Condé Nast Traveler names P.R. #1 Caribbean island
October 9, 2019
Travel industry magazine Condé Nast Traveler announced the results of its annual Reader’s Choice Awards, and Puerto Rico was recognized as the #1 Caribbean Island on the list of “Top 5 Islands in the Caribbean & the Atlantic” for 2019. “Puerto Rico’s tourism continues to thrive in full force with revenue and passenger arrivals at […]
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3A Press expands printing operation in Lajas following $7M investment
October 9, 2019
3A Press, a printing operation that supplies the pharmaceutical and medical devices industries, has expanded its operation in the town of Lajas, following a $7 million investment in equipment and machinery. During a tour of the facility, Department of Economic Development and Commerce Secretary Manuel A. Laboy, lauded the move of the company he described […]
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FirstBank CEO Alemán to preside P.R. Bankers Association
October 9, 2019
The Puerto Rico Bankers Association announced the election of FirstBank CEO Aurelio Alemán as its new president, effective Oct. 1. PRBA Executive Vice President Zoimé Álvarez-Rubio said other board positions were also filled — Guillermo Gómez, president of Citi and José Rafael Fernández, president of Oriental Bank, were elected as vice president and treasurer, respectively. […]
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Rural Development awards $249K to P.R. Community Foundation
October 9, 2019
The Puerto Rico Community Foundation will promote economic development and entrepreneurship in Puerto Rico’s southwestern and eastern areas after receiving a grant of $249,604 from the U.S. Department of Agriculture’s Rural Development program, the entities announced. The Foundation will match the award dollar-for-dollar to implement the Recovery Program-Rural Community Development Initiative for Puerto Rico, the […]
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First Attack ’19: World E-sports summit comes to P.R. Oct. 26-27
October 9, 2019
First Attack 2019, considered the most important e-sports competition in Latin America, will take place at the Puerto Rico Convention Center Oct. 26-27, expecting to attract gamers and fans from all over the world and pump some $1.7 million into the island’s economy, organizers said. First Attack includes the final regional final of the Capcom […]
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Gov’t creates single regulation to dispose of abandoned properties
October 9, 2019
The government’s Real Estate Evaluation and Disposal Committee (CEDBI for its initials in Spanish) has published the single regulation for the evaluation and Disposal of Real property, Omar Marrero, who chairs the committee, announced. Marrero, who is also executive director of the Fiscal Agency and Financial Advisory Authority (AAFAF, for its initials in Spanish), said […]
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Popular and Visa launch ‘contactless’ payment technology in P.R.
October 8, 2019
Banco Popular and Visa announced the debut in Puerto Rico of contactless payment technology for their Visa credit card portfolio. As of today, all Popular Visa credit cards, newly issued or replaced, will feature this new proximity payment technology, which meets all the same security standards as traditional chip cards, including that each transaction is […]
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CNE develops platform to examine post-hurricane economic growth
October 8, 2019
Two years after Hurricane María battered Puerto Rico, local think tank Center for a New Economy has developed an innovative digital platform to help examine Puerto Rico’s economic growth after the storm. The new Federal Post-María Contracting Monitoring Dashboard gives reporters, academics, organizations, and individuals the ability to easily access all available data relating to […]
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DMO joins efforts with golf industry to promote its local development
October 8, 2019
To continue promoting golf as a tourist attraction on the Island, Discover Puerto Rico, the island’s destination marketing organization, met with golf industry representatives to join forces and attract more visitors to Puerto Rico. Discover Puerto Rico made its promotional platforms available to the industry to promote each of the 17 golf courses on the […]
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Puerto Rico Emprende organizes trade missions to Mexico, Colombia
October 8, 2019
Seeking to promote a more active commercial exchange and identify new investment opportunities between Puerto Rico and other Latin American markets, Puerto Rico Trade and Export will host a pair of commercial missions to Mexico and Colombia in November and December. “Through the Puerto Rico Emprende platform, we have taken on the task of increasing […]
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Aon study identifies economic slowdown as key challenge to companies
October 7, 2019
Ten years after the last recession, economic slowdown has re-emerged as the top risk facing organizations globally, according to the results of Aon’s “2019 Global Risk Management Survey,” created by the professional services company . The resurgence of this concern is connected to accelerated rates of change in market factors, globalization and geopolitical uncertainty, the […]
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Op-Ed: The advantages of B2B e-commerce
October 7, 2019
Digitization is not only changing the way companies sell their products and services to customers, but also how companies sell to other companies. So, we face a new panorama in the world of business-to-business or B2B. Today, like all of us, commercial buyers need to only do a search on Amazon, to easily find all […]
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Boots to Business program reaches 100K participant milestone
October 7, 2019
The U.S. Small Business Administration announced that more than 100,000 current and aspiring veteran business owners have participated in the Boots to Business training course since the program began in January 2013. The Boots to Business program provides entrepreneurial education and training to transitioning service members, veterans and military spouses (including members of the National […]
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Economic Development & Commerce hosts seminar on exporting to DomRep
October 7, 2019
As part of its strategy to promote exports of local products and services, the Department of Economic Development and Commerce will host the “Seminar Export to the Dominican Republic,” a free event on Oct. 16. The workshop will be held at the agency’s Roosevelt Ave. headquarters in Hato Rey, starting at 9 a.m. “With the […]
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EPA awards $6M of $40M grant for P.R.’s Solid Waste Management Plan
October 4, 2019
As part of its continuing efforts to help the Caribbean recover from the long-term impacts from Hurricanes Irma and María, the U.S. Environmental Protection Agency is awarding a $6.2 million to the Puerto Rico Department of Natural and Environmental Resources as the first installment of a $40 million grant for hazardous and solid waste management […]
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