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Rising interest rates, high home prices and construction tariffs are making homeownership harder to attain in Puerto Rico.
Economy, Featured
Puerto Rico housing affordability declines amid rising prices, tariffs
NIMB Staff June 4, 2025

Estudios Técnicos Inc.’s index shows steep drop as new home prices climb and interest rates stay high. #NewsismyBusiness

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Three nonprofit organizations in Puerto Rico have been granted low-power FM licenses to begin educational and cultural radio programming under a time-sharing schedule approved by the Federal Communications Commission.
Featured, Telecommunications/Technology
FCC grants LPFM licenses in Puerto Rico to 3 nonprofits under time-share
NIMB Staff June 4, 2025

Caguas and Cayey nonprofits secure low-power FM permits after disputes rejected. #NewsismyBusiness

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From left, Maritza Abadía, president of Banesco USA in Puerto Rico, and Calixto García-Vélez, president of Banesco USA
In-Brief
Banesco USA sees strong Q1 growth in Puerto Rico loans, deposits
NIMB Staff June 4, 2025

Bank reports 25% loan and 45% deposit growth, $76M in ECIP lending. #NewsismyBusiness

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Orlando Bravo, founder and managing partner of Thoma Bravo
In-Brief
Thoma Bravo closes $34.4B in funds to boost software sector investments
NIMB Staff June 4, 2025

The three oversubscribed funds reflect strong investor support across markets, the company stated. #NewsismyBusiness

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Women Trailblazers Connect marked the launch of a series of initiatives to promote inclusion and support women in Puerto Rico’s tech industry.
In-Brief
Women Trailblazers Connect event highlights Puerto Rico tech leadership
NIMB Staff June 4, 2025

Ironhack, Parallel18 and Tech SHEroes PR unite to empower women in tech. #NewsismyBusiness

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The NielsenIQ report explains how Puerto Rico’s retail formats and product categories responded to recent economic and consumer shifts.
Economy, Featured
NielsenIQ: Puerto Rico consumer sector sees early ’25 sales volume lift
NIMB Staff June 3, 2025

Lower price fluctuations help ease overall market decline, report shows. #NewsismyBusiness

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Gov. Jenniffer González, center, signs Puerto Rico’s new permitting reform alongside Sebastián Negrón-Reichard, secretary of the Department of Economic Development and Commerce, and private sector leaders.
Featured, Government
Puerto Rico gov’t launches sweeping permitting system reform
NIMB Staff June 3, 2025

New system introduces AI, faster inspections and support from private sector. #NewsismyBusiness

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Erica Cole of NoLimbits, an accessible-apparel brand from P18 Gen. 12, raised $3 million in Series A funding and signed agreements with Hanger Clinic, Walmart and QVC.
Featured, General Biz News
Parallel18 welcomes 13th startup cohort, tops 500 accelerator grads
NIMB Staff June 3, 2025

P18 alumni have created more than 800 jobs, and their cumulative revenue has reached $502.3 million. #NewsismyBusiness

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From left, Brian Miller of Business Innovation Group, San Juan Mayor Miguel Romero and Daphne Barbeito attend the signing ceremony approving new economic development decrees in San Juan.
In-Brief
San Juan grants new business incentives to boost jobs, investment
NIMB Staff June 3, 2025

Private investment nears $98 million under Romero’s economic development strategy. #NewsismyBusiness

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The Vocational Rehabilitation Administration’s program aims to build job readiness and independent living skills for Puerto Rico students ages 14 to 21.
In-Brief
ARV to serve 2K+ students with disabilities in summer boot camps
NIMB Staff June 3, 2025

Program aims to build job readiness, independence, and social skills across Puerto Rico. #NewsismyBusiness

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Universidad del Sagrado Corazón President Gilberto J. Marxuach-Torrós speaks at the awards ceremony held at the San Juan, Puerto Rico campus.
In-Brief
4 nonprofits split $64K in grants from Sacred Heart University
NIMB Staff June 3, 2025

The grants are part of the course “Social Change: Philanthropy Lab,” the only one of its kind in Puerto Rico. #NewsismyBusiness

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Julybeth Alicea-Rodríguez, CEO of HR Disruptor, launched the “Artificial Intelligence in Action” program in Puerto Rico.
Featured, Labor/HR
AI in Action program launches to empower Puerto Rico’s workforce
NIMB Staff June 2, 2025

HR Disruptor’s initiative combines business and academia to teach ethical, hands-on use of artificial intelligence. #NewsismyBusiness

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From left: Marlyn Martínez, workforce development director at the Puerto Rico Chapter of the Associated General Contractors (AGC-PR); Umberto Donato, past AGC-PR president and president of its Workforce Development Foundation; and José Torrens, AGC-PR president.
Featured, General Biz News
AGC-PR launches 1st registered construction apprenticeship program
NIMB Staff June 2, 2025

New workforce initiative enrolls 44 trainees across high-demand skilled trades. #NewsismyBusiness

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Student Jarel Negrón receives a Yamaha tuba donated by Mitsubishi from Madelene Nieves, vice president of Mitsubishi Motor Sales of Caribbean.
In-Brief
Mitsubishi Motors donates instruments to Escuela Libre de Música
NIMB Staff June 2, 2025

Students and faculty also create soundtrack for new Outlander 2025 campaign. #NewsismyBusiness

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The First Caribbean Agricultural Gathering was supported by international groups such as the Urgent Action Fund for Latin America and the Caribbean, Virgin Islands Good Food, and Grassroots International, as well as local groups including Colectivo El Ancón, Revista Étnica and HASER Inc.
In-Brief
Caribbean agriculture promoted at international meeting in Vieques
NIMB Staff June 2, 2025

First Caribbean Agricultural Meeting promotes food sovereignty, agroecology and shared solutions. #NewsismyBusiness

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QUOTE OF THE WEEK:

“These batteries will allow us to respond more efficiently to demand fluctuations, reduce our dependence on fossil fuels and support the integration of new generation technologies. This translates into greater stability and fewer outages for our communities.”

 

— Iván Báez, vice president of public and government affairs, Genera PR

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