P.R. manufacturing PMI dropped to 43.2 in Nov. ’19
January 3, 2020
Puerto Rico’s Purchasing Managers Index for the island’s manufacturing sector decreased to 43.2 in November and remained below the threshold level for the eighth consecutive month. A reading below the threshold level suggests a contraction in the manufacturing sector with respect to the previous month. The report shows that four out of five of the […]
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25+ restaurants to participate in ‘Burger Festival’
January 3, 2020
The creators of the Pizza & Beer Fest annual event announced the debut of the “Burger Festival,” a gathering of more than 25 local restaurants that will present their best creations on Feb. 15. The food fest will take place at the Eco’s Sports Park from 3 p.m. to 10 p.m., and with the purchase […]
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Analysis: ‘Lack of progress’ in getting P.R.’s economy back on track bodes badly for ’20
January 2, 2020
The lack of progress in getting Puerto Rico’s economy back on track does not bode well for what should happen in 2020, according to an analysis by H. Calero Consulting Group Inc. “The economy needs to grow soon, or the assumptions made in negotiating with bondholders may have to be revisited. Something everyone will want […]
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Op-Ed: Artificial Intelligence improving customer experience
January 2, 2020
Artificial intelligence is increasingly available to society, either directly or indirectly. It makes interaction processes between businesses and consumers easier every day, which is why customers are adapting so quickly to this new reality. AI technology is improving more each day and is being implemented successfully to offer experiences of the intelligent and informed customer. […]
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Aon to acquire digital insurance platform CoverWallet
January 2, 2020
Global professional services firm Aon plc announced it has entered into a definitive agreement to acquire CoverWallet, a digital insurance platform for small and medium-sized businesses. The acquisition provides Aon with additional access to the fast-growing, $200+ billion premium digital insurance market for small and medium-sized businesses, as well as the opportunity to leverage CoverWallet’s […]
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U.S. Census confirms P.R.’s population remained flat as of July ’19
December 31, 2019
Puerto Rico’s population increased by 340 people (0.0%) between 2018 and 2019 after several years of annual population decline, according to the U.S. Census Bureau’s national and state population estimates. The most recent annual population estimates for Puerto Rico confirmed the number of local residents at 3,193,694 as of July 1, 2019. This slight increase […]
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Nonprofits have potential to fully develop as companies using startup techniques
December 31, 2019
Nonprofit organizations have the potential to develop to the fullest, increasing their social contribution, if they incorporate successful and innovative business strategies that use startups, said Attorney Olvin Valentín, executive director of the Nonprofit Institute, which offers education in administrative and business skills to these types of organizations. “For too long, nonprofit organizations have been […]
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Op-Ed: Digital literacy, learn to make your business succeed
December 31, 2019
We are currently making unimaginable advances in this digital and technological era and one of the fastest growing sectors is online commerce. But it’s no use if we don’t take advantage of all this. Digital literacy is a fundamental part for all those small and medium entrepreneurs who are looking to start an online business […]
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$3M Sizzler restaurant opens in Bayamón, creates 190 jobs
December 31, 2019
Grupo Colón Gerena, operator of the Sizzler restaurant chain in Puerto Rico, recently completed a $3 million investment to open its newest location in Bayamón, Lizmarie Medina, vice president of marketing confirmed. The 7,000 square-foot restaurant generates 190 direct and indirect jobs and is the 14th location in Puerto Rico. It has a capacity for […]
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Sun West Mortgage offers 50 scholarships for mortgage originators
December 31, 2019
Sun West Mortgage Co. announced it will be granting 50 full scholarships for people interested in starting a career in mortgage banking, covering the cost of the course and the exam, and also guaranteeing a job at the bank to all those who pass the licensing exam. The 50 scholarships offered by Sun West include: […]
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P.R. Small inn owners: ’19 a year of ‘achievements, lessons, concerns’
December 30, 2019
The Puerto Rico Association of Small Inn Owners and Tourism, which groups about eight properties known as “paradores,” summarized 2019 as a year “full of achievements, learning and concerns,” while preparing to usher in 2020 with optimism. “We can summarize 2019 as a year of substantial adjustments. It was full of challenges in competitiveness, increases […]
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FEMA, COR3 assign $20.5M for 37 recovery projects in P.R.
December 30, 2019
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, have assigned more than $20.5 million in additional funds for 37 projects related to Puerto Rico’s recovery and reconstruction. These funds were obligated between Dec. 20-26, the agencies confirmed. “FEMA and COR3 continue to work together to develop strategies […]
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Op-Ed: This new year get your small biz off to a fresh start with SBA’s help
December 30, 2019
Do you often find yourself dreaming about becoming your own boss? Do you think you have the passion and skill set to join the other 30 million small business owners already living the American dream? If you answered yes to both questions, then perhaps 2020 is the year when you can take that plunge into […]
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P.R. Bankers Assoc. opens call for Financial Awareness Video Contest nominations
December 30, 2019
The Puerto Rico Bankers Association and the Federal Reserve Bank of New York announced the beginning of the voting period to select the winner of the “People’s Choice Award” for this year’s Puerto Rico Financial Awareness Video Contest. To participate in the selection, the public may go to the Association’s website and vote for their […]
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FEMA, COR3 assign $7.5M for 78 recovery projects
December 23, 2019
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, have obligated nearly $7.5 million in additional funds for 78 projects related to the recovery and reconstruction of Puerto Rico, the agencies announced. These funds were obligated from Dec. 13-19. Among the obligations are funds for architectural and engineering […]
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