Roosy Roads Authority: Hospital up for redevelopment
October 30, 2015
Two months after the U.S. Navy officially turned over the former Roosevelt Roads hospital and grounds, the Redevelopment Authority for the property is seeking Requests for Proposals from companies interested in leasing and operating the facility.
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Universia launches 3-month scholarship program
October 30, 2015
Employers in all industries and sectors will be able to take in college students for a three-month internship, through Universia Puerto Rico’s “Fogueo Laboral” program, which recently received a $210,000 investment for scholarships.
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Report: GDB knows bondholders IDs, but withholds info
October 29, 2015
The Government Development Bank has contracted New York-based Bondholder Communications Group, LLC to develop a communications database of information regarding bonds issued by the government and their value, a report by the Center for Investigative Journalism released Wednesday confirmed.
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Private sector moves ahead with executive designations
October 29, 2015
In recent months, the private sector has continued to buckle the unemployment trend by announcing executive appointments across a number of industries.
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USDA assigns Puerto Rico $120K to repair rural housing
October 29, 2015
Agriculture Secretary Tom Vilsack announced today that USDA is investing $3.7 million to help rural families repair and rehabilitate their homes across 46 states and Puerto Rico, where 10 towns will equally split $120,280.
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GDB will not release annual report as promised Oct. 30
October 28, 2015
Puerto Rico Government Development Bank President Melba Acosta confirmed Tuesday that the agency will not be publishing the Comprehensive Annual Financial Report on Oct. 30, as it had announced earlier this year it would do.
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Puerto Rico gov’t to promote tourism, biz offer in NY
October 28, 2015
Puerto Rico’s tourism and business offer will have a special place with the opening of a new interactive space at the Commonwealth of Puerto Rico office in Manhattan, Economic Development and Commerce officials announced Tuesday.
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1st American Cut Bar & Grill eatery opening in December
October 27, 2015
LDV Hospitality, a New York-based restaurant group, will be expanding into the Puerto Rico market with its first American Cut Bar & Grill restaurant, slated to open in December 2015, founder John Meadow said Monday.
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Accounting firm RSM ROC & Company rebrands as RSM
October 27, 2015
Independent accounting, taxes and consulting services firm RSM ROC & Company announced Monday it has rebranded as RSM, in line with the adoption of a single global brand by RSM International, the network to which it belongs.
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Swarovski opens new boutique at The Mall of San Juan
October 26, 2015
Crystal cutting expert Swarovski recently opened its newest location in Puerto Rico, at The Mall of San Juan, where it customers can enjoy the retailer’s fashion accessories, home objects, watches and men’s pieces as well.
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Popular, Oriental reduce exposure to government risk
October 26, 2015
Puerto Rico’s two largest banks — Banco Popular and Oriental — confirmed separately on Friday that they’re working to reduce their exposure to risk associated with the island’s government, which they have financed in different capacities over the years.
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JLL expands real estate services in P.R. to include retail
October 23, 2015
JLL, a professional services and investment management firm, announced this week it has expanded its scope to serve retailers and investors with expanded services out of Puerto Rico, including retail tenant representation, landlord representation, property management and investment sales.
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Plaza del Caribe $40M renovation nearly completed
October 22, 2015
Following an investment of some $40 million, the renovation of the Plaza Del Caribe shopping center is nearing completion, mall officials said Wednesday.
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Gov’t ‘has faith’ it will pull Puerto Rico out of fiscal hole
October 21, 2015
Government Development Bank President Melba Acosta said Tuesday the administration “has faith” it will pull Puerto Rico out of the fiscal abyss it is currently in, and will set up mechanism to avoid a repeat of the island’s current $73 billion debt scenario.
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17th edition of P.R. Int’l Auto Show on through Nov. 1
October 20, 2015
The 17th edition of the Puerto Rico International Auto Show kicked off Monday with a display of the latest models from the top automakers, who will be on hand at Plaza Las Américas through Nov. 1 to interact with mall-goers during the highly anticipated event.
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