NUC University moves forward with FL expansion
December 29, 2021
All seven Florida Technical College (FTC) campuses located in the southern state of Florida will now operate under NUC University, the college announced. With this last step, the institution will have unified all its education units and will complete the launch of its rebranding that started early 2020 in Puerto Rico. FTC offers 19 academic […]
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Puerto Rico hosts among top rated on Airbnb platform
December 28, 2021
The Airbnb short-term rental platform confirmed that two hosts in Puerto Rico stood out among the list of hosts who in 2021, during the COVID-19 pandemic innovated and provided better hospitality and boosted safety and hygiene protocols to guarantee comfort and well-being for their guests. Airbnb took on the task of finding the most prominent […]
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Op-Ed: US vs. Puerto Rico banks, who wins?
December 28, 2021
The Oracle of Ohama Warren Buffet cleverly stated some words that will live forever “Despite some severe interruptions, our country’s economic progress has been breathtaking. Our unwavering conclusion: “Never bet against America.” This statement was part of Berkshire Hathaway’s annual report letter written by Mr. Buffet that has become a yearly event. With the mantra […]
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MCS distributes $12M in performance bonuses to pharmacies, hospitals
December 28, 2021
MCS, through its MCS Conexión de Salud program, recently awarded more than $12 million in performance bonuses, distributed among pharmacies and hospitals in its provider network recognized for their “outstanding” performance related to the health and well-being of the patients they serve. “Despite the challenges the healthcare community has faced during the pandemic, the hospitals […]
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PREPA, MMM partner to offer more health benefits to employees, retirees
December 28, 2021
The Puerto Rico Electric Power Authority (PREPA) has selected health insurer MMM as its new provider, effective Jan. 1, 2022, the companies announced. MMM will offer services in partnership with First Medical, which represents “an unprecedented agreement” that will allow the public corporation’s retirees and employees to benefit from integrated medical care with innovative benefits. […]
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Fusionworks gets North American ‘Partner of the Year’ award from Prophix
December 28, 2021
Puerto Rican business intelligence and technology firm Fusionworks won the North American “Partner of the Year” award from Prophix, a corporate performance management (CPM) software developer that provides solutions for the consolidation of financial processes. Ahead of its 20th anniversary, Fusionworks was selected from hundreds of firms in North America, it confirmed. “As 2021 is […]
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Braemar Hotels & Resorts Inc. enters agreement to buy Dorado Beach Ritz for $187M
December 27, 2021
Braemar Hotels & Resorts, a real estate investment trust (REIT) focused on investing in luxury hotels and resorts, announced it has entered into a definitive agreement to acquire the 96-room Dorado Beach, a Ritz-Carlton Reserve in Dorado, for $186.6 million. The purchase price represents $1.7 million per key, including 14 luxury residences adjacent to the hotel […]
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Reconstruction investments should push Puerto Rico’s economy to 2.0% growth in ’22
December 27, 2021
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 […]
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ChangeMaker Foundation: Promoting social entrepreneurship through data culture
December 27, 2021
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, […]
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Goldman Sachs entrepreneurial program graduates Puerto Rican execs
December 27, 2021
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 […]
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Commercial Equipment Finance closes $90.9M financing transaction
December 27, 2021
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, […]
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Op-Ed: Omicron, another leadership opportunity for tourism/entertainment sectors
December 23, 2021
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 […]
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Don’t give your personal information this Christmas
December 23, 2021
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 […]
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Althea + Hub Advanced Networks commit to Puerto Rico 5G Zone initiative
December 23, 2021
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, […]
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USDA opens call for program that offers up to $2M for job-creating projects
December 23, 2021
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 […]
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