Valcor-Samcor expands facility to manufacture tempered glass, the first company in Puerto Rico to do so. Puerto Rico and FOVA, Grey's specialized Hispanic-market agency in New York. It is the first time, that a global company had established a communications company to reach Hispanic market with headquarters in Puerto Rico. September Home Depot buys six Plaza Masso stores for an undisclosed amount. PRMA adopts Naics industry guide, substituting former SIC classification system.
Southern municipalities announce their support for the megaport.
Oriental Express expands globally with From2 delivery service agreement. Gov. Pedro Rossello signs House Bill 3415 and Senate Bills 2289 and 2290 to amend the Puerto Rico Banking Law and the Insurance Code to conform local statutes with the Gramm-Leach Bliley Act, also known as the Financial Modernization Act of 1999. The deregulation of the financial business sector represents the entrance of banks and other financial organizations in the insurance and brokerage sectors. Casiano Communications launched Vida Actual, the largest circulation newspaper in Puerto Rico, with more than 689,000 issues mailed directly to people's homes and businesses through the U.S. Postal Service. First BanCorp acquires First Virgin Islands Federal Savings Bank.