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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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From left: Edgardo Rivera, president of DDB Latina Puerto Rico; Elaine García, marketing director at Cervecera de Puerto Rico; and Edgardo Jiménez, creative operations officer at DDB Latina Puerto Rico.
In-Brief
DDB Latina Puerto Rico wins Grand Prix, 6 more Lions at Cannes 2025
NIMB Staff June 27, 2025

Agency honored for campaigns with Medalla Light and RIMAS Entertainment. #NewsismyBusiness

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Oriental operates a network of branches throughout Puerto Rico.
In-Brief
Oriental earns top USDA honor for rural housing loan partnerships
NIMB Staff June 27, 2025

Bank recognized for its leadership in secondary market contributions to affordable homeownership. #NewsismyBusiness

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Gloria del Carmen Amador-Fernández, president of SIM Health
Featured, General Biz News
SIM Health breaks ground on $10M health center in Orlando
NIMB Staff June 26, 2025

Puerto Rico-based provider expands into Central Florida with integrated care center. #NewsismyBusiness

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A screen capture of bottles from Puerto Rico’s rum brands featured in a promotional campaign by the Rums of Puerto Rico program.
Featured, General Biz News
Puerto Rico launches artisanal rum brands in US market
NIMB Staff June 26, 2025

Craft labels expand the island’s global reputation as the ‘Rum Capital of the World.’ #NewsismyBusiness

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Puerto Rico’s inventory tax is a municipal tax on the value of a business’s inventory, including raw materials, finished goods and supplies. (Credit: Korn Vitthayanukarun | Dreamstime.com)
Featured, Retail
Private sector warns Senate’s HB420 revision creates new inventory tax
NIMB Staff June 26, 2025

Business leaders project 900% increase in tax base, $900K annual burden per $10M inventory. #NewsismyBusiness

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Project Makers, which is expanding into San Juan, already operates a business incubator in Caguas.
In-Brief
Project Makers promotes community-based businesses in San Juan
NIMB Staff June 26, 2025

Oasis 360 initiative aims to boost economic mobility through job creation. #NewsismyBusiness

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Officials from NUC University and TrueHyperbarRx sign the agreement to launch Puerto Rico’s first certified program in hyperbaric medicine and advanced wound care.
In-Brief
NUC University to offer Puerto Rico’s 1st hyperbaric medicine certification
NIMB Staff June 26, 2025

Partnership with U.S.-based organizations includes donation of two hyperbaric chambers. #NewsismyBusiness

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Banco Popular’s mural at the Coliseo de Puerto Rico complements the bank’s brand modernization launched in 2024, officials said.
In-Brief
Popular unveils mural at ‘Choliseo’ as part of brand modernization effort
NIMB Staff June 26, 2025

Work by muralist Andrés Cortés integrates Popular’s new image and artistic vision. #NewsismyBusiness

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Denisse Rodríguez-Colón, executive director of Colmena66
Featured, General Biz News
70% of Puerto Rico businesses are 3+ years old, Colmena66 study finds
NIMB Staff June 25, 2025

2024 report reveals growth in revenue, preparedness and expansion goals. #NewsismyBusiness

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Wichie Sound Performance, founded 37 years ago in Puerto Rico by Fernando “Wichie” Martínez, was acquired by Clair Global.
Featured, General Biz News
Clair Global acquires Puerto Rico’s Wichie Sound Performance
NIMB Staff June 25, 2025

Veteran audio company joins global network; operations to continue locally. #NewsismyBusiness

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Raúl Bustamante, chairman of the Discover Puerto Rico board, was confirmed to continue in the role this month.
In-Brief
Discover Puerto Rico confirms Bustamante as board chair
NIMB Staff June 25, 2025

The executive has held the position on an interim basis since May. #NewsismyBusiness

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Graduates of One Stop Career Center’s pre-apprenticeship aviation mechanic program celebrate completion of training in Aguadilla, Puerto Rico.
In-Brief
One Stop Career celebrates 3rd aviation mechanic program graduation
NIMB Staff June 25, 2025

Program reaches 83% employment rate; 47 trained for aviation careers. #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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