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The State Insurance Fund Corp. in Puerto Rico will launch a mobile app July 1 to help employers manage policies and payments more easily.
Featured, Government
CFSE to launch mobile app for Puerto Rico employers starting July 1
NIMB Staff May 20, 2025

New digital tool will streamline payroll, certifications and policy access for more than 120,000 businesses. #NewsismyBusiness

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From left, Idis Ortiz-López, general manager of Starbucks in Puerto Rico; Olga Fernández, director of strategic alliances at Vimenti; and Kate Cheung, marketing manager for Starbucks Puerto Rico, during The Starbucks Foundation’s visit to the Vimenti II community garden.
In-Brief
Vimenti receives $10K grant to expand school garden project
NIMB Staff May 20, 2025

Program to promote food security, healthy living and intergenerational learning in Villa Prades community. #NewsismyBusiness

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Graduates from the most recent PathStone training cohort came from Puerto Rico municipalities including Bayamón, Cataño, Corozal, Dorado, Morovis, Naranjito, Toa Alta, Toa Baja, Vega Alta and Vega Baja.
In-Brief
PathStone graduates 15 from EPA environmental training in Puerto Rico
NIMB Staff May 20, 2025

Initiative has trained 55 participants since 2022, with over half already placed in jobs or college. #NewsismyBusiness

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Officials from Bayer Crop Science Puerto Rico and the Office for Socioeconomic and Community Development (ODSEC, in Spanish) meet to renew their partnership agreement.
In-Brief
Bayer, ODSEC renew alliance to expand farming sustainability programs
NIMB Staff May 20, 2025

“Crece y Aprende” and “Siembra” programs will reach more communities, now including older adults through Vida Plus. #NewsismyBusiness

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Arby’s in Plaza Escorial, one of the chain’s first locations in Puerto Rico, closed in April.
Featured, Retail
DDR Escorial sues Arby’s franchisee in Carolina over $1.49M lease default
NIMB Staff May 19, 2025

Plaza Escorial landlord claims tenant abandoned operations, failed to pay rent through 2032. #NewsismyBusiness

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Students in the Bravo Family Foundation’s Empowering Young Entrepreneurs program pitch business ideas at Bravo Day 2025 in San Juan, Puerto Rico.
Featured, Nonprofit organizations
Puerto Rico students pitch startups to Orlando Bravo at Bravo Day
NIMB Staff May 19, 2025

A total of 75 public high school students spent eight months receiving business training from the Bravo Family Foundation. #NewsismyBusiness

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This year’s recognition reflects iPR Pharmaceuticals’ continued progress toward more sustainable operations. (Screen capture)
In-Brief
iPR Pharmaceuticals earns first Energy Star certification for efficiency
NIMB Staff May 19, 2025

Pharmaceutical facility uses LNG, solar power and LED upgrades as part of AstraZeneca’s zero carbon strategy. #NewsismyBusiness

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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, president and 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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QUOTE OF THE WEEK:

“Trust is the main ingredient for business. So instead of telling your employees that AI is coming after you’ve made the decision and have a plan for implementation, you should involve them during conception and evaluation. That way, you can address their questions, fears and concerns from the start.”

 

— Paulo Preciado, executive advisor partner for the Caribbean and Central America, Great Place to Work

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