June 24, 2019
SJ Marriott Resort and Stellaris Casino to invest $80M to renovate 404 rooms
June 24, 2019
AON highlights value of intangible assets in companies
June 21, 2019
Aurora Angel Network invests in Guilty, a local fashion tech startup
June 21, 2019
Vireo Health to open 6 medicinal cannabis clinics in PR, cultivation and processing facility
June 21, 2019
Rosselló signs law to establish public policy for ‘sharing economy’
ECONOMY
P.R. housing market on the mend after Hurricane María
Puerto Rico’s housing market improved between 2017 and 2018, after recovering from the impact of Hurricane María, showing a 78% increase in new homes sale and an 17% increase in previously owned homes, a study by the Estudios Técnicos research firm showed. However, despite the current improvement, Puerto Rico’s housing market will have to create strategies to face major challenges in the future in an economy and job market smaller relative to 2006, and the continued population decline, according to the findings of the report presented by Estudios Técnicos President Graham Castillo d
TOURISM
AUTO
New car sales skid 3.1% in May, as demand for vehicles drops
New car sales in Puerto Rico reflected a drop in May, when a total of 8,865 units were sold, representing a 3.1% drop in comparison to the 9,152 units sold during the same month last year. Statist
P.R.’s new car sales come to a halt in April with a 9.3% Y-O-Y drop
The United Automobile Importers Group (known as GUIA for its initials in Spanish) reported a 9.3% drop in sales during April 2019, when compared to the same month last year. The organization that
P.R.’s new car sales up 13.1% year-over-year in February
Puerto Rico’s new car sales reflected a 13.2 percent year-over-year increase in February, the United Automobile Importers Group revealed. The group known as GUIA for its initials in Spanish, rep
ENVIRONMENT
The U.S. Environmental Protection Agency selected 149 communities across the country including the Municipality of Naranjito to receive funding for brownfield site revitalization to help local governments redevelop vacant and unused properties, transforming communities and local economies. The mountain town will receive a $300,000 Brownfields Assessment Grant to assess sites for hazardous substances and petroleum contamination. Grant funds will also be used to prepare cleanup plans, update and prioritize a brownfield inventory, and conduct community involvement activities. The target areas for this grant are the PR5/152 Co
