Tech transfer key to innovation, opportunities for P.R.’s business sector
November 6, 2019
Global competition is exceedingly moving companies that want to continue developing need to improve and diversify their product and service offerings. To achieve that, it makes sense to invest time and effort to stay current. Such were some of the conclusions of a roundtable headed by the Puerto Rico Science, Technology and Research Trust, the […]
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P.R. could quadruple labor productivity, boost GDP to 3.8% through AI adoption
November 6, 2019
Puerto Rico’s economy could “greatly benefit” at the structural level with the opportunities brought by technologies such as the cloud or artificial intelligence, which could boost its GDP to 3.8% in the next decade, according to a study presented by Microsoft Corp. “The impact of AI on the Puerto Rico labor market” is a study […]
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Supermercados Amigo pumps $7.8M to improve shopping experience at its 12 stores
November 6, 2019
Supermercados Amigo announced it invested $7.8 million in the remodeling of its 12 stores islandwide to improve the shopping experience through innovation. As part of the renovation, stores have new paint and signage on the outside and inside, as well as a mini deli area, refrigerators with fresh-cut fruits and a greater variety and quantity […]
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New Denny’s restaurant opens in Guaynabo, Santa Isabel is next
November 6, 2019
Family casual dining restaurant chain Denny’s announced the opening of its 15th location in Puerto Rico, in Guaynabo, and plans to open another establishment in Salinas next year, at a combined investment of $3 million. Marpor Corporation, the local franchisee and operator of Denny’s restaurants in Puerto Rico, said the new restaurant in Guaynabo is […]
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Plaza Palma Real mall in Humacao reopens after $20M renovation
November 6, 2019
Plaza Palma Real in Humacao is marking its 25th anniversary with the unveiling of a $20 million renovation to its facilities, which were significantly damaged by Hurricanes Irma and María in September 2017, owners Retail Value Inc. confirmed. The mall expects to have some 50 tenants in operation before the end of 2020, mall executives […]
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Ferries del Caribe to build new $15M passenger, cargo terminal in SJ
November 5, 2019
Maritime transportation company Ferries del Caribe, which connects Puerto Rico and the Dominican Republic, confirmed its plants to build a new 50,000 square-foot terminal at Pier 15 in San Juan, owned by the Puerto Rico Ports Authority. The two parties signed a development agreement through which Ferries del Caribe will build out the $15 million […]
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PathStone marks 50 years transforming lives; Names P.R. native as CEO
November 5, 2019
Following 50 years of socio-economic contribution in the U.S. mainland and 20 in Puerto Rico, nonprofit PathStone Corp. is celebrating its track record of developing family and individual self-sufficiency by strengthening rural and urban communities. The organization has also appointed Puerto Rican Alex Castro, as CEO of the organization, promoting him from his current position […]
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Vigotsky Bilingual Academy launches Ricoh’s STEAM educational program
November 5, 2019
The Vigostky Bilingual Academy in Barceloneta implemented this semester Ricoh’s STEAM educational program, accessible to all students from kindergarten to eighth grade, school director Eliezer Morales said. Faithful believer that dreaming big is the seed that will pay off in his professional careers, Morales found in Ricoh’s program the tools to sow — and cultivate […]
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Oriental grants $1.5M loan for new multi-use complex
November 4, 2019
As part of its commitment to small- and medium-sized business, Oriental confirmed it has granted a $1.5 million loan Eventiu Corp. for the development of the SportLand Center multipurpose complex. SportLand Center will be the first and only indoor multi-purpose sports complex with air conditioning in Puerto Rico, company officials said. It will feature four […]
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Committee on Collaborative Economics meets for 1st time to discuss sector issues
November 4, 2019
The Committee on Collaborative Economics met recently to discuss pressing issues that will give continuity to the work underway to create a procedural framework that enhances the development of this economic sector quickly, consistently and in a transparent manner, Economic Development and Commerce Secretary Manuel Laboy announced. “It is expected that by 2025 the collaborative […]
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Op-Ed: Rooftop solar, batteries can lead the way to building a resilient P.R.
November 4, 2019
Two years after Hurricanes Irma and María changed all of our lives, we are just starting to turn the corner. Puerto Rico adopted legislation earlier this year that enshrines a 100% renewable energy future for the island and provides a strong foundation for building a new, more resilient and just economy for all. It is […]
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P.R. manufacturing index drops to 43.8 in Sept., suggesting sector contraction
November 4, 2019
The Purchasing Managers Index for Puerto Rico’s manufacturing sector decreased to 43.8 in September but remained below the threshold level for the sixth consecutive month. A Puerto Rico Manufacturing-Purchasing Managers Index (PRM-PMI) reading below the threshold level suggests a contraction in the manufacturing sector with respect to the previous month. The New Orders and Employment […]
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McDonald’s supports employees through “Starting Point” initiative with INprende
November 4, 2019
McDonald’s Puerto Rico recently held the first year of “Starting Point” program that encourages personal and professional growth its restaurant employees. Through educational workshops facilitated by entrepreneurial entity INprende, employees from several parts of the island were able to access tools to develop their ideas or personal and professional projects. As a second phase of […]
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Bravo Family Foundation opens call for Rising Entrepreneurs Program
November 1, 2019
The Bravo Family Foundation — a philanthropic entity founded by Puerto Rican businessman Orlando Bravo — announced an open call for its Rising Entrepreneurs Program, one of the foundation’s key initiatives, that promotes entrepreneurship among Puerto Rican youth. Those interested in participating must fill the online application no later than Friday, Dec. 6, 2019. “This […]
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Passenger traffic at Aguadilla airport moving at brisk pace
November 1, 2019
The Rafael Hernández Airport in Aguadilla registered a record number of passengers through. October, beating the total number of arrivals during the 12 months of 2018, Puerto Rico Tourism Company Executive Director Carla Campos said. So far, 617,000 passengers have arrived at this northwest airport, exceeding the 608,000 reached during the full year 2018, without […]
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