A nearly $11M investment funds reconstruction of Baños de Coamo Hotel
June 13, 2023
Funding for the hurricane-damaged hotel project in Puerto Rico consists of a $3.9 million FEMA allocation, along with a $7 million private investment. #NewsismyBusiness
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Ports reports uptick in passenger, cargo traffic in Aguadilla and Ponce airports
June 13, 2023
The Rafael Hernández Airport in Aguadilla and Mercedita in Ponce registered increases in passenger movement of 44.6% and 63.5%, respectively, from January to April 2023. #NewsismyBusiness
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Owners of Red Flamboyán open $500K hotel in Rincón
June 12, 2023
The Puerto Rican family, headed by Juan González, confirmed the new addition will be officially inaugurated on June 19. #NewsismyBusiness
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New car sales in Puerto Rico see 8% Y-O-Y boost in May
June 12, 2023
Inventory levels have improved substantially across most brands, the United Automobile Importers Group stated. #NewsismyBusiness
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Puerto Rico Community Foundation program spurs entrepreneurship, job creation
June 12, 2023
Supported by the foundation’s Small Business Incubators and Accelerators Program, 53 individuals from 19 towns have developed new businesses. #NewsismyBusiness
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Census study: Puerto Rico faces significant challenges in disaster recovery
June 9, 2023
First-ever Community Resilience Estimates found that nearly half of the island’s population has three or more risk factors, more than double the stateside population. #NewsismyBusiness
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$15M in FEMA funds to revamp Puerto Rico baseball parks
June 9, 2023
The federal agency’s allocation includes the restoration of two stadiums that were damaged by Hurricane Maria. #NewsismyBusiness
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Puerto Rico Gaming Commission OKs e-sports betting; BetMGM launches platform
June 9, 2023
The approval will allow players to bet anytime, anywhere using electronic devices. #NewsismyBusiness
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Puerto Rico’s labor market grew significantly in 2022
June 8, 2023
Increases were seen in employment, wages and business establishments. #NewsismyBusiness
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Fajardo’s Marina Puerto Chico wins $1M+ infrastructure grant
June 8, 2023
The funds will aid in the development of its transient marina project. #NewsismyBusiness
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Leap Enterprise Inc. gets $500K EPA grant for environmental evaluations in Puerto Rico
June 8, 2023
The brownfields grant will go to fund assessments and advance environmental justice in San Juan, Carolina, Juncos and Humacao. #NewsismyBusiness
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Blackford Capital acquires San Juan-based Paciv for undisclosed amount
June 7, 2023
PACIV founder and majority owner Jorge Rodríguez will remain as a shareholder and a member of the board. #NewsismyBusiness
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USACE to solicit $5B contract for Puerto Rico power system stabilization
June 7, 2023
The multiple award task order contract aims to address electric grid needs after years of infrastructural challenges and natural disasters. #NewsismyBusiness
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Xpand opens call for 3rd generation of growth stage companies
June 7, 2023
The program will offer mentoring to Puerto Rican founders of innovative companies on raising capital, exporting, and scaling into new markets. #NewsismyBusiness
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Comptroller: San Juan spent $1.4M on tablets in 2020, with 23% still undistributed
June 6, 2023
The agency said that 13% of the tablets at Head Start centers were defective but had not been referred for repair, while others had yet to be inspected before their warranty expired. #NewsismyBusiness
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