Aurora Angel Network invests $210K in emerging tech start-up in P.R.
April 2, 2019
Aurora Angel Network, a group of angel investors created in January 2019, announced its first investment of $210,000 in Zomio Inc., a Puerto Rico-based security company that develops smart technology. Aurora is comprised by a group of executives and entrepreneurs whose mission is to invest in the growth of innovative and scalable start-ups to create […]
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JetBlue to sponsor annual ‘GreenUp’ campaign for the environment in P.R.
April 2, 2019
JetBlue launched its annual “GreenUp” campaign which highlights the airline’s commitment to local environments. In celebration of Earth Month, JetBlue seeks to help its customers to educate themselves, and join the airline in donating and volunteering with non-profits working to preserve natural spaces. In San Juan, JetBlue crewmembers will participate in a variety of events, […]
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Op-Ed: What is the new alternate basic tax for individuals?
April 2, 2019
This is the time of the year in which individuals receive financial information to prepare their individual income tax return. Understanding what changes were enacted through new legislation, and how each affects each particular situation, is not an easy task. Therefore, be aware of relevant changes applicable to tax years beginning after Dec. 31, 2018, […]
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Discover Puerto Rico campaign recognized nationally
April 2, 2019
#CoverTheProgress, an initiative to highlight Puerto Rico’s recovery after the passage of Hurricane María, is a finalist for various recognitions from communications and tourism organizations, including the Maximum Achievement for Reputation Management Award from SABRE North America, Discover Puerto Rico announced. The awards recognize the most outstanding work focused on programs and initiatives that have […]
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Economic Development Dept. officials promote P.R. in Germany
April 2, 2019
Department of Economic Development and Commerce Secretary Manuel A. Laboy Rivera is taking part in Hannover Messe 2019, an international event in Germany where he will promote Puerto Rico as an investment destination, through the opportunity zones in multiple sectors including research and technology development. “The purpose of the event is to promote investment in new […]
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New generation of creative businesses known as La Cepa 1.0 takes off
April 2, 2019
Sacred Heart University, through its “Nuestro Barrio: Santurce Cultural District Program” announced the 23 companies selected to participate in its training platform for the area’s creative businesses. This initiative is possible through the allocation of $400,000 the university received from the U.S. Economic Development Administration to support the acceleration of creative industries, college officials said. […]
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‘Starbucks Express,’ the specialty coffee company’s mobile unit, unveiled
April 1, 2019
Starbucks Puerto Rico unveiled its new “Starbucks Express,” mobile coffee shop concept — the first of its kind in Latin America and one of the few in the world, company executives said. Starbucks Express joins the 26 stores that the company has on the island. Weighing in at 16,000 pounds and measuring 32 feet long […]
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Op-Ed: PREPA’s 20-year plan conflicts, undermines long-term renewables goal
April 1, 2019
Last month, the Puerto Rico Electric Power Authority filed its long-anticipated integrated resource plan – a 20-year plan for the transformation of the island’s power generation system – with its regulator, the Puerto Rico Energy Bureau. In the plan, PREPA details various scenarios for the build-out of generation infrastructure and a five-year action plan of […]
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P.R. Institute of Statistics offers courses to improve data gathering skills
April 1, 2019
Looking to expand the statistical information on a number of topics and educate about statistics and tools available to manage and access them, the Puerto Rico Institute of Statistics is hosting a series of workshops and webinars. While the workshops requiring attendance target mainly government employees and representatives of non-governmental entities responsible for keeping statistics […]
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PRiMEX launches exports program with selection of 12 Puerto Rican co.’s
April 1, 2019
Twelve companies were selected to participate in a new export program launched by the Puerto Rico Manufacturing Extension Inc. As part of the program each participant will receive 60 hours of free training, coaching and educational materials with which entrepreneurs can create their export plan and implement them with PRiMEX’s support. The main objective of […]
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HUD’s Inspector General auditing part of the disaster funds for P.R.
March 29, 2019
By Jeniffer Wiscovitch-PadillaCenter for Investigative Journalism The U.S. Department of Housing and Urban Development’s Office of the Inspector General (HUD’s OIG) confirmed it is auditing the Community Development Block Grant–Disaster Recovery (CDBG–DR) Program funds granted to Puerto Rico after Hurricanes Irma and María. HUD Spokesman Darryl Madden told the Center for Investigative Journalism (CPI, for […]
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Tres Monjitas pumps $1.8M into Mayagüez distribution center
March 29, 2019
Vaquería Tres Monjitas inaugurated a new distribution center in Mayagüez, in which it invested $1.8 million to expand its operation in the western area and supply the regions’ market quicker and more efficiently, company officials said. The new 20,000 square-foot facility, including 8,000 square feet of refrigerated space, has the capacity to store 500 tons […]
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Walmart launches private brand of sangria produced by local supplier
March 29, 2019
Walmart Puerto Rico announced the launch of Rumgria “The Best of Both Worlds,” its private label sangria manufactured by local company R ‘Brothers, LLC, creator of the Sangría artisanal Los Hermanos. In making the announcement, Viviana Mercado, senior manager of corporate affairs at Walmart Puerto Rico, said with Rumgría, “the company continues to expand the […]
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USDA to grant up to $300K for innovative conservation projects in P.R./USVI
March 29, 2019
The U.S. Department of Agriculture’s Natural Resources Conservation Service is making $300,000 available in 2019 Caribbean Area Conservation Innovation Grants (CIG) to stimulate the development and adoption of innovative conservation approaches and technologies in the Caribbean Area. Applications are requested from eligible government agencies, non-governmental organizations or individuals in Puerto Rico and the U.S. Virgin Islands […]
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OFG Bancorp’s ’18 digital annual report available online
March 29, 2019
OFG Bancorp announced that its 2018 digital annual report is now available online. Designed for viewing on all platforms, it features a video letter to shareholders by OFG Bancorp President José Rafael Fernández. It also includes animated and downloadable summaries of 2018 financial highlights and service innovations, and PDFs of its “wrap 10-K” print annual […]
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