Microjuris.com CEO Ataveyra Medina-Hernández is urging the legal community to complete the 2021 version of the longitudinal study on the legal services market in Puerto Rico. A sample of lawyers in Puerto Rico should have received an email with the option to participate in the 2021 edition of the study. “We urge you to participate […]
The Enrique “Coco” Vicéns Recreational and Cultural Center, known as “La Guancha” in Ponce, received a $6.7 million allocation from the Federal Emergency Management Agency (FEMA), for permanent repairs, the agency announced. In addition to being a meeting place, the iconic complex in the island’s second-largest town is key for its economy. During regular operations, […]
On Aug. 31, we were all surprised to see that the Centers for Disease Control, known as CDC, issued a warning against traveling to several worldwide destinations and two US territories Guam and Puerto due to an increase in coronavirus cases. The CDC raised Puerto Rico to what they refer to as “Level 4,” to […]
In the government of Puerto Rico, we believe in coordination, rather than confrontation, with the Financial Oversight and Management Board (FOMB) to bring their mission to conclusion as soon as possible. In the case of the Puerto Rico Aqueduct and Sewer Authority (PRASA), the Administration of Gov. Pedro Pierluisi is convinced that PRASA’s successes should […]
The Purchasing Managers Index (PRM-PMI) for Puerto Rico’s manufacturing sector increased to 55.8 in July, an expansion over the prior month. The index is a collaborative effort between the Puerto Rico Manufacturers Association and the Puerto Rico Institute of Statistics that measures several components related to the sector. The Employment (55.8), Suppliers Delivery (71.2) and […]
The U.S. Department of Agriculture is seeking input on ways to make it easier for nonprofit groups and other organizations to help businesses form cooperatives. The agency is seeking recommendations to streamline application requirements and make other improvements to the Rural Cooperative Development Grant (RCDG) program, said Luis R. García, USDA Rural Development acting state […]
A trio of government agencies — the Puerto Rico Aqueduct and Sewer Authority, the Infrastructure Financing Authority (AFI, in Spanish), and the Health Department — announced the signing of an agreement to carry out $46 million in improvements to the water utility’s infrastructure. During a news conference, officials from all agencies confirmed that the money […]
Pharmacy chain Walgreens announced it will increase the starting hourly wage for all employees to $15 an hour, taking effect in phases beginning in October, expecting to fully implement it by Nov. 1, 2022. The pay raise will apply to Puerto Rico employees across Walgreens’ 106 stores, Eileen Ortega, director of operations for Walgreens Puerto […]
The Puerto Rico Ports Authority announced the opening of the Bravo taxiway at the José Aponte de la Torre de Ceiba Regional Airport, following an investment of more than $3.7 million in local and federal funds. The Bravo taxiway is one of the main access points for aircraft from and to the runway during take-off […]
Small and medium sized enterprises (SME) are often called the “backbone” of Puerto Rico’s economy. They account for 95% of the business on the island and almost half of all the jobs in the private industry, and they are key for stimulating entrepreneurship and developing a strong economy. That’s why we support SMEs. From special […]
Oriental bank announced a new partnership with nonprofit organization Kinesis — a foundation focused on providing resources for students to achieve a competitive education — to provide financial guidance seminars to more than 40 students who participate in the Bright Stars program. “Oriental’s Corporate Social Responsibility program is focused on financial education, entrepreneurship and social […]
Puerto Rico’s new car sales reached 10,926 units in July, representing a year-over-year growth of 3.12% in July, the United Automobile Importers Group (GUIA, in Spanish) announced. A total of 10,595 new vehicles were sold in July 2020. “The month of July closed as the July with the highest sales in history,” GUIA President Ricardo […]
The Economic Development Bank for Puerto Rico (EDB) bestowed grants of up to $50,000 that added up to more than $1.4 million to small- and mid-sized businesses in the town of Bayamón that were affected by the passage of Hurricanes Irma and María. The government agency approved and closed 34 applications for businesses in Bayamón, […]
As part of its commitment to vulnerable populations, FirstBank sponsored the National Dog Day event held by Vivo Beach Club and donated to two nonprofit organizations dedicated to the adoption and care of dogs on the island. El Foster Club, whose mission is to create a support network to house abandoned animals until they find […]
PRoduce has received a $1.8 million capital injection led by the Semillero Partners fund to improve the consumer’s shopping and food experience, while increasing support for local entrepreneurs including farmers, fishermen, coffee collectors, and artisanal producers. The company selected Semillero Partners to lead the funding round because it is a local investment fund and because […]
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA