The island’s coffee industry valued at $100 million before the hurricane, suffered a destruction of nearly 20 million coffee plantations, resulting in $18 million in damages.
With an “undeniable economic strength and major expansion projects” underway, as well as as diversification of its business lines, Co-op Manatí credit union will mark its 70th anniversary in October.
Luxury small cruise ship companies SeaDream Yacht Club and Windstar Cruises will make scheduled stops in Vieques and Culebra from October to March 2019.
The signing of the grant agreement now paves the way to speed recovery dollars needed to restore damaged and destroyed homes, businesses and infrastructure.
With recognition that Puerto Rico remains in need of many essentials a year after Hurricane Maria devastated the territory, Skechers USA Inc. has donated 15,000 pairs of new shoes to children on the island.
During this episode of "Dollar$ and $ense," Puerto Rico Tourism Co. Executive Director Carla Campos and Discover Puerto Rico CEO Brad Dean offer their predictions for the upcoming high season and the first half of 2019.
In its analysis of the “Balance of the Economy Post Hurricane María,” the firm stated that while the economy has rebounded, the expected real growth in Gross National Product will be temporary.
Unidos por Puerto Rico has awarded $37.9 million in funds to 193 non-governmental organizations (NGOs) to support relief and recovery efforts for hurricanes Irma and María, the entity announced.
Currently, of the $1.6 billion in annual purchases from about 300 suppliers, distributors and companies located in Puerto Rico, Walmart invests around $500 million in locally manufactured or harvested products.
The Municipality of Carolina has invested $4.1 million to open a new cell that will extend the life of the town’s landfill system for another 20 years.
The Agriculture Department and the Puerto Rico Pork Producers Cooperative unveiled a joint initiative to put local roasted pork, known as “lechón asado," back in the island’s restaurants ahead of the upcoming holiday season.
Global communications agency Burson Cohn & Wolfe unveiled its new brand identity, corporate website and suite of social media channels to reflect the merger of the two agencies.
MCS Foundation announced the start of a new fundraising campaign: “Puerto Rico. A Million Reasons to Believe."
Medical technology company Stryker Puerto Rico will invest $46 million over the next five years to expand its manufacturing capabilities at its facility in Arroyo.
Velázquez has introduced the “Access to Sufficient Capital for Everyone in Natural Disaster Areas Act of 2018,” (ASCEND Act) a bill that would extend SBA disaster loan applications for an additional year.
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