Evertec partners with Women’s Business Institute to provide tech training
April 12, 2019
Evertec and the Women’s Business Institute entered into an alliance to promote the growth of businesses founded by women through training that will address the need to expand their knowledge in the use of technology to establish, manage, streamline and grow their business. “The use and knowledge of technology for a company is a catalyst […]
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Walmart begins $7M renovations in 2 Supercenters, 2 Amigo stores
April 11, 2019
Walmart Puerto Rico announced plans to remodel its Supercenter stores in Canóvanas and Barceloneta, as well as Amigo Supermarkets in Guaynabo and Guayama, with an investment of more than $7 million. With these new projects, Walmart has invested more than the $30 million in Puerto Rico in the past 18 months, after the onslaught of […]
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Grupo Guayacán, MCS Foundation launch call for fellowship program applications
April 11, 2019
MCS Foundation and Grupo Guayacán, Inc. (GGI) announced the call for applications for the second annual MCS Foundation Health Innovation Fellowship which will sponsor the participation of one company within the healthcare industry to the 2019 Guayacán Venture Accelerator (GVA). The GVA is an executive education and development program for companies established in Puerto Rico […]
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U.S. Dept. of Labor continues compliance assistance efforts in the USVI
April 11, 2019
U.S. Department of Labor Wage and Hour Division representatives are working in St. Croix and St. Thomas to provide compliance assistance and education for employers, and to investigate payroll practices related to ongoing recovery efforts following Hurricanes Irma and María, the agency announced. WHD will review employers’ compliance with federal labor statutes including the McNamara-O’Hara […]
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Gov’t promotes apprenticeships for manufacturing, aerospace, tech
April 11, 2019
The “Apprenticeship Accelerator,” a program aimed at employers in the manufacturing industry wishing to implement such programs in their companies, will take place in Ponce and Aguadilla April 11 and 25, respectively, the Department of Economic Development and Commerce announced. Information will be provided to employers looking to integrate apprenticeships as part their recruitment process, […]
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Colmena66 brings 200 organizations, programs into its network in 2 years
April 11, 2019
Colmena66, the specialized business support network that operates under the direction of the Puerto Rico Science, Technology and Research Trust has more than 200 organizations and programs in its network dedicated to building and strengthening the business community on the island. The organization affiliated with SourceLink, an organization established with the support of the Kauffman […]
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Op-Ed: The small business boom rolls on
April 10, 2019
As Tax Day 2019 swiftly approaches, numerous entrepreneurs are seeing new benefits from the Tax Cuts & Jobs Act, enabling them to grow their ventures and hire additional staff. I recently co-hosted the White House Manufacturing Roundtable at which about 20 small business owners discussed the resurgence of manufacturing in the chemical, construction, consumer goods, […]
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PathStone Enterprise Center receives $1.5M Wells Fargo grant
April 10, 2019
PathStone Enterprise Center Inc. (PECI) received a $1.5 million grant from Wells Fargo to provide capital and technical assistance to business owners on the island, the company announced. The investment, which is part of the Wells Fargo Works for Small Business: Diverse Community Capital (DCC) program, will help small businesses that are still in the process […]
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World Computer Exchange-P.R. opens 1st refurbishing club in Santurce school
April 9, 2019
World Computer Exchange-Puerto Rico recently opened its first refurbishing club in the Padre Rufo Bilingual School in the Santurce neighborhood of San Juan. The new WCE Refurbishing Club lab will be installed in a storage area at the school, which has 347 students in grades 7-12, that was recently rebuilt by the Ciudadela real estate […]
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Nonprofits present Poverty Inc. documentary to find alternatives to erase poverty
April 9, 2019
Given that 43.5% of Puerto Rico residents are below the poverty level, according to the Federal Census Bureau, five nonprofits got together recently to present the Poverty Inc. documentary, in an effort to understand the causes of poverty and redefine strategies to eradicate it. MCS Foundation joined Fundación Banco Popular, the Centro para Renovación Económica, Crecimiento […]
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Pueblo Supermarket chain opening 22th location in Cupey
April 9, 2019
With an investment of $3.9 million and the creation of 85 new direct jobs, Pueblo Supermarket will open its 22nd store on Wednesday in the Cupey sector of San Juan, the retailer announced. The store, located in the Cupey Professional Mall, will open from 6 a.m. to 10 p.m. Monday to Saturday and Sundays from 7 […]
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Mastercard, G+D Mobile Security partner to offer ‘contactless cards’
April 9, 2019
Mastercard announced it has closed a partnership with Giesecke+Devrient (G+D) Mobile Security, a smart card manufacturing, personalization and payment solutions provider, to advance easier, faster and safer payments in the region. With this agreement, G+D will offer preferential pricing to Mastercard issuers focused on advancing their conversion to contactless cards, the companies said. “Contactless is […]
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T-Mobile repeats its support for Susan G. Komen Race for the Cure
April 9, 2019
For the 11th year in a row, T-Mobile showed its support for the Susan G. Komen Race for the Cure fundraising event, honoring the medal-winning athletes in the Special Olympics World Games. Present during the event were Olympic medalist Javier Culson, the medal-winning athletes in the Special Olympics World Games Eneida Torres, Carlos Miró and […]
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Consumers on the fence about using technology at restaurants, study shows
April 8, 2019
Customers who visit restaurants of all types expressed a split decision as to whether technology facilitates or complicates their experience, a study by the Puerto Rico Restaurants Association showed. The EAT study, commissioned by the professional group to The Research Office, “found a very marked contradiction in the use of technology in restaurants,” said José […]
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Op-Ed: IRA Accounts — Are they taxable?
April 8, 2019
Individual Retirement Accounts (IRA) are one of the few instruments allowed by the Puerto Rico Internal Revenue Code that provide a tax benefit to individuals. In addition, it is an excellent vehicle to create a retirement fund. What is the taxable benefit? The benefit is to take a deduction in the income tax return for every […]
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