One of the most important industries in Puerto Rico is the rum industry, not only for its economic contribution but also for its legacy. As a pioneer in this sector, the island has experienced an expansion of the market and an evolution of the consumption patterns, which has increased production and competitiveness. In terms of […]
The Albanistería workshop is marking its first anniversary as an organization helping women and girls build a path to self-sufficiency by learning to skills in repairs and construction work. The project located in Bayamón, and founded during the COVID-19 pandemic, has already trained more than 320 women and 60 girls since 2020, including a cabinetmaking […]
The US Department of Agriculture announced that seven rural projects in Puerto Rico will split $500,000 in grant funding from the Rural Energy for America Program (REAP), to reduce the impacts of climate change on those communities. The selected projects across the island were: San Pedro Farmacy of Lajas (Cortes-Lebron Family), which is receiving a […]
Puerto Rico will receive $78.4 million through the Bipartisan Infrastructure Law in 2022, which comes from the US Environmental Protection Agency’s State Revolving Fund (SRF) to upgrade aging water infrastructure and address key challenges like lead in drinking water and other contamination issues. EPA Administrator Michael S. Regan announced the round of funding that totals […]
Luquillo, Fajardo and Naguabo are the most recent municipalities to join the more than 67 recreational plazas that will be transformed with a $9.7 million allocation from the Federal Emergency Management Agency (FEMA). This approval of federal funds will be used to repair damage caused by Hurricane María and will include hazard mitigation measures for […]
After winning an appeal of a lawsuit related to the oversight of adult gaming slot machines, the Puerto Rico Gaming Commission is waiting for its share of $3.5 million from the Puerto Rico Treasury Department, from the $6 million earned this term to hire staff and straighten out the sector, agency officials said. The San […]
An estimated 125,000 people, or 54,920 families or taxpayers, could cross the poverty line in Puerto Rico by adopting the new Earned Income Tax Credit, Economist Daniel Santamaría-Ots, senior public policy analyst at Espacios Abiertos, confirmed upon analyzing tax returns filed for the year 2019. The nonprofit released the results of the study entitled “The […]
A new study by ParkSleepFly revealed that Puerto Rico is the most in-demand vacation destination for US tourists in 2021. Searches for Puerto Rico vacations have increased by 61.11%, the fourth highest growth in popularity of the countries included in the study that analyzed Google search data for flights, vacations, and hotels in popular tourist […]
Considering the increasing incidence of cybercrimes, companies must know their risk profiles, prioritize cyber hygiene, and identify the appropriate insurance solutions for their type of company, but above all, start as soon as possible. Those were some of the recommendations offered by Brian J. Schnese who, prior to becoming a risk consultant for Hub International, […]
Low-fare carrier Frontier announced new nonstop flights from Boston and Hartford, CT to Puerto Rico, connecting not only the Luis Muñoz Marín International Airport (LMM), but the Rafael Hernández Airport in Aguadilla as well. The start of the airlines’ operations in Aguadilla, which will run year-round, will have an impact of about $3.9 million, […]
Puerto Rico’s growing start up and entrepreneurial ecosystem is now supported by a comprehensive resource guide called BASED. Founded by young Puerto Rican entrepreneur Gustavo Diaz-Skoff, BASED is a subscription-based digital platform and quarterly magazine that provides aspiring entrepreneurs, changemakers and business leaders the tools, resources, and inspiration to build a better Puerto Rico. “I […]
Automation has turned the corner far enough to reach the pile of resumes of job seekers sitting atop the desk of a typical human resources executive. The crucial document is being screened at present time by artificial intelligence (AI) before it even reaches the hands of the top recruitment decision-makers. In reality, it’s two technologies […]
The Puerto Rico government announced the start of work to rebuild and develop the new Bahía Urbana through an agreement with the Convention District Authority, and a private investment of $118 million that will create more than 180 jobs during its construction and 250 once it is in operation. For this project, Las Brisas Property […]
The Center for a New Economy (CNE) will hold its annual conference, the Growth Policy Summit 2021, when it will address Puerto Rico’s economic growth from different perspectives with the input of leaders in education, philanthropy, fiscal affairs, and economics. The Growth Policy Summit will be held Dec. 3 at the Sheraton Hotel in the […]
Direct Relief, with the support of pharmaceutical company AbbVie, awarded a $1.9 million grant to nonprofit organization Por los Nuestros — dedicated to providing renewable energy solutions, advocacy for communities and public health — to install renewable energy systems in 25 rural aqueducts in communities without drinking water service. The Anones Maya rural community aqueduct […]
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA