The Puerto Rico Hotel and Tourism Association (PRHTA) is seeking to “empower” the tourism industry, and island residents, through an online platform it is calling “Fiebrú.” The content platform — which will go live in the third quarter of the year for the Puerto Rico Hotel & Tourism Association’s 400 corporate members and its associates, […]
The Puerto Rico Economic Development Bank recently distributed $764,593 among four towns to retain a total of 800 direct and indirect jobs, the agency announced. EDB President Luis Alemañy confirmed that funding has been awarded to the municipalities of Lajas, Añasco, Moca and Yauco. This, as part of the Small Business Financing program managed by […]
Citing “exceptional efforts and partnership,” Blood Centers of America (BCA) has recognized Fresenius Kabi’s San Germán plant with the newly announced Critical Infusion Award for helping to overcome the unique challenges the pandemic posed to the blood and blood plasma donation field, the company said. BCA works with hundreds of suppliers that kept the supply […]
A group of professionals from the Department of Health’s Municipal Case Investigations and Contact Tracing System (SMICRC, in Spanish) received 2,200 protective gowns through an alliance between the Cooperative Investment and Development Fund (FIDECOOP, in Spanish) and the Plaza Las Américas Foundation. Industrial textile co-ops in Costura Industrial de Comerìo and Creación de la Montaña […]
During the month of May, Causa Local will be promoting small business owners by launching Causa Local Scale-Up 2.0, a development program that seeks to continue supporting entrepreneurs to create more jobs, sell to other global markets, improve their business and sustainability model, and have access to local data, among other indicators that have been […]
Financial technology firm Evertec announced results for the first quarter ended Mar. 31, 2021, which included a revenue increase of 14%, to $139.5 million, benefitting from volume growth and continued increase of digital solutions in Puerto Rico as well as the new client contracts in Latin America. The current revenue compares with $121.9 million reported […]
The transformation and financial restructuring of Puerto Rico’s bankrupt electric power authority have generated more than $440 million in consulting contracts during the last seven years and could cost island residents more than $1 billion before completion, according to a study released by the Institute for Energy Economics and Financial Analysis. The IEEFA study found […]
The Federal Emergency Management Agency (FEMA) recently approved nearly $7 million to repair damage caused by Hurricane María at several landfills and recycling centers throughout the island, the agency announced. “We’ll continue to collaborate with the government of Puerto Rico and municipal governments for the development of their recovery projects. This award consists of more than […]
Lufthansa Technik Puerto Rico (LTPR), LLC has agreed to receive funding support from the government of Puerto Rico to cope with the challenges the aviation industry is facing, Department of Economic Development and Commerce Secretary Manuel Cidre confirmed. Lufthansa Technik Puerto Rico is part of the Germany based Lufthansa Technik Group and is specialized in maintenance, […]
For the first time in Puerto Rico, Dale Carnegie, the training organization for individuals and corporations based on a high-performance methodology, will offer Generation.Next, a youth leadership development course, an online seminar for teenagers from 14 to 18 years old. “Soft skills are a combination of interpersonal, social and communication skills, personality traits, social intelligence, […]
Toro Verde Adventure Park in Orocovis has officially opened its newest attraction, ToroBike, a $1.2 million venture that has been certified by Guiness World Records as the longest cable bike circuit in the world, at 322.25 meters long. During the unveiling, company and government officials noted that it consists of four platforms, in the shape […]
Habitat for Humanity of Puerto Rico announced the launch of “Habitat Builds Puerto Rico,” a five-and-a-half-week construction skills training “bootcamp” designed to prepare men and women to work in the growing construction industry in Puerto Rico. Applications are currently being accepted. Courses are offered free-of-charge to those who qualify based on their income and their interest […]
The Fiscal Agency and Financial Advisory Authority (AAFAF, in Spanish) has launched the Institute for Professional Training and Public Economic Governance for professionals and human resources of the government of Puerto Rico, agency Executive Director Omar Marrero confirmed. The Institute responds to the need to develop and train government human resources on fiscal, economic and […]
The Department of Homeland Security announced an extension of the deadline for US citizens to take domestic flights or visit restricted federal facilities without the need for a Real ID from Oct. 1, 2021, to May 3, 2023. After 9/11, the federal government implemented stricter regulations for the issuance of identification documents, such as birth […]
Puerto Rico Gov. Pedro Pierluisi and U.S. Secretary of Housing and Urban Development (HUD), Marcia L. Fudge on Tuesday discussed the island’s access to disaster relief funding, underscoring their commitment to continue accelerating Puerto Rico’s recovery. Last week, HUD announced the obligation of $8.2 billion in Community Development Block Grant Mitigation (CDBG-MIT) funds, along with […]
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA