The Economic Development Bank for Puerto Rico announced that effective immediately, it will begin offering new loans capped at $50,000 aimed exclusively at helping small and medium businesses effectively prepare for emergencies such as hurricanes and avoid subsequent interruption in business operations.
GSRX Industries Inc., through its wholly-owned subsidiary, Andalucia LLC, announced that it has acquired two properties in San Juan.
The Puerto Rico Economists Association urged the implementation of at least five measures at the federal level that they consider essential to successfully overcome the island’s current economic crisis and spur economic growth in the long term.
inverSOL, a new company dedicated to the design, production and sale of portable solar generators for the residential market, announced it will invest $4 million in Puerto Rico to establish a new assembly plant featuring a showroom and sales area.
Maximo Solar Industries will invest $1.5 million in equipment and infrastructure for the assembly of battery cabinets and solar panels structures at its Humacao manufacturing operation, company CEO Máximo Torres confirmed.
With the goal of supporting the launching of a family business, FirstBank has granted Samuel Rodríguez a $782,793 loan for purchasing and making improvements to the new Casa Wilson, an inn located in Condado.
Information is the newest and most valuable asset of an organization, in addition to talent. Public and private companies embrace this through real-time-data that allows them to learn the immediate status of its operation, take corrective actions (if necessary) and act proactively to become more efficient.
Bella Group, a Puerto Rican company dedicated to the distribution and sale of automobiles, announced new managerial appointments in several of its divisions.
A month after the government launched the CESCO mobile application, it has gained about 125,000 subscribers who have completed transactions equal to some 59,000 hours of standing in line and 2,445 days at government agencies.
Plaza Internacional, the owners of The Mall of San Juan, have filed a lawsuit against BRIO Hospitality P.R. Inc. — the local franchisees of the now closed BRIO Tuscan Grille — seeking to collect nearly $2.2 million, this media outlet learned.
First BanCorp., the bank holding company for FirstBank Puerto Rico, reported net income of $31.0 million for the second quarter of 2018, or $0.14 per diluted share, compared to $33.1 million, or $0.15 per diluted share, for the first quarter of 2018 and $28.0 million, or $0.13 per diluted share, for the second quarter of […]
The Puerto Rico Community Foundation (FCPR, for its initials in Spanish) bestowed $95,000 in recovery donations to 140 students from public and private universities, thanks to a contribution from the Hispanic Federation to establish the Hispanic Federation Puerto Rico Recovery and Hurricane Relief Fund, administered by the FCPR.
With more than 4,000 driver partners and 175,000 users, Uber is marking its second anniversary in Puerto Rico. The platform began operations on the island in July 2016, transforming the way Puerto Ricans and visitors move around.
TOTE Maritime Puerto Rico continues to make substantial investments in equipment to meet the needs of its customers as well as Puerto Rico as the island continues with recovery efforts following last year’s hurricane season.
In a vote of confidence for its innovative projects that are helping to stimulate Puerto Rico’s economic rebound following the devastation of Hurricane María, the U.S. Chamber of Commerce Foundation selected Foundation for Puerto Rico President Annie Mayol to address the 7th Annual Building Resilience through Private-Public Partnerships Conference held in Washington, D.C. this week.
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