Economist: Island recession not consumption-driven
September 8, 2014
The recession that has affected Puerto Rico’s economy for the better part of the last eight years has not been consumption-driven, but has been the worst in terms of consumption deceleration, especially in the area of durable consumption, an analysis by economist firm H. Calero Consulting Group Inc. concluded.
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TRB to help Puerto Rico entities request FCC funding
September 8, 2014
The Puerto Rico Telecommunications Regulatory Board will be working with local entities interested in presenting proposals to the Federal Communications Commission’s Rural Broadband Experiments program, which has $100 million available to assign across the U.S. and its territories.
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Lopito, Ileana & Howie opens remodeled office space
September 8, 2014
Framed in a creative vibe and in the company of clients, employees, artists and advertising industry executives, agency Lopito, Ileana & Howie recently opened its remodeled workspace, marking 42 years in business.
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Nat’l University inaugurates $6M Río Grande expansion
September 8, 2014
Just in time for the new semester, National University College recently inaugurated a $6 million expansion to its Río Grande campus, expanding its capacity there to 2,800 students, institution President Gloria Baquero said.
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Medtronic marks 40 years of innovating in Puerto Rico
September 5, 2014
Medical device maker Medtronic Puerto Rico Operations Co. is marking a milestone — 40 years of presence on the island — with a strong track record and expectations for maintaining its status as a “hub” of innovation for the global giant.
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Piloto 151 wins $50K prize through SBA competition
September 5, 2014
Pilot 151, a co-working space in San Juan whose mission is to enable entrepreneurs to create global companies in an environment conducive to productivity and innovation, was one of 50 accelerators chosen to receive a $50,000 cash prize from the U.S. Small Business Administration.
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Puerto Rico retail sales up 1.7% in June
September 4, 2014
Puerto Rico’s retail sales reflected a slight 1.7 percent jump year-over-year in June, when economic activity exceeded $3.1 billion, according to data released by Puerto Rico Trade and Export Wednesday.
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Claro connects medical e-record services via broadband
September 4, 2014
Telecommunications provider Claro announced Wednesday it has been selected by medical solutions firm DgMed to provide mobile broadband services to assist medical staff convey health-related data for patients receiving hospice or home care.
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First 2 Nissan LEAFs delivered in Puerto Rico
September 4, 2014
Nissan announced Wednesday it has delivered the first two Nissan LEAF all-electric vehicles, appropriately, to a family-owned business dedicated to renewable energy projects.
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Puerto Rico ranks 32nd in ’15 WEF report, slips 2 notches
September 3, 2014
Puerto Rico improved its standing in the World Economic Forum’s annual Global Competitive index, taking 32nd place in the 2014-2015 list and climbing two notches from last year.
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Bacó: Gov’t sees medical tourism as economic spoke
September 3, 2014
Several decades after the term was first tossed around as a potential revenue-generator for Puerto Rico, high-ranking government officials announced Tuesday the start of a formal effort to develop medical tourism as an economic sector for the island.
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Subway opens 8 local shops featuring ‘Metro Décor’
September 3, 2014
Following a $200,000 investment, the Subway restaurant chain recently opened eight stores in Puerto Rico under the new “Metro décor” prototype, whose goal is to provide a nicer ambiance for customers while responding to public preferences and current industry trends, company officials said Tuesday.
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4 entities short-listed for Roosy Roads development bid
September 2, 2014
Local Redevelopment Authority for Roosevelt Roads, known as LRA for short, announced Sunday that four entities to move on to the final round of the process to choose a master developer for the former naval base in Ceiba.
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NSU striving to become learning ‘gateway’ to Americas
August 29, 2014
Nova Southeastern University President George L. Hanbury, on hand for the official inauguration of the college’s new regional campus in Puerto Rico, said Thursday among the institution’s goals is becoming a “gateway to Central and South America for education and the health sciences.”
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COSSEC adopts tech strategies, investment tools
August 29, 2014
The Corporation for the Supervision and Insurance of Puerto Rico Cooperatives, known as COSSEC in Spanish, has adopted a new policy of modernization, innovation and technology to facilitate information between co-ops and the government, President Daniel Rodríguez-Collazo said Thursday.
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