Broadband provider AeroNet spends $4M on spectrum
October 15, 2012
Broadband service provider Aeronet has entered into a long-term lease agreement with AT&T de Puerto Rico and Sprint for wireless broadband spectrum with islandwide coverage.
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Op-Ed: A world of export opportunities awaits small business
October 15, 2012
With almost 95 percent of world consumers outside America's borders, exporting is an important way for small business to scale up and create the jobs that America needs now. Now, more than ever before, small business owners can access these overseas markets with the click of a button thanks to globalization, Internet communications and export finance programs made more simple and easy to use by the Obama Administration.
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AT&T donates $100K to P.E.C.E.S for alternative schooling
October 15, 2012
AT&T de Puerto Rico recently donated $100,000 to the Community Education Delivery and Service Program (known as P.E.C.E.S. Inc. for its initials in Spanish) to help it strengthen social and educational services offered through its accredited alternative school.
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T-Mobile investing $7M to expand sales network, redesign stores
October 12, 2012
Wireless service provider T-Mobile announced Thursday an ambitious plan to expand its islandwide sales network and redesign its Puerto Rico stores and service centers based on a customer-centric vision, all to the tune of $7 million.
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Dorado Beach, Ritz-Carlton Reserve taking reservations
October 12, 2012
Two months ahead of its scheduled grand opening, the Dorado Beach, a Ritz-Carlton Reserve announced this week it has begun accepting reservations to stay at what will be Puerto Rico's most lavish hotel property.
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Ford opens Puerto Rico’s 1st Quick Lane store
October 12, 2012
Ford Motor Company announced Thursday the opening of its first Quick Lane Tire & Auto Center business in Puerto Rico, located at the Caguas Expressway dealer.
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El Mesón Sandwiches lends coffee industry a hand
October 12, 2012
During the month of October, El Meson Sandwiches is celebrating “Manos al Cafetal” (“A Hand to the Coffee Farms”), an initiative to raise awareness about the lack of workers available to harvest Puerto Rico’s coffee crops.
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15 EnterPRize competition semifinalists announced
October 11, 2012
Grupo Guayacán, a Puerto Rican nonprofit venture capital firm, announced Wednesday the selection of the top 15 business proposals submitted in this year’s EnterPRize Business Plan competition.
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Op-Ed: Is the recession ending or is it over?
October 11, 2012
During the past 12 months, Puerto Rico’s economic activity has gained ground, as the recession is no longer deepening. This scenario is in addition to the appearance of the first signs of an early recovery stage — albeit moderate — and seeing the first pieces of evidence indicating that the recession is over.
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Puerto Rico carving out medical tourism niche
October 10, 2012
With an economy still struggling and health costs soaring, many United States residents are opting to seek quality medical care at lower prices, and this is a niche that has enormous potential for Puerto Rico, as the island offers high quality healthcare at 40 percent to 60 percent less than the U.S.
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Puerto Rico gov’t would ground airport P3 if FAA rejects
October 10, 2012
Puerto Rico Public Private Alliance Authority Executive Director David Álvarez acknowledged Tuesday that if the Federal Aviation Administration fails to give its go-ahead to the Luis Muñoz Marín International Airport P3, the government would not pursue another such deal.
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SBA supports record $30.2B in loans in Fiscal ’12
October 10, 2012
With loan volume steadily increasing for the past six quarters, the U.S. Small Business Administration’s loan programs posted the second largest dollar volume ever in Fiscal 2012, supporting $30.25 billion in loans to small businesses, the agency informed Tuesday.
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Claro Chief: Puerto Rico market still ripe for growth
October 9, 2012
Four years after taking over the reins of Puerto Rico Telephone, the island’s largest telecommunications provider, company President Enrique Ortiz de Montellano believes there’s still a lot of work ahead to spur the growth of landline, wireless and paid television markets.
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AES Ilumina powers up Guayama solar energy farm
October 9, 2012
One year after announcing the start of construction of Puerto Rico’s largest solar farm in Guayama, AES Ilumina, LLC and government officials witnessed Monday the start of operations of the $96 million clean energy production project that will sell all of its output to the Puerto Rico Electric Power Authority under a 20-year power purchase agreement.
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Op-Ed: Supply chain-driven development
October 9, 2012
One of the many consequences of globalization, and of the technological change that to a significant extent made it possible, is that the meaning of terms used in economic development has changed.
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