Utuado senior housing project gets $400K federal award
January 16, 2014
The Federal Home Loan Bank of New York announced Wednesday the award of a $400,000 grant to Pathstone, Inc. to help finance the Valle Dorado project, which will construct a new building providing 32 affordable homes for very low-income seniors in Utuado.
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Spanish bookstore chain opening 1st Puerto Rico store
January 16, 2014
Spanish bookstore chain Beta Bookcafé will open its first store in Puerto Rico, and the region, in Carolina on Jan. 31, company officials announced Wednesday.
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Fuddruckers opens 1st location in Dominican Republic
January 16, 2014
Texas-based burger franchise Fuddruckers is expanding its Caribbean presence with the opening of its first Dominican Republic restaurant in Santo Domingo through a partnership with franchisee Eduardo J. Gadala-María and Giancarlo Bonarelli, the company announced.
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Bhatia’s energy bill gains private-sector support
January 15, 2014
A number of prominent private-sector leaders expressed their support Tuesday of Senate Bill 837, which proposes to create the Puerto Rico Energy Regulatory and Oversight Commission to, among other things, begin reeling in local electricity costs.
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Governor appoints 3 to Ponce Port Authority board
January 15, 2014
Gov. Alejandro García-Padilla submitted nominations to the Senate designating three new directors to the Ponce Port Authority, La Fortaleza announced Tuesday.
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Puerto Rico gov’t health plan adoption driving market
January 14, 2014
The market dominance of government-based healthcare coverage in Puerto Rico is driving managed care organizations to cover more generic drugs as fewer residents can afford more expensive plans, according to a recent report released by Mass.-based healthcare industry analyst firm Decision Resources Group.
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Claims Software Dev., Science Trust join to spur 75 jobs
January 14, 2014
Puerto Rico Science, Technology and Research Trust officials announced Monday the signing of a collaborative agreement with Claim Software Development Inc. to create 75 new jobs for professionals dedicated to developing technologies in health informatics mainly for Puerto Rico, the U.S. mainland and Latin America.
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Appointments at Scrub Island, Sacred Heart Univ, AT&T
January 13, 2014
Scrub Island Resort, Sacred Heart University and AT&T have made recent executive appointments filled by Puerto Ricans or that will affect the island from abroad.
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Reinhold’s Morrow gets Lifetime Achievement Award
January 13, 2014
Marie Helene Morrow, owner of Reinhold Jewelers in Puerto Rico, received the GEM Award for Lifetime Achievement at the 12th annual GEM Awards held this weekend in New York, hosted by the Jewelry Information Center.
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Columbus Business Solutions grants scholarship
January 13, 2014
Information technology firm Columbus Business Solutions has teamed up with the Polytechnic University to provide scholarships to engineering or computer science students, to help them cover their tuition fees and offer internships to help them get real work experience.
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Puerto Rico revenues up $190M in Dec., IVU falls short
January 10, 2014
Puerto Rico Treasury Secretary Melba Acosta released Thursday preliminary revenue numbers for December, totaling $913 million, up by $190 million, or 26 percent, compared to last year.
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Sports Authority hiring for new Puerto Rico locations
January 10, 2014
Sporting goods retailer Sports Authority announced Thursday it will be hiring 200 people for the company’s two newest locations in Plaza Las Américas and Plaza Carolina, which are set to open in early April 2014.
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Gov’t assigns $25M to retain, create jobs for youth
January 9, 2014
The Workforce Development Administration and the Office of Youth Affairs announced Wednesday a joint initiative that will provide $25 million to create and retain jobs for employees between 18 and 29 years old.
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Seaborne Airlines ranks 6th in ‘storylines to watch’ list
January 9, 2014
Miami-based online publication Caribbean Journal recently ranked Seaborne Airlines in 6th place in its list of the top 21 storylines to watch in 2014. The past year has been a busy one for the regional carrier, which last month announced the move of its headquarters from St. Croix, to San Juan in the first quarter […]
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Puerto Rico retail sales down 1.6% YOY in September
January 8, 2014
Puerto Rico’s retail sales were down 1.6 percent year-over-year in September — the most recent statistic available for the sector — when some $2.84 billion in activity was reported.
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