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From left: United Retailers Association President Ramón Barquín and Puerto Rico Retailers Association President José González.
In-Brief
CUD, ACDET partner to strengthen Puerto Rico’s retail sector
NIMB Staff May 5, 2025

Groups aim to address inventory tax, regulatory costs and policies affecting business competitiveness. #NewsismyBusiness

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The upcoming event marks the second edition of the Puerto Rico Mortgage Fair.
In-Brief
Mortgage Bankers Association to host Mortgage Fair in June
NIMB Staff May 5, 2025

Event seeks to train industry members and offer options to buyers. #NewsismyBusiness

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The restored fire truck is expected to return to its permanent display at the Parque de Bombas museum after 12 weeks.
In-Brief
Mercedes-Benz of Ponce to restore historic fire truck at Parque de Bombas
NIMB Staff May 5, 2025

New dealership commits to cultural preservation with $25K restoration and 5-year service plan. #NewsismyBusiness

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Featured, Nonprofit organizations
Enactus Puerto Rico celebrates its 20th anniversary
NIMB Staff May 2, 2025

The nonprofit also evaluated a record 56 entrepreneurship projects from students during its 2025 summit. #NewsismyBusiness

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The FCC also announced a temporary pause in broadband performance testing for PR Fund carriers during the first and second quarters of 2026.
Featured, Telecommunications/Technology
FCC eases reporting rules for Puerto Rico broadband carriers
NIMB Staff May 2, 2025

Temporary relief granted to PR Fund carriers on reporting standards and credit requirements through March 2026. #NewsismyBusiness

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Caguas Mayor William Miranda-Torres watches a student operate a remote-controlled robot during the opening of the LIFT Learning Lab.
In-Brief
LIFT opens advanced manufacturing Learning Lab in Puerto Rico
NIMB Staff May 2, 2025

The Detroit-based institute’s facility in Caguas will offer training in robotics and other high-demand skills. #NewsismyBusiness

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Rep. Gabriel Rodríguez-Aguiló, chairman of the House Health Committee, during a hearing on mislabeled cannabis products.
In-Brief
Puerto Rico House targets mislabeled cannabis products
NIMB Staff May 2, 2025

Lawmakers seek to restrict the products sold as hemp in unregulated locations. #NewsismyBusiness

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In-Brief
PMC Health Group marks 25 years with new name, strategic vision
NIMB Staff May 2, 2025

The rebranded agency unveils PMC Lecture Series and renewed focus on patient-centered communications. #NewsismyBusiness

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Among the higher-paying jobs in this group were detectives and criminal investigators, who earned $37.68 per hour, and transportation security screeners at $24.78.
Economy, In-Brief
San Juan Metro wages rise, but still trail US average by wide margin
NIMB Staff May 1, 2025

Health care and tech lead earnings growth, but low-wage sectors highlight persistent disparities. #NewsismyBusiness

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Héctor Morales-Martínez, president of the Puerto Rico Planning Board.
Featured, Government
Planning Board updates economic model with 2017 Input-Output Matrix
NIMB Staff May 1, 2025

The 2017 IOM shows growth in Puerto Rico’s service sector and a decline in manufacturing, with a 2022 update in development. #NewsismyBusiness

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SJT Manufacturing’s headquarters in Bayamón, Puerto Rico.
Featured, Manufacturing
SJT Manufacturing brings renewable energy production from China
NIMB Staff May 1, 2025

Bayamón-based firm strengthens Puerto Rico’s energy and supply chain resilience with reshoring move. #NewsismyBusiness

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From left: Journalist Valeria Collazo-Cañizares, political analyst Jay Fonseca and Oriental President José Rafael Fernández during the first episode of the bank’s new podcast, “La Fórmula.”
In-Brief
Oriental debuts Puerto Rico’s first banking podcast, “La Fórmula”
NIMB Staff May 1, 2025

Monthly podcast aims to simplify financial topics and connect them to everyday life. #NewsismyBusiness

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Coral Cummings, director of government relations and public affairs at Walmart Puerto Rico, speaks during the launch of the “Descubre el atleta en ti” campaign.
In-Brief
Walmart Puerto Rico launches sports campaign to promote healthy living
NIMB Staff May 1, 2025

“Descubre el atleta en ti” includes school visits, media outreach and support from Puerto Rican athletes. #NewsismyBusiness

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A person hands over car keys during a vehicle handoff
Auto, Featured
Puerto Rico lawmakers review car-sharing services following authorization of Turo
NIMB Staff April 30, 2025

Lawmakers seek to evaluate the legal framework for peer-to-peer rental platforms. #NewsismyBusiness

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Investors under Act 60 receive tax incentives including a 4% fixed income tax rate, a 75% property tax exemption and a full exemption on capital gains accrued while residing in Puerto Rico.
Featured, Government
Puerto Rico House approves 4% tax rate for future Act 60 investors
NIMB Staff April 30, 2025

The new rate applies to capital gains, interest and dividends under the Incentives Code beginning next year. #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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