The United Automobile Importers Group (GUIA, in Spanish) confirmed that Puerto Rico’s new car sales grew by 9.3% in June, when compared to the same month in 2020, with 11,636 units sold in comparison to the 10,648 new vehicles that rolled off lots in June 2020. “Given that June of last year was the first […]
The US Small Business Administration is reminding small businesses and most private nonprofit organizations in Puerto Rico that Economic Injury Disaster Loans (EIDLs) are still available to anyone in the declared municipalities in Puerto Rico affected by severe storm and flooding on Sept. 13, 2020. The application deadline is Aug. 5 in the following adjacent […]
The Puerto Rico Chamber of Commerce (CofC) recently swore in its new President, Luis A. Gierbolini-Rodríguez, as well as its new Board of Directors for 2021-2022. During his swearing-in message, Gierbolini-Rodríguez stressed “the important role that the Puerto Rico Chamber of Commerce must assume to promote a true business culture in the island and foster […]
Plastic pools were the most requested item last summer during the COVID-19 pandemic and associated stay-at-home restrictions, a phenomenon that represented a 40% market growth for Emilio’s Pool & Spa in Guaynabo. Because their upkeep often falls to the owners, Ramón Emilio Román and Mariluz Maldonado launched a mobile application — Emilio’s Pool App — […]
MCS Advantage Inc., a subsidiary of MCS under the Medicare Advantage business line, announced that it recently received accreditation for an additional three years from the Association for the Accreditation of Ambulatory Health Care (AAAHC). MCS Advantage Inc. first obtained the accreditation in 2018, and since then, the company and its MCS Classicare (HMO) products […]
The U.S. Centers for Disease Control and Prevention (CDC) has downgraded the risk of contracting COVID-19 in Puerto Rico to Level 2, or “moderate.” This means that individuals who are fully vaccinated may travel to the island without restrictions, Discover Puerto Rico confirmed. “The news bodes well for Puerto Rico’s tourism industry, which is already […]
Amazon Web Services Inc., a business of Amazon.com Inc., announced Project Resilience for Central America and the Caribbean. As part of the AWS Disaster Response Program, Project Resilience supports organizations that may be affected by natural disasters and whose business continuity is critical to community resilience. In preparation for the hurricane season, AWS will offer […]
Puerto Rico’s Economic Activity Index (EDB-EAI) for May 2021 reached a maximum level of 119.4 points representing a year-over-year increase of 7.9%. When compared to the previous month, the index rose by 0.2%, Luis Alemañy, president of the Puerto Rico Economic Development Bank, which produces the report, confirmed. The EDB-EAI contracted 5% in 2020, reaching […]
Olive Garden continues to expand its footprint in Puerto Rico with the opening of its eighth restaurant, located at The Marketplace shopping center, adjacent to the Outlets at Montehiedra shopping center. With an investment of $2.8 million, the restaurant seats 200 people in several dining areas. With the opening of the restaurant, 120 new direct […]
Liberty Business, Liberty Puerto Rico’s commercial division, continues to strengthen its roster of products and services for all business segments as the company’s integration of the wireless and wireline operations it acquired in Puerto Rico and the USVI last October, continues to progress. Antonio Llona, vice president of Liberty Business, said the division can now […]
Uber Eats’ new General Manager for the Uber Eats Andean and Caribbean region, Mauro González, announced that among his first commitments on the job are to “reactivate and grow” the island’s economy. As part of the announcement of his appointment, González confirmed that Uber Eats will be available soon in town of Mayagüez. The upcoming […]
A partnership co-owned and managed by LionGrove has acquired the Wyndham Candelero Beach Resort from Palmas Hill Partners, LLC. The property is being rebranded as the Wyndham Palmas Beach and Golf Resort. An affiliate of LionGrove will manage the resort. The financial terms of the deal were undisclosed. LionGrove is the co-owner of the Fairmont […]
The Puerto Rico Ports Authority announced it has stirred interest from 11 aerospace firms interested in becoming a master developer of services to establish a “spaceport” at the José Aponte de la Torre regional airport in Ceiba. Ports Authority Executive Director Joel A. Pizá-Batiz said the Request for Information (RFI) began in March, and 27 […]
A lot has been said about the post-pandemic “new normal” we’re fast approaching — from, all standpoints — individually, collectively, and organizations. As we move toward the expected herd immunity, we must accept that the pandemic changed the way we live and work forever. When it comes to business operations, all survey results support the basic […]
Financial institution Oriental distributed $95,000 in scholarships to college students, marking the initiative’s 7th consecutive year. These scholarships are awarded through an in-house program for children of employees. The majors selected for recognition are in the areas of science, technology, engineering, math, and business administration. “It’s very important for us to help young Puerto Ricans […]
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