FEMA, COR3 assign $5.4M for 44 recovery projects in P.R.
December 18, 2019
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, have obligated more than $5.4 million in additional funds for 44 recovery and reconstruction projects in Puerto Rico. The funds were obligated on Dec. 5-12. FEMA and COR3 continue to work together to develop strategies that advance recovery projects. […]
chat_bubble0 Comment
visibility1970 Views
P.R.’s economic activity index shows slight growth
December 18, 2019
The Puerto Rico Economic Development Bank’s Economic Activity index reached 121.6 in October 2019, a 0.4% increase compared to October 2018, the first positive growth after four year- over-year consecutive declines, and a 0.3% rise when compared to September 2019. The annual comparison is with respect to October 2018, when electricity was restored to those […]
chat_bubble0 Comment
visibility1957 Views
$1.6M Growponics hydroponic nursery opens in Isabela
December 18, 2019
The Puerto Rico Techno Economic Corridor inaugurated Growponics, a high-technology hydroponic nursery in Isabela following an investment of more than $1.6 million in its first phase, and creating eight direct jobs. The project, designed for planting and harvesting green vegetables, is part of the Finca Explora ecosystem, the island’s first agro-technological incubator located in the […]
chat_bubble1 Comment
visibility3701 Views
Op-Ed: Planning ahead for a successful holiday sales season
December 18, 2019
The year-end shopping season has begun for online retailers and if they did not prepare their strategies for the high season on time, they run the risk of losing out to the competition. Next are some of my recommendations that can help online businesses have a successful selling season. Excellent customer service Retailers should take […]
chat_bubble0 Comment
visibility1787 Views
Public Housing Administration inaugurates Technology Education Centers
December 18, 2019
With an investment of $ 52,600, Public Housing Administrator William Rodríguez announced the inauguration of two Technology Education Centers in the El Coral and Loma Alta public housing projects in Carolina. The investment is covered with funds from the U.S. Department of Housing and Urban Development and is part of the plan established by the […]
chat_bubble0 Comment
visibility1665 Views
OFG gets regulatory approval to pick up Scotiabank’s USVI operations
December 17, 2019
OFG Bancorp announced it has received final regulatory approval and related licenses from the U.S. Virgin Islands Banking Board required for its subsidiary, Oriental Bank, to close the previously announced acquisition of Scotiabank’s USVI operations. The approval comes less than a week after the financial institution announced it had received the OK from the Board […]
chat_bubble0 Comment
visibility1975 Views
Banco Popular scouting for artificial intelligence experts
December 17, 2019
Banco Popular de Puerto Rico is looking for artificial intelligence (AI) experts to optimize the bank’s operations, services and products, using this technology as a guide to create innovative solutions, it announced. In recent years, this talent — which comes from on universities in Puerto Rico and the U.S. mainland such as: the University of […]
chat_bubble0 Comment
visibility2356 Views
GenTrust to open investment advisory office in San Juan
December 16, 2019
Miami-based registered investment advisory firm GenTrust will open an office in San Juan, to carry out its fiduciary duty to its clients, company officials announced. According to a report published by CityWire, GenTrust handles some $400 million in assets for clients based in Puerto Rico. “Our team has more than two decades of experience servicing […]
chat_bubble0 Comment
visibility2821 Views
Hecho en Puerto Rico launches mobile app to ease holiday shopping
December 16, 2019
“Hecho en Puerto Rico: La Tienda,” located on the third level of Plaza Las Américas, unveiled its new mobile app, called Tupyx, which will allow users to order, deliver or pick-up their purchases at the store. “This is an example of how technology can attract customers to “Hecho en Puerto Rico: La Tienda,” and at […]
chat_bubble1 Comment
visibility2786 Views
Op-Ed: Millennials, Gen Xers and Boomers can avoid holiday debt
December 16, 2019
What do Millennials, Gen Xers and Baby Boomers have in common? Not much, except that they all rack up debt this time of year. With each generation having its unique financial issues, Consolidated Credit is offering specific advice. Consolidated Credit analyzed four years of debt management program data and found that Millennial enrollments are at an […]
chat_bubble0 Comment
visibility1984 Views
Puerto Rican brewery Cervecería Zurc launches 1st canned beer
December 16, 2019
Puerto Rican brewery Zurc launched its first canned beer named Sweet Caroline, a German-style brew that considers the taste of local consumers. Juan Carlos Rivera-Cruz opened the Zurc facilities two years ago in Coamo. Initially the production was originally focused on craft beers in draft. “I’m very excited to be able to present our Zurc […]
chat_bubble0 Comment
visibility2457 Views
Grupo Guayacán awards $200K to new group of entrepreneurs
December 13, 2019
Some 20 entrepreneurs were honored last night during Grupo Guayacán Inc.’s year-end event. The business training organization awarded more than $200,000 in seed capital prizes to foster the development of a group of 17 emerging companies. As part of the awards ceremony held at the Puerto Rico Museum of Art, the winners of the 14th […]
chat_bubble0 Comment
visibility1829 Views
P.R. Tourism Co. launches holiday campaign to boost hotel stays by $19.8M
December 13, 2019
Under the slogan “The party stays here this Christmas,” the Puerto Rico Tourism Co. launched its new advertising effort that seeks to boost local hotel room reservations during the holiday season. An increase of 9,000 hotel room reservations would represent an additional $19 million in revenue for hotels and another $1.8 million in room tax […]
chat_bubble0 Comment
visibility1850 Views
Science Trust, UPR Medical Sciences Campus mark ‘Tech Transfer Recognition Week’
December 13, 2019
As part of its mission to position Puerto Rico as an Innovation Hub, the Puerto Rico Science Technology and Research Trust Technology Transfer Office is celebrating — along with the University of Puerto Rico’s Medical Sciences Campus — the “Technology Transfer Recognition Week” to highlight the incredible potential of this tech transfer process as an […]
chat_bubble0 Comment
visibility1767 Views
Prices for this year’s ’12 Days of Christmas’ gifts ring up at $38K
December 13, 2019
The PNC Christmas Price Index predicts “true loves” will find all is calm when putting the gifts under the tree this holiday shopping season. To purchase the gifts included in the classic holiday song “The 12 Days of Christmas,” it will cost just 0.2% more than it did in 2018, according to the 36th annual […]
chat_bubble0 Comment
visibility1969 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA