AZ Foods, a distribution company responsible for bringing healthy products from different parts of the world to Puerto Rico, is looking to expand its business model to help local small businesses improve their reach. “We’re a Puerto Rican company that always wants to distribute the healthiest foods and we believe that with each product we […]
The Puerto Rico Energy Bureau has approved $1.2 billion to be used for all electrical infrastructure projects included in the Puerto Rico Electric Power Authority’s (PREPA) 10-year infrastructure plan. “These projects are an important step in the implementation of Puerto Rico’s energy policy. As the entity in charge of directing and implementing this public policy, […]
Copan Industries Inc. in Aguadilla has announced an $78 million expansion of its facilities, $9 million of which will be used primarily for construction, while the remainder will be used for machinery and equipment, officials said. “This expansion will help more professionals have job opportunities, stay here and contribute to the economic development of our […]
Online marketplace platform eBay has reported a significant increase in Puerto Rican sellers by a double-digit percent. The products vary significantly, many of them were previously absent from the website before the pandemic. The company did not reveal the exact growth figure, in numbers. “2020 changed our entire way of living, consuming, and doing business, […]
The Puerto Rico Tourism Co. wants to put the island’s vast portfolio of cultural and heritage resources in the spotlight. To that end, officials announced the start of the Cultural Tourism program, which the public corporation has developed with the goal of “refocusing and strengthening” the promotion and marketing efforts — both locally and abroad […]
Quibble Revenue Management for Vacation Rentals, a company that has designed software that uses science-based optimization and technology to help the island’s short-term rental community set their pricing strategies, has seen an increase in monthly revenue by 24% to 34% since October 2020. This growth was confirmed by the firm founded in August 2020, which […]
The Camuy River Caverns Park will reopen March 24, following a nearly four-year closure as a result of damages caused by Hurricane María in 2017. The park received a $68,000 contribution from the Puerto Rico Tourism Co. that will allow it to operate Wednesday through Sunday between 8 a.m. and 4:30 p.m., with visits to […]
The Puerto Rico Public Housing Authority recently inaugurated the first Technological Educational Center (CET, in Spanish) at the Mar y Sol residential complex in Mayagüez, following a $46,000 investment, agency officials announced. “Mar y Sol has a large number of residents who will benefit greatly from this educational center. We want our future leaders to […]
The Steven Anthony Children’s Hospital (SACH) recently got its Certificate of Necessity and Convenience granted by the Puerto Rico Health Department, clearing the way to start its three-phase, $30 remodeling project, company officials said. The first phase — to be completed by 2022 — will focus on remodeling the treatment and research center, located in […]
The Puerto Rico Treasury Department has received about 117,081 tax returns and has paid out $22.8 million in refunds a week into this year’s tax season for the 2020 individual filing cycle, agency Secretary Francisco Parés said. “We’re satisfied with the response of taxpayers to this process, which is just beginning. This pro-taxpayers tax cycle […]
Abexus Analytics, a firm based in Puerto Rico, predicted that 110,000 new cars will be sold this year, a more optimistic forecast than last year. “This forecast is significantly more optimistic than in 2020 thanks in large part to federal mitigation funds for COVID-19 as well as disaster relief funds through the Community Development Block […]
An estimated 30,525 taxpayers have not received the disbursement of the $600 financial stimulus, reportedly due to errors in their bank information, Treasury Department officials said. “They must have received a message, either by email or through the platform, indicating a rejection [of the deposit] by the bank. They have to update their bank information […]
The Mercedita International Airport in Ponce inaugurated an $866,252 expansion to its boarding terminal, ahead of the resumption of commercial passenger flights for that facility and the Rafael Hernández International Airport in Aguadilla on April 1st. The expansion allows the arrival and management of two planes simultaneously, while the investment also covered the remodeling of […]
Students from the University of Puerto Rico (UPR) in Río Piedras developed an app called “ArtesaníasICP,” through which people from around the world can contact and buy from local artisans. The app, created with the support from the Institute of Puerto Rican Culture (ICP), is free to download and features a wide range of features. […]
November bookings dropped by about 70%, for IHP Hospitality Corp. as a direct consequence of the COVID-19 pandemic and the government’s Executive Order, which, among other conditions, bans recreational visits to beaches and imposes a curfew. “We currently own five different hotels across the island. It’s been extremely challenging, Claire Ruiz, director of Finance and […]
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