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THE BOOK OF LISTS 2020 Flipbook PDF
The Book of Lists 2020 is an annual business directory published by Latin Media House, LLC, from Guaynabo, Puerto Rico.
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BOOK OF LISTS
2020
$21.98
Puerto Rico’s Business World in Numbers
CONTENTS MARKET FACTS INDEX .............................. 9
CONSTRUCTION & REAL ESTATE.......... 79
Market Facts ....................................................... 10 How to Open a Business in PR ................................ 14 Trade Associations ............................................... 27
Industry Snapshot ................................................ 80 Shopping Center Management Companies ................ 81 Engineering Firms ................................................ 82 Architectural Services Firms ................................... 84 Construction Companies ....................................... 86 Construction Equipment Companies ......................... 88 Construction Management Companies ...................... 90 Construction Materials Suppliers ............................. 91 Electrical &/or Mechanical Contractors ...................... 92 Electrical Materials Suppliers .................................. 94 Structural Steel Erectors & Fabricators ...................... 96 Commercial Real Estate Companies.......................... 98 Residential Real Estate Companies ......................... 100 Office Building in San Juan Metro Area .................... 102 Office Building Management ................................ 104
TOP 10 COMPANIES ................................ 29 TOP 200 .................................................... 37 Top 10 Executive Women ....................................... 52 Oldest Companies ................................................ 52 Family-Owned Companies ..................................... 53 Fastest Growing Locally-Owned Companies .............. 54 Top Employers ..................................................... 55
BANKING & FINANCE................................57 Industry Snapshot ................................................ 58 Credit Unions ...................................................... 59 Commercial Banks ............................................... 61 Financial Investment Companies .............................. 62 Auto Financing Companies ..................................... 64 International Banking Entities ................................. 64 Mortgage Companies ........................................... 65 Public Companies ................................................ 65 Securities Brokerage Firms..................................... 66 Personal Finance Companies .................................. 66
COMMUNICATIONS & MEDIA ................ 67 Industry Snapshot ................................................ 68 AM Radio Networks .............................................. 69 FM Radio Networks .............................................. 69 TV Networks ....................................................... 69 Telecommunications Companies .............................. 70 Newspapers-Daily ............................................... 72 Newspapers-Weekly ............................................ 72
COMPUTERS & TECHNOLOGY ...............77 Industry Snapshot ................................................ 78 Information Systems Consultants ............................. 75 Systems Integration Firms ...................................... 76 Printer & Scanner Distributors ................................. 78
EDUCATION ............................................. 105 Industry Snapshot .............................................. Private Schools .................................................. Universities ...................................................... Technical Institutes .............................................
106 107 112 116
GREEN INDUSTRY ...................................117 Industry Snapshot .............................................. Renewable Energy Products & Services Companies ... Environmental Firms ........................................... Recycling Companies .......................................... Landscaping Services Companies .......................... Waste Disposal Firms .........................................
118 119 120 121 122 123
HEALTH & INSURANCE .......................... 125 Industry Snapshot .............................................. Private Hospitals ................................................ Clinical Laboratories ........................................... Cannabis Dispensaries ........................................ Health Insurance Companies ................................ Insurance Brokers, Agents & MAGs ........................ Life Insurance Companies .................................... Property & Casualty Insurance Companies ...............
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126 127 133 136 138 140 144 145
3
CONTENTS MANUFACTURING .................................. 147
TOURISM & LEISURE .............................. 193
Industry Snapshot .............................................. Pharmaceutical Manufacturers .............................. Agribusiness Companies .................................... Beverage Products Manufacturers ......................... Food Products Manufacturers ............................... Packaging Components Companies ....................... Plastics Manufacturers ........................................ Surgical & Medical Devices Manufacturers ............... Electrical Equipment & Components Manufacturers ... Window & Door Manufacturers .............................
Industry Snapshot .............................................. Auto Rental Companies ....................................... Hotels ............................................................. Convention & Meeting Facilities ............................ Paradores ........................................................ Marinas ...........................................................
