Vimenti — a Boys and Girls Club program originated in Santurce in 2018 — has established empowerment and job programs that have helped 7 out of 10 of its participants to find jobs in several areas, its Executive Director Bárbara Rivera, confirmed. The nonprofit created the “Empleabilidad y Carreras” program that helps people get jobs […]
After a year of stabilization in the labor market and some economic sectors’ recovery following the dislocation caused by the COVID-19 pandemic, it is possible to expect a moderate economic growth of 2.0% by the end of fiscal year 2022, according to economic analysis firm Estudios Técnicos Inc. “The favorable performance of the Puerto Rico […]
The COVID-19 pandemic is being blamed for an increase of 2916% of identity theft reports filed in the US and Puerto Rico, mostly related to government benefits, credit cards and online sales, statistics from the Federal Trade Commission and Debt.com show. Debt.com’s data shows that 46% of people whose identity was stolen was related to […]
Following several days of an uptick in COVID-19 cases related to the Omicron variant registered in Puerto Rico, Gov. Pedro Pierluisi announced a change in plans for the Dick Clark’s New Year’s Rockin’ Eve with Ryan Seacrest 2022 celebration in San Juan, eliminating access to the public. Instead, the lineup of performers will present for […]
The famous Mexican actress Maria Félix said it candidly: “Money is not the most important thing in life, but it does calm your nerves.” Others say that money indeed makes the world go ‘round. Truly, it has been humanity’s instrument of barter and exchange goods since time immemorial. Also, since long ago, coinage has been […]
The US Environmental Protection Agency announced it has assigned $12 million to remediate some 2 acres of land in Manatí formerly used as a pesticide warehouse. The EPA will be addressing the most heavily contaminated soil of the Superfund site by digging it up and treating it using a technology that heats the material so […]
Motivated by the devastation that Hurricane María brought upon Puerto Rico when it hit in September 2017, a group of private citizens came together to help via a nonprofit that to this day continues to aid local communities overcome different challenges. In an interview with News is my Business, PRxPR founder Carmen Báez confirmed that […]
As it plans to open its first Chick-fil-A restaurant in Puerto Rico, the company is seeking owner/operators and employees for its locations, two of which are planned for Bayamón. Recently, the fast-food restaurant chain announced that Caitlin Chávez has been selected as the owner and operator of the first Chick-fil-A franchise to open in Los […]
As Puerto Rico wraps up 2021, industries across the board announced new executive appointments to lead their operations. MCS appoints senior VPMedical Card System Inc. announced the appointment of Gannett Ramos as senior vice president of IT Innovation and Strategy. Ramos’ professional career covers more than 30 years of experience in information systems, and […]
Banesco USA announced has been approved to participate in the U.S. Department of the Treasury’s Emergency Capital Investment Program (ECIP), for which it is eligible to receive an investment of up to $237.5 million. With the funds it will be able to increase lending to small and minority-owned businesses, and low- and moderate-income consumers in […]
The dream of homeownership became a reality for 12 families with the help of Habitat for Humanity of Puerto Rico, which delivered apartments worth a combined $1.9 million in Santurce. The investment was financed through a $50 million donation from biopharmaceutical company AbbVie. The project located on Ponce de León Ave. included the acquisition, rehabilitation, […]
Following five weeks of open calls and an extensive and competitive evaluation process, parallel18, an organization that belongs to the Puerto Rico Science, Technology and Research Trust, selected 28 Puerto Rican companies that will participate on the fourth generation of the local pre-acceleration program pre18, starting Jan. 24, 2022. With the slogan “Sácala del parque” […]
The Puerto Rico Treasury Department confirmed that despite the need of more staff, close to 1.2 million income tax returns for individuals and corporations for taxable year 2020 have been processed, which represents 99% of the total returns filed. Of that total, about 1 million have received their refunds. “We have quickly disbursed close to […]
The Department of Economic Development and Commerce (DDEC, in Spanish) and the U.S. Small Business Administration are urging small and medium-sized enterprises (SMEs) and nonprofits to apply for the Economic Damage Disaster Loan if their operations have been hit by the effects of the COVID-19 pandemic before the Dec. 31 deadline. On Oct. 8, the […]
The US Department of Agriculture granted $38.5 million to nine projects in Puerto Rico, which will improve critical rural infrastructure, the agency announced. Through this funding, the US government hopes to help expand access to high-speed internet, clean water and reliable electricity in people’s homes and businesses across rural areas, it said in a statement. […]
The Puerto Rico Manufacturing Extension Inc. (PRiMEX) released two studies analyzing the state of the island’s manufacturing infrastructure, which concluded that more than 70% of 160 buildings inspected are still dangerous after the earthquakes that hit two years ago. The studies also showed that more than 85% of the small and medium-sized manufacturing companies on […]
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