Florida-based gourmet burger chain BurgerFi announced it will open six new stores across the island and create more than 200 jobs over the next five years. The six Puerto Rico locations will be owned and operated by franchisee Phillip Faigenblat, an entrepreneur who owns 14 Denny’s franchises in on the island. Faigenblat recognized the need […]
Puerto Rico’s Consumer Price Index remained virtually flat in May 2019, increasing 0.2% compared to April 2019, according to data released by the Puerto Rico Institute of Statistics. Meanwhile, from May 2018 to May 2019 the General Price Index increased by 0.5%, the data showed. Furthermore, the purchasing power of the consumer dollar dropped to […]
In the interest of promoting sustainable development of the fishing industry in Boquerón and providing a safe environment for fishermen, FirstBank has made a donation to the Asociación Pescadería Villa Palmeras Inc. fishing association to help complete the reconstruction of their pier, which was declared a total loss after Hurricanes Irma and María. The fishing […]
The Puerto Rico Manufacturers Association recently recognized Bayer Crop Science for its commitment to and achievement in safety at the Safety and Occupational Health Summit. The PRMA bestowed on Bayer two awards: The Safety Achievement Award and The Safety Best Practice/Continuous Improvement Award. The Safety Achievement Award “is granted to those companies with recordable injury […]
The government of Puerto Rico, the Central Office of Recovery, Reconstruction and Resilience, or COR3, and the Federal Emergency Management Agency have established a Consolidated Resource Center on the island to help move recovery forward, the federal agency announced. A Consolidated Resource Center, known as a CRC, was established on June 3 to streamline the […]
Facebook and online technology training school Platzi announced that 1,000 scholarships will be awarded to residents of Brazil and Spanish-speaking countries in Latin America to contribute to the region’s talent development and economic growth. The scholarships consist of a 21-week course at Platzi and the end of the course, participants will receive certification as front-end […]
Frozen yogurt franchise Yogen Früz has reopened its kiosk at the Galería Paseos shopping center in San Juan, investing some $75,000 in the operation. Since its arrival in 2008, Yogen Früz has stood out for offering a high-quality, tasty product “that’s nutritious and beneficial to health,” executives said in a release. At the new kiosk, […]
In the current business ecosystem, adopting digital transformation creates new and unforeseen risks for companies. Facing this reality, Aon plc, a company dedicated to professional services in risk management, retirement and health, emphasized the most significant risks that organizations may face at present and the importance of taking the appropriate cyber security measures. “Since 2015, […]
Without a doubt, you have heard innumerable times that Puerto Rico is “a mecca for engineering and surveying.” We derive a lot of pride from thinking that the best firms in the world “come to Puerto Rico to recruit” engineers and surveyors. Today I want to open our eyes to an undeniable reality that contrasts […]
The Society for Human Resources Management (SHRM-PR) and Community Financial Advisors have signed an agreement to support nonprofit organizations in the area of Human Resources. “In 2015, Community Financial Advisors instituted the University Financial Counseling internship, where accounting students provide services to Puerto Rico’s nonprofits with the support and guidance of a mentor CPA,” said […]
Female executives from all sectors and industries are eligible to be nominated for the “Shine Professional Women Awards,” which aim to highlight their work accomplishments and contributions to the community, said Lourdes Burgos, spokeswoman for the organizing committee. Burgos explained that the event is one of the Shine Professional Women’s initiatives, an entity created to […]
The Aurora Angel Network announced it has invested an undisclosed amount in local fashion tech startup Guilty, Puerto Rico’s first subscription-based fashion service. Leveraging the growing sharing economy ecosystem and a proprietary platform, Guilty allows its clients the ability to constantly refresh their wardrobe, pulling from hundreds of items in their own virtual closet for […]
Vireo Health International Inc., a physician-led, science-focused multi-state cannabis company, announced the acquisition of medical cannabis licenses in Puerto Rico. The acquisition is comprised of pre-approvals for licenses to cultivate, process, and sell cannabis products and operate up to six dispensaries. Vireo has leased a 40,000 square-foot former Pfizer facility in the Cruce Dávila Business […]
Gov. Ricardo Rosselló signed Senate Bill 840, which will establish the public policy for the so-called “sharing economy,” which is defined as the collaborative consumption where consumers rent goods and services among themselves. “This advanced law allows Puerto Rico to have a procedural framework to respond to the local sharing economy quickly, consistently and transparently,” […]
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