Study: Puerto Rico consumer budgets compromised by debt, escalating prices
June 30, 2023
The Chamber of Food Marketing, Industry and Distribution (MIDA, in Spanish) released the full findings of this year’s Consumer X-Ray study. #NewsismyBusiness
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San Juan ranks among most expensive cities to live for employees
June 30, 2023
The firm’s 2023 Cost of Living Survey shows that Puerto Rico sits significantly high in the ranking that included 227 cities from across five continents. #NewsismyBusiness
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Employment in San Juan up 4.7% Y-O-Y in December
June 30, 2023
The average weekly wage in San Juan was $805 in the fourth quarter of 2022, up 3.9% from one year earlier. #NewsismyBusiness
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Planning Board projects economic growth in Puerto Rico for fiscal years ’23, ’24
June 30, 2023
The Planning Board presented an upward revision of the economic projections for those fiscal years. #NewsismyBusiness
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UPR Neuroplasticity Center receives more than $5M
June 29, 2023
Federal funds for the center’s final development phase support the UPR’s research and treatment for neurological and neurodegenerative diseases. #NewsismyBusiness
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Ports Authority gets $3M to improve Puerto Nuevo pier Avenue C
June 29, 2023
Avenue C is the only access roadway serving the Puerto Nuevo Port Zone’s eight eastern piers. #NewsismyBusiness
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SBA blocked 21.3M fake pandemic relief applications, saving $511B
June 29, 2023
The SBA was able to block duplicate applications, ineligible applications and attempted fraud. #NewsismyBusiness
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Puerto Rico Coliseum sees record-breaking net income
June 28, 2023
With a 202% increase, the Puerto Rico Convention District Authority and ASM Global celebrate the most profitable year in the venue’s 19 years. #NewsismyBusiness
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Salt Labs helps hourly workers build future through rewards app
June 28, 2023
The loyalty app enables frontline workers to earn a reward currency called "Salt" for every hour that they work. #NewsismyBusiness
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Housing Finance Authority grants $29M for Cataño apartment building
June 28, 2023
Bahía Apartments is a 12-story apartment building with 104 apartments and many amenities. #NewsismyBusiness
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Puerto Rico gets $334.6M to deploy broadband infrastructure
June 27, 2023
The funding is part of the global $42.45 billion allocation from the Broadband Equity, Access and Deployment (BEAD) program. #NewsismyBusiness
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2 more online betting operations approved in Puerto Rico
June 27, 2023
The Gaming Commission director predicts growth in digital betting will generate $4 million in revenue for the island’s government. #NewsismyBusiness
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Raincoat raises $6.5M to invest in post-climate disaster financial resiliency
June 27, 2023
The San Juan-based company will use its funding to scale the platform in new markets and assist more individuals impacted by natural disasters in recovering from a catastrophe. #NewsismyBusiness
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San Juan sidewalks to become disability-friendly under U.S. Justice Dept. order
June 26, 2023
Following a discrimination lawsuit for violation of the ADA, the agency proposes an order to make public sidewalks more accessible. #NewsismyBusiness
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Planet Fitness invests $6 million in 2 new gyms
June 26, 2023
The new gyms are part of an ongoing expansion that Planet Fitness announced last year. #NewsismyBusiness
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