Puerto Rico retail sales down 0.3% in July
October 31, 2013
Puerto Rico’s retail sales were down 3 percent year-over-year in July — the most recent statistic available for the sector — when some $2.94 billion in activity was reported.
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7th LongHorn Steakhouse to open at Hyatt Place Manatí
October 31, 2013
Executives from the LongHorn Steakhouse chain announced Wednesday plans to open its seventh restaurant in Puerto Rico, at the Hyatt Place Manatí & Casino Atlántico, currently in its final stage of construction.
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SBA Puerto Rico signs on VegaCoop as 7(a) lender
October 31, 2013
The U.S. Small Business Administration has given authority to VegaCoop to provide financial assistance to small business owners under SBA’s 7(a) Loan Guaranty program, SBA District Director Yvette T. Collazo announced today.
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Microsoft donates Office 365 software to nonprofits
October 31, 2013
Microsoft Corp. announced this week it will be donating its Office 365 software to eligible nonprofits in 40 countries worldwide, including Puerto Rico, enabling them to have access to a range of cloud-based productivity and collaboration tools so they can spend less time in front of the computer and more time addressing their social causes.
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Redesigned Mazda3 hits Puerto Rico roads
October 31, 2013
The ompletely redesigned 2014 Mazda3 has arrived in Puerto Rico to “revolutionize the compact car segment,” Mazda de Puerto Rico General Manager Carmen Cedré said Wednesday.
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Private sector groups ask PRASA to delay new water fee
October 30, 2013
Sixteen organizations representing a cross-section of the island’s private sector warned the Puerto Rico Aqueduct and Sewer Authority that a new environmental fee currently under review will represent a blow to economic development, cause business closures, bankruptcies and the loss of thousands of jobs.
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15 Puerto Rico companies participate in Miami food show
October 30, 2013
Puerto Rico kicked up its export program a notch in October, fielding the largest government-backed delegation yet to a food industry show — 15 companies exhibiting their wares at a Miami Beach event.
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Kmart launches online layaway, store-to-home shipping in Puerto Rico
October 30, 2013
Kmart announced Tuesday that it will extend its integrated retail shopping conveniences to customers in Puerto Rico, offering more flexibility both in-store and online.
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Impactivo offers service to help navigate Obamacare
October 30, 2013
The sweeping changes brought about by the Affordable Care Act (ACA) are posing particular challenges to health care providers, insurers and employers in Puerto Rico, where there are notable variations to the applicability of the law.
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‘Practical Techie’: Gather your own business intelligence
October 30, 2013
What is the competition up to? The National Security Agency not withstanding, looking over one’s shoulder to check on the competition is always a practical procedure to help survive in the competitive world of business. Spying, it’s called.
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Pontifical Catholic University: Entrepreneurs wanted
October 30, 2013
The Pontifical Catholic University of Puerto Rico in Ponce is gearing up for its annual I.D.E.A.S. competition celebrating entrepreneurship.
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SBA: Fiscal ’13 is 3rd highest year of lending to date
October 30, 2013
The U.S Small Business Administration announced Tuesday that it has reached its third highest year of lending to date, surpassed only by two record years of supporting more than $30 billion in Fiscal 2011 and 2012.
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Moody’s: Puerto Rico facing greater odds of defaulting
October 29, 2013
Puerto Rico is facing better odds of defaulting on its debt, Moody’s Analytics said Monday, adding that fiscal problems, high unemployment rate and a shrinking population are fueling the problem.
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IMC jump-starting plans to expand in LMM, Puerto Rico
October 29, 2013
International Meal Company is jump-starting plans announced last year to make significant investments in its operations at the Luis Muñoz Marín International Airport, as well as expand its reach outside the facility with the establishment of at least three Carl’s Jr. burger restaurants, company officials confirmed Monday.
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High prospects for Puerto Rico Bath & Body Works stores
October 29, 2013
Retailer Bath & Body Works made its highly anticipated debut in Puerto Rico Monday — more than two decades after first setting up shop in Ohio — with the opening of a 4,700 square-foot store in the Plaza Las Américas mega-mall in Hato Rey.
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