During the first weeks of April, FirstBank resumed its "Hecho con Éxito, Hecho con FirstBank" program aimed at supporting the island’s small business segment’s operations after Hurricane María, the bank announced.
Air Master Awning, LLC announced an investment of some $6.5 million to expand its facilities in Barceloneta and create 550 additional jobs over three years.
bMedia Group, a Puerto Rico company founded in 2008 closed on the acquisition of the assets of Lamar Advertising of Puerto Rico, from Lamar Advertising Company, a multinational outdoor advertising company.
The Puerto Rico Electric Power Authority recently announced a request for proposal seeking providers of power solutions for the electrical system of the island municipalities of Vieques and Culebra.
Maximo Solar Industries, which specializes in the development of solar energy projects and in selling major brands of solar storage batteries in Puerto Rico and Florida, became the first company to receive funding from the new Popular Mezzanine Fund.
Puerto Rico Gov. Ricardo Rosselló submitted his vision for a new tax model to the island’s Legislative Assembly aimed at encouraging work and create economic development through changes to the Internal Revenue Code.
Every business, regardless of the size, industry or business sector, faces different challenges and obstacles during its life cycle.
The National League of Cities (NLC), a non-partisan organization that promotes the interests of cities across the United States, offered Puerto Rico’s 78 municipalities free NLC membership for two years.
At closing April 11, Cooperativa de Seguros Múltiples de Puerto Rico accounted for more than 92 percent of 57,369 claims received after Hurricane María, totaling $152.2 million.
With an investment of more than $80 million and the creation of more than 500 direct and indirect jobs in the project, Puma Energy Caribe will be renovating more than 230 service stations with the brand’s new image.
Italian company Copan Industries Inc. — dedicated to biotechnology and health — will establish a new facility in Aguadilla, Puerto Rico with an investment of $13 million and a commitment to create a working platform that will generate up to 100 new jobs.
Even though our island is facing a severe economic recession that has lasted more than 10 years, and priorities could have changed after the passage of hurricanes Irma and María last year, we can’t procrastinate our responsibility to properly plan for our individual future.
A little more than six months after the passage of Hurricanes Irma and María through Puerto Rico, Puerto Rican company Commercial Equipment Finance Inc. (CEFI) has joined local recovery efforts through a number of initiatives on and outside the island.
Following an investigation by the U.S. Department of Labor’s Wage and Hour Division (WHD), fuel distributor Macro Companies Inc., engaged in hurricane recovery activities in Puerto Rico, has paid more than $1.1 million in back wages to 219 employees.
Walmart Puerto Rico announced the reopening Wednesday of the Humacao Supercenter where it invested $10 million in the reconstruction after the facilities were totally destroyed by Hurricane María last year.
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