Colmena66 reports 15K+ biz connections in 1st ‘Impact report’
December 22, 2017
Colmena66 — an initiative of the Puerto Rico Science, Technology and Research Trust — in its first year has signed up more than 200 organizations in its network dedicated to building and strengthening Puerto Rico’s entrepreneurial ecosystem, according to the results of its first Impact Report.
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Saks Fifth Avenue will provide tentative reopening date to court later this month
December 21, 2017
Luxury retailer Saks Fifth Avenue agreed to provide the San Juan Superior Court a “non-binding reopening target date” of its store at The Mall of San Juan by Dec. 29, this media outlet learned.
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Reopening of Saks Fifth Avenue at The Mall of San Juan still up in the air
December 19, 2017
Saks 5th Ave., one of The Mall of San Juan’s two anchor tenants, expects to reopen the store that was devastated by Hurricane María on Sept. 20, but the specific date of when that will happen is still undetermined.
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PR is 1st U.S. stop for luxury cruise ship MCS Seaside
December 19, 2017
The MCS Seaside, the newest ship owned by MCS Cruises, made a stop in Puerto Rico — the first U.S. it visits on its maiden trans-Atlantic voyage which began in Trieste, Italy on Nov. 30, local government officials said.
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Moody’s: Recovery prospects for PREPA bondholders down to 35% after storms
December 15, 2017
Puerto Rico Electric Power Authority bondholders can expect to recover about 35 percent of their investments due to the business disruption and costs, as well as lost revenues related to damage caused by Hurricanes Irma and María, Moody’s Investors Service predicted in a report released Thursday.
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1st phase of PR government’s ‘Assets Map’ unveiled
December 15, 2017
The Puerto Rico government's main economic development agency unveiled Thursday the first phase of the Asset Map, created to attract new investment, create jobs and promote economic development in different regions of the island.
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Liberty: Rebuilding network will pave way for new services at same rates
December 14, 2017
Liberty Puerto Rico — like countless companies across the island — has spent the better part of the last three months picking up the pieces of its network that Hurricane María destroyed, en route to restoring services and laying the groundwork for new offerings.
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PR’s post-María landscape presents new challenges, opportunities
December 11, 2017
Puerto Rico’s economic landscape post-Hurricane María presents a new set of challenges and opportunities to reshape business operations and education going forward, to ensure the island does not collapse and fewer residents opt to leave in search for a better life elsewhere.
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Central Recovery and Reconstruction Office launches RFPs
December 11, 2017
The Central Recovery and Reconstruction Office (CRRO) has been formally established under the umbrella of the Puerto Rico Public-Private Partnerships Authority, and over the weekend announced a series of requests for proposals to establish policies and procedures of the new office.
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Insurance sector names top executives
December 11, 2017
Puerto Rico’s insurance sector has been busy naming new executives to its local operations.
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Census Bureau: PR’s median household income drops 4% in last 5 years
December 8, 2017
Puerto Rico’s median household income dopped by 4 percent from 2012 to 2016, when it stood at $19,606, in comparison to the $20,403 on record for the prior five-year period, according to the U.S. Census Bureau’s Puerto Rico Community Survey.
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Rosselló unveils $100M municipal Recovery Fund
December 8, 2017
Following the back-to-back strikes by Hurricanes Irma and María, Puerto Rico’s municipal governments, for the most part, represented the first line of response to the emergency, prompting the central government to unveil a $100 million fund to support their work.
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Finders Keepers on Loíza St. to close temporarily as it relocates
December 8, 2017
Finders Keepers, a local consignment shop on San Juan’s iconic Loíza Street, will be closing its doors temporarily for the next several weeks, as it relocates from the sector that has been hard-hit by a lack of power for the better part of the last three months.
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Supermercados Econo opens new $4M store in Humacao
December 7, 2017
Supermercados Econo unveiled a new $4 million store at the Humacao Shopping Plaza, which offers 54,000 square-feet of “one-stop-shopping” for eastern area consumers.
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Consultiva Internacional to discuss hurricane impact on SMEs, investments
December 6, 2017
Consultiva International Inc. will be discussing various topics to address the Puerto Rico’s situation after hurricane María on Dec. 7, at the Los Chavales Restaurant in Hato Rey. The event starts at 6 p.m.
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