Community distrusts gov’t call for Community Summit
March 5, 2019
By Joel Cintrón Arbasetti | Center for Investigative Journalism Gov. Ricardo Rosselló’s administration is managing a Community Summit that will take place on March 9 at the Convention Center. “I am aware that the Summit is going to take place, but they have not invited me,” Orlando Serrano, community worker from the Salud neighborhood in […]
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New $5.5M medical and dining facilities under construction at Base Muñiz
March 5, 2019
The Base Muñiz Air National Guard Base in Carolina is close to completing the $5.5 million reconstruction of its medical and dining facilities, the military body announced. “One of our priorities with for the Puerto Rico Air National Guard is to ensure Airmen have the best facilities and working environments,” said Adjutant General of Puerto […]
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Op-Ed: SBA ignites small business, fueling economic engine, creating more jobs
March 5, 2019
Economic vitality means tomorrow will be better than today. Small business owners across the Atlantic Region of New York, New Jersey, Puerto Rico and the U.S. Virgin Islands are currently witnessing record-setting growth; it’s a boon to the backbone of the American economy. With more than 97 percent of businesses in the United States being […]
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IHOP marks ‘National Pancake Day’ to raise funds for San Jorge Children’s Foundation
March 5, 2019
IHOP restaurants in Puerto Rico celebrate its sixth edition of “National Pancake Day” on Mar. 12, raise funds for the benefit of the San Jorge Children’s Foundation, the company announced. IHOP restaurants located in Plaza Centro in Caguas, Premium Outlets in Barceloneta; Los Colobos Shopping Center in Carolina; Plazoleta del Cantón in Bayamón and The […]
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USDA, SBA announce P.R. Rural Lending Investment Summit, Mar. 7-8
March 5, 2019
The National Rural Lenders’ Roundtable (NRLR), the U.S. Department of Agriculture (USDA) Rural Development and the U.S. Small Business Administration (SBA) announced the 2019 Puerto Rico Rural Lending Investment Summit that will be held Mar. 7-8 at the Condado Plaza Hilton Hotel. The summit will join lenders and stakeholders in the USDA and SBA guaranteed-lending […]
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AON: Medical plans costs could be 3 times higher than general inflation of ’19
March 4, 2019
Employer-sponsored medical plan expenses could increase almost 8 percent worldwide this year, far exceeding the average general inflation of almost 3 percent, according to the “Global Medical Trends Rate Report 2019” released by professional services company Aon. It is estimated that the average increase in medical and pharmaceutical expenses for health plans during 2019, offered […]
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PRiMEX starts free business resiliency planning program
March 4, 2019
With support from the Economic Development Administration, the Puerto Rico Manufacturing Extension nonprofit launched the Business Resilience and Continuity program through which 350 manufacturing companies on the island will benefit from creating and having a business continuity plan. The project was achieved through an allocation of funds that PRiMEX requested and obtained from the EDA, […]
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Popular encourages entrepreneurs to join ‘StartUp Popular’ call
March 4, 2019
Part of the success of any business is to be able to count on capital that supports their growth and keeps the operations solid. In response to that Popular announced its 7th call for funding, business coaching and networking program, StartUp Popular. The application deadline is April 30, 2019. Since its inception, more than 85 […]
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Op-Ed: The Jones Act…Again
March 4, 2019
In a recent issue of News Is My Business (NIMB) an Op-Ed piece summarized a new study on the impact of the cabotage law on Puerto Rico. It is better than all previous ones, according to the co-author of the study, who modestly attributes this to the fact that they interviewed importers and not because […]
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Café Yaucono seeks to motivate Puerto Ricans to create their own business
March 4, 2019
Looking to motivate entrepreneurship in Puerto Rico, Café Yaucono has created an initiative through which it will award two mobile coffee shops that will allow creating a business anywhere on the island. The company has partnered with retailer JF Montalvo for the initiative. Those interested in participating have until Mar. 8 to visit any of […]
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U.S. Customs and Border Protection fast-tracks hiring officers
March 4, 2019
The U.S. Customs and Border Protection recently launched the “Fast Track Hiring Process,” an expedited hiring program that streamlines the hiring process for CBP Officer and Border Patrol Agent applicants who can commit to accelerated hiring timeframes. CBP’s current average time to hire for officers and agents is 300 days. The “Fast Track Hiring Process” […]
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EDB chooses Hacienda Santa Clara as ‘Agricultural Company of the Year’
March 4, 2019
The Puerto Rico Economic Development Bank has selected Hacienda Santa Clara in the town of Yauco as the “Agricultural Company of the Year” by the Minority Business Development Agency as part of the celebration of minority entrepreneur week. “We’re proud that the achievements of entrepreneurs who had the vision of building an innovative company […]
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P.E.C.E.S. offers free workshops to promote sustainability
March 4, 2019
The Community Education and Service Program (known as P.E.C.E.S. for its initials in Spanish) and its Community Sustainability Center have opened a call for residents of Puerto Rico’s eastern region to participate in workshops and free activities in Humacao, scheduled for March. “Our approach is to build resilience and promote sustainable community options,” said José […]
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Metropistas issues $181M in bonds to optimize capital structure
March 1, 2019
Autopistas Metropolitanas de Puerto Rico (metropistas) announced the closing of a $181 million bond issuance to partially refinance a portion of its short-term debt, in what constitutes one of the first bond issuances in the Puerto Rican infrastructure industry since the beginning of the economic recession and the devastation that left hurricane María. The bond […]
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Discover Puerto Rico launches new destination website
March 1, 2019
Destination Marketing Organization Discover Puerto Rico launched the island’s revamped tourism website, featuring a user-friendly layout and dynamic content designed to engage and persuade visitors to select the Island as a place to vacation or develop business events and conventions, executives said. This is an “important step” in the DMO’s brand repositioning process that will […]
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