148 150 152 152 153 154 155 156 158 159
RETAIL ....................................................... 161 Industry Snapshot .............................................. Auto Dealers ..................................................... Office Supplies & Equipment Stores ....................... Pharmacies ...................................................... Restaurant Franchise Operators ............................ Supermarkets and Cash & Carries .......................... Shopping Centers ..............................................
162 163 163 164 165 165 166
SERVICES .................................................. 167 Industry Snapshot .............................................. 168 Accounting Firms ............................................... 169 Collection Service Agencies .................................. 174 Law Firms......................................................... 175 Management Consulting Firms .............................. 178 Temporary Employment Companies ........................ 180 Executive Search Companies ................................ 181 Advertising Agencies .......................................... 184 Telemarketing & Contact Centers ........................... 186 Outdoor-Advertising Companies ........................... 186 Market Research ............................................... 187 Public Relations Firms ......................................... 188 Office Design Stores ........................................... 189 Commercial Printers ........................................... 189 Security Guard Companies ................................... 190 Security Systems & Services Companies .................. 190 Validation & Regulatory Compliance Services Companies 191
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194 195 196 198 200 201
TRANSPORTATION .................................203 Industry Snapshot .............................................. Moving Companies ............................................. Trucking Companies ........................................... Freight Consolidators ......................................... Ocean Cargo Carriers ......................................... Cargo Shipping Agents ....................................... Customs Brokers ............................................... Warehousing & Storage Companies .......................
204 205 205 206 206 208 209 212
WHOLESALE ............................................ 215 Industry Snapshot .............................................. Auto Wholesalers ............................................... Petroleum Products Wholesalers ........................... Air-Conditioner Distributors ................................ Beverage Products Distributors ............................. Food Products Distributors .................................. Electric Generators Distributors ............................ Food Service Distributors ..................................... Chemical Distributors .........................................
216 217 217 218 220 221 222 224 224
COMPANY INDEX ................................... 225
CELEBRATING 5 YEARS OF SOLIDARITY WITH PUERTO RICO
EDITOR’S 2020 Publisher Miguel A. Ferrer
Editor in Chief Heiko Faass
Executive Editor Philipe Schoene Roura
Head Special Projects Yanira Hernández
EDITORIAL Special Projects Manager Eylin Fortin Suárez Researchers José Alvarado Vega, Cristina Hernández Díaz, Diamilet Martínez Investigative Reporter José Alvarado Vega Photojournalist Jaime Rivera SALES DEPARTMENT Chief Operation Officer Max Carranza Sales & Marketing Manager Liza Raevis Senior Account Executive Jackeline Matos Account Executives Lizzette López, Elena Díaz, Glenda Fuentes 787.728.3000 Email: [email protected] PRODUCTION DEPARTMENT Manager Blanca Santiago Prepress Manager Carlos Laboy Senior Graphic Artist Dennis J. Chaparro Cover Artwork Sebastián Romero
Chairman Miguel A. Ferrer
CEO Heiko Faass
Circulation Department: 787.728.7670 Fax: 787.268.1001 Customer Service/Subscriptions Email: [email protected] It is the policy of Latin Media House, LLC to promptly correct and clarify any error or misleading information that may appear in its publications. To correct any error or request clarification, call 787.728.3000 or send email to [email protected]. Latin Media House, LLC doesn’t assume any liability for the products and/ or services advertised in its publications. Copyright© 2020 by Latin Media House, LLC. Registered in the U.S. Patent & Trademark Office (ISBN 978-0-945579-67-0). No part of this publication may be reproduced, stored in any retrieval system or transmitted in any form or by means of electronic, mechanical photocopying, recording or otherwise, without prior written permission of the publisher, Latin Media House, LLC. ALL RIGHTS RESERVED.
LETTER
A
Dutch proverb says that although the wind cannot be stopped, one must know how to build windmills. And in Puerto Rico, we have had to learn to build mills to take advantage of the winds that have hit us in the past several years. That conviction is what inspired the Book of Lists that we have put in your hands this year.
