New Public Energy Policy Law draws praise from sector, Oversight Board
April 12, 2019
Governor Ricardo Rosselló signed the law that will establish Puerto Rico’s public energy policy moving forward, which requires the progressive elimination of the use of fossil fuels as a source of power generation. To this end, the Public Energy Policy Law establishes a new timeline for the implementation of renewable energy on the island: the elimination of 20 percent of […]
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Open Spaces: Proposed changes to P.R.’s tax incentive code must be transparent
April 12, 2019
Nonprofit organization Open Spaces, in a public hearing before the Puerto Rico Senate Finance Committee, said the two tax bills under consideration — the Tax Incentive Code (Senate Bill 1013) and the System of Integrated Tax Credits (House Bill 1880) — lack basic elements of transparency, accountability and citizen participation. In testimony about the measures, […]
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Clinical Research Summit returns May 9-10
April 12, 2019
The Puerto Rico Clinical Research Consortium will join the Clinical and Translational Research Week with the celebration of its Clinical Research Summit 2019, to be held May 9-10 at the Sheraton Puerto Rico Hotel, organizers announced. The event is a collaborative effort that includes the University of Puerto Rico, the Caribbean University, the U.S. Food […]
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Triple-S focusing on causes that impact health in P.R.
April 12, 2019
As it marks its 60th anniversay, Triple-S announced its support for two causes that influence social factors that have a significant impact on health in Puerto Rico. “Social determinants of health include a wide range of issues. To be more effective, we have chosen to focus on access to healthy food and emotional wellbeing,” said Triple-S […]
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Government moves to transfer public broadcasting station to nonprofit operator
April 12, 2019
The government of Puerto Rico announced its intention of transferring the rights and property of the Puerto Rico Corporation for Public Broadcasting, known as WIPR, to a private nonprofit. In a statement, Anthony Maceira, the government’s secretary for public affairs stated that a committee has been created to prepare a bill to amend Law 126-1996, […]
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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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