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The improved ranking increases Puerto Rico’s visibility as a strategic location for companies seeking operational stability within a U.S. jurisdiction. (Credit: Antonyesse | Dreamstime.com)
Economy, Featured
Puerto Rico rises in global competitiveness rankings, taking 45th place
NIMB Staff June 20, 2025

Island climbs four spots in IMD Yearbook, ranks fourth in the Americas. #NewsismyBusiness

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Puerto Rico United Retailers Association (CUD, in Spanish) President Ramón Barquín is opposing legislation to reduce the size of permit-exempt business signs. (File photo)
Featured, Government
CUD opposes bill to reduce business sign size in Puerto Rico
Maria Miranda June 20, 2025

The United Retailers Association warns that the proposed change would raise costs for small businesses. #NewsismyBusiness

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Puerto Rico Economic Development Bank President Carmen Vega-Fournier
Featured, Government
Puerto Rico’s Economic Development Bank streamlines lending efforts
NIMB Staff June 20, 2025

Agency cuts loan processing time, expands strategic agreements and services. #NewsismyBusiness

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Featured, General Biz News
Study: Private label brands drive growth in DomRep, gain in Puerto Rico
NIMB Staff June 19, 2025

NielsenIQ study highlights divergence in modern retail trends across the region. #NewsismyBusiness

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The Amphibious Caravan will allow landings on beaches, waterfront properties and remote islands without traditional runways.
Featured, Tourism/Transportation
flyExclusive expands reach to Puerto Rico with amphibious plane service
NIMB Staff June 19, 2025

Company adds Cessna Caravan flights from Miami’s Tamiami Airport to island region. #NewsismyBusiness

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Banking, Featured
Popular Risk launches Medicare Advantage pilot at Banco Popular branches
NIMB Staff June 19, 2025

Program offers personalized guidance on health plan options from three insurers. #NewsismyBusiness

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A selection of Pantera’s contemporary Asian dishes, blending bold flavors and artistic presentation.
Featured, Lifestyle
Pantera opens in Caguas with $500K investment in Asian cuisine, cocktails
NIMB Staff June 19, 2025

Grupo Avilés debuts sensory-focused dining experience in Caguas’ city center. #NewsismyBusiness

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Puerto Rico has two Job Corps campuses: one in Garrochales, Arecibo, and another in Ramey, Aguadilla.
Featured, General Biz News
Velázquez calls on Labor secretary to halt Puerto Rico Job Corps shutdown
NIMB Staff June 18, 2025

Lawmakers urge reversal of phase-out that would impact hundreds of youth, jobs. #NewsismyBusiness

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From left: Puerto Rico Economic Development Bank President Carmen A. Vega-Fournier and Zoimé Álvarez-Rubio, executive vice president of the Puerto Rico Bankers Association, testify on House Bill 701.
Featured, Government
Economic Development Bank backs expanding consumer lending powers
NIMB Staff June 18, 2025

BDE president defends proposal as bankers warn it risks straying from mission. #NewsismyBusiness

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The data, part of the Cost-of-Living Index for January through March, places the San Juan–Bayamón–Caguas Metropolitan Statistical Area fifth in the U.S. for public utility costs, with an index of 161. (Credit: Kyolshin | Dreamstime.com)
Economy, Featured
Puerto Rico’s energy rates exceed US average by over 90%, COLI shows
NIMB Staff June 18, 2025

Cost of living index also reveals elevated food prices. #NewsismyBusiness

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Arecibo Mayor Carlos Ramírez Irizarry plans improvements to municipal infrastructure and government services.
Featured, Government
Arecibo responds to ADA lawsuit with accessibility improvement plan
NIMB Staff June 17, 2025

Mayor pledges upgrades at City Hall, public spaces after legal filing. #NewsismyBusiness

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Experts warn of increasing job automation in white-collar sectors, given the growing use of AI tools in the workplace. (Credit: Wrightstudio | Dreamstime.com)
Featured, Telecommunications/Technology
Experts warn of AI-driven disruption to jobs in Puerto Rico
NIMB Staff June 17, 2025

Goldman Sachs study cited as concerns rise over automation in legal, tech and administrative sectors. #NewsismyBusiness

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“The support from Fase1 Intensive is important to ensure that I start off on the right foot and can move on to the next level. Being here, I feel like I'm in the right place, surrounded by the right people,” said Melissa Fort (center) from Gold Dust, a participant in Fase1 Intensive’s fourth cohort.
Featured, General Biz News
Science Trust picks 52 entrepreneurs for Fase1 startup incubator cohort
NIMB Staff June 17, 2025

New Gen. 4 class includes business ideas in tech, tourism and health care. #NewsismyBusiness

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A restaurant worker prepares a sandwich for delivery. A new resolution in Puerto Rico’s House of Representatives calls for an investigation into how food delivery apps set prices and fees.
Featured, Government
Puerto Rico lawmaker calls for probe into food delivery app pricing
Maria Miranda June 16, 2025

Resolution would task the House Consumer Affairs Committee with reviewing platforms like Uber Eats and DoorDash. #NewsismyBusiness

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Ponce Mayor Marlese Sifre-Rodríguez speaks during the tourism forum held in New York to advocate for broader promotion of Puerto Rico’s municipalities.
Featured, Government
Mayors call for greater promotion of tourism in Puerto Rico’s towns
NIMB Staff June 16, 2025

Municipal leaders urge Discover Puerto Rico to spotlight local attractions. #NewsismyBusiness

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QUOTE OF THE WEEK:

“Trust is the main ingredient for business. So instead of telling your employees that AI is coming after you’ve made the decision and have a plan for implementation, you should involve them during conception and evaluation. That way, you can address their questions, fears and concerns from the start.”

 

— Paulo Preciado, executive advisor partner for the Caribbean and Central America, Great Place to Work

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