The US Small Business Administration confirmed that Oriental established itself as the leading bank in loan origination volume under the agency’s 7(a) and 504 financing programs. “We reiterate our commitment to small and medium businesses. We’re here to help them to say ‘Yes I can’ achieve my company’s goals,” said Carlos Comas, director of Business […]
The Puerto Rico Sales and Marketing Executives Association (SME, in Spanish) has opened the call to nominate candidates for the Top Management Awards, which will run through Nov. 30. “The call is open to all towns in Puerto Rico and the nominee doesn’t have to be a member to compete,” said Daniel Pérez del Valle, […]
With the upcoming installation of two 175-kilowatt chargers, Porsche Center Puerto Rico will become the first Porsche Center in Latin America and the Caribbean to have two high-speed chargers that can charge the Taycan’s battery in approximately half an hour, the company said. In addition to the new supercharger, in recent months six new chargers […]
Plaza Las Américas and Macy’s Backstage announced the upcoming opening of the first Macy’s Backstage store in Puerto Rico, on Nov. 20, in time for the busy holiday shopping season. Macy’s on-mall, off-price pop-up store will be located on the second level of the space previously occupied by Borders and will have approximately 14,000 square […]
The Puerto Rico Aqueduct and Sewer Authority (PRASA) will open bids for 11 infrastructure projects in December, whose total investment approaches $176 million, government officials said. The list of projects includes improvements to the raw water intake located in the Río Grande de Añasco, the completion of the rehabilitation of the Cidra dam, the design […]
Healthcare services company Triple-S Management Corp. announced net income of $8.2 million, or $0.35 per diluted share, for the third quarter ended Sept. 30, compared with $23.6 million, or $1.02 per diluted share, in the prior year period. Adjusted net income stood at $9.6 million, or $0.41 per diluted share, during the most current quarter, versus $14.2 million, or $0.61 per diluted share, in the period in […]
Virginia-based network testing company Global Wireless Solutions has once again named Liberty Puerto Rico’s mobile network as the best overall on the island, the company announced. This year, Liberty Mobile’s network also got top marks from the independent benchmarking, analysis and testing company as the most reliable and as the best coverage on the island. […]
Ford Motor Company Fund has returned to Puerto Rico for the second Ford Driving Dreams program, in collaboration with partners of La Alianza para la Educación Alternativa — ASPIRA, Centros Sor Isolina Ferré, Nuestra Escuela, P.E.C.E.S., and Proyecto Nacer. The Ford Driving Dreams Puerto Rico program will consist of four phases and will award $107,000 […]
Discover Puerto Rico, the island’s Destination Marketing Organization (DMO), will use $50 million in American Rescue Plan Act funds (ARPA) during 2022 and 2023 to expand the marketing campaign throughout the US mainland and boost promotions beyond the already developed international markets. Discover Puerto Rico Chief Marketing Officer Leah Chandler confirmed the information during a […]
World Central Kitchen (WCK) announced the launch of its ninth round of grants as part of its Food Producer Network (FPN), a program that helps build resilient local food systems and strengthen food security. It does so through grants of up to $20,000 to support farmers, fishers, and food-related businesses and nonprofit organizations based in […]
Sun West Mortgage Company, with 41 years in the United States market, and presence in 48 states, Puerto Rico and the US Virgin Islands, was recognized as “Banking Institution of the Year” by the Puerto Rico Association of Realtors as part of the celebration of its annual convention. In addition, Andrés Concepción, Sun West’s vice […]
The Center for a New Economy’s (CNE) Blueprint initiative presented a digital platform that helps identify and monitor the extent to which Puerto Rican families and households have been able to overcome the damages to their homes after Hurricanes Irma and María. Official government reports indicate that about a third of the housing units in […]
The third edition of Puerto Rico Coctail week, planned for Nov. 14-20 at the La Concha Resort hotel in Condado will feature a dozen educational workshops for hospitality industry professionals and cocktails lovers, as well as social activities to present new products on the market and highlight popular cocktails, organizers said. The activities will feature […]
The Department of Economic Development and Commerce (DDEC, in Spanish) confirmed that the guidelines are ready to request the “Apoyo Energético” incentive, amounting to up to $25,000, to install sustainable energy systems on small- and mid-sized businesses. This program was developed to help SME’s stabilize their operations, as well as reduce costs and long-term energy […]
The General Services Administration (ASG, in Spanish) announced the launch of its new digital platform, called “Registros,” designed to combine the registration of suppliers of goods and government service providers in the same registry. The installation of “Registros”represents a saving of $55,000 in operational expenses for ASG and facilitates the work of the agency in […]
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