Puerto Rico bankruptcies up 2.2% in July, vs. 2022
August 8, 2023
So far this year, 2,376 petitions have been filed at the U.S. Bankruptcy Court. #NewsismyBusiness
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University of Puerto Rico Retirement Board sues college administration for $58M
August 7, 2023
The UPR formally established the Retirement System Trust of the University of Puerto Rico in 2016. #NewsismyBusiness
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USDA calls on rural co-ops to pursue funding for solar energy systems
August 2, 2023
Rural cooperatives, including current and previous USDA borrowers, must submit their Letters of Intent on or before 11:59 p.m., Sept. 15, 2023. #NewsismyBusiness
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First BanCorp. reports net income of $70.7M
July 28, 2023
Puerto Rico’s economy is strong enough to mitigate the recent interest rate increases implemented by the Federal Reserve to fight inflation in the U.S. economy, First BanCorp. CEO Aurelio Alemán said. #NewsismyBusiness
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Puerto Rico not included in RaceTrac’s acquisition of Gulf operations
July 7, 2023
Best Petroleum Corp., which has the rights to the Gulf brand in Puerto Rico, said the deal excludes the island’s operations. #NewsismyBusiness
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Crumbl cookies opening 1st store in Puerto Rico in Bayamón
July 5, 2023
The store will open at the Plaza del Parque shopping center, with more to come in 2024. #NewsismyBusiness
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5 small businesses in Puerto Rico get American Express grants
July 5, 2023
The funding aims to help the businesses cover marketing expenses, capital improvements, and physical and technological upgrades and other costs. #NewsismyBusiness
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San Juan ranks among most expensive cities to live for employees
June 30, 2023
The firm’s 2023 Cost of Living Survey shows that Puerto Rico sits significantly high in the ranking that included 227 cities from across five continents. #NewsismyBusiness
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Ports Authority gets $3M to improve Puerto Nuevo pier Avenue C
June 29, 2023
Avenue C is the only access roadway serving the Puerto Nuevo Port Zone’s eight eastern piers. #NewsismyBusiness
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Salt Labs helps hourly workers build future through rewards app
June 28, 2023
The loyalty app enables frontline workers to earn a reward currency called "Salt" for every hour that they work. #NewsismyBusiness
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Owners of Red Flamboyán open $500K hotel in Rincón
June 12, 2023
The Puerto Rican family, headed by Juan González, confirmed the new addition will be officially inaugurated on June 19. #NewsismyBusiness
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$1.2B preliminary agreement reached in PFAS pollution fight in US
June 5, 2023
It is not clear how Puerto Rico would benefit from this agreement, if at all, yet. #NewsismyBusiness
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Puerto Rico gov’t sues 20 companies for PFAS contamination
June 1, 2023
The complaint responds in part to the release in March of proposed drinking water standards by the EPA that limit the maximum acceptable contaminant levels in drinking water. #NewsismyBusiness
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San Juan municipal gov’t rolls out ordinance regulating short-term rentals
May 25, 2023
The regulation establishes an STR registry and licensing process run by the city’s Permits Office. #NewsismyBusiness
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Jenny Craig Puerto Rico confirms closing of local stores
May 24, 2023
It was in business on the island for 34 years. #NewsismyBusiness
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