Pepsi-Cola Puerto Rico pumps $7 million into vehicle fleet upgrade
December 21, 2020
Pepsi-Cola Puerto Rico Distributing recently announced that its supply chain is undergoing a series of improvements, including a $7 million modernization of its fleet of vehicles. As part of the initiative, the distributor bought 48 new trucks, labeled with the iconic Pepsi and 7UP brands, to deliver and distribute its products to points of sale […]
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Hyatt Residence Club Dorado reopens 3 years after hurricanes
December 21, 2020
Following a three-year recovery and rebuilding effort, the Hyatt Residence Club Dorado, Hacienda Del Mar reopened over the weekend. The resort had been closed since Hurricane Irma hit Puerto Rico on Sept. 6, 2017, followed 12 days later by Hurricane María. As owners, members and guests return to the property, they will see renovations that […]
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Mano Amiga program to donate $190K in aid to 17 nonprofits
December 21, 2020
The Mano Amiga Program of Plaza Las Américas and Plaza Del Caribe Foundations announced they will donate $190,000 to 17 Puerto Rico nonprofits, which will directly benefit 14,000 lives affected by the COVID-19 pandemic. “The COVID-19 epidemic has disrupted the way nonprofit organizations offer support to communities in need,” said Jaime Fonalledas-Rubert, chairman of the […]
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Puerto Rico Cocktail Week launches new ‘Cocktail To-Go’ program
December 21, 2020
Looking to find new opportunity during a year of reinvention, Puerto Rico Cocktail Week unveiled its Cocktail To-Go platform through whichit offers the public the opportunity to enjoy their favorite cocktails at home through a “box program” and a cocktail display in alliance with the specialty wine and beverage store The House. The box program […]
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Solid waste management co. EC Waste to sell 70 excess units
December 21, 2020
Solid waste management and disposal company, EC Waste, announced that as part of its policy of periodic renewal of the vehicle fleet, it has put up for sale some 70 vehicles and equipment classified as surplus. “We renew our fleet periodically to keep our equipment in optimal conditions,” said Jorge Alexis Meléndez, health, safety and […]
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Invest PR locked down $58M in committed investments, 3,500 jobs in ‘20
December 18, 2020
Invest Puerto Rico (InvestPR) provided an overview of its achievements in 2020, which included secured new business commitments including 3,500 new jobs, $58 million in capital investment, and an average payroll of $51,000 per job. During a virtual presentation, the island’s official investment promotion organization shared the results presented in its annual report, detailing the […]
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Parallel18 marks 5th anniversary as it releases its 2020 Impact Report
December 18, 2020
The Parallel18 startup acceleration program is marking its fifth anniversary with a rundown of its achievements so far, which include receiving 4,340 applications, graduating 211 companies of which 35% are from Puerto Rico and seeking 85% of them survive despite trying economic times. During a presentation, Parallel18 officials said $1.3 million were distributed in grants […]
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CESCO Digital app has 1M users, shored up $38.4M for gov’t
December 18, 2020
The Puerto Rico Department of Transportation and Public Works’ CESCO Digital app has already garnered one million users and has collected more than $38.4 million for the government through a number of possible transactions, Puerto Rico Innovation and Technology Services director Glorimar Ripoll-Balet said. The implementation of this the mobile app, which is part of […]
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FIDECOOP joins Causa Local in spreading access to capital
December 18, 2020
Causa Local and the Cooperative Development and Investment Fund (FIDECOOP, in Spanish) announced an alliance in which FIDECOOP will recommend and endorse businesses they identify as eligible to apply for micro-loans of up to $15,000 at 0% interest from the kiva.org crowd-lending platform. FIDECOOP, a financing fund for businesses organized under the cooperative model, joins […]
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3 new hotels with $25M in combined investments planned for San Juan islet
December 17, 2020
Three new hotels — Hotel Tetuán 100, Puerto Valdes, and Plaza Colón Hotel & Suites — representing a combined $25 million in investments are underway in the San Juan islet, which will add 88 new rooms to Puerto Rico’s inventory. During a news conference, Puerto Rico Tourism Co. Executive Director Carla Campos said the new […]
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Puerto Rico residents have until Friday to claim $1,200 incentive
December 17, 2020
Individuals residing in Puerto Rico during the year 2019 or 2020 have until Friday to request the $1,200 economic incentive approved by the federal government earlier this year to mitigate the effects of COVID-19, Treasury Department Secretary Francisco Parés-Alicea said. “We urge citizens who have not completed the CARES Act financial aid application to do […]
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MCS Foundation fundraiser pursuing $1M for elderly population
December 17, 2020
The MCS Foundation recently launched its “A call for our people in need” fundraising campaign through which it hopes to raise $500,000, which it will match dollar-for-dollar, up to $1 million, to help Puerto Rico’s most vulnerable communities and the elderly, the nonprofit announced. This is the fourth fundraising campaign. “According to official Census data, […]
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Wovenware named IDC Innovator for Artificial Intelligence services
December 17, 2020
Wovenware, a nearshore provider of Artificial Intelligence (AI) and digital transformation solutions, announced it has been named an IDC Innovator, described as emerging vendors with revenue of less than $100 million, that have demonstrated either a groundbreaking business model or an innovative new technology — or both. Wovenware was one of only four providers recognized […]
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SBA’s Economic Injury Disaster Loan window closes Dec. 31
December 17, 2020
Small businesses and nonprofits adversely affected by the COVID-19 pandemic are encouraged to consider applying for the U.S. Small Business Administration’s COVID-19 Economic Injury Disaster Loan (EIDL) during the month of December. Applications must be submitted via SBA’s online application link no later than Dec. 31, 2020 to be considered, the agency said. A total […]
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USDA opens call to establish revolving loan programs
December 17, 2020
The U.S. Department of Agriculture announced it is seeking applications for funding to establish revolving loan programs to support rural businesses and community development projects. Subject to the availability of funds, the loans will be established through USDA’s Intermediary Relending Program. Eligible recipients include nonprofits, cooperatives and public agencies. “The Intermediary Relending Program provides loans […]
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