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FY2012 Puerto Rico
Financial Proposal Helps Pandora Open New Location in Puerto Rico
Pandora Jewelry, an international jewelry chain, sought to expand their business into a new location in Puerto Rico's largest shopping mall. Securing capital for such a venture in the midst of economic uncertainty proved challenging, so Pandora turned to the Puerto Rico MBDA Business Center. After evaluating Pandora's business objectives, the MBDA developed a finance proposal and strategy that convinced the state-run Economic Development Bank to fund the project for $0.5 million.
In the first six months of operation, the store met its 12-month revenue goal and currently reports revenues in excess of $20 million.
|MBDA CLIENT ASSISTANCE BY SECTOR|
|||Private Sector||Federal Government||State Government||Local Government||Not Disclosed||Total|
|Dollar Value of Contracts||$3,417,583||$37,737,000||$107,169,258||$1,036,900||–||$152,219,832|
|Dollar Value of Capital||136,325,471||–||186,975||–||–||$136,512,446|
|Number of Contracts||6||1||28||9||–||44|
|Number of Capital Transactions||43||–||1||–||–||44|
|MBDA CLIENT ASSISTANCE BY INDUSTRY|
|Number of Transactions||Value of Transactions|