A new Italian eatery opened in Caguas a little more than a week ago by the owner of a restaurant that was a landmark in Old San Juan until last year.
They say that times of crisis ignite the spark of creativity and elicit the best ideas. With this in mind, the Banco Popular Foundation and the Hispanic Federation announced the launch of the “Puerto Rico Big Ideas Challenge,” a contest of innovative ideas with a social impact with awards of up to $1.5 million.
Puerto Rico needs to attack a series of urgent needs to rebuild the island in the wake of Hurricane María, as well as find ways to incorporate more people into the workforce, said Prominent banking executive Richard Carrión.
Representatives from Puerto Rico’s retail sector confirmed activity is near normalcy six months after Hurricane María generated product shortages and problems at the ports during the first few weeks after the storm.
When it comes to retaining employees, companies must have a benefits strategy — which for some is key to reaching long-term goals for controlling costs and budget considerations.
In a market where population is steadily declining, the economy has contracted and the fiscal situation has been in a downward spiral, it has become a challenge for financial institutions to keep their deposit levels growing.
Marcus Lemonis, chairman of Illinois-based Camping World Holdings, announced via Twitter on Monday that the company will open an Overton’s store in Puerto Rico, “as promised.”
Alex Gómez, president of Tijuana’s Bar & Grill Corp. has been named Puerto Rico’s Small Business Person of the Year by the U.S. Small Business Administration, the agency announced.
Puerto Rico ranks 3rd in the top 30 locations that U.S. mainland residents look up online when they think about buying a second home, according to a study by real estate firm Point 2 Homes.
The former mansion that once housed a Chilli’s restaurant in the Condado area of San Juan has been razed to make way for an 18-story residential building called the Peninsula.
Federal Communications Commission Chairman Ajit Pai said the funding the agency is proposing to assign Puerto Rico will be disbursed on a competitive basis by geographic area, or towns, to repair and restore telecom networks and services destroyed by Hurricane María.
Hurricane María caused $86 million in damages to Puerto Rico’s Luis Muñoz Marín Airport, including business interruption — terminals that lost entire roofs — and a drop in passenger traffic that operator Aerostar Airport Holdings is hoping will return to normal by summer.
Taubman Centers Inc., owners of a 95 percent stake at The Mall of San Juan, warned in its 2017 annual report that it may not fully recover the losses related to Hurricane María, and anticipated that if a major tenant or anchor store does not reopen, others may follow.
Saborea Puerto Rico: A Culinary Extravaganza, will mark its 11th edition by returning to its roots, taking the event back to where it was first held in 2008 — at the Carolina Public Beach, April 5-8, this media outlet confirmed.
Puerto Rico’s film industry is set to generate $225 million for the island’s economy this fiscal year ending in June, with several television and film projects in the pipeline that will generate some 12,000 jobs, government officials said Sunday.
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