Auto rental co. Enterprise opens location in Bayamón, Guaynabo next
January 31, 2020
Auto rental company Enterprise Rent-A-Car, announced the opening of a new location in Bayamón, with another one in the works for Guaynabo later this year. The new 2,000 square-foot office is part of an aggressive local expansion plan for Enterprise, which has 21 offices throughout the island and employs more than 240 people, executives said. […]
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OFG Bancorp reports -$2.3M net income loss in 4Q19, $47.7M profit for ’19
January 30, 2020
OFG Bancorp reported results for the fourth quarter and full-year 2019, reflecting the previously announced acquisition of Scotiabank’s Puerto Rico and U.S. Virgin Islands operations. OFG reported a net loss to shareholders of $2.3 million, or ($0.04) per share, which included $21.5 million in acquisition related merger and restructuring charges and $6.6 million in additional […]
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IEFFA pens letter to Vázquez: ‘Explore other options for SJ power plant conversion’
January 30, 2020
The Institute for Energy Economics and Financial Analysis (IEEFA) sent a letter to Gov. Wanda Vázquez, urging her to reconsider plans for converting Units 5 and 6 of the San Juan Power Plant from diesel to liquid natural gas (LNG)-based generation. Signed by IEEFA’s Director of Finance Tom Sanzillo, the letter was accompanied by documents […]
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Gov’t unveils digital access to public information tool
January 30, 2020
The Secretary of the Department of Economic Development and Commerce, Manuel A. Laboy, unveiled the Access to Public Information tool, which complies with the disclosure obligations established in several laws. The digital tool responds to conditions established by the Puerto Rico Incentives Code, the Transparency Law and Expedited Procedure for Access to Public Information and […]
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Startup DataScope offers digital platform to gather data on P.R.’s seismic emergency
January 30, 2020
During the emergency caused by Hurricane María in Puerto Rico in 2017, Chilean startup DataScope offered the municipality of Mayagüez its digital platform that uses cell phones to collect data from the population in need of help. DataScope is now making it available to municipalities affected by the earthquake in southwest Puerto Rico and to […]
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P.R. BloggerCon conference to focus on digital trends
January 30, 2020
Puerto Rico BloggerCon, the annual convention for digital media and influencers slated for Feb. 8, this year will celebrate “HyperSocial,” an educational event for communicators, digital content creators and entrepreneurs about emerging changes in digital platforms. The activity will take place at the Engine-4 Coworking Space in Bayamón. “We call on communications professionals and digital […]
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First BanCorp. reports $167.4M in net income for ’19
January 29, 2020
First BanCorp., the bank holding company for FirstBank Puerto Rico, reported net income of $167.4 million, or $0.76 per diluted share for the year ended Dec. 31, 2019, vs $201.6 million, or $0.92 per diluted share for the year ended Dec. 31, 2018. The drop was attributed a one-time $63 million benefit last year, which […]
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FEMA, COR3 assign $50.5M for 63 recovery projects in P.R.
January 29, 2020
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, have obligated more than $50.5 million in additional funds for 63 projects related to the recovery and reconstruction of Puerto Rico. These funds were obligated between Jan. 17-23. “FEMA and COR3 continue to work together to develop strategies that […]
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Op-Ed: Why VoIP can give P.R.’s businesses a competitive advantage
January 29, 2020
By Julia A. FernándezSpecial to News is my Business Businesses had little interest in adopting Voice over Internet Protocol (VoIP) when it was introduced in the mid-1990s. This is because mobile phones were entering the market, while the internet which enabled VoIP was slow and unreliable. However, the technology improved significantly over the years and […]
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AAFAF launches summer internship for college students
January 29, 2020
Undergraduate college students in law, finance, economy, accounting and other related disciplines may take part in the summer internship of the Fiscal Agency and Financial Advisory Authority (AAFAF, in Spanish). The program, named José M. Berrocal Summer Internship, will take place during the months of June and July 2020. The AAFAF Summer Internship promotes […]
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Tropizen operating normally despite P.R. earthquakes
January 29, 2020
Puerto Rico-based medical cannabis products manufacturer and licensed cultivator, Tropizen, announced that it is fully operational, and its facilities remain unaffected after the earthquakes that have occurred in the southwestern region of the island. “Our manufacturing and cultivation facilities are operating normally, and our buildings are free from structural damage following the earthquakes. In addition, […]
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Youth entrepreneurship event, Lemonade Day, taking place Feb. 1
January 29, 2020
Lemonade Day Puerto Rico will take place Feb. 1 at the Mayagüez Mall to register students, mentors, parents and teachers interested in participating in the second edition of the free youth entrepreneurship program. Registration will run from 10 a.m. to 6 p.m. “We thank the Mayagüez Mall for becoming our platform in the western region […]
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Bravo Family Foundation announces 10 co’s picked for Rising Entrepreneurs Program
January 28, 2020
Bravo Family Foundation — a philanthropic entity founded by Puerto Rican businessman Orlando Bravo – announced the 10 innovative companies that moved on to the next phase of the Rising Entrepreneurs Program. BookSloth, CINCO Engineering, FiberWolf LLC, Insu Health Design Inc, Local Guest LLC, Pratian LLC, Raincoat, Skootel, Synchrolog, and Momentum Creative Lab were selected, […]
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1st BurgerFi restaurant in P.R. to open in Guaynabo
January 28, 2020
Florida-based gourmet burger chain BurgerFi is looking for employees for the first of six restaurants planned for the Puerto Rico market, which will open in Guaynabo, this media outlet learned. The company is looking to hire cooks, dishwashers, bartenders and team members for the local fast-casual restaurant chain to be owned and operated by franchisee […]
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‘Caguas Compite’ free business training program accepting applicants
January 28, 2020
The “Caguas Compite 2020” is accepting applications from participants looking to learn how to establish a business and succeed in entrepreneurial projects. Caguas Mayor William Miranda-Torres said enrollment is now open for the session that begins Feb. 20. This project, led by the Caguas Department of Economic Development, consists of 20 free business training workshops […]
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