PRiMEX starts export academies, talent management and dev’t on the island
January 20, 2021
Puerto Rico Manufacturing Extension Inc. (PRiMEX), announced the start of two academies, specialized in export areas, as well as the management and development of talents on the island, also known as “Smart Talent.” Both academies are aimed at Puerto Rico’s small and medium manufacturing business sector. “For the second year in a row, we will celebrate […]
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Toyota de Puerto Rico reports sales of 26,537 units in ’20
January 20, 2021
Toyota de Puerto Rico reported year-end sales of 26,537 units of its Toyota and Lexus non-fleet vehicles, which company President George Christoff said exceeded 2020 expectations. Toyota kept its title of “#1 brand in the automotive industry in Puerto Rico” with a 30.1% market share. The best-selling cars were in the Yaris and Corolla family, […]
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Economic Activity Index down 6.8% Y-O-Y in November
January 20, 2021
The island’s Economic Activity Index reached 115.1 points in November, representing a 6.8% contraction when compared to November 2019, and the ninth reduction after 20 year-over-year consecutive increments, the Puerto Rico Economic Development Bank revealed. The EDB-EAI decreased by 0.4% when compared to the previous month. EDB President Pablo G. Muñiz-Reyes said the crisis created […]
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Online News Association awards $20K to Sacred Heart University
January 20, 2021
Sacred Heart University in Santurce was one of seven colleges to receive funding through the Online News “2020 Challenge Fund for Innovation in Journalism Education,” to experiment with local news collaboration. Each university will partner with local news organizations to explore news ways of teaching journalism and delivering information to their local communities. Sacred Heart […]
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San Sebastián to reopen Plaza Agropecuaria to boost region’s economy
January 20, 2021
Rep. Eladio ‘Layito’ Cardona-Quiles, who represents District 16, announced the upcoming reopening of the Plaza Agropecuaria in San Sebastián to promote family markets and economic activity in the region he represents. The plaza will reopen Feb. 5. The reopening comes after talks with Agriculture Secretary-designate Ramón González, who confirmed the availability of $2 million in […]
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RSM Puerto Rico firm reports 7.1% growth in ’20
January 19, 2021
RSM Puerto Rico, a local audit, tax and consulting firm focused on the middle market, reported a revenue growth of 7.1% at closing of fiscal 2020, which it described as “an extremely challenging year for the business community both locally and globally.” Business consulting and tax advisory services grew 9.2% and 10.1%, respectively, attributed to […]
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Discover Puerto Rico: US travelers make island most-searched destination
January 19, 2021
With COVID-19 vaccine distribution taking hold across the US, consumers are feeling the end of the pandemic is near, according to recent research shared by Discover Puerto Rico. According to new research from online travel marketplace KOALA, after analyzing the Google data, Puerto Rico was revealed as number one in the list of places that […]
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State Dept. waives penalties for co.’s late on annual reports
January 19, 2021
Secretary of State, Larry N. Seilhamer announced Administrative Order 2021-01, which grants an amnesty eliminating fines or penalties imposed on active entities for not filing annual reports or paying their annual fees prior to 2020 on time. The amnesty period begins today and ends Feb.17, 2021 and applies only to active entities. The fine waiver […]
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Rock Solid Technologies named to ’21 GovTech 100 List
January 19, 2021
Government Technology magazine has chosen Rock Solid Technologies, a software company that helps governments and citizens work as one through configurable customer relationship management, mobile, and enterprise resource planning software solutions as a GovTech 100 company for 2021. Government Technology magazine publishes the list annually to highlight companies focused on “making a difference in and […]
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FEMA approves $1.8M for repairs to Puerto Rican fishing villages
January 18, 2021
At about 4 a.m. Christopher McGrath, a commercial fisherman from San Juan, begins to prepare his boat to go out to sea to find fresh fish. That hard work goes on for long hours until the sun goes down, where he then distributes the day’s catch to restaurants and to the public. Like him, nearly […]
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19 food production projects split $400K in financing from World Central Kitchen
January 18, 2021
World Central Kitchen announced 19 new participants of its sixth round of grants totaling $400,000 available through the Food Producers Network, formerly known as the “Plow to Plate” program. The nonprofit’s food security and resilience program offer direct financial support to small farmers, fishermen, agribusinesses and associations to regenerate their capacity for production, distribution and […]
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Burns & McDonnell to support PREPA’s grid revitalization process
January 15, 2021
Kansas City-based Burns & McDonnell has been awarded a contract for program management services to support the Puerto Rico Electric Power Authority (PREPA) with the revitalization of Puerto Rico’s electrical grid. The financial terms of the agreement were not disclosed. The work will be primarily funded by the Federal Emergency Management Agency (FEMA) and Community […]
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Puerto Rico’s new car dealers saw 10.9% drop in sales in ’20
January 15, 2021
New car sales reflected a 10.9% drop in 2020, when 95,019 units were sold, in comparison to 106,624 sold in 2019, according to the latest report by the United Automobile Importers Group. During a presentation, the trade group known as GUIA in Spanish, said fleet sales represented 8.4% of total sales with 7,976 units. That […]
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Global design firm Stantec moves to new office in Guaynabo
January 15, 2021
Global design firm Stantec has opened an office in the San Patricio neighborhood of Guaynabo, expanding its presence on the island “to better serve its clients,” the company announced. Located in the T-Mobile Center, the 1,200-square-foot office will support between eight and 10 employees. “Our new office in Puerto Rico strengthens our ability to deliver […]
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Pierluisi creates steering committee to oversee LUMA Energy contract
January 14, 2021
Gov. Pedro Pierluisi announced the creation of a steering committee to oversee the Public Private Partnership contract to run the Puerto Rico Electric Power Authority’s transmission and distribution granted to LUMA Energy. The steering committee was established in response to Executive Order 2021-012, which calls for overseeing and ensuring that the enactment of the contract […]
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