GUIA reports 36% YoY new car sales growth in ’21, highest jump in 16 yrs.
January 14, 2022
New car sales in Puerto Rico hit a record figure last year, when 129,145 vehicles were sold, representing a 36% jump when compared to 2020, and the highest growth since 2005, when 140,400 units were sold, the United Automobile Importers Group (GUIA, in Spanish) announced. Last year’s industry growth happened despite the effects of the […]
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DDEC announces commercial mission to Spain April 4-8
January 14, 2022
The Department of Economic Development and Trade announced that the Trade and Export Program will carry out a commercial mission to Spain, which will take place April 4-8, with the support of a State Trade and Export Promotion grant from the U.S. Small Business Administration. Entrepreneurs interested in participating in this trade mission have until […]
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104th American Farm Bureau Federation convention coming to Puerto Rico in ’23
January 13, 2022
The Puerto Rico Agriculture Department announced that the American Farm Bureau Federation’s 104th annual convention will take place in San Juan, for the first time, Jan. 6-11, 2023. More than 5,000 farmers from the 50 states and Puerto Rico are expected to participate in this event in which industry leaders will be educating farmers about […]
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Travel blog Mochileando will award $5K to 2 local entrepreneurs
January 13, 2022
Mochileando — a travel blog based in Puerto Rico — in collaboration with its nonprofit organization, Fundación Mochileando 100×35, will donate $5,000 to two local entrepreneurs so they can boost their business or expand it through the “Despega tus sueños 2.0” initiative. Participants must include an 1- to 3-minute explanatory video describing the business idea […]
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Heads of Puerto Rico co-ops join to form new association
January 7, 2022
The heads of cooperatives from all over Puerto Rico have come together to create the Association of Co-op Presidents and Elected Leaders Inc., which aims to defend the best interests of local cooperative members, estimated at a million. This new organization brings together members who were elected by their peers to compose the boards of […]
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70% of Vimenti programs participants get jobs upon graduation
December 27, 2021
Vimenti — a Boys and Girls Club program originated in Santurce in 2018 — has established empowerment and job programs that have helped 7 out of 10 of its participants to find jobs in several areas, its Executive Director Bárbara Rivera, confirmed. The nonprofit created the “Empleabilidad y Carreras” program that helps people get jobs […]
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FTC, Debt.com stats show 2916% surge in identity theft in US, PR
December 23, 2021
The COVID-19 pandemic is being blamed for an increase of 2916% of identity theft reports filed in the US and Puerto Rico, mostly related to government benefits, credit cards and online sales, statistics from the Federal Trade Commission and Debt.com show. Debt.com’s data shows that 46% of people whose identity was stolen was related to […]
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USDA grants Puerto Rico $38.5M to improve critical rural infrastructure
December 17, 2021
The US Department of Agriculture granted $38.5 million to nine projects in Puerto Rico, which will improve critical rural infrastructure, the agency announced. Through this funding, the US government hopes to help expand access to high-speed internet, clean water and reliable electricity in people’s homes and businesses across rural areas, it said in a statement. […]
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PRiMEX: 70% of Puerto Rico’s manufacturing buildings show structural damage
December 17, 2021
The Puerto Rico Manufacturing Extension Inc. (PRiMEX) released two studies analyzing the state of the island’s manufacturing infrastructure, which concluded that more than 70% of 160 buildings inspected are still dangerous after the earthquakes that hit two years ago. The studies also showed that more than 85% of the small and medium-sized manufacturing companies on […]
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10K New Year’s Eve revelers expected at Puerto Rico Convention Center festivities
December 16, 2021
Puerto Rico’s New Year’s Eve countdown at the Convention Center District is expected to draw as many as 10,000 revelers, who will be required to be fully vaccinated against COVID-19 to participate, government officials said. In a press conference, Gov. Pedro Pierluisi and Convention Center District Authority Executive Director Mariela Vallines, said the “From Puerto […]
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Mastercard partners with Puerto Rico Food Bank to deliver 4K ‘Mochilas Alegres’
December 16, 2021
Mastercard is joining forces with the Puerto Rico Food Bank to combat hunger on the island and anticipates it will deliver some 4,000 “Mochilas Alegres” by the end of the year. For every five contactless transactions, Mastercard will donate a “Mochila Alegre” with food supplies to a child in need when school cafeterias are closed […]
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DDEC announces several initiatives to support SMEs
December 13, 2021
The Department of Economic Development and Commerce (DDEC in Spanish), announced the launch of several initiatives aimed specifically at local small and medium-sized enterprises (SMEs) with the purpose to provide capital for the development of several commercial activities that promote economic growth and jobs. These funding programs were announced during the Expo Desarrollo Pymes, an […]
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Coffee & Chocolate Expo 2021’s 10th edition slated for Dec. 11-12
December 6, 2021
The Coffee & Chocolate Expo 2021’s 10th edition will be held Dec. 11-12 at the Puerto Rico Convention Center, in which participants will be able to taste, learn and appreciate the best of the coffee and chocolate industry in Puerto Rico. “During the event — which was interrupted last year as a result of COVID-19 […]
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Gov’t agencies establish new efforts to secure emergency communications network
December 3, 2021
As the 2021 hurricane season comes to an end, the Puerto Rico Innovation and Technology Services (PRITS) and the Public Safety Department met with representatives of the First Responder Network Authority (FirstNet) to evaluate the state of Puerto Rico’s emergency communications infrastructure and establish short and long-term work plans. The Telecommunications Bureau (NET), as well […]
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Gaming Commission waiting for $3.5M to ‘straighten out’ illegal slots industry
December 2, 2021
After winning an appeal of a lawsuit related to the oversight of adult gaming slot machines, the Puerto Rico Gaming Commission is waiting for its share of $3.5 million from the Puerto Rico Treasury Department, from the $6 million earned this term to hire staff and straighten out the sector, agency officials said. The San […]
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