CPAs to host seminar on incentives, Jobs Now Act
October 2, 2013
The Puerto Rico CPA Society, in collaboration with the Economic Development Bank and Puerto Rico Trade and Export, will offer a three-hour seminar about the incentives program available with the approval of the Jobs Now Act.
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S&P revises outlook on Puerto Rico COFINA bonds
October 1, 2013
Basing its assessment on Puerto Rico’s declining economy and population, Standard & Poor's Ratings Services revised Monday its outlook on Puerto Rico Sales Tax Financing Corp.'s (known as COFINA) first- and second-lien bonds to negative from stable.
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MIDA warns national tax will hike prices, end businesses
October 1, 2013
Thousands of jobs, businesses and consumer pockets are being threatened by a new national tax included in the Tax Burden Redistribution and Adjustment Law, which the Marketing, Industry and Food Distribution Chamber warned Monday could have “devastating effects.”
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Study: Exporting is costly for small, mid-sized companies
September 30, 2013
Puerto Rico’s small and mid-sized businesses have a variety of possibilities for expansion in foreign markets that provide great potential to export their products and achieve greater economic strength and growth, although few have departments currently engaged in foreign trade.
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Gov’t opens call for Green Energy Fund financing
September 30, 2013
Puerto Rico-based companies interested in benefiting from the government’s Green Energy Fund program will have from Oct. 1-5 to sign up and apply for financing online, José Maeso, executive director of the Energy Affairs Administration announced.
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Agriculture program spurs $676K in investments
September 30, 2013
The Puerto Rico Department of Agriculture will be signing agreements with 24 farmers in the Arecibo region to assign funding that will generate $676,132 in economic activity, agency officials said.
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Puerto Rico cattle co-op gets $128K USDA funding
September 30, 2013
Cooperativa Ganaderos de Res in Utuado has been selected to receive a $123,800 grant from the U.S. Department of Agriculture to develop a marketing plan, provide legal assistance and animal health and humane treatment training for its business.
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Skål International Puerto Rico convenes in Dorado
September 30, 2013
Some 56 travel and tourism professionals, members and guests of Skål International Puerto Rico recently met at Dorado Beach, A Ritz-Carlton Reserve, when they welcomed Tom White, president of the Skål International USA, among several high-ranking industry representatives.
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Labor relations professionals to sponsor conference
September 30, 2013
The Association of Labor Relations Professionals will be sponsoring its 5th Labor and Employment Law conference Oct. 2, focusing on a number of topics ranging from violence at work to retaliation.
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Puerto Rico Convention Bureau outlines ’14 strategies
September 26, 2013
Group business represents one-quarter of room nights booked at Puerto Rico’s top 10 largest meeting hotels, while the top market segments choosing the island for their meetings are corporate (41 percent), associations (34 percent) and social, military, educational, religious, fraternal organizations (25 percent), Milton Segarra, president of the Puerto Rico Convention Bureau said Wednesday.
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Treasury, GDB looking to broaden COFINA’s capacity
September 26, 2013
The government’s economic team, headed by Puerto Rico Treasury Secretary Melba Acosta and Government Development Bank Interim President José Pagán confirmed the introduction of a bill to expand the Sales Tax Fund Financing Corporation's (COFINA, by its Spanish acronym) capacity to issue bonds and facilitate the execution of a more cost-effective financing for the Commonwealth.
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PRHTA pleased with House study on illegal slots
September 26, 2013
The Puerto Rico Hotel and Tourism Association said this week it is “pleased” with the results of the final report for House Resolution 129 that ordered a study on the causes for casino closings on the island, which pointed to illegal slot machines as the cause.
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Metropistas on track with $30M highway improvements
September 26, 2013
Two years after taking over the management responsibilities of Puerto Rico’s highways PR-22 and PR-5 from the government, private operator metropistas has already invested $30 million in improvements, company officials said Wednesday.
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Full Circle Comm. marks 10 years, launches new division
September 26, 2013
Puerto Rican consulting, crisis management and public relations firm Full Circle Communications Inc. is marking its 10th anniversary with the launching of a new agency division focused on offering customized trainings to executives and managers, so they may become effective communicators.
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Meat Market Miami steak house opens in Isla Verde
September 25, 2013
Meat Market, a modern and contemporary steak house and seafood restaurant whose location in Miami is a magnet for celebrities, will open its second eatery in the Isla Verde sector of San Juan this Thursday, just in time for Puerto Rico's December-to-April peak tourism season.
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