Conditions for Puerto Rico’s credit union industry continued improving as of the fourth quarter of 2020, with greater liquidity, asset quality and a 20% increase in total deposits, according to the new Credit Union Industry Financial Stability Index for Puerto Rico, produced by Estudios Técnicos Inc. (ETI). “The index increased from 0.38 in the fourth quarter […]
The executive director of the Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF) Omar J. Marrero announced the release of a Request for Proposals (RFP) for grant administrator services for a fund created to provide education in business and technical skills, or the 21st Century Technical and Business Education Fund. The grant administrator will be […]
The Wyndham Grand Rio Mar Puerto Rico Golf & Beach Resort continues its process of recruiting new personnel for the hotel’s operations and on this occasion the management announced a new job fair to be held April 30 between 8 a.m. and 3 p.m. Specifically, the hotel will be recruiting seasonal, part-time and regular staff […]
The Public Private Partnership Authority recently awarded global consulting and digital services provider ICF a new $46 million contract to provide services to support long-term disaster recovery from Hurricanes Irma and María and hazard mitigation efforts to protect against future disasters, it announced. The contract, which is administered by the Central Office of Recovery, Reconstruction […]
First BanCorp., the parent company of FirstBank Puerto Rico, reported net income of $61.2 million, or $0.28 per diluted share, for the first quarter of 2021, compared to $50.1 million, or $0.23 per diluted share, for the fourth quarter of 2020, and $2.3 million, or $0.01 per diluted share, for the first quarter of 2020. […]
Puerto Rico’s economic activity showed slight growth in January and February 2021, with 118.8 and 119.3 points, respectively, but took a tumble year-over-year with drops of 3.2% in January and 2.3% in February 2020. Puerto Rico Economic Development Bank President Luis Alemañy said the Economic Activity Index (EAI-BDE) analysis period includes the months when the […]
The Puerto Rico Consortium for Clinical Investigation (PRCCI), a subsidiary of the Puerto Rico Science, Technology & Research Trust, will mark its 5th anniversary with a scientific presentation and a recognition to researchers and founding members at a Zoom event to be held April 30, from 9 a.m. to 12:30 p.m. The Zoom event, which […]
Recognizing the diversity of industries and entrepreneurs that have made inserted themselves into the local economy, and pursuing the goal of continuing to build on the message of the importance of promoting and supporting local products and services, the Hecho en Puerto Rico Association (AHPR, in Spanish) announced the integration of well-known Puerto Rican entrepreneurs […]
For decades, in Puerto Rico, only about 45% of the capable people have been employed, or actively seeking employment. Now, the structure of the pandemic aids has increased the number of qualified people, who choose to stay at home. Simultaneously, populist voices blame employers for the situation, ignoring the various causes for the problem, and […]
New York government officials teamed up with nonprofit organization Somos Inc. to deliver aid supplies to residents in Peñuelas and Yauco affected by the 2020 earthquakes. On April 22nd, Assemblywoman Maritza Dávila, chairwoman of the New York State Puerto Rican/Hispanic Taskforce, along with Somos Inc. nonprofit Chairman Francisco Díaz and the New York State Office […]
Strategic Investment Holdings, LLC, an affiliated entity of The Strategic Group, P.R., LLC announced it has completed the sale of Provista Diagnostics Inc., a women’s early-stage liquid biopsy-based cancer diagnostics firm. Based in Alpharetta, GA, the firm developed the proprietary breast cancer blood test, Videssa, was sold to Todos Medical, Ltd., a publicly traded company. […]
Environmental protection allows the population to enjoy nature, while contributing to their well-being and also indirectly promotes the creation of small business in the ecotourism industry. This positive cascade effect is how Federal Disaster Recovery Coordinator for Puerto Rico and the U.S. Virgin Islands, José Baquero Tirado, described the recent $6.2 million obligation to the Department of […]
Looking to promote farming and the consumption of locally sourced food, the Agriculture Department announced the start of the “Chef Del País” competition between culinary arts students that seeks chefs-in-training to prepare innovative recipes with local products. The cook-off was created in partnership with the InterAmerican University of Puerto Rico, Ana G. Méndez, ICPR Jr. […]
The Foundation for Puerto Rico and the Puerto Rico Housing Department unveiled the Interactive Vulnerability and Risk Maps, a digital tool that was developed as part of the nonprofit’s Whole Community Resilience Planning (WCRP) Program. With the publication of this tool, citizens will be able to see data and interactive maps that promote knowledge about […]
José M. Suárez made that statement during a recent virtual panel among travel industry leaders, who shared lessons learned from the COVID-19 crisis. And I couldn’t agree with him more. It’s a phrase we share frequently here at Discover Puerto Rico, the island’s Destination Marketing Organization (DMO) for which José serves as chairman of the […]
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