Espacios Abiertos discusses lessons learned from Detroit
November 23, 2016
Balancing the government checkbook will not solve an economic crisis like the one Puerto Rico is facing.
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Oriental’s ‘Quick Deposit’ service expands to more ATMs
November 22, 2016
Oriental bank announced Monday that it’s “Quick Deposit” service will be available in 21 additional full-service ATMs, for a total of 25 located throughout the island.
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Board to finish review of gov’t Fiscal Plan by Jan. 31
November 21, 2016
The Financial Oversight and Management Board for Puerto Rico is reviewing the government’s proposed Fiscal and Economic Growth Plan — which on Friday was met with criticism by a cross-section of the island’s business community — and should be finished by Jan. 31.
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Execs appointed in tourism, advertising, insurance
November 21, 2016
Puerto Rican executives continue to climb the corporate ladder both in Puerto Rico and abroad, in a spectrum of economic sectors.
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Comprehensive Cancer Center hospital to open in Feb.
November 18, 2016
The Comprehensive Cancer Center Hospital at the University of Puerto Rico will receive its first patients this February, three years after the start of its construction.
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Vassallo Int’l Group in Ponce files for Ch. 11 bankruptcy
November 18, 2016
Ponce-based Vassallo International Group, which manufactures, distributes and sells more than 6,000 different products for a wide range of applications and industries, has filed for Chapter 11 bankruptcy, citing nearly $9.8 million in debt.
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Empresarios por Puerto Rico bet local to boost economy
November 17, 2016
Empresarios por Puerto Rico, an organization representing a broad spectrum of local businesses, unveiled Wednesday a series of initiatives aimed at strengthening the island’s economy.
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Claro fulfills FCC-funded broadband deployment project
November 17, 2016
Three years after receiving $31.6 million from the Federal Communications Commission to provide new broadband access to more than 40,000 homes in Puerto Rico, Claro President Enrique Ortiz de Montellano confirmed Wednesday the project has been completed.
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Pueblo opens new $4M grocery store at Aguadilla Mall
November 17, 2016
The Pueblo supermarket chain on Wednesday opened a new store at the Aguadilla Mall with an investment of more than $4 million and the creation of 70 new jobs to complete a workforce of 130 employees, company executives confirmed.
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Rosselló spells out economic development strategy
November 16, 2016
Gov.-elect Ricardo Rosselló on Tuesday offered details of the socioeconomic transformation model his administration will follow to spur “growth and development” for Puerto Rico over the next four years.
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Gov.-elect Rosselló proposes DMO to spur P.R. tourism
November 16, 2016
Gov.-elect Ricardo Rosselló said Tuesday his administration will delegate the task of promoting Puerto Rico to an independent Destination Management Organization, or DMO, putting the responsibility in the hands of the “sector that knows tourism and the island’s assets.”
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News is my Business marks 6 yrs. of unbiased reporting
November 16, 2016
News is my Business, Puerto Rico’s first English-language, fully digital business news website, is marking its sixth anniversary today as it looks forward to upholding its mission to deliver a broad snapshot of the island’s most significant stories.
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AT&T boosts 4G LTE network in P.R. for faster delivery
November 16, 2016
AT&T announced Tuesday the addition of four new cell towers and capacity to hundreds of cell sites so far this year, helping customers get faster, more reliable wireless service in Puerto Rico.
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CRIM to auction former Intel property in Las Piedras
November 16, 2016
The Municipal Revenue Collection Center (known as CRIM for its initials in Spanish) will hold a public auction to sell the industrial facilities formerly occupied by Intel in Puerto Rico.
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MGI investing $2M in FBO at Luis Muñoz Marín Airport
November 16, 2016
Management Group Investors announced Tuesday it will invest $2 million to build a new 10,000 square-foot “Fixed-Based Operator” hangar at its Airport Aviation Services facilities in the Luis Muñoz Marín International Airport in Carolina.
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