And a supplemental one to lessen the geopolitical risk to the U.S. by being a supportive neighbor to island nations in the Caribbean.”
Read the full article at Yahoo Finance: https://finance.yahoo.com/news/bold-plan-direct-billions-aid-puerto-rico-181736800.html
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