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Executives from the Puerto Rico Chamber of Food Marketing, Industry and Distribution (MIDA, in Spanish) present findings from the 2025 Consumer X-ray study.
Featured, General Biz News
Puerto Rico consumers cut back on entertainment, boost essentials
NIMB Staff June 4, 2025

MIDA’s Consumer X-ray 2025 shows rising spending, growing concern over tariffs. #NewsismyBusiness

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Rising interest rates, high home prices and construction tariffs are making homeownership harder to attain in Puerto Rico.
Economy, Featured
Puerto Rico housing affordability declines amid rising prices, tariffs
NIMB Staff June 4, 2025

Estudios Técnicos Inc.’s index shows steep drop as new home prices climb and interest rates stay high. #NewsismyBusiness

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Three nonprofit organizations in Puerto Rico have been granted low-power FM licenses to begin educational and cultural radio programming under a time-sharing schedule approved by the Federal Communications Commission.
Featured, Telecommunications/Technology
FCC grants LPFM licenses in Puerto Rico to 3 nonprofits under time-share
NIMB Staff June 4, 2025

Caguas and Cayey nonprofits secure low-power FM permits after disputes rejected. #NewsismyBusiness

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The NielsenIQ report explains how Puerto Rico’s retail formats and product categories responded to recent economic and consumer shifts.
Economy, Featured
NielsenIQ: Puerto Rico consumer sector sees early ’25 sales volume lift
NIMB Staff June 3, 2025

Lower price fluctuations help ease overall market decline, report shows. #NewsismyBusiness

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Gov. Jenniffer González, center, signs Puerto Rico’s new permitting reform alongside Sebastián Negrón-Reichard, secretary of the Department of Economic Development and Commerce, and private sector leaders.
Featured, Government
Puerto Rico gov’t launches sweeping permitting system reform
NIMB Staff June 3, 2025

New system introduces AI, faster inspections and support from private sector. #NewsismyBusiness

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Erica Cole of NoLimbits, an accessible-apparel brand from P18 Gen. 12, raised $3 million in Series A funding and signed agreements with Hanger Clinic, Walmart and QVC.
Featured, General Biz News
Parallel18 welcomes 13th startup cohort, tops 500 accelerator grads
NIMB Staff June 3, 2025

P18 alumni have created more than 800 jobs, and their cumulative revenue has reached $502.3 million. #NewsismyBusiness

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SBA Atlantic Regional Administrator Matt Coleman, who oversees programs in New York, New Jersey, Puerto Rico and the U.S. Virgin Islands.
Featured, Small Business
SBA sees lending, manufacturing growth in Puerto Rico
Michelle Kantrow-Vázquez June 2, 2025

SBA Regional Director Matt Coleman highlights loan surge, local staffing and new tools to boost the island’s resilience. #NewsismyBusiness

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Julybeth Alicea-Rodríguez, CEO of HR Disruptor, launched the “Artificial Intelligence in Action” program in Puerto Rico.
Featured, Labor/HR
AI in Action program launches to empower Puerto Rico’s workforce
NIMB Staff June 2, 2025

HR Disruptor’s initiative combines business and academia to teach ethical, hands-on use of artificial intelligence. #NewsismyBusiness

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From left: Marlyn Martínez, workforce development director at the Puerto Rico Chapter of the Associated General Contractors (AGC-PR); Umberto Donato, past AGC-PR president and president of its Workforce Development Foundation; and José Torrens, AGC-PR president.
Featured, General Biz News
AGC-PR launches 1st registered construction apprenticeship program
NIMB Staff June 2, 2025

New workforce initiative enrolls 44 trainees across high-demand skilled trades. #NewsismyBusiness

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Lyft will compete in Puerto Rico with Uber, which began operating on the island in July 2016, and other transportation services.
Featured, Tourism/Transportation
Lyft enters Puerto Rico, opening new income opportunities for drivers
NIMB Staff May 30, 2025

Rideshare company offers upfront earnings, flexible hours and safety tools for drivers islandwide. #NewsismyBusiness

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The House Committee on Natural Resources, chaired by Rep. Elinette González-Aguayo, held a hearing this week on proposed changes to Puerto Rico’s maritime-terrestrial zone.
Environment, Featured
Experts warn lawmakers against proposed coastal zone definition
NIMB Staff May 30, 2025

Environmental and construction groups caution that the current proposal ignores climate realities. #NewsismyBusiness

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JetBlue and United announced a partnership to integrate loyalty programs and booking platforms.
Featured, Tourism/Transportation
JetBlue, United partner to link loyalty programs, booking platforms
NIMB Staff May 30, 2025

Collaboration enables reciprocal frequent flyer rewards and cross-platform booking. #NewsismyBusiness

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From left: Wilmarie de Jesús, policy analyst at Espacios Abiertos, and Daniel Santamaría-Ots, co-director of the nonprofit.
Featured, Government
Puerto Rico EITC cuts could hit retirees, young adults, report warns
Eduardo San Miguel Tió May 29, 2025

Espacios Abiertos warns $400 million reduction may undermine labor force incentives. #NewsismyBusiness

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Puerto Rico-born investor Orlando Bravo leads the Bravo Family Foundation to support local entrepreneurship.
Featured, General Biz News
Bravo advances private equity, entrepreneurial growth in Puerto Rico
Michelle Kantrow-Vázquez May 29, 2025

Bravo Family Foundation programs link investment strategies with island-wide impact. #NewsismyBusiness

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Claro President Enrique Ortiz de Montellano outlines the company’s preparations for the 2025 hurricane season.
Featured, Telecommunications/Technology
Claro strengthens network resilience ahead of 2025 hurricane season
NIMB Staff May 29, 2025

Carrier commits $160 million to reinforce infrastructure and customer connectivity. #NewsismyBusiness

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QUOTE OF THE WEEK:

“We’re very excited to welcome the Star of the Seas for the first time today to the San Juan Pier, as well as the Celebrity Beyond, which together bring more than 13,000 people, including passengers and crew.

 

This first visit of the Star of the Seas is estimated at approximately $600,000, and with the next five scheduled calls, it will exceed $3.5 million in direct economic impact.”

 

— Willianette Robles-Cancel, executive director, Puerto Rico Tourism Co.

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