Science Trust wins $50K in SBA Growth Accelerator Fund competition
May 22, 2023
The Science Trust competed in the underserved communities category and was the only entity representing Puerto Rico in the funding round. #NewsismyBusiness
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O’Reilly expands to Puerto Rico after initial attempt in 2020
May 22, 2023
The Missouri-based auto parts retailer will open two stores and a distribution center. #NewsismyBusiness
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Puerto Rico/USVI get $300M from USDA to advance clean energy deployment
May 17, 2023
The funds will be available through two new programs under the Inflation Reduction Act. #NewsismyBusiness
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‘Above average’ public transit spending fuels private vehicle use
May 16, 2023
The island outranked all other states and territories, followed by Wyoming and Alabama in the top bracket of places with the highest vehicle miles traveled, and therefore lowest transit ridership, as people favor using their personal vehicles. #NewsismyBusiness
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Study: STRs not to blame for Puerto Rico’s housing affordability challenges
May 15, 2023
In the study, Foundation for Puerto Rico covered the factors impacting housing and rent prices on the island, examining several causes. #NewsismyBusiness
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Puerto Rico bankruptcies up 10.2% YOY in April
May 10, 2023
So far this year, corporate filings under Chapter 11 more than doubled to 15. #NewsismyBusiness
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Liberty Puerto Rico reports $366M in revenue in 1Q23
May 10, 2023
Liberty Puerto Rico’s postpaid base grew during the quarter and continued to record exceptionally low levels of churn. #NewsismyBusiness
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Comptroller’s Office: Roosevelt Roads redevelopment lagging
May 3, 2023
The Comptroller’s Office urged the governor and the Legislative Assembly “take the appropriate measures with respect to the delay in the redevelopment of the land and facilities of the Naval Station.” #NewsismyBusiness
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ABRE Puerto Rico report shows 60% of towns have operated in the red
May 3, 2023
The index relies on 13 indicators with information extracted from municipal audited financial statements. #NewsismyBusiness
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Verdanza Hotel sold to joint venture by owners of Vivo Beach Club, Interlink
April 28, 2023
The transaction had been in the works since last year and closed Thursday. #NewsismyBusiness
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Popular Inc. reports net income drop in 1Q23 due to deferred tax asset
April 27, 2023
In the report, Popular Inc. confirmed net interest income of $531.7 million in the most recent quarter, compared to $494.3 million for the same year-ago period. #NewsismyBusiness
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Sunnova marks 10 years in Puerto Rico with aggressive expansion plans
April 27, 2023
CEO discusses plans, including the launch of new federal incentives to enable more Puerto Rico consumers to finance solar energy systems. #NewsismyBusiness
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First BanCorp. reports $70.7M in 1Q23 net income
April 26, 2023
Net interest income reached $200.9 million for the first quarter of 2023, compared to $185.6 million for the first quarter of 2022, and $205.5 million for the quarter ended Dec. 31, 2022. #NewsismyBusiness
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GustitosGO rewards program expanding in Puerto Rico, Panama
April 24, 2023
So far, GustitosGo has issued $2.6 million in Gustazos G-Credits. #NewsismyBusiness
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FCC extends Universal Service support for Puerto Rico telco’s
April 21, 2023
Current recipients of mobile support can receive a portion of their current funding for up to 24 months. #NewsismyBusiness
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