2nd Famous Dave’s restaurant opens in Bayamón today
April 28, 2014
A year after making its local debut in Carolina, Famous Dave’s is opening its second BBQ restaurant in Bayamón today — a $2 million, 6,000 square-foot operation that will generate 275 jobs.
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P.R. Products Assoc. unveils proposals, elects new board
April 28, 2014
The Puerto Rico Products Association held its annual convention this weekend, when it unveiled its proposals for economic development as well as elected its new board of directors.
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Puerto Rico in hot pursuit of stateside investors
April 25, 2014
Puerto Rico is in hot pursuit of the wealthiest stateside investors, with the public and private sectors banding together to showcase the benefits — both legal and natural — that the island has to offer.
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Claro connects Puerto Rico to 100 Gigabit-capable cable
April 25, 2014
Puerto Rico on Thursday became the final connecting point of a $1.1 billion high-speed submarine cable system deployed by telecommunications provider América Móvil that is capable of offering broadband transmission speeds of up to 100 Gigabits per second.
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WEF report: Puerto Rico experimenting ‘digital paradox’
April 24, 2014
Puerto Rico slipped five notches to 41st place in this year’s World Economic Forum’s Global Information Technology Report, yet remains ahead of other countries in the region in terms of connectedness, local experts said Wednesday upon analyzing the results.
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Popular scaling back stateside opps, earns $86.4M in 1Q
April 24, 2014
Popular Inc. confirmed Wednesday it will be scaling back its U.S. mainland operations by divesting its branches in California, Illinois and Central Florida and centralizing certain back office operations in Puerto Rico and New York.
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Liberty Puerto Rico turns to cloud to personalize service
April 24, 2014
Liberty Puerto Rico is partnering with technology provider ActiveVideo to launch of a cloud-based personalized user interface that uses real-time viewing metrics to display program popularity and offers insight into how viewers find television content in a social context.
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Sheraton Old San Juan completes $4M in renovations
April 24, 2014
The Sheraton Old San Juan Hotel & Casino has completed an extensive, $4 million renovation of its facilities, including upgrades to guest room, corridors, and key public areas, the Palio Restaurant, as well as building exteriors and new technology, sales and marketing director Armando Emanuelli said Wednesday.
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Ports: Cruise ship business up 15.2% in San Juan
April 24, 2014
Cruise ship business at the Port of San Juan is up 15.2 percent for the first nine months of the fiscal year, representing an increase of 124,619 passengers year-over-year, Puerto Rico Ports Authority Executive Director Víctor Suárez said Wednesday.
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Honeywell Aerospace to open new $35M high-tech lab
April 23, 2014
Honeywell Aerospace announced an agreement with the government to establish a new $35 million electromagnetic compatibility and environmental test laboratory in the mountain town of Moca.
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USDA assigns $6.6M to fix Puerto Rico sewage systems
April 23, 2014
The Puerto Rico Aqueduct and Sewer Authority and the Municipality of Hatillo are getting a combined $6.6 million from the U.S. Department of Agriculture to improve sanitary sewer system projects in rural areas, the agency announced Tuesday.
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Puerto Rico to host ’14 Investment Summit April 24-25
April 22, 2014
The Puerto Rico Investment Summit, a two-day conference held in collaboration with the Department of Economic Development and Commerce of the Commonwealth of Puerto Rico and Paulson & Co., will be held later this week, focusing on Puerto Rico as a business and investment destination.
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Moneyhouse, Mueblerías Berríos to help homebuyers
April 22, 2014
In keeping with their philosophies of pitching in to move Puerto Rico’s economic development forward, mortgage bank Moneyhouse and local furniture chain Mueblerías Berríos announced Monday a partnership to help homebuyers through their transactions.
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Toyota Chief: P.R. has ‘highest acceptance’ in N. America
April 21, 2014
New York — When it comes to selling cars in the Americas, Toyota has found a very vibrant and accepting market in Puerto Rico, where it has a tight grasp on about 30 percent of the auto sales quota, which in comparison to the rest of North America is significantly high.
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Guayacán Venture Accelerator trains local co.’s to expand
April 21, 2014
This summer, Grupo Guayacán will pick 15 local companies to participate in the Guayacán Venture Accelerator, a program that includes advanced executive education, as well as feedback from local and international investors to support the companies’ plans for expansion in Puerto Rico and beyond.
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