Community Investment Fund reaps $1.1M in 7 months
June 12, 2015
The Community Investment Fund, launched last November with an initial $500,000 contribution from its founder, the Puerto Rico Community Foundation, has more than doubled its capital base to $1.1 million in investments from the private sector, the nonprofit announced Thursday.
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Viandharina to produce, package locally grown harvests
June 12, 2015
Viandharina, a new agro-industrial company based in Salinas, has opened for business in the south following a $1.6 million investment in a plant that seeks to substitute imports of several Puerto Rican food staples, including sweet and green plantain and breadfruit “tostones.”
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Financial planning key to weathering economic storm
June 12, 2015
Although the island’s economy is facing one of its most difficult moments, it is still possible to weather the storm with proper financial planning, executives from Banco Popular’s securities and insurance divisions said Thursday.
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Olive Garden reports $8M in sales, opens 2nd restaurant
June 12, 2015
During its first year as a new player in Puerto Rico’s casual-dining segment, Olive Garden in Bayamón has reportedly generated sales of more than $8 million, franchisee Restaurant Operators Inc. said Thursday.
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Sacred Heart University opens creative tech space
June 12, 2015
Virtual reality, creative technologies, three-dimensional animation, game technology, real-time animation, innovation and vision are some of the elements that will be available at Sacred Heart University’s new Studio for Creative Technologies, which will open in August, school officials announced Thursday.
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Expedia: Travelers to save 18% on travel packages to SJ
June 10, 2015
Expedia Inc., in partnership with Airlines Reporting Corporation and other organizations, released the findings of a study on air travel trends that concluded, among other things, that travelers to San Juan — from North America and Europe — will save an average of 18 percent, up to $484, on their trips booked between June and September 2015.
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Congress to hold hearing on FCC pitch to close offices
June 8, 2015
The U.S. House Subcommittee on Communications and Technology, chaired by Rep. Greg Walden (R-OR), has scheduled a hearing for June 11 to review the Federal Communications Commission’s proposal to close 16 of 24 field offices, including the one in Puerto Rico.
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‘Caribbean Health Summit’ to focus on medical tourism
June 8, 2015
Puerto Rico is moving quickly to position itself as a leading medical tourism destination in the Caribbean and Latin America, looking to become the preferred choice of potential patients from the U.S. mainland.
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Liberty Global, Searchlight close Choice Cable TV deal
June 4, 2015
Just shy of six months after announcing its intentions, Liberty Cablevision of Puerto Rico LLC confirmed Wednesday the closing of the acquisition of Puerto Rico Cable Acquisition Company Inc., which does business on the island as Choice Cable TV.
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San Juan Tech Meetup to host venture accelerator event
June 3, 2015
Saying that venture accelerators “are spawning thousands of companies every year,” Ken Kay founder of San Juan Tech Meetup announced the group will be hosting a forum titled “What is a Venture Accelerator?” this Thursday, starting at 6 p.m. at the Capitol.
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Planning Board: P.R. economic growth at -1.3% in FY ’15
June 1, 2015
Puerto Rico Planning Board President Luis García-Pelatti told lawmakers over the weekend that the island will experience negative economic growth of 1.3 percent and 4.2 percent, respectively in Fiscal 2015 and 2016, when the scenario is looked at from a pessimistic point of view.
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Luis Muñoz Marín Int’l Airport marks 60 years of service
May 29, 2015
Aerostar Airport Holdings, operators of the Luis Muñoz Marín International Airport, on Thursday marked the facility’s 60th anniversary, emphasizing its important role in Puerto Rico’s development, infrastructure and competitiveness.
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PRMA suggests remedial steps for gov’t fiscal problems
May 29, 2015
During the opening day of its annual convention Thursday, the Puerto Rico Manufacturers Association delivered a list of recommendations — including cutbacks, government restructuring and fiscal measures — to administration officials, in hopes of doing its part to help the island pull out of its economic crisis.
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Sabrina Bottling expands Luquillo operations
May 29, 2015
Puerto Rican company Sabrina Bottling Group is expanding its operations in Luquillo to increase its production of handmade sangria on an industrial scale, company officials, accompanied by Puerto Rico Industrial Development Company representatives, announced Thursday.
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T-Mobile pursuing growth despite economic scenario
May 28, 2015
Puerto Rico’s wireless sector has been stagnant since 2011, with five carriers fiercely competing for their wedge of a market that reflects an 89 percent penetration rate — well below many jurisdictions in the Americas.
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