Agencies list economic development initiatives launched since Jan.
April 24, 2013
The second Economic Development Summit took place at the Puerto Rico Convention Center Tuesday, when members of Gov. Alejandro García-Padilla’s economic team summarized what agencies have been up to since January to further the administration’s agenda to spur private-sector jobs and activity.
chat_bubble2 Comments
visibility3399 Views
Restaurant association balks at end of ‘Buen Provecho’ program
April 24, 2013
The Puerto Rico Restaurant Association balked at the the Family Department's Socioeconomic Development Administration’s decision to nix the “Buen Provecho” initiative that for the past 29 months allowed the elderly, homeless and handicapped persons to use their nutritional assistance funds to buy prepared fast-food meals.
chat_bubble0 Comment
visibility3324 Views
Banco Popular approves $40M for Carolina hospital
April 24, 2013
Banco Popular de Puerto Rico announced Tuesday it has approved a $40 million credit line for the construction of the San Fernando de la Carolina hospital in Carolina, a project the municipality announced late last year.
chat_bubble0 Comment
visibility3995 Views
P.R. Products Assoc. bestows excellence awards
April 24, 2013
With a varied representation of products and services from Puerto Rican companies this weekend, the Puerto Rico Products Association will confer its Awards for Excellence in Quality, reaffirming the importance of supporting and recognizing local entrepreneurs, the trade group said Tuesday.
chat_bubble0 Comment
visibility2645 Views
Pattern Energy execs confirm commitment to renewables
April 23, 2013
Top executives from Pattern Energy, owner and operator of the 101.2 mega-watt wind energy facility in Santa Isabel, met Monday with Economic Development and Commerce Secretary, Alberto Bacó, and other top Puerto Rico administration officials to reiterate its commitment to the island’s renewable energy agenda.
chat_bubble0 Comment
visibility3549 Views
Puerto Rico shines in robotics competition
April 23, 2013
A local delegation of 27 teams under the leadership of the Puerto Rico Institute of Robotics excelled in world championship competition held this past weekend at the Anaheim Convention Center, picking up 12 international awards.
chat_bubble0 Comment
visibility4670 Views
Economist: Puerto Rico needs $10B-a-year push
April 22, 2013
Puerto Rico’s economy will need about $10 billion in new investments over the next three years to grow by at least 3.3 percent annually and find its way back to more prosperous pre-recession levels. In the absence of such an unlikely windfall, it will take more than a decade to circle back to acceptable levels of progress.
chat_bubble3 Comments
visibility5490 Views
EPA kicks off Earth Week with nods to Puerto Rico/USVI ‘eco’ leaders
April 22, 2013
The U.S. Environmental Protection Agency is honoring individuals and organizations in Puerto Rico and the U.S. Virgin Islands by bestowing upon them Environmental Quality Awards for their achievements in protecting public health and the environment.
chat_bubble0 Comment
visibility3235 Views
Tourism Co. nabs award for sustainable initiatives
April 22, 2013
The Puerto Rico Tourism Company recently received the first “Destination Stewardship Award” bestowed at the annual Caribbean Tourism Organization Sustainable Tourism Conference for its work in creating, developing and implementing programs and initiatives that promote sustainable tourism.
chat_bubble0 Comment
visibility3189 Views
Popular Inc. reports 1Q loss tied to one-time charges
April 19, 2013
Popular Inc. reported a first quarter loss of $120.3 million that reflected some $189.6 million in after-tax losses and adjustments related to the sale of a bad loan portfolio and other assets.
chat_bubble0 Comment
visibility2596 Views
Food distributor, well-known developer file for bankruptcy
April 19, 2013
Puerto Rico Food distributor Pedro Barba e Hijos Inc., Humacao drugstore owner Manuel Mediavilla Inc., and developer Joseph McCloskey-Diaz — who was involved in a highly-publicized mortgage fraud scheme in 2009 — were among the most recent commercial bankruptcy filings, with upward of $20 million in combined debt.
chat_bubble0 Comment
visibility5955 Views
Southwest Airlines cargo expands to San Juan May 1
April 19, 2013
Southwest Airlines has begun shipping cargo on AirTran Airways under the Southwest Airlines Cargo brand, a service that will be extended to San Juan starting May 1.
chat_bubble0 Comment
visibility3588 Views
Excelerate Energy files federal application for Aguirre natural gas project
April 19, 2013
Excelerate Energy and the Puerto Rico Electric Power Authority have filed their formal application with the Federal Energy Regulatory Commission, representing the latest step closer in the process of receiving approval to build and operate a floating offshore liquefied natural gas re-gasification facility off the southern coast of Puerto Rico.
chat_bubble0 Comment
visibility3575 Views
ACL honors Puerto Rico Comptrollers Office staffer
April 19, 2013
ACL, a company dedicated to providing technology to improve audit and risk, announced Thursday its list of winners of the 15th Annual Impact awards, including Office of the Comptroller of Puerto Rico staffer Francisco Ortiz, who took the regional award for Latin America and Caribbean.
chat_bubble1 Comment
visibility3920 Views
SBA, AARP Puerto Rico to host mentoring event
April 19, 2013
As part of Encore Entrepreneur Mentor Month, the Puerto Rico office of the U.S. Small Business Administration and AARP Puerto Rico have joined forces once more to host the event “Encore Entrepreneurship: from Baby Boomer to Business Owner Too!” on Thursday, April 25.
chat_bubble0 Comment
visibility3703 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA