With an investment of $3.2 million, the municipality of San Juan will begin the reconstruction of more than 60 sports facilities and parks in 50 communities of the Capital City, San Juan Mayor Miguel Romero said. Romero said the project’s financing will be split between a $2.4 million allocation from the Federal Emergency Management Agency’s […]
San Juan-based High-Trend International (HTI), — a firm that develops smart city and public lighting infrastructure projects “to create smarter, safer, and more sustainable cities” — along with its Brazilian joint venture High Trend Brasil (HTB), announced the closing of $165.5 million of long-term financing to fund the completion of its Rio de Janeiro Smart […]
One of the best-selling sedans of the Lexus brand arrives “redesigned, rethinking the technology and with the best combination of evocative design, stimulating performance and human-centered craftsmanship,” said Maribel Bengoa, marketing manager of Lexus in Puerto Rico. “The line of models Lexus ES 2022 provide a modernized multimedia system, new safety and performance improvements, a […]
The San Juan Marriott Resort & Stellaris Casino has reimagined its ballroom and foyer area after undergoing a $2.9 million renovation financed by development firm XLD Group. The redesign ushers in the coming season by inviting guests to discover a new hospitality experience, hotel officials said. “The new 7,000 square-foot grand ballroom will enhance the […]
Nearly 10 years after breaking ground on its solar energy operations in Puerto Rico, global independent power producer Sonnedix announced the sale of 100% of its interest in its local operation to ArcLight’s Infinigen renewables platform. The financial terms of the transaction were undisclosed. The transaction includes Sonnedix USA Ltd, Sonnedix Solar Puerto Rico, Sonnedix […]
The management of environmental risks, more than a duty, is a necessity. Many companies have made this a priority understanding that losses related to environmental pollution constitute a direct impact on the financial stability of the business. For nearly four decades. AIG has been delivering environmental insurance solutions to businesses of all sizes. At AIG, […]
A healthy group of participants took part in the first orientation session under the new mentoring program for small retailers offered jointly by the Puerto Rico College of Certified Public Accountants and the Puerto Rico Economic Development Bank. “With this agreement we ensure that participants have first-hand information from professionals with extensive experience to help […]
Professional consulting firms CMA Architects & Engineers LLC (CMA) and Estudios Técnicos Inc. (ETI) will collaborate with Puerto Rico municipal governments in the development of their recovery plans as part of the efforts of the Municipal Recovery Planning Program, they announced. The municipal recovery program subsidized with CDBG-DR funds, will not only provide the municipalities […]
The business world has evolved in such a way that, today, creativity and technology go hand in hand to achieve better results. These in turn bring innovative business solutions for clients. Faced with this reality, the de la Cruz Ogilvy advertising firm presented “Creativity + Technology, a new revenue stream,” a forum aimed at giving […]
The Puerto Rico Manufacturers Association (PRMA) launched ehub, a personalized platform, inspired by virtual reality, which the trade organization said will provide “modern interaction through which users will have a unique experience never seen before in Puerto Rico.” The digital tool is aimed at creating connections, collaboration, marketing, promote products or services and integration with […]
Valet Seller, a software platform developed by Puerto Rican siblings Kevin and Maya Dunne, along with partner Andrew Michaud during the COVID-19 pandemic, which streamlines the process of selling products online for small and medium-sized businesses has been included in Forbes Magazine’s “The Next 1000” of 2021. This Forbes initiative puts the spotlight on up-and-coming business owners and […]
The Coronavirus Local Fiscal Recovery Fund, a $150 million pool of funds assigned through the American Rescue Plan Act (ARPA) of 2021, is officially open for all 78 Puerto Rico mayors who may dip into it upon signing an agreement with the Fiscal Agency and Financial Advisory Authority (AAFAF, in Spanish), Gov. Pedro Pierluisi announced. […]
Solar battery manufacturer SunBeat Energy, based in Puerto Rico, announced the expansion of its sales and distribution operations to Mexico, Panama, and Colombia. In Colombia, the firm was recently selected as one of the most recognized brands at the ExpoSolar 2021 event for the Central and South American region. During the activity, which took place […]
The US Department of Agriculture is awarding $421,295 to the towns of Barceloneta and Naguabo, to provide placemaking and planning assistance to help improve social, cultural, and economic structures for people living in rural communities. The agency is making the awards under its Rural Placemaking Innovation Challenge (RPIC) and in Puerto Rico, it partnered with […]
US Small Business Administration Associate Administrator Bibi Hidalgo, head of the federal agency’s Office of Government Contracting & Business Development, is visiting Puerto Rico early this week, the agency announced. Her visit is part of a national tour highlighting the United States’ economic recovery focused on boosting manufacturing, engaging socially and economically disadvantaged businesses on […]
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