$4M Barullo restaurant to open in El Distrito complex in Miramar
October 2, 2019
Barullo Restaurant, a $4 million culinary proposal to celebrate Puerto Rico’s Spanish heritage, will open the first quarter of 2020 at the El Distrito entertainment complex under construction at the Puerto Rico Convention District area in Miramar. The restaurant will be located on the first floor of El Distrito and will feature 6,000 square feet […]
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Op-Ed: ALPA ‘on wrong side of history’ by opposing development of air hub in P.R.
October 2, 2019
The Airline Pilots Association’s opposition to the Puerto Rico Department of Transportation’s petition will not only hurt Puerto Rico’s economic recovery and sustainability, but also the U.S. economy, aviation industry, and geopolitics interests. Just because Puerto Rico may acquire DOT transfer rights like Alaska, Guam or Marinas Island does not mean that this will negate […]
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Rock Solid, Kinesis Foundation join forces to recognize UPR student talent
October 2, 2019
Rock Solid Technologies Inc. and the Kinesis Foundation are coming together in partnership to oversee the 18th annual Rock Solid Scholarship cycle, which recognizes the academic achievements of University of Puerto Rico students. Five students were awarded the Rock Solid Scholarship last week, consisting of a $3,000 prize to cover a year of study at […]
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P.R. manufacturing Purchasing Managers Index rose to 46.0 in August
October 2, 2019
The Purchasing Managers Index (PMI) for Puerto Rico’s manufacturing sector edged up to 46.0 in August but remained below the threshold level for the fifth consecutive month. A reading below the threshold level suggests a contraction in the manufacturing sector with respect to the previous month. The index has been at or above the threshold […]
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3rd McConnell Valdés/Antonio Escudero-Viera Scholarship awarded
October 1, 2019
The McConnell Valdés/Antonio Escudero-Viera Scholarship Program awarded its third scholarship to Gerardo G. Cintrón-Rosario, a second-year University of Puerto Rico Law School student. He is a full-time student who is also pursuing a master’s degree from the UPR’s School of Public Administration. He is also the executive director of the school’s Business Law Journal. Like […]
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P.R.’s Parallel18 among winners of SBA’s Growth Accelerator Fund Competition
October 1, 2019
San Juan-based accelerator Parallel18 has been chosen among the 60 winners of U.S. Small Business Administration’s Growth Accelerator Fund Competition, to receive $50,000 each to support startups and entrepreneurs researching and developing STEM-related innovations. The combined $3 million will support development focused on a broad set of industries and sectors, SBA Acting Administrator Chris Pilkerton […]
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FCC approves $950M to improve broadband in P.R./USVI
September 27, 2019
https://media.blubrry.com/dollarsandsensenewsismybusines/newsismybusiness.com/wp-content/uploads/2019/09/NIMB-Podcast-AJIT-PAI-FCC_mixdown.mp3Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | RSSFor additional details about the FCC’s decision, check out our exclusive interview with Ajit Pai in the latest episode of our “Dollars and Sense” podcast series. Just click on the link to the audio above! The Federal Communications Commission approved $950 million in funding to […]
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P.R.’s net migration reached some 113K people in ’18, according to Census
September 27, 2019
During calendar year 2018, it was estimated that about 113,000 people migrated to other jurisdictions in the United States, in net terms, according to the latest data from the American Community Survey released by the U.S. Census Bureau. Migration from Puerto Rico to the mainland United States increased by 36.9% between 2017 and 2018, […]
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42 startups chosen for Parallel18’s 7th int’l cohort
September 27, 2019
International startup accelerator parallel18 has selected 42 startups for its seventh international cohort that starts Nov. 6th. The startups are bringing innovative solutions in industries such as education, fintech, biotechnology, SaaS, energy, environment, cleantech, computer software, food technology, advertising, tourism, fitness, e-commerce, agriculture and media. The selected companies come from 10 different countries of which […]
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Discover P.R. reports growth metrics to Oversight Board
September 27, 2019
A 55% increase in tourist demand compared to last year, a 14% increase in airport arrivals vs. 2018, a 11.8% increase in lodging revenues vs. 2017, a secured economic impact of $92 million in meetings and conventions bookings, were some of the highlights presented by Destination Marketing Organization Discover Puerto Rico to the Puerto Rico […]
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CooPACA, alchavo.com partner to offer payroll service automation
September 27, 2019
Credit union CooPACA has partnered with payroll processing firm alchavo.com to offer fully automated services payroll processing to customers, CooPACA CEO William Méndez-Pagán announced. “Through this alliance, we became the first credit union in facilitating access to a robust cloud-based technology platform that automates payroll processing. Our customers have requested this service and we have […]
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Littler law firm introduces tool to help employers assess risk
September 27, 2019
Employment and labor law practice firm Littler announced the expansion of the Littler Pay Equity Assessment tool into the Puerto Rico market. The service analyzes compensation data and helps employers assess risk and proactively identify solutions to address the needs of Puerto Rico employers. It will also aid in compliance with local guidelines governing equal pay […]
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P.R. Community Foundation launches campaign focusing on hope
September 27, 2019
Focusing on the work achieved two years after Hurricane María, the Puerto Rico Community Foundation launched the “Hope lives in our communities” institutional campaign that highlights nonprofit’s efforts to provide access to drinking water, renewable energy, housing, economic development and education, among other areas. The campaign emphasizes that for 34 years, the island’s only community […]
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Ponce Health Sciences University lands $22M grant for disease research
September 26, 2019
The National Institutes of Health’s Institute of Minority Health and Health Disparities has renewed a $22 million grant to the Ponce Health Sciences University (PHSU) to be used over the next five years. Funding through the Research Centers in Minority Institutions Program (RCMI) has enabled PHSU to establish and develop an advanced investigation infrastructure, university […]
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SBA awards $300K to Puerto Rico Trade and Export
September 26, 2019
The U.S. Small Business Administration has awarded $300,000 to the Puerto Rico Trade and Export Company in competitive State Trade Expansion Program funding, “Through the STEP program, we are making additional resources available to Puerto Rico’s small businesses so that they may thrive in the global marketplace and further promote job creation,” said SBA District Director […]
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