Study: STRs not to blame for Puerto Rico’s housing affordability challenges
May 15, 2023
In the study, Foundation for Puerto Rico covered the factors impacting housing and rent prices on the island, examining several causes. #NewsismyBusiness
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U.S. Dept. of Commerce sets Puerto Rico’s 1st Economic Development District
May 15, 2023
A variety of industries will be supported in their economic development efforts, including health care, hospitality and agriculture, the federal agency stated. #NewsismyBusiness
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Parguera Plaza Hotel reopens its doors after $3.5M revamp
May 15, 2023
Parguera Plaza Hotel is expected to become the first and only hotel with a microbrewery in the Caribbean. #NewsismyBusiness
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Justice Dept. launches PR/USVI Environmental Crimes Task Force
May 12, 2023
The creation of this task force builds upon the Justice Department’s environmental justice strategy and brings together federal law enforcement agencies in Puerto Rico and the U.S. Virgin Islands. #NewsismyBusiness
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Ponce museums receive $2.4M for repairs after Hurricane María, earthquakes
May 12, 2023
Federal funds allocated to restore structures that preserve Puerto Rican history and culture. #NewsismyBusiness
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Science Trust wins $1M NSF Engines development award
May 12, 2023
The award is expected to have a measurable impact on Puerto Rico’s economy, increase the number of jobs, and increase workforce training strategies in the biopharma sector. #NewsismyBusiness
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Congressional lawmakers submit legislation to modify rum cover-over
May 11, 2023
This legislation would amend Section 7652 of the Internal Revenue Code of 1986, making $13.25 per proof gallon the amount covered over by law, among other steps. #NewsismyBusiness
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Puerto Rico’s economy grows 3.7%, highest in 23 years
May 11, 2023
Fiscal year 2022 sees the highest growth in 23 years, led by personal consumption and investment. #Newsismybusiness
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Officials gather in Ponce for federally sponsored economic dev’t training
May 11, 2023
In-person and virtual classes wrap EDA’s post-Maria economic recovery work. #NewsismyBusiness
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Puerto Rico bankruptcies up 10.2% YOY in April
May 10, 2023
So far this year, corporate filings under Chapter 11 more than doubled to 15. #NewsismyBusiness
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Vitrina Solidaria hosts ‘Pop-Up Sale Mom’s Edition’ to support entrepreneurs
May 10, 2023
Annual event offers business experience for program participants and showcases products from more than 25 microenterprises. #NewsismyBusiness
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Liberty Puerto Rico reports $366M in revenue in 1Q23
May 10, 2023
Liberty Puerto Rico’s postpaid base grew during the quarter and continued to record exceptionally low levels of churn. #NewsismyBusiness
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Emblematic La Terraza restaurant in Dorado undergoes $350K remodel
May 10, 2023
The restaurant has a lounge area on the second floor, a private space for events and a beautiful bar. #NewsismyBusiness
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Gov’t exceeds expectations with sponsorship of WWE weekend event
May 9, 2023
It had been anticipated that the exposure of the island as an entertainment destination would be significant. #NewsismyBusiness
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70+ communities participate in Foundation for Puerto Rico-sponsored workshop
May 9, 2023
Community leaders, municipalities, nonprofits and other entities collaborated in creating community resilience plans as part of the WCRP program. #NewsismyBusiness
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