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GE Vernova says its LM2500XPRESS gas turbine package is 95% factory assembled for faster site installation. (Credit: GE Vernova)
Featured, General Biz News
GE Vernova turbines to deliver 244 MW, boost Puerto Rico grid reliability
NIMB Staff July 2, 2025

Six LM2500XPRESS units ordered to modernize PREPA plants in Daguao, Jobos and Yabucoa. #NewsismyBusiness

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More than 80 interns from eight Puerto Rico universities will work in areas such as engineering, capital programs and smart grid technology, LUMA officials said.
In-Brief
LUMA welcomes 80+ interns to support energy system transformation
NIMB Staff July 2, 2025

The 2025 Summer Internship Program integrates students into key power grid projects. #NewsismyBusiness

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De la Cruz Ogilvy earned Puerto Rico’s first Silver Lion in the Pharma category at the 2025 Cannes Lions Festival for its “Glowing Relief” campaign for Alivia Health.
In-Brief
De la Cruz Ogilvy marks 40 years with Cannes Lions 2025 Festival win
NIMB Staff July 2, 2025

The Puerto Rican agency celebrates four decades of creativity and a Silver Lion in Pharma, a first for the island. #NewsismyBusiness

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Puerto Rico’s $52.9 billion public debt as of June 30, 2022, included $32.5 billion in primary government debt and $20.4 billion from component units, led by the Puerto Rico Electric Power Authority. (Source: GAO-25-107560)
Featured, Government
GAO finds $1.9B Puerto Rico surplus, warns of unresolved PREPA debt
NIMB Staff July 1, 2025

While Puerto Rico strengthens its financial position, pending electric utility restructuring and population loss remain key threats to long-term stability. #NewsismyBusiness

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The site was originally approved for a 192-unit development called Playa Bahía. (Credit: Christiansen Commercial)
Featured, General Biz News
Loíza beachfront site with 60 apartments listed for $3.5M redevelopment
NIMB Staff July 1, 2025

Partially built Playa Bahía project offers opportunity in housing and tourism. #NewsismyBusiness

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Cooking with my Doctor products are now available at El Market stores inside Luis Muñoz Marín International Airport
Featured, Retail
Cooking with my Doctor lands airport deal, expands to US Walmart stores
NIMB Staff July 1, 2025

The company unveiled three new additions to its “Pónselo a” seasoning line at the 2025 MIDA Conference and Food Show. #NewsismyBusiness

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From left: Natalie Claudio of Jóvenes de Puerto Rico en Riesgo; Maritza Abadía, president of Banesco USA Puerto Rico; Raquel Skerett of Vitrina Solidaria; and Giovanna Piovanetti of Corporación para el Financiamiento Empresarial de los Comerciantes y de las Comunidades
In-Brief
Banesco USA grants $22K to nonprofits aiding vulnerable communities
NIMB Staff July 1, 2025

Eight organizations in Puerto Rico receive funds to support social, educational and economic programs. #NewsismyBusiness

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Students at the University of Puerto Rico, Mayagüez Campus, are building and testing lightweight drone attachments for real-world environmental monitoring applications.
In-Brief
LIFT taps Puerto Rico engineering students for defense drone initiative
NIMB Staff July 1, 2025

UPR-Mayagüez students develop and test drone technology for defense and monitoring applications. #NewsismyBusiness

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As part of the agreement, Electricoop and Genera PR have carried out maintenance, repairs and testing of key relays and transformers at the Palo Seco, Aguirre and Aguirre combined cycle power plants.
In-Brief
Genera PR partners with Electricoop to boost grid reliability, local jobs
NIMB Staff July 1, 2025

Agreement supports transformer maintenance at key plants, expands local contractor use. #NewsismyBusiness

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Economy, Featured
Puerto Rico sees strongest economic uptick in six months, report shows
NIMB Staff June 30, 2025

Manufacturing and employment drive April gains, though warnings of economic slowdown persist. #NewsismyBusiness

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Alexandra Fernández-Navarro (center), board member of FirstNet, provides details about the new operation in Puerto Rico.
In-Brief
FirstNet opens first Spanish-language call center in Aguadilla
NIMB Staff June 30, 2025

The initiative creates 80 jobs and strengthens emergency response support. #NewsismyBusiness

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In-Brief
Treasury announces IVU-free days for school supplies in July and January
NIMB Staff June 30, 2025

Consumers and retailers can plan for back-to-school tax holidays on July 18–19 and Jan. 2–3. #NewsismyBusiness

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Evertec Inc. is based in San Juan, Puerto Rico.
In-Brief
Evertec opens 2025 STEM scholarship cycle for Puerto Rico students
NIMB Staff June 30, 2025

Applications due by July 11; program supports academic growth in tech fields. #NewsismyBusiness

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A Lormar Optical employee works at the company’s new facility in Cayey, Puerto Rico.
Featured, Manufacturing
Lormar Optical invests nearly $6.4M in Cayey expansion, adds new jobs
NIMB Staff June 27, 2025

The new site adds advanced machinery with government support. #NewsismyBusiness

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Padial 50 joins Habitat for Humanity of Puerto Rico’s multifamily housing projects in Hato Rey, Santurce and Villa Canteras (San Juan), all designed to support low- to moderate-income families with accessible, sustainable homes.
In-Brief
Habitat for Humanity delivers homes to Caguas families at Padial 50
NIMB Staff June 27, 2025

The more than $1.9M project brings affordable housing and jobs to downtown Caguas. #NewsismyBusiness

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QUOTE OF THE WEEK:

“The purpose of this report is not only to highlight challenges but to catalyze solutions using data gathered directly from entrepreneurs themselves. It’s an invitation to act collectively to strengthen the ecosystem.”

 

— Lucy Crespo, CEO of the Puerto Rico Science, Technology and Research Trust, on Colmena66’s 2024 Interactive Report on the State of the Business Community in Puerto Rico

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