EDB grants $1.4M to businesses in Bayamón affected by Hurricanes Irma and María
September 1, 2021
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, […]
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Puerto Rico experiences ‘historic month’ of new car sales in July
September 1, 2021
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 […]
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FirstBank donates to 2 nonprofits dedicated to dog adoption, care in Puerto Rico
September 1, 2021
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 […]
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PRoduce raises $1.8M in capital to boost support of small farmers
August 31, 2021
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 […]
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Software engineering firm INVID’s 3-yr. growth centers on local, nearshore services
August 31, 2021
Puerto Rican software engineering firm INVID, founded in 2003, has upheld its growth curve for the past three years with services offered to local and nearshore companies — in the US mainland — in need of custom software to solve business challenges. Alberto Lugo, president of INVID, said while 2020 was a “very challenging year, […]
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Op-Ed: Under Dean’s ‘inspiring leadership,’ DMO guides island’s tourism boom
August 31, 2021
Just think of the hundreds of compelling places across the globe — exotic beaches, tropical rain forests, charming villages, thriving cities — that could make for an ideal spot for a vacation or business event. Competition is fierce in the travel industry, during even the best of times. And that makes the work being done […]
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FV Bank secures $8M in Series A funding round
August 31, 2021
FV Bank, a dual licensed challenger bank and digital asset custodian, announced the closing of its Series A funding round worth $8 million. The fundraise, led by BnkToTheFuture, Decentralized Ventures, NFG Fund, CCIX Global, Zenrain Technology, and Satvat, boosts FV Bank’s post money valuation to $48.9 million, the entity said. Founded in 2018 by payments entrepreneurs […]
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Health Gorilla connects 1M+ residents to Puerto Rico Health Information Exchange
August 31, 2021
California-based Health Gorilla, a company dedicated to managing interoperability platforms in Puerto Rico, and the Health Department announced that more than 1 million residents have connected to the Puerto Rico Health Information Exchange (PRHIE) network in 60 days of program launch. This initiative enables healthcare providers to access and share patient medical record data securely […]
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USDA seeks comment on ways to help rural farmers increase income, expand markets
August 31, 2021
The U.S. Department of Agriculture is seeking input on ways to better help rural businesses and agricultural producers develop and market new products. The USDA is interested in recommendations to improve the application process and eligibility requirements for the Value-Added Producer Grant Program, which receives at least 12 petitions a year from Puerto Rico farmers, […]
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Foundation for Puerto Rico donates $200K in telecom equipment to nonprofits
August 30, 2021
As part of the initiatives to promote resilience in the island’s communities, the Foundation for Puerto Rico, through its Bottom Up Destination Recovery Initiative (Bottom Up) program, has delivered more than $200,000 in telecommunications equipment to more than 100 local nonprofit organizations and municipal agencies. The entities are in the regions that the Bottom Up […]
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Op-Ed: Birling Puerto Rico Stock Index beating Dow Jones, S&P 500 and Nasdaq
August 30, 2021
What is the Birling Capital Puerto Rico Stock Index? The Birling Capital Puerto Rico Stock Index is a market value-weighted index composed of five (5) companies with headquarters and/or primary domicile in Puerto Rico. All companies are listed on the national NYSE, AMEX, or NASDAQ exchanges. Birling Capital Puerto Rico Stock Index has a yield […]
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PRMA, GSA launch free seminar on new procurement processes
August 30, 2021
The Puerto Rico Manufacturers Association, in alliance with the government’s General Services Administration (GSA) will carry out a free virtual seminar on the new procurement processes of goods, services and auctions. It is scheduled for Aug. 31, starting at 9 a.m. The event seeks to give PRMA members and other executives interested in selling to […]
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Medtronic LatAm launches program to recognize healthcare workers ‘who inspire’
August 30, 2021
Medtronic announced the launch of “Inspiradores,” a recognition program to honor and celebrate health workers in Latin America through life stories. The launch coincides with the designation of 2021 as the International Year of Health and Care Workers by the World Health Organization (WHO), the company with presence in Puerto Rico stated. In its inaugural […]
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Boston Scientific to host free program to support entrepreneurs
August 27, 2021
For the fourth consecutive year, Boston Scientific Dorado and The Growth Coach are joining forces in a collaborative partnership to continue their commitment to local entrepreneurs, through the Strategic Business Owner Program. The initiative is exclusively for business owners and will provide participants with the necessary structure and tools to develop their strengths and opportunities […]
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COR3 leads sessions on how to maximize use of reconstruction funds
August 27, 2021
The Central Office for Recovery, Reconstruction and Resilience (COR3) carried out a series of orientation sessions on the management of funds under sections 428 and 406 of the Federal Emergency Management Agency (FEMA) Public Assistance program. “We’re at an important moment in which agencies, municipalities and nonprofit organizations are developing new reconstruction projects, and there […]
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