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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Hyatt House San Juan opens in Convention Center zone
October 9, 2014
Hyatt House San Juan officially opened its doors Wednesday, becoming Puerto Rico’s first extended stay hotel and is the brand’s first Hyatt House hotel outside of the continental United States, company and government officials said.
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8 small businesses picked to operate in Roosy Roads
October 8, 2014
The Roosevelt Roads Redevelopment Authority announced the selection of eight microbusinesses from Puerto Rico’s eastern flank to establish operations inside the former Navy base that is currently being repurposed for public access.
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Walmart ‘tells its story’ in new institutional ad campaign
October 8, 2014
Walmart Puerto Rico announced the launch of a campaign in which partners, suppliers, manufacturing, agribusiness representatives and nonprofit entities take part in relating the the “positive impact that the presence of this company on the island has had on their lives and their businesses.”
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Study: Puerto Ricans’ personal wealth down 22%
October 7, 2014
Puerto Rico residents have seen their personal wealth levels drop by a whopping 22 percent between 2009 and 2013, based on the performance of the Puerto Rico Stock Index over that same period of time, according to an analysis of the numbers by private firm H. Calero Consulting.
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Doral, Rooms to Go offer joint financing alternatives
October 7, 2014
Doral Mortgage and furniture retailer Rooms to Go recently announced a partnership to offer customers special financing offers on loans closed before Nov. 20, 2014.
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Casiano Communications files for Ch. 11 bankruptcy
October 6, 2014
Casiano Communications Inc., parent company of weekly English-language business publication Caribbean Business and a number of other subsidiaries, filed for Chapter 11 bankruptcy protection Monday, citing more than $8.5 million in debt.
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Puerto Rico bankruptcies up 3% in Sept., 903 cases filed
October 3, 2014
A total of 903 bankruptcy cases were submitted in Puerto Rico last month, with Chapter 13 — those applicable to individuals — leading the filings that resulted in a 3 percent year-over-year increase in activity, preliminary results released by research firm Boletín de Puerto Rico showed Thursday.
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Puerto Rico Agriculture Dept. lands $524K USDA grant
October 3, 2014
The U.S. Department of Agriculture announced Thursday a round of funding to strengthen markets for specialty crops, such as fruits, vegetables, tree nuts, horticulture and nursery crops, which will benefit Puerto Rico with a $524,511 grant to the Agriculture Department.
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Puerto Rico retail sales dip 1.12% in July
October 3, 2014
Puerto Rico’s retail activity saw a slight dip in July, when activity was down 1.12 percent to $3.10 billion, from the $3.14 billion reported for the same month in 2013, figures released by Puerto Rico Trade and Commerce showed Thursday.
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Puerto Rico Supplies Group expands farmers network
October 3, 2014
With an investment of more than five $5 million, Puerto Rico Supplies Group announced Thursday a partnership with a farmers network on the island to boost production of and create jobs.
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Puerto Rico Treasury Dept. unveils revamped website
October 3, 2014
The Puerto Rico Treasury Department unveiled Thursday its redesigned website, to among other things, promote “greater transparency and easier access to information and services,” agency Secretary Melba Acosta said.
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