Prime Janitorial president gets top SBA honor
March 15, 2016
The U.S. Small Business Administration has selected Fernando Rodríguez, president of Prime Janitorial Corporation, as Puerto Rico’s “Small Business Person of the Year,” the agency’s local officials confirmed Monday.
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5 P.R. startups participating in South by Southwest
March 14, 2016
A delegation of five Puerto Rican startups are participating technological innovation event South by Southwest (SXSW) Interactive in Austin, Texas this week, supported by Puerto Rico Trade and Export and the Small Business Administration.
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MasterCard Start Path seeking out P.R.’s best startups
March 14, 2016
MasterCard Start Path, a global effort to support innovative early stage startups developing the next generation of commerce solutions, is intensifying its search in Puerto Rico.
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Regional manufacturers call for joint action on key issues
March 14, 2016
The Board of Directors of the Federation of Industrial Chambers and Associations of Central America, Dominican Republic and Puerto Rico recently made a joint call for governments of the region’s countries to work effectively to reduce energy costs, promote the strengthening of the industrial sector and achieve regional integration.
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Casa Aguirre B&B launches crowdfunding campaign
March 14, 2016
A former estate that was once part of the former Aguirre Sugar Mill in Salinas will be converted into the Casa Aguirre Bed & Breakfast by a group of young entrepreneurs that aims to highlight the historical, ecological and cultural importance of the southern town.
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CNE to open offices in DC, NY to act on P.R. key issues
March 11, 2016
Looking to build a new “civic infrastructure” for Puerto Rico in the U.S. mainland, a Center for a New Economy will be opening offices in Washington, DC and New York to insert itself in the discussion of fiscal and other issues, the think tank’s President Mike Soto-Class said Thursday.
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SBA takes Destination: HUB event to Roosevelt Roads
March 11, 2016
The U.S. Small Business Administration (SBA) will host a Destination: HUB event for small businesses at the former Roosevelt Roads Naval Station in Ceiba, Puerto Rico on Mar. 18 at 9:30 a.m.
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Lawmaker pushes to ‘re-reform’ P.R. tax structure
March 9, 2016
House Finance Committee Chair Rafael “Tatito” Hernández proposed Tuesday the full elimination of the value-added tax slated to go into effect on June 1, while unveiling a package of measures that would essentially “re-reform” Puerto Rico’s tax structure to provide balance.
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27 Puerto Rican companies Panama-bound to network
March 9, 2016
A delegation of 27 Puerto Rican companies will participate in the Expocomer international business fair in Panama through Saturday, to present exportable products and services among distributors, importers, retailers and buyers from Latin America, Asia, Europe and the Caribbean.
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Lack of reliable data hinders P.R.’s ‘economic liberty’
March 8, 2016
The lack of available, reliable economic data and a deficiency in transparency from the government are several key factors that must be addressed for Puerto Rico to improve its ranking in an index published annually by The Heritage Foundation, local economists said Monday.
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Migration fuels 1.4% drop in P.R. retail sales in ’15
March 4, 2016
Retail sales reported by Puerto Rico’s commercial establishments during the January to December 2015 period reflected a 1.42 percent year-over-year drop, with sales down by $544.7 million to $37.8 billion, Puerto Rico Trade and Export revealed Thursday.
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AT&T settles disability discrimination suit, to pay $250K
March 3, 2016
Wireless carrier AT&T will pay $250,000, reinstate an employee, and furnish other relief to settle a disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission, the agency announced Wednesday.
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Study: P.R. at high risk for shipping, billing fraud
March 3, 2016
Puerto Rico is among seven U.S. jurisdictions with a higher-than-average rank for shipping and billing fraud attacks, according to a recently released study by global information services company Experian.
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FirstMortgage strengthens housing market position
March 3, 2016
While Puerto Rico’s mortgage market has seen a serious decline of about 50 percent since 2007, FirstMortgage has sought to maintain its position by implementing a few strategies, including zeroing-in on towns outside the San Juan metropolitan area.
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Puma starts selling 20-lb LPG cylinders at gas stations
March 3, 2016
Puma Energy announced Wednesday it began selling 20-pound Liquefied Petroleum Gas cylinders at the end of February at nearly a dozen service stations islandwide.
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