San Francisco-based Pattern Energy Group LP is on track to complete the installation of 44 windmills by August and begin generating clean energy by November at its operation spread throughout 3,700 acres of land in Santa Isabel.
Keeping its commitment to social and technology development across all sectors of Puerto Rico’s population, Claro de Puerto Rico announced Monday the expansion of its basic Internet course program to include the group of “baby boomers” who belong to the Plaza Las Américas “Walkers Club” who visit the mall daily to walk and exercise.
The Purchasing Managers Index (PMI) for Puerto Rico’s manufacturing sector rose to 59.0 in May, remaining above the threshold value of 50 for the ninth consecutive month, suggesting an expansion in the manufacturing.
Empresas Playa Joyuda Inc., owners of the 50-room Perichi’s Hotel, Restaurant & Cocktail Lounge in Cabo Rojo, filed for Chapter 11 protection at the U.S. Bankruptcy Court last Friday, News is my Business learned.
Last week’s announcement by Oriental Financial Group of its intention to buy BBVA Puerto Rico’s operation for $500 million will “immediately transform” the former’s day-to-day operations into a more bank-like institution, something management has been striving for in recent years, an industry analyst said over the weekend.
Puerto Rico needs to establish closer commercial ties with all countries throughout Latin America and the Caribbean by, among other things, playing up its importance as the gateway to the U.S. mainland, Ricardo Martinelli, president of the Republic of Panama said upon his arrival to the island Thursday.
The Economic Development Bank for Puerto Rico closed Fiscal ’12 with a record-setting $208 million portfolio of loans granted to the island’s small and mid-sized businesses, the highest figure on record since its establishment in 1985, agency officials said Thursday.
During a ribbon-cutting ceremony held Thursday to officially inaugurate JetBlue Airways' new home at Terminal A in Carolina’s Luis Muñoz Marin International Airport, the airline's President, Dave Barger, and Gov. Luis Fortuño, announced that San Juan has become the sixth focus city in JetBlue's 71-city network.
The new fiscal year that starts July 1 will make $11 million in incentives available to businesses looking to invest in renewable energy projects, Economic Development and Commerce Secretary José Pérez-Riera said Thursday.
Oriental Financial Group Inc. has entered into an definitive agreement to buy Banco Bilbao Vizcaya Argentaria, S.A.’s Puerto Rico operations for $500 million in cash, the companies announced this morning.
Nearly 18 months after launching flights between the Luis Muñoz Marín International Airport in Carolina and the islands of St. Croix, St. Thomas and Vieques, regional carrier Seaborne Airlines announced Wednesday plans to expand its fleet of aircraft, investing more than $7 million in three new planes.
Puerto Rico has to implement a reinvention project focused on an economic and social development plan that includes a specific agenda for the Northeastern region, which is as stagnant as the rest of the island.
The Economic Development Bank announced Wednesday it granted local company South Puerto Rico Towing and Boat Service Inc. an $8 million loan and credit line to use for operating expenses.
SAP Puerto Rico and Caribbean became the company’s fastest growing region in Latin America with a 108 percent growth in revenue from software sales during the first quarter of 2012.
The U.S. Department of Labor today awarded three National Emergency Grants totaling more than $4.1 million to the Puerto Rico Department of Labor and Human Resources that will assist more than 750 workers affected by recent plant closures and resulting layoffs in Puerto Rico.
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