Ana G. Méndez University System gets $464K from USDA
October 23, 2014
The Ana G. Méndez University System has been selected to receive a $463,862 grant from the U.S. Department of Agriculture to replace analog microwave radio transmitters with digital radio transmitters, Rural Development State Director for Puerto Rico José Otero said Wednesday.
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WORA TV switching to ABC5 Puerto Rico on Nov. 1
October 23, 2014
Beginning Nov. 1, Telecinco Inc.'s WORA station will begin operating as ABC5 Puerto Rico, offering the ABC Television Network’s full programming lineup throughout the island.
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Solavei wireless service finds success in Puerto Rico
October 22, 2014
Two years after making its debut in the Puerto Rico market, Washington-based Solavei has found success through its first-of-its kind social networking and commerce platform that enables customers to sign up for mobile voice and data services at a fraction of the competition’s cost.
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Locally produced newscast to debut on WAPA America
October 22, 2014
Starting Oct. 27 U.S. Hispanics will be able to watch a new Spanish-language primetime newscast produced specifically for the U.S. market by Puerto Rico's WAPA Television.
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USDA grants $153K to Puerto Rico for housing repairs
October 20, 2014
The U.S. Department of Agriculture recently granted Puerto Rico $153,345 to help rural families repair and rehabilitate their homes. The funding is included in a global $4.8 million the agency is doling out nationwide, U.S. Agriculture Secretary Tom Vilsack announced.
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Lilly to close Guayama plant in ’15 as part of realignment
October 17, 2014
Eli Lilly and Company announced Thursday plans to conclude production and pursue a sale of one of its Guayama plant, one of three operations it has in Puerto Rico. The site will remain in production until the end of 2015, company officials said.
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Puerto Rico auto sales on non-stop downward spiral
October 17, 2014
Auto sales in Puerto Rico continued their downward trend in Spetember, when 8.1 percent fewer vehicles went to new owners, marking the eighth consecutive month of this year showing negative results, according to numbers released Thursday by the United Automobile Importers Group.
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Telecom Board voicing need for transatlantic teamwork
October 16, 2014
The Puerto Rico Telecommunications Regulatory Board is taking an active role in the international arena, voicing a need for greater transatlantic coordination and collaboration efforts to benefit markets across the globe, which stand to gain a lot from existing and emerging technologies.
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Puerto Rico governor reshuffles fiscal team
October 16, 2014
Puerto Rico Gov. Alejandro García-Padilla announced changes to his fiscal team Wednesday that call for shifting Treasury Secretary Melba Acosta to the helm of the Government Development Bank, and naming Juan Zaragoza-Gómez as her successor at the agency. The governor also announced the appointment of Luis Cruz as director of the Office of Management and Budget.
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PR Tech Corridor gets $7M grant to curb unemployment
October 16, 2014
The Puerto Rico Technoeconomic Corridor in Mayagüez has been selected to receive more than $7 million in grant funding from the U.S. Department of Labor to join the effort to help curb long-term unemployment.
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Pulitzer winner: Investigative journalism ‘good business’
October 15, 2014
Investigative reporting is a long-standing practice in journalism known for its all-consuming nature when it comes to time and resources. However, becoming involved in this type of exercise — which can be said is becoming a lost art — is not only a media outlet’s way of performing its civic duty, but ultimately makes great business sense.
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EDB pumps $32.2M into Puerto Rico economy in 1Q15
October 15, 2014
The Economic Development Bank for Puerto Rico disclosed Tuesday that during the first quarter of Fiscal 2015, it has approved more than $32.2 million in 68 loans to businesses looking to expand or establish themselves on the island.
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Doral reps urge gov’t to honor tax agreement
October 14, 2014
On the heels of its legal victory last week, Doral Financial Corp.’s Economic Advisor Robert Shapiro on Monday urged the government of Puerto Rico to honor the tax agreement upheld by a local court, “for the sake of its credibility.”
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Polytechnic Univ., MAPFRE team up for scholarships
October 14, 2014
The Polytechnic University of Puerto Rico recently signed an agreement with MAPFRE Foundation through which the global insurance company will provide an annual scholarship for post-graduate studies in Spain and five annual scholarships for students specializing in e-learning studies focusing on insurance.
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Dunkin’ Donuts closes all Puerto Rico shops
October 9, 2014
More than 13 years after establishing itself on the island, Dunkin’ Donuts is pulling out of the Puerto Rico market, closing its 18 locations on the island that were operated by franchisee Wometco Donas Inc., this media outlet confirmed Wednesday.
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