After a year of stabilization in the labor market and some economic sectors’ recovery following the dislocation caused by the COVID-19 pandemic, it is possible to expect a moderate economic growth of 2.0% by the end of fiscal year 2022, according to economic analysis firm Estudios Técnicos Inc. “The favorable performance of the Puerto Rico […]
This month, the Pivot Accelerator completed its second training cohort for social entrepreneurs focused on data culture and digital communications. This cohort sought to strengthen leadership in nonprofits and social enterprises in the art and culture sector. The Pivot Accelerator is the ChangeMaker Foundation’s main initiative. It aims to increase inclusive leadership capabilities in communications, […]
At a ceremony held at the Goldman Sachs headquarters in New York, Yari Rivas, co-founder of Alterna Communications, celebrated her graduation from the Goldman Sachs 10,000 Businesses 2021 National Cohort program in partnership with Babson College, ranked as the best entrepreneurial university in the United States. “This program has helped me strengthen the tools and […]
Commercial Equipment Finance Inc. (CEFI), an independent commercial equipment finance company headquartered in Puerto Rico, recently closed a $90.9 million asset-backed security (ABS) transaction. The proceeds will be used to pay down existing warehouse lines and for general corporate purposes. This transaction represents CEFI’s inaugural securitization. The deal includes four classes of equipment contract-backed notes, […]
As expected, Omicron is here and spreading fast and painfully, like the sounds of the “voceteo” vehicles traveling at high speed through our communities after midnight. Following various concerts, the positivity rate grew by almost five-fold in just 10 days. Our medical community is quite concerned, and we all should be. In addition to the […]
SPONSORED POST ‘Tis the time for sharing… but not your personal information. Many scammers take advantage of this time of festivities and distractions to steal. Here are some tips for enjoying a safe Christmas and preventing being a victim of fraud. Keep in mind that if the Bank contacts you, it will never ask you […]
Oregon-based Althea announced a new partnership with 5G zone contributor Hub Advanced Networks to build and expand new broadband networks and support telecom innovation as part of the Puerto Rico 5G Zone & Blockchain Ignition Lab initiative. The PR5G Zone & Blockchain Ignition Lab is a new, nonprofit, Advanced Innovation Development and Test Lab creating opportunities for individuals, products, […]
The US Department of Agriculture announced it is accepting grant applications that will advance equity in rural America by creating new opportunities in distressed communities. The Rural Innovation Stronger Economy (RISE) grant program encourages a regional, innovation-driven approach to economic development by funding job accelerator partnerships in low-income rural communities. This includes communities that have […]
Online market PRoduce and delivery service Uva! have partnered to offer PRoduce purchase deliveries on-demand in the metropolitan area. This alliance between the two Puerto Rican startups seeks to offer greater convenience to consumers in the San Juan metropolitan area so that they can buy online and get their purchase delivered in less than an […]
T-Mobile and Engine-4 announced a collaborative partnership with the Caribbean Girl Scouts Council in Puerto Rico to equip the new generation with the technological know-how for a stronger and more resilient future. Participants will take STEM (Science, Technology, Engineering and Math) workshops, offered by the team of experts from Engine-4 and Niusx, at the T-Mobile […]
New Fortress Energy recently awarded scholarships to 20 engineering students from the Polytechnic University of Puerto Rico to help them continue their educational journey, the company stated. The recipients of the 2021 NFE emPOWER Puerto Rico Scholarship are: Angel Guanill Medina, Anthony Encarnación Torres, Carlos Nieves Matos, Elisamuel Sosa Cintrón, Fabián García Romero, Fernando La […]
The Puerto Rico Small Business and Technology Development Centers (SBTDC) of the InterAmerican University of Puerto Rico and the US Small Business Administration announced the launch of the PRidea program to boost the number of local inventors who can prepare effective proposals for federal funds that subsidize their ideas. The initiative seeks to train, advise, […]
Banesco USA announced has been approved to participate in the U.S. Department of the Treasury’s Emergency Capital Investment Program (ECIP), for which it is eligible to receive an investment of up to $237.5 million. With the funds it will be able to increase lending to small and minority-owned businesses, and low- and moderate-income consumers in […]
The dream of homeownership became a reality for 12 families with the help of Habitat for Humanity of Puerto Rico, which delivered apartments worth a combined $1.9 million in Santurce. The investment was financed through a $50 million donation from biopharmaceutical company AbbVie. The project located on Ponce de León Ave. included the acquisition, rehabilitation, […]
Following five weeks of open calls and an extensive and competitive evaluation process, parallel18, an organization that belongs to the Puerto Rico Science, Technology and Research Trust, selected 28 Puerto Rican companies that will participate on the fourth generation of the local pre-acceleration program pre18, starting Jan. 24, 2022. With the slogan “Sácala del parque” […]
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