Growth and Value: A Moral Responsibility of the Private Sector

Josean Arroyo Pont • January 16, 2026

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As the new year begins, let's discuss two key pillars of an economy: growth and value, and the role the private sector plays in both.


Year after year, we hear debates about Puerto Rico's growth, or the lack thereof. Economists present their models and analyses, trying to introduce some slope to what appears to be a consistently flat line. Meanwhile, we often confuse growth with inflationary revenue increases and constantly blame the government for our stagnation. 


Similarly, the concept of value is often overshadowed by rising prices. Companies believe that price increases, while they may improve cash flow, equate to value creation and growth. However, in reality, price increases that occur without corresponding increases in wages or economic output (productivity) diminish consumers' purchasing power and do not contribute to real (inflation-adjusted) growth. 


This highlights the critical role of the private sector in Puerto Rico's economy. If businesses across the island do not prioritize real value creation and invest in non-inflationary growth, we cannot expect the country to thrive. One could argue that the fiduciary responsibility of companies to grow and create value for their shareholders extends to a social responsibility toward the communities in which they operate, not from a welfare perspective, but in terms of fostering financial and productive prosperity.


The private sector must balance day-to-day operations with medium and long-term strategic paths that emphasize value creation. While the path to a thriving Puerto Rico certainly depends on government policy, every company, whether small, medium, or large, must adopt a mindset focused on real (not nominal) growth. Otherwise, we will simply shift money between pockets while deceiving ourselves into believing we are truly growing.


Ultimately, the private sector has the power and responsibility to transform the economic landscape of Puerto Rico. By prioritizing real value creation and embracing a sustainable growth mindset, companies can not only enhance their own success but also contribute to the prosperity of the communities they serve.


-Josean Arroyo Pont

Co-Founder, Sinfonica Strategies

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