inCruises International expands footprint by moving headquarters to P.R.
April 23, 2019
Cruise membership club company inCruises International announced its expansion into Puerto Rico, company officials confirmed. “We’re extremely pleased with our move to Puerto Rico, and we anticipate continued strong growth locally and with participation from all over the world,” said inCruises President Frank Codina. “inCruises business has seen incredible growth over the past three+ years […]
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Trailer Bridge, ATS Int’l golf tourney benefits Habitat for Humanity P.R.
April 23, 2019
Trailer Bridge Inc., in partnership with Anderson Trucking Service Inc. (ATS), announced the charitable results of “Build 2019” presented by Rally por Puerto Rico, its inaugural charity golf tournament of customers, partners and local business leaders, held at the TPC Dorado Beach East Course. The one-day event was designed to maximize corporate giving and as […]
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SBA to host free workshops in P.R. to support federal contracting for disadvantaged small biz
April 23, 2019
The U.S. Small Business Administration Puerto Rico and U.S. Virgin Islands district office will conduct a series of workshops in San Juan over the next few months as part of its 7(j) Management and Technical Assistance program, to support socially and economically disadvantaged small businesses in their efforts to obtain federal contracts. “The SBA is […]
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Pep Boys ‘Tech of the Year’ winners include Caguas staff member
April 23, 2019
Pep Boys, an Icahn Automotive Group company, announced the winners of its annual Pep Boys ‘Tech of the Year’ award, which includes technician Alexis González-Rosario from Caguas. The company recognized its top-performing automotive service technicians in each business region based on performance and customer service metrics from the prior year. The Pep Boys “Technician of […]
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Newmark Knight Frank secures $30M loan to refinance Sheraton Old San Juan
April 22, 2019
On behalf of Tishman, Newmark Knight Frank has arranged a $30 million floating-rate loan from Banco Popular for the refinancing of the Sheraton Old San Juan on behalf of its client Tishman, the companies announced. Tishman has been operating the nine-story, 240-room, hotel and retail property since 2004 and acquired the property in 2015. The […]
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Op-Ed: PREPA privatization will not create competitive market, will lead to more dysfunction
April 22, 2019
Creating a competitive free market for electricity in Puerto Rico was a recurring theme of the U.S. House Natural Resources Committee hearing held April 9th on the rebuilding and privatization of the Puerto Rico Electric Power Authority (PREPA). But the discussion of what a competitive electricity market would look like remained vague, along with details […]
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SBA’s Emerging Leaders program kicks off in San Juan, Ponce
April 22, 2019
The U.S. Small Business Administration (SBA) Puerto and U.S. Virgin Islands district office has begun the 2019 Emerging Leaders training series with its fifth cycle in San Juan and, for the first time, in Ponce. “The expansion of SBA’s Emerging Leaders program to new locations every year has made this invaluable training series accessible to […]
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P.R. Tourism Co. opens restored info centers in Vieques, Culebra
April 18, 2019
In time for the busy Holy Week and Spring break holidays, the Puerto Rico Tourism Co. offered details about the reconstruction of its information centers in Vieques and Culebra, at a combined cost of $52,000. Tourism Co. Executive Director Carla Campos also announced planned activities “for the enjoyment and benefit of both residents and visitors of […]
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Vaquería Tres Monjitas invests $7.5M to produce world’s 1st long-lasting fresh milk
April 17, 2019
Dairy plant Vaquería Tres Monjitas announced a $7.5 million investment in its operations to launch a new fresh milk product that will have a shelf life of more than 30 days. In doing so, it will become the first dairy producer in the world to use cutting-edge technology to extend the life of a highly-perishable […]
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Housing Finance Authority backs $20.8M Haciendas Village complex
April 17, 2019
The Puerto Rico Housing Finance Authority announced its support of the Haciendas Village social-interest housing complex in Caguas, to be developed at a cost of $20.8 million. The 91-unit planned community will be located in the Tomás de Castro sector of the town and will be the first to be built with solar panels to […]
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UPR, Inter American Univ. ranked as ‘most affordable’ Hispanic-serving colleges
April 17, 2019
The Inter American University of Puerto Rico in San Germán and the University of Puerto Rico in Río Piedras were ranked the second and fourth “most affordable Hispanic-Serving Institutions” in the United States in a new report released this week by Student Loan Hero. Student Loan Hero examined tuition and fee data from the 2018-19 […]
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P.R. CEO’s Against Cancer win Fit2BeCancerFree national challenge
April 17, 2019
Eight members of the CEOs Against Cancer program, Puerto Rico Chapter, stood out in the Fit2BeCancerFree national challenge, a virtual competition that lasted 24 hours, organized by the American Cancer Society, in which 45 business leaders participated nationally to promote the importance of a healthy lifestyle. This year, the Puerto Rico chapter won the first […]
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Puerto Rico Emprende unveils E-Fulfillment Center for e-commerce
April 17, 2019
As part of its strategy to continue providing resources to promote innovation and new business development, Puerto Rico Emprende announced the creation of the E-Fullfiment Center, the first center in the Caribbean receiving, packaging and shipping goods purchased through e-commerce transactions. “The Puerto Rico E-Fulfillment Center is part of our digitization initiative for small and medium enterprises […]
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P.R. Treasury reports $717.9M in revenue to the General Fund in Jan.
April 16, 2019
The Puerto Rico Treasury Department released net revenue collections for January, which totaled $717.9 million. In a statement, Treasury Secretary Raúl Maldonado said when compared to January 2018, the current total shows a net increase of $133.3 million. “January 2019 revenues were $188.3 million above the June 29, 2018 Certified Fiscal Plan projections and $23.5 […]
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FirstBank delivers donation to Martín Peña Recicla nonprofit
April 16, 2019
FirstBank announced its sixth donation to Martin Peña Recicla, a contribution that will go toward the remodeling of the nonprofit’s facilities, which will include an office space, a meeting room, a storage area, and a collection center in Santurce. The funding comes from the financial institution’s “Dona tu Celu” mobile phone recycling campaign. “We continue […]
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