The Punta Borinquen Resort has reopened in Aguadilla after substantial renovation of the facilities, through an investment of $8.6 million, hotel officials confirmed. The inn is located on the grounds of the former Ramey Base just minutes from the Rafael Hernández International Airport and its operation generates nearly 200 direct jobs in the western region. […]
To raise awareness and put a spotlight on the impact that cyber-crimes have on the daily operations of a company, the Puerto Rico Society of CPAs (CPAs) recently hosted the 10th edition of its cyberforum focusing on having a cyber security culture. “Facing the new year 2022, we must strengthen cybersecurity knowledge and strategies in […]
The U.S. Small Business Administration Puerto Rico & US Virgin Islands District graduated 29 companies from its Emerging Leaders program for Puerto Rico entrepreneurs, completing the fifth cycle of the mini-MBA training series. Virtual cohorts were offered to entrepreneurs across the island, with virtual cohorts based in San Juan and, for the second time, Ponce. […]
San Juan Mayor Miguel Romero unveiled a lofty agenda to develop and revitalize the city’s infrastructure, investing $210 million over the next 36 months. The works will be developed through grants obtained from the Federal Transit Administration, the Federal Emergency Management Agency (FEMA), CDBG-DR funds under the City Revitalization program, as well as local funds, […]
The Puerto Rico Labor Department announced the transfer of 19 mobile kiosks to the same number of municipalities in Puerto Rico’s southern, eastern, and western flanks to boost self-employment and economic activity, agency Secretary Carlos Rivera confirmed. The “Pa’ mi Gente” program was created in 2010 and ran through December 2016 under the Labor Department. […]
Triple-S stockholders approved the merger with GuideWell Mutual Holding Corporation, a health solutions company and parent of Blue Cross and Blue Shield of Florida, Triple-S Management Corp. announced. The approval comes nearly four months after the companies announced the deal through which GuideWell will acquire all the outstanding shares of Triple-S Management common stock for […]
In a letter to the Puerto Rico Legislature, Tom Sanzillo, director of Financial Analysis at the Institute for Energy Economics and Financial Analysis (IEEFA), urged the House and Senate to reevaluate the ongoing bidding process to privatize operations of the island’s power plants. “We have observed the flaws in the privatization processes of LUMA Energy and […]
The Puerto Rican banking industry has continued to strengthen over the past year, supported by an increase in liquidity and the strengthening of asset quality. The Financial Stability Index for Commercial Banks in Puerto Rico, prepared by Estudios Técnicos, Inc., increased to 0.60 in the third quarter of 2021, compared to 0.47 in the same […]
The video series “Sounds like Puerto Rico” received three nods during the 45th Annual Suncoast Regional Emmy Awards, held over the weekend. The videos produced by Discover Puerto Rico, the island’s Destination Marketing Organization (DMO), were distinguished as best magazine series, cinematography, and editing. “Sounds like Puerto Rico” was nominated in five categories, including best […]
National housing and urban renewal developer, McCormack Baron Salazar, and the Puerto Rico Department of Housing welcomed a group of leaders, including the Governor of Puerto Rico, community members, and the media to the grand opening of the new mixed-income apartment community, Emerald Vista. With an investment of about $135 million and the first multifamily […]
During the past two months, we have heard expressions from a small group of voices criticizing the Convention District, Discover Puerto Rico (DMO), and the government of Puerto Rico, for investing in the Dick Clark’s New Year’s Rockin’ Eve event, one of the most watched events in the United States. While we support that the use of all […]
Starting today, Puerto Rico-based small and mid-sized businesses will be able to request an incentive for up to $25,000 to install green energy systems through the Department of Economic Development and Commerce’s (DDEC, in Spanish) Apoyo Energético website. The registry closed on Dec. 10 with more than 70 SMEs signing up to provide services to […]
Restaurants in the Distrito T-Mobile have curated a series of dining experiences as part of the Dick Clark’s New Year’s Rockin’ Eve with Ryan Seacrest 2022 celebration in Puerto Rico. This year, Puerto Rico becomes the first destination with a Spanish-language countdown for the festivities that will feature Daddy Yankee as the main act and […]
P18, the international acceleration program of parallel18, culminated its ninth generation with the celebration of the achievements of 33 companies in its DemoDay event at the Raúl Juliá theater at the Puerto Rico Museum of Art. Following more than 20 months of virtual events, the program from the Puerto Rico Science, Technology, and Research Trust […]
The Federal Emergency Management Agency (FEMA) allocated more than $7.2 million to the Puerto Rico Aqueduct and Sewer Authority (PRASA) for repairs to wastewater treatment and water pumping facilities in Humacao and Las Piedras. These projects ensure critical services for more than 55,000 residents of Humacao, Las Piedras and Naguabo, the agency stated. The funds […]
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