Business View Caribbean July 2023

27 BUSINESS VIEW CARIBBEAN VOLUME 10, ISSUE 7 A Future Forged in Resilience and Diversification As the second half of the fiscal year unfolds, Villavicencio shares a vision for his company that’s as ambitious as it is transformative. He reveals that the primary focus moving forward into 2024 is diversification into real estate, spurred by the numerous opportunities emerging in Puerto Rico thanks to federal programs for reconstruction and development. “Our company is going through an interesting process; we’re starting to diversify into real estate... We’re moving into work for the local government through federally funded housing and school construction and reconstruction programs,” Villavicencio details, citing the significant impact of the Covid pandemic and Hurricane Maria on the local school system. This new venture isn’t just about dipping their toes in the real estate market but more about incorporating an entirely new dimension to their operations. “We have an affiliate company in the real estate INTEGRATED CONSTRUCT ION SERVICES ( ICS) 50 providing insurance services to Puerto Rico YEARS We are proud of being part of the successful history of Integrated Construction Services, LLC and to have been there from the beginning. MELVIN RAMOS BIAGGI, INC.