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IslandCorps will receive a $1 million furniture donation from Saint John’s School and distribute it to schools in San Juan, Carolina and Vega Baja, Puerto Rico, as well as two locations in the Dominican Republic.
In-Brief
Saint John’s donates $1M in furniture for schools in Puerto Rico, DR
NIMB Staff May 19, 2025

IslandCorps will send the items to furnish nearly 50 classrooms in Puerto Rico and the Dominican Republic. #NewsismyBusiness

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From left, standing: Juan Carlos Agosto, CEO of Store Management System LLC; Javier Agosto, owner of Oiremoc LLC; and Leonardo Maldonado, relationship manager at Banesco USA. Seated: Juan Agosto and Efigenio Rivera, co-owners of Store Management System; and Maritza Abadía, president of Banesco USA in Puerto Rico, during the closing of the $9 million loan for the Sierra Bayamón Econo supermarket renovation.
In-Brief
Banesco USA grants $9M loan to Econo Sierra Bayamón
NIMB Staff May 19, 2025

The funds will pay for the acquisition and remodeling of the Comerío store. #NewsismyBusiness

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Anitza M. Cox, director of analysis and public policy at Estudios Técnicos, presents the results of the 20th edition of the SME Digital Trends Study.
Featured, General Biz News
Puerto Rico’s digital spending hits $1.8B; social, mobile, AI drive growth
NIMB Staff May 16, 2025

SME’s 2025 Digital Trends Study cites social media, mobile use and influencer marketing as top eCommerce drivers. #NewsismyBusiness

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Francisco Rodríguez-Castro, CEO of Birling Capital Advisors
Economy, Featured
Puerto Rico stock index up 8.1% YTD, beating U.S. markets
NIMB Staff May 16, 2025

Birling Capital’s April market review highlights strong Puerto Rico equities and early investor confidence in Gov. Jenniffer González-Colón’s leadership. #NewsismyBusiness

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Puerto Rico Chamber of Commerce President Luis E. Pizarro discusses details of the proposed legislation in Washington.
Featured, General Biz News
CofC backs federal bill to reboot island’s pharma manufacturing sector
NIMB Staff May 16, 2025

Chamber endorses MMEDS Act to drive investment, job creation and supply chain security. #NewsismyBusiness

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Cynthia J. Rijo-Sánchez, president of the Puerto Rico Society of Certified Public Accountants.
In-Brief
Puerto Rico CPA Society opens application period for financial aid program 
NIMB Staff May 16, 2025

The deadline is May 31 for residents preparing for the CPA exam. #NewsismyBusiness

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Rep. Ángel Morey-Noble, author of House Bill 644.
In-Brief
Bill in Puerto Rico proposes standardized fees for administrative complaints
NIMB Staff May 16, 2025

Exemptions would apply to vulnerable groups and low-income filers. #NewsismyBusiness

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Carmen Ríos, vice president of Dulzura Borincana, receives the Small Business Exporter of the Year award from the U.S. Small Business Administration.
In-Brief
FirstBank gets ‘Bronze Lender of the Year’ award from SBA Puerto Rico
NIMB Staff May 16, 2025

Bank client Dulzura Borincana was also named Small Business Exporter of the Year for Puerto Rico and the Atlantic region. #NewsismyBusiness

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The $13.1 billion General Fund excludes special revenue and federal funds. With those included, Puerto Rico’s total consolidated budget for fiscal year 2026 is $32.6 billion.
Featured, Government
OBoard submits $13.1B budget for FY2026 developed with local gov’t
NIMB Staff May 15, 2025

More than 64% of General Fund allocated to education, health care, public safety and pensions. #NewsismyBusiness

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From left: Miriam Martinez, coordinator of the Puerto Rican Summit, and Luis DeRosa, executive director.
Featured, General Biz News
Puerto Rican Summit designates Kissimmee as ‘Municipality 79’
NIMB Staff May 15, 2025

Summit leaders and Kissimmee officials will sign MOU to boost services for Puerto Rican communities in Florida. #NewsismyBusiness

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Puerto Rico’s National Lemonade Day “promises to be a joyful and inspiring event for families and communities, with opportunities to support young entrepreneurs, enjoy fresh lemonade and witness the next generation of business leaders in action,” organizers said.
Featured, General Biz News
Puerto Rico to host National Lemonade Day on May 17
NIMB Staff May 15, 2025

More than 100 youth-run stands to highlight entrepreneurship and community spirit. #NewsismyBusiness

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From left: San Juan Mayor Miguel Romero, Bogotá Secretary of Economic Development María del Pilar López-Uribe and Daphne Barbeito, director of San Juan’s Department of Economic Development and Tourism.
In-Brief
San Juan and Bogotá sign alliance to boost entrepreneurship, tourism
NIMB Staff May 15, 2025

Agreement establishes joint economic development, small business and trade initiatives between the two capital cities. #NewsismyBusiness

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Airbnb launches “Services on Airbnb” and “Experiences on Airbnb” through a completely redesigned app.
In-Brief
Airbnb launches new app with services, experiences beyond the stay
NIMB Staff May 15, 2025

Puerto Rico users now have access to on-demand chefs, massages, tours and more through the redesigned platform. #NewsismyBusiness

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The offer provides access to Scrub Island’s accommodations, including 26 guest rooms, 26 one-bedroom suites and 13 villas ranging from two to six bedrooms.
In-Brief
Scrub Island Resort offers summer rates for Puerto Rico, USVI residents
NIMB Staff May 15, 2025

Special $399 nightly rate available through Sept. 30 for guests from sister islands. #NewsismyBusiness

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Officials from the administration of Puerto Rico Gov. Jenniffer González (center), including Economic Development Secretary Sebastián Negrón (to her right) and InvestPR CEO Ella Woger-Nieves (second from right), present the island’s nearshoring advantages to investors at the SelectUSA Investment Summit.
Featured, Manufacturing
Puerto Rico promotes reshoring potential at SelectUSA summit
NIMB Staff May 14, 2025

Officials hold 100 investor meetings to pitch the island’s strategic advantages in life sciences and manufacturing. #NewsismyBusiness

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