Puerto Rico nabs Expedia’s ‘Destination of the Year’ honor
January 22, 2013
Expedia Inc. will officially bestow its “Top Destination of the Year” award to the island of Puerto Rico this week, during the Caribbean Travel Marketplace’s annual conference this week in the Bahamas, the online travel company announced Monday.
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Fitch completes review of 4 banks, predicts tough road ahead
January 18, 2013
Fitch Ratings announced Thursday it had completed its review of four rated Puerto Rican Banks — Doral Financial Corp., First BanCorp, Popular Inc. and Santander Bancorp — adjusting and affirming its ratings and outlook for each financial institution.
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PRMA names new executive director
January 18, 2013
Following a seven-month evaluation process, the Puerto Rico Manufacturers Association has named Economist and Attorney Jaime García as the trade group’s new executive director, effective Feb 1. He succeeds William Riefkohl, who announced in the summer he would be stepping down from the post after 15 years.
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SBA changes terms of women-owned small businesses contracting program
January 18, 2013
Women-owned small businesses will have greater access to federal contracting opportunities as a result of changes included in the National Defense Authorization Act of 2013 (NDAA) to the U.S. Small Business Administration’s Women-Owned Small Business Federal Contract Program.
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AGP files job creation bill; Private sector already pledges 10K slots
January 17, 2013
Gov. Alejandro García-Padilla filed the “Jobs Now Act” bill Wednesday outlining his strategy to create 50,000 jobs in 18 months and the incentives companies will get in exchange for making opportunities available for out-of-work Puerto Rico residents.
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P.R.’s 1st Bath & Body Works store to open in ’14
January 17, 2013
Mega-mall developer DDR Corp. announced Wednesday plans to expand its redevelopment program on the island from $50 million to $90 million, creating additional space at its four shopping centers. As a result, it will sign up new tenants, including the first Bath and Body Works store in Puerto Rico, to be located in Plaza del Sol in Bayamón.
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Puerto Rico Trade, SBA partner to benefit small, mid- sized businesses
January 17, 2013
Puerto Rico Trade Company Executive Director Francisco Chévere and Small Business Administration Regional Director Jorge Silva Puras, signed a collaboration agreement to maximize the benefits of the services currently offered by both institutions and will help promote the growth and development of the small and medium-sized enterprises.
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Nonprofit opens call for PARACa summer program
January 17, 2013
Seeking to put a plug in the island’s significant “brain drain” problem, Puerto Rican Minds in Action, a nonprofit organization led by young students and professionals announced the opening of enrollment for its fourth “Empowerment and Retention of Agents of Change” program (known as PARACa in Spanish) slated for the summer.
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EPA: 11% fewer toxins released into Puerto Rico land, air, water
January 16, 2013
The annual U.S. Environmental Protection Agency report on the amount of toxic chemicals released to the land, air and water by industrial facilities in 2011 showed an 11 percent decrease for Puerto Rico over the past reporting year.
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PRMA ‘pleased’ with bills to spur jobs, investment
January 16, 2013
Puerto Rico Manufacturers Association President Waleska Rivera on Tuesday thanked Popular Democratic Party Sen. Ángel Rosa for submitting a trio of bills geared toward creating jobs and spurring investment, “keeping his campaign promises.”
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Ford leader in ’12 Puerto Rico truck, minivan sales
January 16, 2013
While news from the North America International Auto Show taking place this week comes down from Detroit in every direction, automakers in Puerto Rico are making announcements of their own about how they did among local consumers last year.
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Marazzi named to International Statistical Institute
January 16, 2013
Puerto Rico Statistics Institute Executive Director Mario Marazzi-Santiago was recently elected member of the International Statistical Institute, a nonprofit, non-governmental organization that has had consultative status by the Economic and Social Council of the United Nations since 1949.
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Techbiz.mobi program back for another round
January 16, 2013
Citi Foundation and the Central Eastern Technological Initiative, or Inteco, announced Tuesday the return of “Techbiz.mobi,” a techno-educational program designed to teach 18 to 25-year-olds to create mobile apps for the Android mobile operating system and learn to market them online.
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Provider: Broadband ‘faster, cheaper’ than 4 years ago
January 15, 2013
The cost of broadband service in Puerto Rico has dropped by more than 75 percent since 2009, when carriers charged between $40 and $65 per Megabit per second, to less than $10 per Mbps in 2012, said Carlo Marazzi, President of Critical Hub Networks, which released Monday the "Puerto Rico Bridge Initiative’s Project Summary & Achievements" report detailing the impact that its ARRA-funded broadband project has made in improving broadband services on the island.
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Chrysler Puerto Rico closes ‘historic’ year with 9K units sold
January 15, 2013
Chrysler Puerto Rico sold 9,029 units in the island last year, building upon last year’s results for its Chrysler, Dodge, Jeep and Ram brands, company executives said Monday.
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