Over the past 32 years, this compendium has been expanded to provide more and more verified, timely and useful information regarding the Puerto Rican economy and the growth of its companies. This is an unusual year. Compiling information for this publication has been a challenge. However, our readers will find that our team did an extraordinary job to include the most recent and available statistical data for most sectors, despite delays in government statistics reporting as a result of personnel reductions due to the Covid-19 pandemic. You will notice that the 2020 Book of Lists is published in a new, easy-touse format but with the same relevant and precise information that our readers expect. In this edition we provide a comprehensive roadmap with essential information that an entrepreneur needs to know to open a business on the island. In this task we recognize the team work led by Antonio Duarte-Pino, a former deputy secretary of the Puerto Rico Economic Development and Commerce Department, who explains in a detailed and precise manner the process necessary to become an entrepreneur in Puerto Rico. We also want to thank the contributions of the former director of the Puerto Rico Industrial Development Co., Antonio Medina, and renowned economist Heidi Calero. This new edition also presents a snapshot of each economic sector that contextualizes the statistical and economic reality in which the companies that appear on the lists operate. I appreciate the work of the Caribbean Business and Book of Lists teams, led by Special Projects Manager Eylin Fortín Suárez, investigative journalist José Alvarado Vega and researcher Cristina Hernández; as well as the design work of senior and lead graphic artists Dennis J. Chaparro and Sebastián Romero, respectively; editing by Eduardo San Miguel Tió and Philipe Schoene; and the logistical support of production and prepress managers Blanca Santiago and Carlos Laboy, respectively. Last but not least, thanks to our sales team led by Liza Raevis, because without this team effort this publication would not have been possible. We hope you enjoy this edition and I invite you to build windmills together. Yanira Hernández Cabiya Managing Editor
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ADVERTISER’SINDEX A-E
F-O
COMPANY
PAGE(S)
Academia del Perpetuo Socorro
115
AIG Insurance Company, PR
145
AIT Worldwide Logistics
39
AKM Industries
158, 223
Allied Car Rental
195
AMGEN
149
AON
139
AT&T
71
Atlantic University College Ballester Hermanos
51
Falcon Sanchez & Associates, PSC
P-Z PAGE(S) 172
169
Power Sport/Power Solar
Fuller Group
36B
PR SBTDC
85
Professional Communications, Inc. (P.C.I.)
40
Property Concepts (Cushman & Wakefield)
98
95
IFCO Recycling
121
IKON Group
139
Informasi Technology Solutions
75
RSM Puerto Rico
173
Saint John’s School
109
JLL P.R. Realty
99
Jose G. Flores, Inc.
211
Kelly Services
181
Kevane Grant Thornton
8A
KW Puerto Rico
101
Laboratorio Clinico Toledo
132
Laboratorios Borinquen
133
Manpower Group
183
Marsh Saldana
143
108
ConWaste
123
COOPACA
59
Martel System Integrators, Inc.
77
Cooperativa San Rafael
60
Martin Brower
39
CRB Caribe LLP
83
MCS
Crowe PR PSC
171
Mech-Tech College
116
CSCG, Inc.
146
Medtronic
157
87
Metro Pavia
Custom Group Danosa
3
223 173
98
Commonwealth Parkville School (CPS)
Rimco
109
Christiansen Commercial Real Estate
85
38
Rodriguez, Rivera & Toro PSC
176
111
210
Renova Solutions Robinson School
Jimenez, Graffam & Lausell
Colegio Católico Notre Dame
Rene Ortiz Villafane, Inc.
170
50
CMA Architects & Engineers Llc
218
36A
Chess Advertising
61
89
Refricentro
Javier Aponte Betancourt, CPA (JAB & CO LLC)
213
192
Puerto Rico Wire Group
Interboro Systems Corp.
Cesar Castillo LLC
Club Seabourne
127
159
Graybar International
CITI
51
Prime Janitorial
Glasstra
177
8B
119
FPV & Galindez LLC
Cancio, Nadal & Rivera, LLC
CIC Construction Corp.
114
138
89
53
130
First Medical Health Plan
179
Cervecera de PR
Pharmpix Ponce Health Sciences University (PHSU)
Gonzalez Trading (GT)
81, 103
110
128
Gonzalez Torres & Co. CPA, PSC
CCM Puerto Rico
Palmas Academy
First Healthcare (FHC)
182
39
138
177
Business Professional Hirers (BPH)
Casillas Santiago Torres (CST Law)
151
PALIC Puerto Rico IFC
GDT LLC Arquitectos-Ingenieros
PAGE(S)
Paciv
First Bank
186
6
COMPANY
Ferraiouli LLC
bMedia Group
Caribe Tecno CRL
8
112
COMPANY
124A
124B
Sherwin Williams
91
Sidif
39
SJT Manufacturing Software One Sonnell Truck Center
146 77 202
Steel & Pipes, Inc.
96
Steel Services & Supplies
97
Tactical
185
Techno Plastics
155
The Tasis School
107
Trailer Bridge
BC
Unique Properties
101
Universal Group
2
Universidad Ana G. Mendez
113 191
Molinos De Puerto Rico
153
Validation & Engineering Group
104
Veolia
122
Vidal & Rodriguez Insurance Broker
141
De Varona Insurance
142
Munoz Holdings, Inc. (MB)
DHL
213
National Shipping
207
Dorado Health/Manati Medical
129
Nestor Reyes Inc. (NCR)
209
Doubletree
197
NUC University
113
EDP University
114
Oldach
219
Escalate Sciences & Research
151
Olympic Agency Insurance
143
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VWR (Avantor)
4
Walmart
1
Yaras Corp (Valero Inc)
40
MARKET FACTS
Market Facts......................................................................... 10 How to Open a Business in Puerto Rico ..................... 14 Trade Associations ............................................................. 27
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MARKETFACTS Official Name: Estado Libre Asociado de Puerto Rico (Commonwealth of Puerto Rico) Political Status: U.S. Unincorporated Territory Since 1898 Government: Democratic System Based on General Elections Every Four Years Language: Spanish and English Governor: Wanda Vázquez Garced (Sworn-In Aug. 7, 2019) Total Area: 3,435 Square Miles (8,896.61 Square Kilometers) Capital: San Juan Currency: U.S. Dollar Geographic Coordinates: 18°15›N, 66°30›W Average Temperature: 82º F (27º C) Low Average: 78º F (25.6 C) Jan.-Mar. High Average: 88º F (31.1 C) Jul.-Sept. Coastline: 311.31 Miles (501 Kilometers)
M A R K E T FAC TS
MARITIME CLAIMS: Exclusive Economic Zone: 200 Nautical Miles Territorial Sea: 12 Nautical Miles
ELEVATION: Lowest Point: Caribbean Sea, 0 Feet (0 Meters) Highest Point: Cerro de Punta, 4,389.76 Feet (1,338 Meters)
Vital Statistics Population: 3,193,694 (Male: 47.5% / Female 52.5%) Population Per Sq. Mile: 929.8 Distribution of Population by Age: 20.8% - Younger than 19 / 57.8% - Age 20-64 / 21.3% - 65 and older Median Household Income: $20,474 Per Capita Income: $13,345 Median Earnings for Workers: $17,101 People Under the Poverty Level: 43.5% People With Health Insurance Coverage: 92.2% Median Housing Value: $110,300 Total Household Units: 1,170,982 Average Household Size: 2.7 people Life Expectancy*: 80.7 Years (Men: 76.5 Years / Women: 84.9 Years) Sources: One-Year Estimates (2019) U.S. Census Bureau, American Community Survey / *Puerto Rico Health Department Preliminary Data for 2018
PUERTO RICO POPULATION DISTRIBUTION Top 10 City-Municipalities
10
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M A R K E T FAC TS
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