As many as 29 out of 562 U.S. municipal bond funds currently carry an exposure to Puerto Rican bonds greater than 5 percent, some with an estimated exposure approaching 50 percent.
Parallel18 announced Monday its call for applications for the second group of startups, each of which can receive $40,000 as a no-equity grant.
Liberty Business, Liberty Puerto Rico’s business division, on Monday launched its own corporate identity along with its dedicated website, logo and media campaign with the slogan “A tu medida.”
Puerto Rican food and beverage distribution company B. Fernández & Hnos. recently completed the installation of solar panels, which will generate 43 percent of the annual electricity consumption of the enterprise.
Students and professors from Sacred Heart University will have the support of the Puerto Rico Small Business and Technology Development Centers (PRSBTDC) to create new businesses based on innovation, the organizations announced Monday.
Although the government of Puerto Rico paid its General Obligation bonds and guaranteed debt due May 1, which totaled about $103 million, Moody’s Investors Service believes it will enter into an eventual default of these bonds in the absence of a federal stay on litigation.
The U.S. Small Business Administration and the Puerto Rico Professional College of Engineers and Land Surveyors (CIAPR by its Spanish acronym) will conduct on May 10 their 11th Business Matchmaking Event, officially kicking-off Small Business Week on the island.
The Puerto Rico Tourism Co. on Thursday urged travelers to “make informed decisions” about summer plans, attempting to dispel perceptions about the extent of the spread of the Zika virus on the island.
Rebexa Group, a Puerto Rican company dedicated to providing consulting services related to medical product regulatory issues, is marking its 10th anniversary with the opening of its new offices in Mayagüez.
Tenants at La Oficina, a shared office space located at the Caribe Building occupied mostly by arrivals under the government’s Law 20/22 incentives programs, recently took part in an event with the Puerto Rico Community Foundation to learn about innovative ways to give back to their new communities.
A group of Puerto Rican credit unions identifying themselves at the “G25” said Thursday the preliminary restructuring agreement announced by the Government Development Bank and hedge funds this week is unfavorable to local bondholders who will see losses as a result.
Signaling its commitment to transparency, the Puerto Rico Institute of Statistics today presented www.transparenciafinanciera.pr, a website through which citizens can obtain a total breakdown of the agency’s transactions since it began operations.
Honeywell Aerospace announced Tuesday the opening of a new environmental testing laboratory in Puerto Rico’s Las Américas Technology Park, which will create 335 new jobs on the island.
Loisaida Inc., a leader in intergenerational programming that supports the needs of the Latino community in New York City, announced Tuesday the expansion of its services to offer programming that equips entrepreneurs with the basic tools for success.
For the third year, the U.S. Small Business Administration is launching an Accelerator Growth Fund competition for accelerators and other entrepreneurial ecosystem models to compete for prizes of $50,000 each, totaling $3.95 million.
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