VAPR Federal Credit Union opens new $9M HQs
May 21, 2014
VAPR Federal Credit Union inaugurated Tuesday its new $9 million, 7,000 square-foot headquarters on Route 177 in Guaynabo, which house administrative offices and a branch. Credit union officials offered details of the new investment during a news conference.
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IHOP opens 3rd Puerto Rico location in Carolina
May 20, 2014
IHOP Restaurants, famous for its pancakes and a full menu of other breakfast, lunch and dinner choices, officially opened its third restaurant in Puerto Rico on Monday at Los Colobos Shopping Center in Carolina, in partnership with local franchisee Encanto Sunrise Inc.
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DirecTV Puerto Rico moves into $5M HQs in Hato Rey
May 20, 2014
A day after announcing its participation in a $48.5 billion merger with AT&T, DirecTV unveiled Monday its new $5 million Puerto Rico headquarters, located at the heart of the Golden Mile in Hato Rey.
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Oriental OKs $2.8M loan to Alco High Tech Plastics
May 20, 2014
Oriental Financial Group’s banking division recently granted a $2.8 million loan to Alco High Tech Plastics, a manufacturing company in Corozal, through the Small Business Administration’s 504 program, it was announced Monday.
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75% of region’s youths turn to web when job searching
May 19, 2014
To understand the opinion of young Latin Americans when it comes to searching for a job, Universia, an international organization offering aid to universities around 23 countries throughout Ibero-America, and Trabajando.com, an association comprising several companies, recently conducted the first Employment Survey of 2014, focusing on “means of recruitment.”
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Lexus scholarships for the arts take environmental twist
May 19, 2014
After more than 10 years promoting the ideas, creativity and critical thinking of developing artists, the Lexus Artists Scholarships program has taken a new turn this year in favor of the environment.
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Pearle Vision looking for Puerto Rico franchisees
May 16, 2014
Pearle Vision optical retailer announced today plans to convert 11 of its neighborhood eye care centers in Puerto Rico from company-owned to licensee-owned.
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Treasury says Doral not entitled to $230M tax refund
May 16, 2014
Following a “deep analysis,” the Puerto Rico Treasury Department denied Doral Financial Corp.’s request for a refund of $230 million it claims to have overpaid in taxes, voiding an agreement struck in March 2012.
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Hospitality, retail, shipping industries appoint executives
May 16, 2014
A handful of executives recently began their tenures in Puerto Rico's private sector.
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Puerto Rico Restaurant Week, JetBlue host tasting
May 16, 2014
The second edition of Puerto Rico Restaurant Week is underway this week, with 40 participating restaurants offering some of their best dishes to local and visiting foodies.
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AGC gives engineering students shot at scholarships
May 16, 2014
The Puerto Rico Chapter of the Associated General Contractors of America announced Thursday the availability of scholarships for electrical, civil and mechanical engineering students with a 3.0 or higher grade point average and economic need through the group’s Financial Assistance Program.
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Groups weigh in on government revenue shortfall
May 15, 2014
Two of the island’s largest private-sector trade groups, the Puerto Rico Chamber of Commerce and the CPA Society, weighed in Wednesday on the possible reasons for the $442 million revenue shortfall the Treasury Department reported for the month of April.
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Ritz-Carlton San Juan’s new GM seeks industry unity
May 15, 2014
The Ritz-Carlton San Juan recently brought back a familiar face to helm its operations, Jacqueline Volkart, who is intent on putting the property at the forefront of preferred locations for business and pleasure travel.
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Krispy Kreme to open 600th int’l location in Carolina
May 15, 2014
Krispy Kreme will celebrate the opening of its 600th international store and its 7th in Puerto Rico this weekend in Carolina. The store is set to open May 17 by local franchise partner Caribbean Glaze Corp., company officials said Wednesday.
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Puerto Rico gov’t to offer mortgage-refinancing program
May 14, 2014
Some 10,000 low- and moderate-income families residing in Puerto Rico stand to benefit from the “Ahorro Hipotecario” program, which offers mortgage-refinancing opportunities through the Housing Finance Authority, Gov. Alejandro García-Padilla said Tuesday.
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