Agreement between town of Yauco, private sector to revive coffee production
September 6, 2019
A collaboration agreement between the municipality of Yauco, Gustos Coffee Foundation Inc. and Fincas Luis Roig Inc. Seeks to revive and promote the development of the coffee industry in the town’s mountainous area. Yauco Mayor Ángel Luis Torres-Ortiz said some 200 Yauco farmers will benefit from the agreement. “We signed the collaborative agreement with […]
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International Youth Leaders looking at P.R. for next summit
September 6, 2019
Puerto Rico has begun the process to host, for the first time, the International Youth Leaders Summit, which promises to be an exchange of experiences and learning among Puerto Ricans and foreign leaders, Secretary Economic Development and Commerce Manuel A. Laboy said. “We’re very excited about the event that will bring together more than 1,500 […]
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FCC circulating order to OK $950M to strengthen broadband in PR/USVI
September 5, 2019
Federal Communications Commission Chairman Ajit Pai circulated a draft Order to his fellow commissioners that would provide approximately $950 million in funding to “storm-harden, improve, and expand” broadband networks in Puerto Rico and the U.S. Virgin Islands, which were devastated by Hurricanes Irma and María in 2017. This is the second round of funding under […]
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Popular, MasterCard announce efforts to aid Bahamas post-hurricane
September 5, 2019
Following the devastating passage of Hurricane Dorian through the Bahamas, Popular and MasterCard unveiled separate effort to aid the island nation’s recovery efforts. Popular announced the start of the “Puerto Rico Abraza Bahamas” campaign to raise funds through a bank account (030142822) or through ATH Móvil, by selecting the option Donate to/FundacionBPPRBahamas. “The destruction caused […]
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Tourism expert: ‘There’s tremendous interest in learning about new Puerto Rico’
September 5, 2019
Although Puerto Rico’s image among travel advisors is weaker than that of the perception among consumers, there is a “tremendous amount of interest from travel advisors in learning more about the new Puerto Rico, thus presenting a major opportunity for the Island.” So said American Society of Travel Advisors CEO Zane Kerby, in Puerto Rico […]
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NY Fed to host community development finance workshop in P.R. on Sept. 12
September 5, 2019
The Federal Reserve Bank of New York, together with Local Initiatives Support Corporation, will host a Community Development Finance (CoDeFi) workshop on Sept. 12 in San Juan. The event comes as part of the New York Fed’s CoDeFi Progression Model, a framework designed to support and enhance the community development finance ecosystem in the Bank’s […]
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LEDC opens Mayagüez office dedicated to serving small businesses
September 5, 2019
The Latino Center for Economic Development (LEDC) announced that it opened a new office in Mayagüez, making it the only community development financial institution on the island’s west side. The office will work to strengthen and expand Puerto Rico’s business ecosystem and build resilience among local businesses, providing access to capital, officials said. “In LEDC […]
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P.R. Convention Center reports ‘record’ results for Fiscal 2019
September 4, 2019
The Puerto Rico Convention Center, operated by AEG Facilities, said Fiscal 2019, which ended June 30, was the “most successful year in its 14-year history,” with an increase in total attendance of 26% year-over-year. In all 644,000 visitors came through the Convention Center’s doors last year, representing the highest volume in comparison to the previous […]
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Parallel18, Google Developers Launchpad team up to support P.R.’s startup ecosystem
September 4, 2019
Startup accelerator parallel18 has amplified its resources network by joining Google Developers Launchpad’s select group of regional partners, it announced. The collaboration not only grants access to Google’s global network but also encourages sharing insights and best practices between startup ecosystem catalyzers from around the world, parallel18 officials said. Google Developers Launchpad is a branch […]
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Co.’s step up to aid hurricane-ravaged Bahamas, Red Cross receiving donations
September 4, 2019
A number of private companies announced the steps they will take to help the Bahamas, where a number of its islands were ravaged by Hurricane Dorian, leaving a trail of death and destruction. Evertec Inc. will donate $100,000 for hurricane relief efforts, said CEO Mac Schuessler. “Hurricane Dorian is a devastating natural disaster in the […]
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FirstBank grants financing to FS Perfumes, LLC for expansion
September 4, 2019
FirstBank’s Commercial Banking Department granted financing to FS Perfumes, LLC under the SBA 7A, Express, and 504 Programs to acquire and improve the 10,000+ square-foot commercial property in San Juan. The amount of the financing was undisclosed. “For us at FirstBank, it’s very important to support local businesses because of their significant contribution to Puerto […]
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Puerto Rico FastSigns team gets ‘Franchisee of the Year’ recognition
September 4, 2019
José Corujo, Juan A. Rivera, and Teresa Caballero, master franchisees and owners of all three FastSigns Puerto Rico locations, have been recognized by the International Franchise Association with its annual “Franchisee of the Year” award during the IFA’s recent Franchise Action Network annual meeting. The “Franchisee of the Year” award recognizes top performers from various […]
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Airbnb activates Open Homes program in P.R., USVI through Sept. 15
September 3, 2019
Airbnb has activated its Open Homes program to help displaced residents and relief workers deployed to the regions impacted by Hurricane Dorian. The Open Homes Program recruits hosts who are willing and able to provide their homes for free to displaced residents and disaster relief workers in the activation area including Puerto Rico and the […]
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New occupational health and safety system implemented in P.R.
September 3, 2019
With the goal of reducing the number of injuries, illnesses and prevent deaths in the workplace, the State Insurance Fund, the Department of Labor and Human Resources and the Puerto Rico Occupational Safety and Health Administration signed an agreement that, among other things, will help industries with a high incidence of injured employees and/or occupational […]
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Op-Ed: Puerto Rico’s choke-hold on Vieques commerce
September 3, 2019
Under the long-term, government enforced embargo, the shipment of goods and vehicles between Vieques and Isla Grande has been so constrained that our community is not economically viable. The extreme restriction of cargo services denies us the ability to live normal lives, start and run businesses, and grow the community as we see fit. What […]
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