SBA kicks-off 2016 emerging leaders series in P.R.
April 18, 2016
The U. S. Small Business Administration Puerto Rico and U.S. Virgin Islands district office has kicked-off the second Emerging Leaders training series on the island, announcing the companies selected to participate in the Class of 2016.
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3 finalists chosen for Singularity innovation competition
April 18, 2016
The Puerto Rico Science, Technology and Research Trust announced that three researchers and innovators were selected as finalists of the local edition for Singularity University Global Impact Competition.
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Bondholders withdraw claim against GDB over transfers
April 14, 2016
A little more than a week after filing a motion for a temporary restraining order (“TRO”) against the Government Development Bank, a group of creditors owning Puerto Rico bonds confirmed Wednesday they have withdrawn their request.
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Treasury collects $929.7M in March fueled by sales tax
April 14, 2016
Treasury Secretary Juan Zaragoza-Gómez confirmed Wednesday that net revenues recorded by the General Fund in March 2016 totaled $929.7 million, a $91.1 million increase compared to March 2015 net revenues, and $5.3 million below revised estimates.
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Bankers Assoc. asks gov’t to uphold PREPA restructuring
April 14, 2016
The Puerto Rico Bankers Association said Wednesday the government’s decision to include Puerto Rico Electric Power Authority in the Puerto Rico Emergency Moratorium and Financial Rehabilitation Act could jeopardize the closing this year of the consensual restructuring support agreement.
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P.R. named as ‘test site’ in preparation for 2020 Census
April 13, 2016
The U.S. Census Bureau announced Tuesday it plans to conduct a test census in selected areas within Puerto Rico beginning February 2017.
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Island Creamery Inc. new Baskin-Robbins PR franchisee
April 13, 2016
Baskin-Robbins announced Tuesday that Island Creamery Inc. has acquired more than 20 Baskin-Robbins shops in Puerto Rico, becoming the brand's new sole franchisee on the island.
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S&P lowers GDB’s rating over debt moratorium law
April 12, 2016
The Puerto Rico government’s decision to enact a debt moratorium and declare a state of emergency at the Government Development Bank prompted ratings agency S&P to downgrade the agency and Moody’s to warn of looming creditor lawsuits.
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Op-Ed: P.R. banking sector fully transformed in 10 years
April 12, 2016
In the past 10 years, the size of the local economy has shrunk by 14 percent, total employment has dropped by 21 percent (more than 250,000 jobs) and the total population has decreased by 9 percent.
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Assured supports proposal to restructure P.R. GO bonds
April 12, 2016
Debt insurer Assured Guaranty has aligned with the Ad Hoc Group of Puerto Rico's General Obligation Bondholders, agreeing to the deferral of principal repayment of Puerto Rico General Obligation Bonds on terms “economically consistent with the previously released term sheet,” the group said Monday.
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Coliseo de Puerto Rico ranks among top 20 in the world
April 12, 2016
The Coliseo de Puerto Rico has been ranked 15th in the list of Top 100 arenas worldwide in Pollstar Magazine's 2016 rankings, venue officials confirmed Monday.
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USDA earmarks up to $44M for new bio-based products
April 11, 2016
The U.S. Department of Agriculture is making up to $44 million available to farmers, ranchers and businesses to develop new bio-based products and expand markets through the Value-Added Producer Grant program.
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GM Security Tech strikes partnerships for cybersecurity
April 11, 2016
GM Security Technologies, a provider of secure cloud computing, big data and integrated security, recently announced a strategic agreement with the Puerto Rico Science, Technology and Research Trust, and the Polytechnic University of Puerto Rico, to launch an innovation and incubation "cluster" for cybersecurity.
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Op-Ed: Who should file US individual income tax return?
April 8, 2016
Every U.S. citizen is subject to the provisions of the United States Internal Revenue Code ("USIRC") regardless of their place of work or residence. Since people born in Puerto Rico are U.S. citizens, they are subject to the provisions of the USIRC.
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Law firm McConnell Valdés marks 70 years in P.R.
April 8, 2016
Puerto Rican law firm McConnell Valdés LLC is marking seven decades of uninterrupted contributions to the development of the island’s legal profession, as well as its economic and social transformation.
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