Economy
The economy of Aguada was mostly based on the processing of sugarcane. The Central Coloso, located in the Guanábano ward of Aguada, was one of the most important refineries in the island. It was also the last one to cease operations, officially closing in 2003.
Aside of sugar mills, there was also a cattle and wood industry established. As of 2012, the economy relies mostly on small businesses and manufacturing.
Late in 2014, the government announced a $172 million deal with private investors to restart sugar production in Puerto Rico for the purpose of supplying the rum producers of the Island with up to 56% of their need for molasses. The plan involved building a new processing plant on the grounds of the old Coloso Sugar Cane factory in Aguada.
Population
In 2010, the population of Aguada was 41,959, which represented a small decrease from the 42,042 registered in the 2000 Census.This has been the first decrease in population in the last century. Aguada's population had been increasing steadily from 14,670 in 1930 to its current population.
According to the 2010 Census, 86.6% of the population identifies themselves as White, and 5.3% as Black. Also, according to the census, the population is equally divided by gender (49.1% are males, while 50.1% are females). Finally, 23.7% of the population is under 18 years old. The next biggest percentage of population (20.8%) is between 35 to 49 years old.businesses and manufacturing.
Late in 2014, the government announced a $172 million deal with private investors to restart sugar production in Puerto Rico for the purpose of supplying the rum producers of the Island with up to 56% of their need for molasses. The plan involved building a new processing plant on the grounds of the old Coloso Sugar Cane factory in Aguada.
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