Justice asks SCOTUS to review validity of Law 71
August 24, 2015
The Puerto Rico Department of Justice has petitioned the U.S. Supreme Court for certiorari, ruling the constitutional validity of the Public Corporation Debt Restructuring Act, which would allow the island’s public corporations to restructure their debts through an orderly process.
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Rock Solid among Inc. 5000’s fastest-growing companies
August 21, 2015
Puerto Rican software development company, Rock Solid Technologies Inc., has for the first time ranked in the annual Inc. 5000 listing, taking spot 4,805 among the nation's fastest-growing private companies.
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Execs named in tech, law, capital management firms
August 18, 2015
Puerto Rico’s private sector continues to appoint new executives to its ranks, with technology, legal and capital management firms taking center stage in recent weeks.
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Gelato & Co. Italian creamery opens at SJ Marriott
August 17, 2015
With an investment of $200,000, Italian creamery Gelato & Co. has officially opened its first location in Puerto Rico, as a joint venture with the San Juan Marriott Resort & Stellaris Casino, company officials announced Sunday.
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New film studio opens in Trujillo Alto
August 17, 2015
HERE Studios, a local company lead by entrepreneur Vicente Cajigas, recently opened a new film studio at the Saint Just Industrial Park in Trujillo Alto equipped with the latest technology and facilities required by the industry.
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USDA announces funding to repair rural area homes
August 17, 2015
The U.S. Department of Agriculture’s Rural Development Home Repair Program is offering qualifying rural homeowners the opportunity to apply for loans and grants to repair their dwellings, agency officials announced.
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Nonprofit to focus on developing P.R. visitor’s economy
August 14, 2015
The Foundation for Puerto Rico announced Thursday it is focusing its efforts on developing new social and economic strategies that will transform Puerto Rico into a global destination, based on the premise that tourism is key to improve the economy.
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More than 100 elected officials lobby for PR in Congress
August 14, 2015
Bronx Borough President Ruben Diaz Jr. on Thursday sent a letter, in conjunction with more than 100 elected officials from across the nation, demanding immediate action from Congress to enact legislation that will allow Puerto Rico to enter bankruptcy.
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P.R. to host Caribbean Hotel investment summit in Nov.
August 12, 2015
Puerto Rico will host the 5th edition of Caribbean Hotel Investment Conference and Operation Summit.
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P.R. Hispanic Chamber to orient on doing business in FL
August 12, 2015
After hearing many stories of people and businesses that are leaving Puerto Rico to relocate to Florida with no idea of the resources available to them, the Puerto Rico Hispanic Chamber of Broward County will be offering a 3-hour orientation seminar on Sept. 9.
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Retail activity picking up with openings, new arrivals
August 10, 2015
Retail activity is picking up at several local malls, with new store openings in San Juan, Caguas, Ponce and Barceloneta next month, this media outlet confirmed.
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Aon: 82% of Puerto Rico employees show engagement
August 7, 2015
The most recent edition of Aon Hewitt’s 2015 Trends in Global Employee Engagement report showed that 82 percent of Puerto Rico employees show on-the-job engagement, driven by factors such as recognition, career opportunities and salary.
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Guayacán, Codetrotters win SBA funding competition
August 5, 2015
Grupo Guayacán Inc. and Codetrotters Academy were among the 80 winners of the second annual Growth Accelerator Fund Competition announced Tuesday by the U.S. Small Business Administration.
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$6M Nayara Toro Verde hotel to open in Orocovis
August 5, 2015
The mountain town of Orocovis will become home to the future Nayara Toro Verde Hotel, a project that represents a $6 million investment and the arrival of the Nayara luxury hotel chain, exclusive until now to Costa Rica, the Puerto Rico Tourism Co. announced Tuesday.
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Puerto Rico gov’t defaults, halts monthly GO transfers
August 4, 2015
Investors in Puerto Rico debt got double-whammied by the island’s government Monday, which missed a $58 million debt payment as it had predicted it would, and separately told creditors it has temporarily suspended monthly deposits to its General Obligation (GO) bonds redemption fund.
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