Restaurant Association presents study findings, ’23 projections
February 1, 2023
About a quarter of respondents have had to raise prices and still lack employees.
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Distrito T-Mobile to focus on doubling number of international visitors
January 31, 2023
Venue adds business, retail partners and announces events, along with renewed entertainment and dining offerings.
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Frontier to lead in number of flights to Puerto Rico
January 31, 2023
Frontier will expand service to San Juan and Aguadilla and adds a new Ponce route.
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Hurricane Fiona federal assistance reaches $811M in Puerto Rico
January 31, 2023
FEMA, the SBA and the National Flood Insurance Program have provided assistance.
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GivingTuesday Puerto Rico collects $900K for 100+ orgs.
January 31, 2023
The organizations received donations online and via Evertec's ATH Móvil platform.
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Port of San Juan improvement project gets green light
January 30, 2023
Puerto Rico gov't and U.S. Army Corps of Engineers sign over $58 million agreement to dredge, deepen and widen Bay of San Juan.
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FEMA assigns $18.5M for Valenciano water treatment plant and reservoir
January 30, 2023
The total cost of the project is estimated at more than $417 million in FEMA funding.
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Krone Model and Talent Management ventures into franchising
January 30, 2023
Two franchises have opened their doors in San Juan and Caguas.
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First BanCorp. reports $305M in net income for ’22
January 30, 2023
CEO Aurelio Alemán believes "that our organization has ample experience navigating uncertainty and is well equipped to manage rising market challenges going into the next cycle."
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OFG Bancorp reports $608M in ’22 revenue, $168M in 4Q22
January 27, 2023
The bank spent 2022 "deploying technology, expanding, and improving our network and investing in people and talent."
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Gypsum Depot & More opens 1st of 3 stores in Puerto Rico
January 27, 2023
Two additional stores are expected to open by 2026.
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Genera PR tapped to run Puerto Rico’s energy generation
January 26, 2023
New Fortress Energy subsidiary will receive $22.5M for the first 5 years of 10-year contract.
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Popular Inc. earns $1.1B in ’22, up from prior year
January 26, 2023
The bank also reported net income of $257.1 million for the quarter ended Dec. 31, 2022.
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PathStone Corp. to receive $500K for job training in Puerto Rico
January 26, 2023
This is PathStone Corporation’s fifth grant under the EPA Brownfields Job Program.
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Report: Puerto Rico needs economic plan to benefit from US nearshoring policy
January 25, 2023
Puerto Rico has competitive advantages that could make it a very attractive place for companies that return their manufacturing processes to the United States.
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