Nextgen Pharma’s cannabis cultivation bears fruit in PR
September 18, 2017
Puerto Rico’s medical cannabis industry continues to innovate in the development of new products and strains to meet the health conditions of authorized patients.
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Retailers to present ‘Future of Retail’ on Sept. 27
September 18, 2017
The Puerto Rico Retail Association, known as ACDET in Spanish, will host an event Sept. 27 focusing on “The Future of Retail,” Lymaris Otero, executive director of the trade group announced.
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Rosselló: PR is regional hub for emergency management
September 15, 2017
Despite experiencing some $600 million in damages in the wake of Hurricane Irma’s passage through the Caribbean last week, Puerto Rico was less affected than the rest of the region and has assumed the role of “safe haven” for those who experienced the storm’s harshest forces in the Lesser Antilles.
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Trump to visit PR to inspect Irma recovery efforts
September 15, 2017
President Donald J. Trump will travel to Puerto Rico at a-yet-to-be-specified date to assist with the territory's recovery after the passage of Hurricane Irma, Gov. Ricardo Rosselló said Thursday.
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SBA awards $18M to expand small business exporting
September 15, 2017
The U.S. Small Business Administration announced that $18 million in funding has been awarded to 44 State international trade agencies through it’s competitive State Trade Expansion Program (STEP), to support export growth among U.S. small businesses.
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Santander US provides post-Hurricane Irma relief
September 15, 2017
Santander U.S. announced it has taken immediate steps to assist customers affected by Hurricane Irma, pledging $100,000 to aid relief organizations.
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Liberty PR installs telecom services for Irma evacuees
September 15, 2017
Liberty Puerto Rico and its business division, Liberty Business, installed a special telecommunications infrastructure free of charge at the Puerto Rico Convention Center to receive thousands of travelers from neighboring Caribbean islands struck by Hurricane Irma.
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Google raises $2M in 24 hrs. for Hurricane Irma relief
September 15, 2017
Internet giant Google raised $2 million in less than 24 hours to help victims of Hurricane Irma, which tore through the Caribbean last week, leaving a trail of destruction and thousands of affected people who need urgent help.
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Oriental to waive late fees for September loan payments
September 14, 2017
OFG Bancorp announced that its Oriental Bank subsidiary will not charge late-payment fees for September loan payments, extending the grace period for a maximum of another 30 days.
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USDA lets USVI use SNAP benefits to buy hot foods
September 14, 2017
The U.S. Department of Agriculture approved a temporary waiver that will allow participants in the USDA’s Supplemental Nutrition Assistance Program in the U.S. Virgin Islands to buy hot foods with their benefits through Nov. 13.
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Green Energy Fund application deadline set for Oct. 27
September 14, 2017
The State Office for Energy Public Policy (OEPPE, by its initials in Spanish) announced it has postponed the deadline to apply for Green Energy Fund incentive to Oct. 27.
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Moody’s: Hurricane Irma further cripples PREPA
September 13, 2017
Hurricane Irma will have negative implications for the Puerto Rico Electric Power Authority’s liquidity and cause further delays to its debt restructuring plans, Moody’s Investors Services predicted in a report released Tuesday.
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PR becomes ‘transient hub’ for tourists across Caribbean
September 13, 2017
Puerto Rico’s tourism infrastructure has allowed the island to resume regular operations of hotels, sites and attractions this week and has become a transient hub for travelers across the Caribbean who had planned September vacations, government officials said.
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US Dept. of Labor to help in Hurricane Irma recovery
September 13, 2017
The U.S. Department of Labor, in cooperation with state and local partners, is setting aside funding and will be making grants to assess workforce needs in the U.S. Virgin Islands, Puerto Rico, Florida, and other states in response to Hurricane Irma, the agency announced.
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PR economic activity down 2.1% year-over-year in July
September 13, 2017
Puerto Rico’s economic activity took a 2.1 percent dive in July 2017, when compared to the same month last year, according to the Economic Activity Index released by the Puerto Rico Fiscal Agency and Financial Advisory Authority and the Government Development Bank.
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