Precision parts manufacturer C-Axis Puerto Rico Inc. is investing $2.8 million to expand its medical device components line in Caguas, adding 32 jobs in the next 24 months, company officials said Tuesday.
OneLink Communications, the San Juan metropolitan area’s only cable television service provider, will be increasing its video service rate by $2.50 cents effective July 1, which for certain customers can represent a hike of close to 5 percent.
The Gov. Luis Fortuño administration announced Monday its decision to turn over the management and upkeep of two island highways, PR-22 and PR-5, to the consortium of Goldman Sachs and Abertis, through a 40-year contract worth more than $1.4 billion.
Puerto Rico has one of the world’s most competitive manufacturing foundations, but one of the most underdeveloped research and development economies, which poses an inarguable need to establish mechanisms to foster the right conditions for it to flourish, a high-ranking manufacturing executive recently told News is my Business.
The “eyes and ears” of the island’s small business community in Washington D.C., Teresa Coaxum, spent last week in Puerto Rico looking to bridge the disconnect between the local public and private sector and the federal benefits and information they may be missing out on for a lack of awareness or access.
As recently reported in News is my Business, U.S. Under Secretary of Commerce Francisco Sánchez urged Puerto Rico to take advantage of the recently formed U.S. Corporation for Travel Promotion, which has $200 million to market the mainland and its jurisdictions on a global scale.
Following a lengthy evaluation process, the government will announce Monday the winner of the concession to manage one of the island’s principal highways, and a secondary road, Puerto Rico Public-Private Partnerships Authority Executive Director David Álvarez told a small group of journalists Thursday.
Discount airline JetBlue announced the start of two new routes out of Luis Muñoz Marín International Airport, officially dethroning American Airlines as the island’s largest carrier.
It’s no secret that most smartphones are robust in service, but often weak when it comes to enduring drops, water and on this tropical island, exposure to sand. To address all of those external challenges, Motorola and Claro teamed up to introduce to market the first mobile device capable of standing up to all them.
How many times has it happened that you excitedly find a store online selling that one item you have been coveting or needing, only to discover that when you’re ready to pay for your order, you’re shot down by a message saying “we do not ship to Puerto Rico.”
A year after announcing plans to invest $6 million to expand its Salinas operation, Illinois-based Pioneer Hi-Bred officially announced Wednesday the completion of the project that has already produced 40 of the total 100 jobs that will be created within the next 18 months.
Cordis Corporation, a subsidiary of Johnson & Johnson, announced Wednesday the discontinuation of production of its Cypher Stent product by the end of 2011, representing the closing of its plant in San Germán. The decision will leave 450 people jobless.
U.S. Under Secretary of Commerce Francisco Sánchez urged Puerto Rico Wednesday to take advantage of the recently formed U.S. Corporation for Travel Promotion, which has $200 million to market the mainland and its jurisdictions on a global scale.
President Barack Obama’s visit to Puerto Rico drew a slew of positive feedback from a handful of private-sector executives invited to his welcoming Tuesday, with most concurring that the historic event was positive and could result in long-term benefits.
Retail sales apparently got off on the right foot this year, reflecting a 4.2 percent year-over-year increase in January, according to the latest statistics Puerto Rico Trade released Tuesday.
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