Bettina Cosmetics invests $2M in new plant in Dorado
November 24, 2014
Puerto Rican manufacturer Bettina Cosmetics announced a $2 million investment in improvements, machinery and equipment as part of its agreement with the Puerto Rico Industrial Development Company to move into new facilities in Dorado.
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PrimerPeso.com gives start-ups tech tools to grow
November 24, 2014
As part of a sweeping inter-agency effort, and backed by Code for America, government officials announced this weekend the birth of PrimerPeso.com, an online platform that aims to give start-ups and established small businesses in Puerto Rico the tools needed to access financing to launch or expand their operations.
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PR Community Foundation launches $500K fund
November 24, 2014
The Puerto Rico Community Foundation recently launched the Community Investment Fund to attract public and private investors into an instrument whose purpose is to provide access to capital to nonprofit organizations.
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Gov’t, airport officials unveil LMM’s new $130M terminal
November 21, 2014
Gov. Alejandro García-Padilla accompanied Aerostar Airport Holdings officials Thursday for the inauguration of the Luis Muñoz Marín International Airport’s Terminal B, after the completion of a yearlong, $130 million renovation.
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T-Mobile Puerto Rico is among ‘most profitable’ units
November 20, 2014
T-Mobile Puerto Rico is ending a very active 2014, during which it set out to break industry rules by launching a slew of offers — including doing away with annual contracts and unleashing unlimited data for smartphones and tablets.
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Broadband adoption up across island, but gaps remain
November 19, 2014
Home broadband adoption in Puerto Rico increased by 15 percentage points between 2010 and 2014, surging from 31 percent to 46 percent of adults using the service, according to Connect Puerto Rico’s 2014 broadband survey results released Tuesday.
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Claro wraps up ’14 with $100M in capital upgrades
November 19, 2014
Telecommunications provider Claro de Puerto Rico will wrap up 2014 with a total of $100 million in capital investments in its fiber optic network, mobile infrastructure and application development — among other improvements — to be able to offer customers “the best cutting-edge technology” available, company President Enrique Ortiz de Montellano said Tuesday.
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New stores opening at Plaza Las Américas for Christmas
November 19, 2014
The Plaza Las Américas shopping center in Hato Rey is gearing up to welcome a handful of new tenants slated to open new stores in time for the Christmas season.
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7 eco-friendly nonprofits split $100K from Toyota
November 19, 2014
Looking to further its commitment to contributing to Puerto Rico’s quality of life, the Toyota Foundation announced Tuesday the winners of its environmental grants program, which this year distributed $100,000 among seven nonprofits working on eco-friendly initiatives.
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Puerto Rico’s 1st IT sector study reveals growth potential
November 18, 2014
Puerto Rico’s information technology industry generated nearly 3,000 jobs this year, split among 55 of the largest companies doing business on the island.
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H3 Tech conference to promote sector get-together
November 18, 2014
Puerto Rico’s technological sector has taken a pivotal role in the ongoing growth of the island’s entrepreneurial ecosystem, a phenomenon that has prompted the celebration of the upcoming H3 Tech Conference on Nov. 21-22, to give so-called "Hustlers,” "Hipsters," and "Hackers" the forum to exchange ideas, experiences and knowledge.
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Executive appointments at tax firm, hotels
November 17, 2014
Several hotels and a tax firm based in Puerto Rico announced executive appointments recently.
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P.R. Treasury: At $676M, Oct. revenues beat estimates
November 13, 2014
Puerto Rico General Fund revenue collections reached $676 million in October, beating government estimates by $7 million. However, the results were $185.6 million less when bumped up against October 2013 figures.
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Puerto Rico’s 1st Olive Garden breaks global sales record
November 13, 2014
More than 150,000 people sat down for an Italian meal at Puerto Rico’s first Olive Garden restaurant during its first three months of operations, shattering world records for the chain worldwide, franchisee Restaurant Operators Inc. said Wednesday.
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Horizon Lines exiting Puerto Rico market by year’s end
November 12, 2014
Fifty-six years after it began offering cargo services between Puerto Rico and the U.S. mainland, Horizon Lines Inc. announced Tuesday that it would cease providing liner service by the end of 2014, citing “continuing losses without the prospect of future profitability.”
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