The Puerto Rico Labor Department will offer guidance to employers who wish to benefit from salary incentives from the Work Opportunities Promotion Fund, agency Secretary Carlos J. Rivera-Santiago announced. “We will soon begin the compulsory orientation course for public and private employers who are interested in submitting proposals for Fiscal Year 2022, as provided by […]
B2B Funding, established in Puerto Rico in 2016, to offer financing alternatives to local entrepreneurs, said it has awarded about $4 million to more than 150 businesses that continue to operate despite the challenges they have faced during the COVID-19 pandemic. The funding has been assigned through its business loan programs, approved during the months […]
Local entrepreneur Máximo Torres, who has more than 30 years of experience in the renewable energy field, unveiled the SunBeat Energy battery and inverter line, which he developed. To launch the product line and create an inventory, SunBeat Energy has invested some $2 million, and will create about 30 direct and indirect jobs on the […]
The Puerto Rico Chapter of the Associated General Contractors of America (AGCPR) and the General Services Administration (GSA) are joining forces to guide the construction industry and the private sector in general on the centralized procurement process under Act 73 of 2019. The seminar will be held June 10 from 8:30 a.m. to 2:30 p.m. […]
The fourth gastronomic concept at the Distrito T-Mobile entertainment complex, La Burguesía restaurant, has opened for business following a $900,000 investment. With an irreverent tone, the restaurant satirizes bourgeois society through its gastronomic offer and design. Its operators send the message by taking a universal dish and elevating its quality, offering a “bourgeois” product at […]
Puerto Rico Economic Development Bank President Luis Alemañy announced the creation of the Center for Economic Studies to benefit of small- and mid-sized businesses, entrepreneurs and investors. The expectation is that through this center, the bank can regularly publish certain economic and financial metrics from the macroeconomic point of view but landing on the micro […]
Startup accelerator gener8tor has announced the five companies participating in its gBETA San Juan Summer 2021 cohort. This is the first gBETA program for gener8tor in Puerto Rico and the first gener8tor program to be offered in both English and Spanish. The five Puerto Rico-based startups selected — YO+, The Happy Givers, Hyperion, PolyGhost and […]
The head of the Puerto Rico Farm Bureau raised a red flag over the adjustments and cutbacks of more than $58 million to Agriculture Department programs included in the Fiscal 2022 budget, which “put major farmer aid programs at risk.” Bureau President Héctor I. Cordero-Toledo said information provided by the Administration for the Development of […]
The Puerto Rico Ports Authority broke ground on the $12.8 million reconstruction work on the passenger terminal and other structures, including the runway, at the Antonio Rivera Rodríguez regional airport in Vieques, Executive Director Joel A. Pizá-Batiz announced. “The main objective of the terminal project is to repair several structures, including the passenger terminal, which […]
The Conquistador Resort, which was battered and shut down by Hurricane María in September 2017, will reopen partially, following COVID-19 protocols. During a ribbon-cutting ceremony at the historic property, owners Royale Blue Hospitality Group, which bought the property in 2019, confirmed that in the initial phase, 230 of the 700 rooms will be available. The […]
The Fiscal Agency and Financial Advisory Authority (AAFAF, in Spanish) held its first workshop organized by the Institute for Professional Training and Public Fiscal Governance, targeting all chief legal officers of the Commonwealth’s government agencies. The Institute seeks to address the need to develop and train government human resources on fiscal, economic and governance matters, […]
Looking to evaluate Puerto Rico’s minimum wage and to promote a possible increase from the current $7.25 hourly rate, Gov. Pedro Pierluisi has convened the Governor’s Advisory Group on the Minimum Wage, which will be chaired Chief of Staff Noelia García and will integrate members of the public and private sectors. “Wage inequality is one […]
A study by nonprofit Excelencia in Education on university education in Puerto Rico revealed that, in the last 20 years, there has been a 40% increase in the total number of university degrees awarded, from 31,469 to 44,137, despite the fact that students do not have financial aid from scholarships fit for the rising cost […]
The annual celebration of World Bee Day on May 20th, as recognized by the United Nations, is setting the stage for the emergence of the “Puerto Rican Bee,” scientifically known as gAHB, or Africanized gentle honeybee. This species of bee exclusive to Puerto Rico is hybrid, has unique genetics and has proliferated locally thanks to […]
The United Retailers Association (CUD in Spanish) and the Puerto Rico Innovation and Technology Service (PRITS), signed for the first time an alliance aimed at designing and developing projects to improve and update several of the government’s technological platforms to benefit individuals and local businesses. “We need to join forces to develop technological and information […]
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