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PuertoRicoWOW News Service
Walgreens To Invest $400 Million In P.R. By Opening 30 New Stores
By Proviana Colon Diaz
March 21, 2001
Walgreens Co. President and C.E.O. David W. Bernauer announced Wednesday the company's intentions to invest $400 million in Puerto Rico within the next five years by opening at least 30 new drug stores.
"The openings will generate over 1,800 new jobs, and each pharmacy will have an annual direct impact in the Puerto Rican economy of $5 million," Bernauer said.
With 52 stores in Puerto Rico and over 3,000 employees, the drugstore chain is among the biggest full-time employers of the island.
"We have faith in Puerto Rico and in its economic future. Walgreens is strongly committed to Puerto Rico, to its growing economy, and to the health of its residents," Bernauer said.