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Jesús Daniel Mattei, vice president of Sygnus
Featured, General Biz News
Sygnus Capital expands in Puerto Rico with M&A, advisory services
NIMB Staff March 31, 2025

This latest expansion aligns with Sygnus’ broader vision of fostering greater economic stability and enhancing market confidence in Puerto Rico’s business ecosystem. #NewsismyBusiness

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The Hollywood Reporter en Español is set to launch in May.
In-Brief
The Hollywood Reporter expands with Spanish-language edition
NIMB Staff March 31, 2025

The expansion aims to reach Latin America and Spain. #NewsismyBusiness

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The Puerto Rico Real Estate Summit will cover topics such as “Tax Credits and Investment Opportunities in Puerto Rico,” “Transforming Puerto Rico into a World-Class Destination,” and “Reshoring: Bringing Business Back to the Island.”
In-Brief
1st edition of Puerto Rico Real Estate Summit slated for April 28
NIMB Staff March 31, 2025

Real estate industry leaders to convene in San Juan. #NewsismyBusiness

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Graham Castillo, president of Estudios Técnicos Inc.
In-Brief
Estudios Técnicos, 360ONE partner to offer specialized services
NIMB Staff March 31, 2025

The companies will jointly offer a comprehensive approach to the business market, government, cooperatives and nonprofits. #NewsismyBusiness

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Maritime trade between Jacksonville, Florida, and Puerto Rico was first established in the 1950s, and at present, Jacksonville is the No. 1 U.S. port for trade with the island. (File photo)
Featured, Manufacturing
Ex-US maritime commissioner urges port investment in Puerto Rico
NIMB Staff March 28, 2025

Carl Bentzel sees the island as part of a U.S. strategy to nearshore manufacturing and reduce reliance on China. #NewsismyBusiness

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Featured, General Biz News
V. Suárez ranks 66th among top 500 Latino-owned businesses in U.S.
NIMB Staff March 28, 2025

The Latino Leaders Index500 features businesses based in 34 states and Puerto Rico. #NewsismyBusiness

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Benjamin Runyon of Ciencia Puerto Rico talks about how the Liberty Foundation donation will help strengthen the organization’s educational programs.
In-Brief
Liberty Foundation bestows $719K in donations, grants, scholarships
NIMB Staff March 28, 2025

Liberty Foundation benefited 83 nonprofit organizations in Puerto Rico and the USVI last year. #NewsismyBusiness

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Carlos Casillas-Charrón, one of this year’s winners, was recognized for his project on sustainable building materials using mycelium.
In-Brief
4th edition of Lexus Design with Purpose recognizes local innovation
NIMB Staff March 28, 2025

Since its inception, “Lexus Design with Purpose” has been a platform for designers and entrepreneurs to transform their ideas into real projects. #NewsismyBusiness

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The analysis points to a long-standing structural imbalance in Puerto Rico’s economy, noting that the Leading Economic Index confirms the island no longer responds effectively to traditional stimulus measures.
Economy, Featured
CNE report warns shifting federal policies threaten Puerto Rico’s recovery
NIMB Staff March 27, 2025

The CNE report urges Puerto Rico’s policymakers, private sector leaders, and civil society to remain proactive in responding to these shifts. #NewsismyBusiness

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The study, led by José Caraballo-Cueto, professor and director of the Center for Development Studies, analyzed 2023 data from the U.S. Census Bureau.
Economy, Featured
UPR study: Education reduces poverty, but gender gap persists
NIMB Staff March 27, 2025

Educational degrees strongly influenced poverty levels for both genders. #NewsismyBusiness

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The island compares well with Chile, Costa Rica and the Dominican Republic, especially in educational partnerships and developing drought-resistant crops.
Agriculture, Featured
Puerto Rico’s agricultural biotech sector generates $284M
NIMB Staff March 27, 2025

The sector employed 2,906 individuals with average salaries three times higher than the regional median. #NewsismyBusiness

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Metro by T-Mobile customers in Puerto Rico can also access the new 5G internet service for $50 per month with AutoPay.
In-Brief
T-Mobile offers 5G internet to Puerto Rico small businesses, Metro clients
NIMB Staff March 27, 2025

The service is designed for easy self-installation, with setup taking less than 15 minutes, the telecom provider stated. #NewsismyBusiness

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In-Brief
AIAPR launches ‘Women in Architecture’ committee
NIMB Staff March 27, 2025

More than 60 female architects, including licensed professionals and architects-in-training, attended the event. #NewsismyBusiness

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Banco Popular CEO Ignacio Álvarez was among the event’s featured speakers.
In-Brief
Endeavor hosts first-ever ‘Meeting of the Americas’ in San Juan
NIMB Staff March 27, 2025

Future panels will increasingly feature Puerto Rican entrepreneurs as leaders. #NewsismyBusiness

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Banking, Featured
Banesco reports growth in Puerto Rico, loans up 25%, deposits up 20%
NIMB Staff March 26, 2025

Banesco USA’s overall financial performance showed a net income of $43 million in 2024. #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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