Op-Ed: How new social media trends can boost your business
May 20, 2019
No one can argue that living in the technology era has made life much easier. Sometimes all our problems are solved simply by opening an app and clicking on a button. Although our relationship with technology is becoming closer and closer, we also see consumers´ desire to establish trust relationships with brands, especially those that […]
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FirstBank grants $2M in CAPLine financing to Kandor Manufacturing
May 20, 2019
In the next few months, Kandor Manufacturing will increase its staff with 225 new jobs based in Arecibo, after receiving a $2 million line of credit from FirstBank. Kandor, a Puerto Rican company specializing in the manufacture of uniforms and military supplies, recently received the third line of credit issued on the island under the […]
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Causa Local brings access to capital closer to startups
May 20, 2019
Nonprofit organization Causa Local Founder Ana María Cintrón talks about the mission to provide alternative access to capital for small and medium businesses in Puerto Rico. Through crowdfunding and loans, local operations like Molcajete Foods are able to get their businesses off the ground, says Roberto Rivera, one of the three founding brothers of the […]
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Bravo commits $100M to Bravo Family Foundation to continue helping P.R.
May 17, 2019
Orlando Bravo, managing partner of private equity firm Thoma Bravo and founder of the Bravo Family Foundation, announced he will personally contribute $100 million to his foundation to promote entrepreneurship and economic development in Puerto Rico, where Bravo was raised, and his family still lives. Bravo will leverage his financial resources and professional relationships — […]
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CAMBIO, IEEFA sue to get PREPA to release public documents and data
May 17, 2019
The Institute for Energy Economics and Financial Analysis and CAMBIO, a Puerto Rico-based environmental nonprofit organization, filed a mandamus action in San Juan Superior Court to obtain information about the Puerto Rico Electric Power Authority’s system and ongoing privatization process. “Very little information has been provided about the underlying studies or plans related to the […]
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USDA to assign $5.4M to 5 rural projects in P.R.
May 17, 2019
The U.S. Department of Agriculture is investing $68 million to build or improve community facilities and essential services for nearly 715,000 rural residents in 13 states and Puerto Rico. On the island, five proposals were selected for a total investment of $5.4 million, said USDA Rural Development State Director for Puerto Rico, Josué E. Rivera. […]
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CPI heads group that sues U.S. Treasury for info on Oversight Board members
May 16, 2019
A lawsuit was filed in the New York District Court to demand information about the files related to the process of appointing the members of the Oversight Board, specifically the documents related to ethical conflicts and the financial disclosures that were required, the Center for Investigative Journalism (CPI) announced. The lawsuit — which also seeks […]
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Legal group predicts avalanche of foreclosures in P.R. this year
May 16, 2019
Mortgage foreclosures in Puerto Rico are at critical levels, with great repercussions for Puerto Rican society, contrary to the panorama official figures paint, accordig to an analysis from nonprofit organization Legal Help Puerto Rico. Ariadna Godreau-Aubert, executive director of the non-profit organization, explained that “the crisis does not affect all people alike. People suffer as […]
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Caribe Hilton reopens iconic property in San Juan after 20-month hiatus
May 16, 2019
Park Hotels & Resorts Inc. announced that the Caribe Hilton in San Juan reopened today following a $150 million restoration. The 652-room resort was impaired for 20 months after sustaining significant damage from Hurricane María in September 2017. “We’re thrilled to re-introduce the iconic Caribe Hilton to guests and locals alike,” said Thomas J. Baltimore, […]
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Special Police Force Corp. owner liable for nearly $325K in labor violations
May 16, 2019
The U.S. District Court for the District of Puerto Rico has found Special Police Force Corp. — a security company based in Bayamon — and its owner Héctor Rivera-Ortiz liable for violations of the minimum wage, overtime, and recordkeeping requirements of the Fair Labor Standards Act (FLSA). Following a four-day trial, the court ordered Rivera […]
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New permit regulations limit power of P.R.’s autonomous municipalities
May 15, 2019
By Jeniffer Wiscovitch and Angélica Serrano-RománCenter for Investigative Journalism The new permit regulations approved by Gov. Ricardo Rosselló, which repeals municipal regulations, could be a new minefield between the executive and the mayors, since it seeks to override the Autonomous Municipalities Law. This, despite the fact that the Permit Reform Act of 2009, under which […]
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P.R. small, mid-sized retailers experience 10% Y-O-Y sales increase in March
May 15, 2019
Puerto Rico’s small and mid-sized retailers showed a 10% year-over-year growth in March 2019, when totals exceeded $1.1 billion in sales, vs. $1.06 billion in the same month of 2018. According to data shared by Puerto Rico Trade and Export, the month’s $110 million increase maintained a month-to-month growth trend. In February, the sector reported […]
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Hundreds of students participate in 1st edition of ‘Lemonade Day’ P.R.
May 15, 2019
Hundreds of young entrepreneurs island wide had their first experience creating and operating a business on May 4 during Puerto Rico’s first “Lemonade Day.” More than 750 kids ranging from preschool to high school, signed-up to participate in “Lemonade Day Puerto Rico,” an initiative hosted by the Center for Economic Renewal, Growth and Excellence (CRECE, […]
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Foundation for P.R. speaks of reconstruction effort in summit in Colombia
May 15, 2019
Foundation for Puerto Rico President Annie Mayol joined Nate Mook, executive director of World Central Kitchen and Kevin Thurm, CEO of the Clinton Foundation for the panel on “Building back stronger: Disaster response & preparedness in the Caribbean” during The Concordia Americas Summit in Bogotá, Colombia. During this session, Mayol presented the importance of multisectoral […]
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Lopito, Ileana & Howie wins New York Film Festival ’19 award
May 15, 2019
Advertising agency Lopito, Ileana and Howie competed against global advertising agencies and won first place in the New York Film Festival 2019 competition, the agency announced. The agency won in the Film Craft category with the “We Have to Talk” campaign for client Queerfest and was finalist in the Branded Content/Entertainment category with the “Food […]
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