Puerto Rico security co.’s ordered to pay $942K in back wages, damages, penalties
July 21, 2020
A group of four interrelated Puerto Rico security guard companies and their principals have been ordered to pay a total of $715,685 in back wages and damages to 400 employees for their willful violations of the Fair Labor Standards Act (FLSA). The decision comes after the U.S. District Court for the District of Puerto Rico […]
chat_bubble0 Comment
visibility2956 Views
Puerto Rico moves up in Economic Freedom Index
July 21, 2020
The Center for Economic Renewal, Growth and Excellence (CRECE, for its acronym in Spanish) unveiled the results of the 2019 Economic Freedom Index for Puerto Rico, which showed that the island ranked 69 out of 180 countries with a score of 64.4, representing an increase of 3.4 points vs. 2018. Based on The Heritage Foundation […]
chat_bubble0 Comment
visibility3357 Views
Op-Ed: Has Puerto Rico learned anything from recent incidents and disasters?
July 21, 2020
“We cannot solve our problems with the same thinking we used when we created them.”– Albert Einstein Jokingly, a meme on Facebook asks people from Puerto Rico to fill out a checklist regarding all the incidents and disasters they have endured. A hurricane, an earthquake, a pandemic, a lockdown and a blackout are among the […]
chat_bubble1 Comment
visibility2315 Views
Medtronic expands Salus@Work clinics in 2 manufacturing plants
July 21, 2020
Medical device manufacturer Medtronic announced it has expanded the Salus@Work clinic initiative to its manufacturing facilities in Ponce and Villalba, after its first clinic at the Juncos plant contributed to the well-being of more than 2,000 employees and their families, company executives said. An alliance with its health plan, Triple-S Salud, led to the opening […]
chat_bubble0 Comment
visibility2138 Views
Retailer La Esquina Famosa unveils online store for back-to-school sales
July 21, 2020
With back-to-school shopping season around the corner, traditional brick-and-mortar retailers are looking to reinvent themselves amid COVID-19 to make their sales. Such is the case with La Esquina Famosa, which for the past 40 years has been selling uniforms at their store. This year, the retailer opted to launch a website to offer customers the […]
chat_bubble0 Comment
visibility2658 Views
Health Trust offers hurricane preparedness workshop
July 21, 2020
The Puerto Rico Hurricane Response Hub announced the launch of the third edition of the Project ECHO workshop series, focusing on hurricane preparedness during the COVID-19 pandemic. The program comprises six free sessions every Wednesday from July 22 until Aug. 26, from 5 p.m. to 6:30 p.m. The goal of this initiative, which is a […]
chat_bubble0 Comment
visibility1790 Views
DDEC, Echar Pa’ Lante join to promote entrepreneurship training for college professors
July 20, 2020
The Department of Economic Development and Commerce (DDEC, in Spanish), jointly with the Echar Pa’Lante Multisectoral Alliance, are sponsoring a series of trainings for college professors on entrepreneurial mindset, the Youth Startup Experience and a symposium led by Babson College. “For the past four years, our agency has been collaborating with Babson College, through the […]
chat_bubble0 Comment
visibility1941 Views
Oriental adjusts branch service hours in response to spike in COVID-19 cases
July 20, 2020
Oriental announced it will be adjusting service hours at its branches in Puerto Rico, in response to the spike in COVID-19 cases on the island. The changes go into effect today. Branches: From Monday to Friday they will offer services until 3 p.m. Customers are required to make their appointment in advance; Drive-up windows: Will […]
chat_bubble0 Comment
visibility1309 Views
Affordable housing developer ACRUVA Capital Partners enters Puerto Rico market
July 17, 2020
ACRUVA Capital Partners announced it has entered the Puerto Rico market to lease, option, or buy land to develop affordable housing communities, as well as to acquire, rehabilitate and re-syndicate affordable housing communities in strategically selected markets. ACRUVA Capital Partners was formed as a joint venture with the support of Alliant Capital, its long-term financial […]
chat_bubble3 Comments
visibility3190 Views
Triple-S Foundation unveils ‘Alimenta tu cuerpo, Alimenta tu alma’ recipe book
July 17, 2020
Triple-S Foundation, a nonprofit dedicated to addressing two social determinants of health — food insecurity and emotional wellbeing, in particular social isolation — unveiled the “Alimenta tu cuerpo, Alimenta tu alma” (“Feed your body, Feed your mind” recipe book, which will be available for free at alimentatepuertorico.com. “With this publication we continue to work on […]
chat_bubble0 Comment
visibility1875 Views
Op-Ed: Puerto Rico can revive its economy with biomedical production
July 17, 2020
The global economic landscape created by the new coronavirus pandemic could represent an opportunity for Puerto Rico to re-insert itself with prominence into the U.S. medical supply chain. We know that we have the right workforce for the pharmaceutical industry, and the world knows that the financial devastation left by the 2017 hurricanes and now […]
chat_bubble0 Comment
visibility2165 Views
Piloto 151 launches coworking pop-up in O:LV 55 Hotel in Condado
July 16, 2020
Puerto Rican coworking firm Piloto 151 announced a new alliance with O:LV 55 Hotel and the opening of a pop-up concept that can serve both guests and the new O:LV residences, as well as Piloto members. “This new partnership brings us even closer to the hospitality industry, which continues to gain traction in work environments. […]
chat_bubble0 Comment
visibility2739 Views
Enactus Puerto Rico marks 15 yrs. of developing leaders
July 16, 2020
Enactus Puerto Rico, an international nonprofit whose mission is to build future leaders is marking its 15th anniversary on the island, where it has overseen scores of new projects, organizers said. As part of its mission of developing leaders, entrepreneurs and innovative projects that address community needs, participants have created projects from services to elderly, […]
chat_bubble0 Comment
visibility1806 Views
FirstBank, NY Fed grant $240K to 40 small biz, nonprofits in Puerto Rico/USVI
July 16, 2020
The coronavirus pandemic has had a significant impact on people’s health and the economy, with small business owners and nonprofits being the most affected sectors. To continue to support these groups, FirstBank, in conjunction with the Federal Home Loan Bank of New York (FHLBNY), announced that they will be granting $240,000 to 40 entities in […]
chat_bubble0 Comment
visibility2012 Views
Better Business Bureau to open Puerto Rico office
July 16, 2020
The Better Business Bureau (BBB), a nonprofit organization that monitors relations between consumers and companies, will establish itself in Puerto Rico “to create strategic alliances and promote ethics, transparency and trust among the business community,” it announced. “These alliances will be seen more frequently in Puerto Rico, since the Better Business Bureau will strengthen professional […]
chat_bubble1 Comment
visibility3747 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA