Puerto Rico’s new car sales have taken deeper dive during pandemic vs. US
October 12, 2020
Puerto Rico’s new car market showed a deeper contraction than that of the U.S. mainland from March to May — the peak quarantine months to curb the COVID-19 pandemic — but the local market has recovered much faster since then, according to a study by Abexus Analytics. According to the firm’s research entitled “Economic Trends […]
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Economic Dev’t and Commerce grants $3.1M to textile, food manufacturers
October 12, 2020
The Department of Economic Development and Commerce announced support for seven Puerto Rico-based companies in the food and textile production sector, whose total investments are close to $3.1 million and the creation of more than 700 jobs. The agency is supporting the expansion of Productos Chebo’s, Amasar LLC, Farm City, and Productos La Finca, which […]
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‘Practical Techie:’ Effective biz snooping around is productive
October 12, 2020
Editor’s Note: This editorial column is meant to offer practical advice on technology tools that are ideal for the business community. It’s a very human trait, watching out for the competition. Whether it be in sports, politics, the love life, the neighbors, who’s top in the classroom or keeping with the latest trends. And, who’s […]
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Hurricane Hub invests $71K+ in KP4 radios for islandwide communication
October 12, 2020
The Puerto Rico Hurricane Hub announced an investment of more than $71,000 in the Bureau for Emergency and Disaster Management to buy and install KP4 radios, antennas and solar panels in the government agency’s headquarters and its 10 regions throughout the island, including Vieques and Culebra. The goal of this initiative is to keep Puerto […]
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Head of Puerto Rico Rural Dev’t, Rivera, wins Theodore Roosevelt Leadership award
October 12, 2020
Josué Rivera, state director of the U.S. Department of Agriculture’s Rural Development office in Puerto Rico, has been awarded the 2020 Theodore Roosevelt Leadership award from the Government Executive Media Group. The entity is a provider of news for federal government managers, which held its second annual Theodore Roosevelt Government Leadership Awards as a three-day virtual event. This […]
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DDEC announces last phase of 4th edition of Robot Makers
October 12, 2020
The Robot Makers initiative entered its final phase with the participation of 250 students from middle schools, high schools and universities, Department of Economic Development and Commerce Secretary Manuel Laboy announced. “In the past three years, more than 1,300 students have participated in the Robot Makers initiative, carried out by the Department of Economic Development […]
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Puerto Rico Tourism Co. unveils strategy to boost stays at ‘paradores’
October 10, 2020
The Puerto Rico Tourism Co. unveiled a marketing plan with offers and precise tools to encourage occupancy across the island’s “paradores,” or small inns, and which seeks to complement the efforts to promote local tourism through the “Check Into Your Island” campaign. The $95,000 effort looks to support the small hotels by providing them “with the tools they […]
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Tourism, private sector execs unveil the Puerto Rico Tourism Business Council
October 9, 2020
Looking to promote the enactment of healthy public policy that benefits the island’s tourism industry and achieves a positive multiplier effect, business leaders, employment generators, and local capital investors from several sectors of the tourism industry have come together to create the Puerto Rico Tourism Business Council. Among its immediate priorities and in its commitment […]
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Puerto Rican Endeavor Entrepreneur featured in ‘Think Big’ LatAm podcast
October 9, 2020
Puerto Rican Endeavor Entrepreneur Carlos García, co-founder and CEO of the Andiago! company, is one of nine featured entrepreneurs in the Endevor-produced Think Big podcast that seeks to inspire entrepreneurs to find their purpose, transform industries, impact humanity and change the world. Hosted by Mexican media and business consultant Genaro Mejía, Think Big explores the […]
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Airbnb has collected, paid $16.8M+ in occupancy tax in Puerto Rico in 3 years
October 8, 2020
Short-term rental platform Airbnb announced that from Aug. 1, 2017 to Aug. 31, 2020 it has collected a total of $16.8 million from the 7% hotel room occupancy tax and remitted the money to the Puerto Rico government. In 2017, Airbnb established an agreement with the Puerto Rico Tourism Co. to formalize short-term rentals and […]
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FEMA assigns nearly $49M for University of Puerto Rico upgrades
October 8, 2020
During September, the Federal Emergency Management Agency approved $48.7 million in additional federal grants for 12 projects to repair several campuses of the University of Puerto Rico, the agency confirmed. “More than a contribution to strengthen the infrastructure of the UPR, this investment will help future generations benefit from resilient facilities within the Island’s public university system. It is […]
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USDA assigns $1.9M for distance learning, telemedicine projects in Puerto Rico
October 8, 2020
Puerto Rico has been awarded nearly $1.9 million for two projects — the Puerto Rico Science, Technology and Research Trust and the Migrant Health Center Western Region Inc. — that will provide enhanced access to telemedicine and online education to rural communities. The funding comes from the U.S. Department of Agriculture’s Distance Learning and Telemedicine (DLT) […]
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Cidrines pastry and bread manufacturer invests $3M to boost exports
October 8, 2020
Cidrines, a Puerto Rican company founded in 1978 known for its sweet ‘sobao’ bread and pastries, is investing $3 million to expand its manufacturing plant in the Zeno Gandía industrial park in Arecibo to increase its exports, company and government officials announced. The investment will cover the hiring of 50 employees over the next 36 […]
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Boston Scientific launches program to support Puerto Rico’s entrepreneurs
October 8, 2020
Boston Scientific has partnered with The Growth Coach Puerto Rico to create a program to support local entrepreneurs called the Strategic Business Owner Program that seeks to give entrepreneurs the chance to learn and implement strategies to expand their businesses. Furthermore, the program seeks to help participants gain access to tools “to optimize their companies, […]
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EXIM Bank brainstorms with local officials to boost Puerto Rico exports
October 8, 2020
U.S. Export-Import Bank (EXIM) Chairman Kimberly A. Reed met with a delegation from Puerto Rico to discuss how the entity can help more Puerto Rican businesses export their “Made in the USA” products around the world. Economic Development and Commerce Secretary Manuel Laboy headed the local delegation that included Puerto Rico Ports Authority Executive Director […]
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