Governor proposes overhaul of Puerto Rico tax structure
February 11, 2015
Puerto Rico Gov. Alejandro García-Padilla offered a televised speech Tuesday in which he outlined his proposal for overhauling the island’s current tax system to what he described as a “simpler and fair one.”
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Popular’s small business loan activity at $280M in ’14
February 11, 2015
Banco Popular officials said Tuesday commercial lending activity for Puerto Rico’s small and mid-sized business segment reached $280 million in 2014, a 25 percent year-over-year increase that shows “an encouraging picture.”
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Ports Authority gets $6.4M to dredge San Juan bay area
February 11, 2015
Ports Authority Executive Director Ingrid C. Colberg-Rodríguez, announced Tuesday that the federal government has allocated $5.7 million for maintenance of commercial shipping and $700,000 to analyze the dredging the San Juan bay.
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Anna’s Linens closing 3 of its 7 Puerto Rico stores
February 11, 2015
Home goods retailer Anna’s Linens — which made its local debut less than three years ago — is closing three of its seven stores in Puerto Rico, this media outlet confirmed Tuesday.
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Puerto Rico tech sector does poorly in national ranking
February 10, 2015
Puerto Rico’s technology sector offers the lowest average pays nationwide and is lagging when it comes to job opportunities, according to this year’s Computing Technology Industry Association’s “Cyberstates: State-by-State analysis of the U.S. Tech Industry” report, to be made public later today.
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EDB unveils 2 financing programs for gov’t contractors
February 10, 2015
The Economic Development Bank for Puerto Rico recently unveiled two new financing options for local and federal government contractors, with the goal of promoting procurement, agency President Joey Cancel said.
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Puerto Rico produces more than 1.2M pounds of rice
February 10, 2015
Agriculture Secretary Myrna Comas said during a Senate hearing Monday that Puerto Rico produces more than 1.2 million pounds of rice on about 350 acres of land as part of a Food Safety Plan launched by the current administration.
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Statistics Institute chief named to U.S. labor stats team
February 10, 2015
The Executive Director of the Puerto Rico Statistics Institute, Mario Marazzi-Santiago announced Monday that he has been appointed to serve as a member of Data Users Advisory Committee of the U.S. Bureau of Labor Statistics.
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LMM airport employees, crew get 15% discount at shops
February 10, 2015
Starting this week, all Luis Muñoz Marín International Airport employees, as well as airline crews, will be afforded a 15 percent discount on products purchased at convenience stores operated by the airport’s manager, Aerostar Airport Holdings.
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Yale adopts Ciencia Puerto Rico platform for project
February 10, 2015
Yale University has established a strategic alliance with Puerto Rican scientific organization, Ciencia Puerto Rico, to create together the "Yale-Science Initiative" to increase outreach, education, and participation in scientific careers worldwide, the New Haven, CT-based college announced Monday.
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Doral grants $20K for Kiva Zip Puerto Rico microloans
February 10, 2015
Doral Bank, through its Fondo Doral initiative, announced Monday a $20,000 donation to Foundation for Puerto Rico to contribute to the development of the Kiva Zip Puerto Rico microloan platform.
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Fogo de Chão opens 1st eatery in Puerto Rico today
February 9, 2015
Southern Brazilian Steakhouse, Fogo de Chão, known for it’s upscale “churrasco” cuisine, is opening its doors in San Juan today, marking the arrival of the chain to Puerto Rico and the Caribbean.
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Join a Join drives Puerto Rico’s vacation rental market
February 9, 2015
Join a Join, an online platform that offers travelers safe and cost-effective alternatives to hotel stays, has signed up more than 800 rental properties across Puerto Rico since it began operating in late 2013 to promote a new way of experiencing the island.
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Education, tech firm Declara partner for online platform
February 9, 2015
The Puerto Rico Department of Education recently partnered with Silicon Valley-based Declara to launch a pilot project to connect secondary-level teachers on a single content-rich platform where they will develop professional learning communities, support each other in their endeavors, share best practices and success stories.
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Reality Realty opens new $1M branch in Santurce
February 9, 2015
Puerto Rican real estate firm Reality Realty recently opened a new branch in Santurce, following a $1 million investment for the 6,000 square-foot location.
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