EDB OK’s $238K in loans for new P.R. businesses
January 27, 2017
In the first three weeks of the year, the Economic Development Bank for Puerto Rico has expedited internal processes to achieve faster loan closings, with $238,130 already approved, the agency announced Thursday.
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MED Week event presents prospects for local businesses
January 27, 2017
The Puerto Rico MBDA Business Center, run by the Puerto Rico Products Association, will sponsor an event on Feb. 2 to spur business growth opportunities for local companies.
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Report: Puerto Rico’s bankruptcy filings drop 2% in ’16
January 26, 2017
The number of bankruptcy cases filed in Puerto Rico during 2016 dropped by 2 percent year-over-year, with a total of 10,221 filed, research firm Boletín de Puerto Rico disclosed Wednesday.
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$13.5M Aloft Hotel Marriott breaks ground in Ponce
January 26, 2017
Public and private sector representatives broke ground Wednesday on what will be Puerto Rico’s first Starwood Aloft Hotel Marriot in Ponce. The property will entail a $13.5 million investment, officials said.
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P.R. entrepreneurs lobby with Rosselló for priority status
January 24, 2017
Members of the Empresarios por Puerto Rico trade group met Monday with Gov. Ricardo Rosselló to help identify measures to promote economic development focused on sustainability and in which priority is given to local businesses and eliminating barriers affecting competitiveness.
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San Patricio Plaza to undergo $4M remodel in ’17
January 17, 2017
San Patricio Plaza in Guaynabo will undergo a $4 million remodeling that will begin tonight and last over 10 months, company officials announced Monday.
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PRHTA study: PR needs DMO to boost tourism, economy
January 13, 2017
The Puerto Rico Hotel and Tourism Association unveiled Thursday a study that confirms tourism as the sector that can provide “quick stability and economic growth” to Puerto Rico.
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Backyard Bondholders meet with Oversight Board
January 12, 2017
Backyard Bondholders Inc., an organization representing about 20 percent of the government's outstanding public debt, met a briefing Wednesday with several members of the Financial Oversight and Management Board for Puerto Rico to establish the position of local bondholders.
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GO bondholders ask for invalidation of COFINA structure
January 11, 2017
The Ad Hoc Group of Puerto Rico General Obligation bondholders addressed a memo Tuesday to island policymakers claiming the unconstitutionality of the Sales Tax Financing Corp., known as COFINA, and asking for its invalidation.
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Energy Commission orders 21% drop in PREPA rate
January 11, 2017
The Puerto Rico Energy Commission on Tuesday issued an order establishing a reduction of 21 percent on the provisional rate that the Puerto Rico Electric Power Authority effected in August 2016.
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Public can vote on PR Financial Awareness video contest
January 9, 2017
The Puerto Rico Bankers Association is asking the general public to cast their vote for the “People's Choice Award” as part of its Puerto Rico Financial Awareness Video Contest 2016, its annual video competition on financial education, aimed at college students.
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Private Sector Coalition presses Rosselló for labor reform
January 5, 2017
The Puerto Rico Private Sector Coalition on Wednesday revisited its quest for labor reform, asking Gov. Ricardo Rosselló to present necessary legislation to promote a new environment for employers.
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Gov’t releases RFQ for new strategic advisor, legal counsel
January 5, 2017
The new administration under Puerto Rico Gov. Ricardo Rosselló on Wednesday released a Request for Qualifications (RFQ), seeking a new strategic advisor and legal counsel to move ahead with restructuring the Commonwealth’s $68 billion debt.
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SBA launches InnovateHER, Aspire Challenge programs
January 4, 2017
The U.S. Small Business Administration announced Tuesday the launching of two programs — the 2017 InnovateHER: Innovating for Women Business Challenge and the Aspire Challenge.
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Gov. Rosselló signs 6 executive orders as he is sworn in
January 3, 2017
Gov. Ricardo Rosselló hit the ground running Monday, effecting six executive orders the same day he was sworn into his post as Puerto Rico’s 12th elected governor.
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