San Juan-based Hallo, one of the Top 100 startup finalists that competed in the recent 9th Annual Startup of the Year Summit in the innovation hub of Tampa, FL, took the “People’s Choice Award” for Puerto Rico. The awards ceremony took place Jan. 27th during the three-day event sponsored by Established with sponsors such as, […]
“Juego Empresarial,” an event recently sponsored by the PROEL Connect firm, drew more than 100 people representing 84 businesses in the central town of Aibonito. The event included virtual and in-person activities and was attended by 23 experts, who spoke about the dimensions of the modern entrepreneur and the strategies of successful entrepreneurship, PROEL Connect […]
The US Army Corps of Engineers and the Puerto Rico Ports Authority will begin laying the groundwork later this year for improved maritime infrastructure at the San Juan Harbor that will eventually help lower energy costs and better the area’s environmental quality. In an interview with News is my Business, Ports Authority Executive Director Joel […]
In Puerto Rico, 2022 is a promising year for national consumer goods, including well-known brands as well as recently launched ones. Six companies offer a variety of high-quality products worth looking at. 1. Viande FoodsViande Foods LLC focuses on consumers’ health and wellbeing by making locally inspired products, rich in nutrients and flavor. The company […]
The $8.26 billion in debt claimed by the Puerto Rico Electric Power Authority (PREPA) bondholders should not be borne by island ratepayers and small investors, IEEFA Director of Financial Analysis Tom Sanzillo said in testimony to the island’s legislature. Instead, Sanzillo told the Puerto Rico Senate Permanent Commission on Strategic Projects and Energy that reducing […]
Pacífico Group Inc., a company dedicated to providing management and technology solutions to government and companies, recently announced the expansion of its services to the US mainland, after partnering with several companies to execute projects in Louisiana. The Puerto Rican firm will be investing $1.2 million, through the Pacific Public Consulting Division, in this new […]
The Puerto Rico Solar Energy Companies Accelerator (AEESPR, in Spanish), part of the Interstate Renewable Energy Council (IREC), will develop a 75KW energy microgrid through the installation of photovoltaic panels that will be placed on the roofs of several establishments in the urban center of the town of Maricao. This project will benefit several facilities, […]
The town of Toa Baja recently received a low interest Community Facility Direct loan of nearly $3.4 million to finance the acquisition of emergency response vehicles and equipment, Luis R. García, acting state director for USDA Rural Development in Puerto Rico announced. The funding is part of a $1 billion investment that the federal agency […]
Popular Inc., parent company of Banco Popular de Puerto Rico, reported net income of $206.1 million for the fourth quarter ended Dec. 31, 2021, compared to net income of $176.3 million in the same period in 2020. The financial institution also reported net income of $934.9 million for the year 2021, compared to net income […]
Travel platform Expedia Group released its Expedia 2022 Travel Trends Report that showed, among other things that during the first 15 days of 2022, the market in Puerto Rico has shown growth in several areas. The overall search interest to travel to Puerto Rico is picking up with a +20% growth when compared to 2020, […]
As part of its 50th anniversary celebration, San Juan-based advertising agency Lopito, Ileana & Howie, announced the appointment of its new general manager, experienced publicist Alexandra “Alexa” Caraballo, who has also been a partner since 2018. The veteran publicist assumes her new executive role to which she brings more than 25 years of experience working […]
INprende recently launched a new skills program called Indispensable, which seeks to empower the work teams of companies with skills aligned with the needs of the labor market. The program will consist of 12 hours of training in virtual mode and will include the participation of experts in the development of human capital. The educational […]
The Susan G. Komen Puerto Rico Aid Program announced that $196,000 was awarded for the 2022 grant cycle to finance 17 programs in the categories of screening and diagnosis, active treatment, and cancer support programs. Selected nonprofit organizations serve communities with limited access to health services and will serve as spokespeople for the organization. The […]
The Fairmont El San Juan Hotel delivered a donation of $7,500 to Make-A-Wish Puerto Rico as part of its annual initiative, the “Trees of Hope” program. Over the holiday season, the hotel’s lobby was decorated with Christmas with the names and logos of the companies that contributed. “For more than 30 years, this foundation has […]
First BanCorp., parent company of First Bank, reported net income of $281 million for the year ended Dec. 31, 2021, compared to $102.3 million for the year ended Dec. 31, 2020. In an interview with News is my Business, First BanCorp. CEO Aurelio Alemán attributed the growth to the completion of the acquisition of Banco […]
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