For a decade, we have heard that the cloud has changed the way we interact with technology. We have real-time access to data, instant information, live connected and faster communications. We’re talking about productivity, competitiveness, mobility and flexibility. The cloud is transforming us. But not all clouds are created equal. The “first generation cloud” was […]
Businesses have been caught off-guard by the arrival of the novel coronavirus, most of them completely unprepared for its effects. Virtually overnight, the virus has thrown both our economy and our daily lives into disarray. Government restrictions enacted to halt the rapid spread of the virus have paralyzed large swaths of the economy, leaving thousands […]
Puerto Rico and federal government officials unveiled plans for the De Diego Village, a $34 million affordable and multifamily housing complex to be located in the Río Piedras urban center that will include a commercial area to promote the revitalization of the once active area of San Juan. The investment includes $18.1 million in Community […]
“We cannot solve our problems with the same thinking we used when we created them.”– Albert Einstein Jokingly, a meme on Facebook asks people from Puerto Rico to fill out a checklist regarding all the incidents and disasters they have endured. A hurricane, an earthquake, a pandemic, a lockdown and a blackout are among the […]
The global economic landscape created by the new coronavirus pandemic could represent an opportunity for Puerto Rico to re-insert itself with prominence into the U.S. medical supply chain. We know that we have the right workforce for the pharmaceutical industry, and the world knows that the financial devastation left by the 2017 hurricanes and now […]
It was March 14, 2020, when I first heard the news about an imminent lockdown for Puerto Rico. My first thoughts were my family and my tutoring business that had been open for only one month. My family’s health? My students? My income? Now what? With sadness and, at the same time with enthusiasm. I […]
In 2015, the United Nations General Assembly held its Sustainable Development Summit. During said event, 17 objectives that make up its 2030 Sustainable Development Agenda were approved and adopted. Some 193 member countries ratified the route to a new paradigm of global development by laying out a path or blueprint for achieving it. What are […]
In 2012, the U.S. Department of Justice (DOJ) issued a Resource Guide of the Foreign Corrupt Practices Act (FCPA). Since then, much has happened in the landscape of investigations and enforcement actions against corporations doing business in the United States. For starters, in 2018 the agency changed its policy from fighting corporate fraud and misconduct […]
Technological innovations not only transform, evolve and improve certain products or services; they also drive economic growth. To achieve such innovation, companies need to walk the talk and pave the road to success for other entrepreneurs in their economic landscape. Some actions in that direction include promoting good concepts, enabling support networks and providing adequate […]
A few weeks ago, Jenniffer González-Colón, Puerto Rico’s Resident Commissioner, appeared in the highly rated show translated as “Playing Hardball,” along with Manuel Laboy, Secretary of the Department of Economic Development. The show’s panel inquired about the government’s slow disbursement of federal funding that was allotted to the island under several of the Cares Act […]
I was happy to read about Parallel 18’s latest group of startups and listen to each company pitch during their recent virtual kickoff event. Generation 8 is the accelerator’s first all Puerto Rican cohort and it surfaces as a hopeful sign amidst a sea of small businesses that have shut down due to the COVID-19 […]
Arguably since 2006, Puerto Rico has endured a plethora of natural and man-made incidents and disasters. After much travail, it seems that Puerto Rico agonizes under a never-ending recovery. And this fact is evident if we understand what recovery should be. In the dictionary, recovery is defined as “the process of becoming successful or normal again after problems,” or […]
A study by the Youth Development Institute warned last week of the devastating effects that lack of access to state and federal assistance programs could have on our children during the pandemic. The child poverty rate in Puerto Rico is 58%. COVID-19 could plunge 43,000 more children into poverty in a four-month period if aid […]
The COVID-19 pandemic has brought disorientation and confusion on all fronts, and one of them is the business legal arena, and what’s applicable and what isn’t in a situation as unique as this. From huge business transactions to everyday ordinary ones, everything seems unclear. For example, in recent days we have heard complaints from many […]
I’m sure that many folks reading this publication might consider that my headline is just an utter exaggeration. Nonetheless, as the COVID19 pandemic ravages the globe and the specter of another drought in Puerto Rico starts to worry an already distressed populace, my assertion seems to be not all that absurd. We can’t forget that […]
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