NY Fed releasing survey on P.R. small biz performance
November 8, 2016
The Federal Reserve Bank of New York will release findings of the “Puerto Rico Small Business Survey,” a pilot study that focuses on the business performance, financing needs and borrowing experiences of firms across the island.
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R&D investments slip by 1.3% in Fiscal ’15 to $443M
November 7, 2016
A study released by the Puerto Rico Statistics Institute showed that Research & Development investments during Fiscal 2015 were $443.3 million, or to 0.43 percent of the island’s GDP. This represents a slight 1.3 percent drop compared to Fiscal 2013.
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Telecom Board: P.R.’s internet adoption rate on the rise
November 7, 2016
Puerto Rico’s internet adoption rate continues increasing, reaching 81.6 percent during the first quarter of 2016, Telecommunications Regulatory Board President Javier Rúa-Jovet said, citing statistics published by Akamai Technologies.
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17 co’s pass SBA’s ’16 ‘Emerging Leaders’ training series
November 7, 2016
The U. S. Small Business Administration Puerto Rico and U.S. Virgin Islands district office recently graduated 17 companies from the second “Emerging Leaders” training series delivered in Puerto Rico.
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8 P.R. agricultural producers split $1.6M from USDA
November 7, 2016
The U.S. Department of Agriculture has granted nearly $1.6 million to eight agricultural producers in Puerto Rico to help them enter into value added activities related to the processing and/or marketing, generating new products, creating and expanding marketing opportunities and increasing producer income.
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Triple-S Management Corp. loses $1.9M in 3Q16
November 4, 2016
Puerto Rican managed care company Triple-S Management Corporation announced Thursday consolidated revenues of $744.7 million and a net loss of $1.9 million, or $(0.08) per diluted share, versus net income of $4.2 million, or $0.16 per diluted share a year ago.
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2 Popeyes restaurants to open at LMM Int’l Airport
November 4, 2016
Management Group Investors and Popeyes Louisiana Kitchen Inc. have signed an agreement to open the first two restaurants at the Luis Muñoz Marín International Airport, through a $1.6 million investment.
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Ford grants $40K to 7 environmental organizations
November 4, 2016
Seven organizations focused on environmental conservation will split $40,000 in grant funding from the most recent round of funding provided by Ford in Puerto Rico as a part of Ford Motor Company's Conservation & Environmental Program.
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Rock Solid, GTEC join forces to expand to Dom. Republic
November 3, 2016
Rock Solid Technologies Inc., a Puerto Rican firm specializing in technology development and services in Latin America and the United States, announced Wednesday it recently signed a strategic alliance with Dominican firm Gestión Tecnológica (GTEC) to establish operations in the neighboring island nation.
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Owners of Budatai restaurant file for Ch. 11 bankruptcy
November 3, 2016
The owners of Asian fusion restaurant Budatai, headed by renown Chef Roberto Treviño, have filed for Chapter 11 bankruptcy protection, citing more than $400,000 in debt, according to the documents on record at the U.S. Bankruptcy Court.
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Oriental boosts presence among young people, women
November 3, 2016
Oriental Bank has implemented a number of strategies to expand its customer base and increase its market share of young people and women, achieving sustained growth for the past 18 months, company officials said Wednesday.
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Red Cat Propware opens HQs in Humacao, is hiring
November 3, 2016
Red Cat Propware, a provider of software and services for the drone industry, today announced its official launch and headquarters opening in Humacao, company CEO Jeff Thompson confirmed Wednesday.
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Study: ‘Gen Z’ aspires to be educated, self-employed
November 2, 2016
Puerto Rico’s “Generation Z,” those born after 1995, aspire to earn a college degree, be self-employed, and favor quality of life and experiences over money.
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Hudson Technologies sets up $1M facilities in Cataño
November 2, 2016
Hudson Technologies, a provider of solutions to recurring problems within the refrigeration industry, has incorporated Puerto Rico in its strategic plans by setting up Caribbean facilities in Cataño.
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Plastic bags will take months to disappear after ban
October 31, 2016
The ban on disposable plastic shopping bag kicks in Dec. 30, but though Puerto Rico’s retailers have had a year to prepare, don’t expect them all to give up plastic right away.
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