Dept. of Corrections phone services provider to pay $67M in landmark settlement
February 8, 2022
GTL has denied wrongdoing of any kind as well as any liability.
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NY to accept Puerto Rico’s COVID-19 VACU ID pass on its digital platform
February 8, 2022
NYC Excelsior Pass Scanner app and Puerto Rico's VACU ID Pass and Excelsior Pass Plus are now compatible.
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Grupo Guayacán opens annual call for I-Corps PR program
February 8, 2022
The 14th cohort of the program starts in April with virtual workshops for 30 teams.
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Néctar Naturelle launches new curly hair product line for children
February 7, 2022
The entrepreneur behind the product took out a $4,500 loan through nonprofit organization Kiva to launch the online store.
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Puerto Rico retail sales up 18.3% Y-O-Y to slightly more than $3B
February 7, 2022
That is the 18th consecutive monthly rise in retail sales, the Department of Economic Development and Commerce said.
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InvestPR, Forbes hosting virtual seminar for co.’s looking to innovate, grow
February 7, 2022
Registration for the event is now open and will be held Feb. 8 at 2 p.m.
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92%+ of Puerto Rico’s Airbnb hosts are based on the island, company says
February 4, 2022
More than 26% of hosts said they offer spaces in the home where they themselves live.
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Starbucks Puerto Rico will not be raising prices like US counterpart
February 4, 2022
News is my Business confirmed that the hike will not apply to the local market.
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USDA grants $1.9M to Inter, UPR to boost agricultural, science programs
February 4, 2022
The universities will create special programs to boost agricultural studies.
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Puerto Rico, federal agencies partner for build-out of resilient energy network
February 3, 2022
The US Department of Energy (DOE) joined the Departments of Homeland Security (DHS) and Housing and Urban Development (HUD), and the Commonwealth of Puerto Rico to launch a new effort to accelerate work to strengthen the island’s grid resilience and advance new initiatives to enhance Puerto Rico’s energy future. The parties signed a Memorandum of Understanding (MOU) that promotes collaboration among federal agencies and the Commonwealth, and kickstarts the PR100 Study, government officials announced in Washington, D.C. The PR100 […]
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Bravo Family Foundation sets its eye on new generation of entrepreneurs
February 3, 2022
The Bravo Family Foundation (BFF) announced the launch of the Bravo Challenge for Youth, a project that aims to promote a new breed of entrepreneurs by developing their entrepreneurial abilities and skills while they are still in high school. In its initial phase, the project is focusing its efforts on high school students in the […]
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USDA awards Puerto Rico $13.2M for 17 projects
February 3, 2022
The US Department of Agriculture announced it will award Puerto Rico some $13.2 million for 17 projects to help companies hire more workers and reach new customers, among other benefits. The award is part of a $1.4 billion allocation to help businesses “keep resources and wealth right at home through job training, business expansion and […]
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COR3 revises disbursement process for recovery work in Puerto Rico
February 2, 2022
The Central Office of Recovery, Reconstruction and Resiliency (COR3), which works with the Federal Emergency Management Agency (FEMA) to disburse recovery funding to rebuild after Hurricane María, has revised its disbursement mechanism to expedite the ongoing process, agency Executive Director Manuel Laboy confirmed. “The Request for Reimbursement (RFR), as well as the Advance Request (RFA), […]
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FL-based Guidewell closes purchase of Triple-S insurance provider
February 2, 2022
Nearly six months after announcing its plans, GuideWell Mutual Holding Corp., parent of Blue Cross and Blue Shield of Florida Inc., has closed on its acquisition of Triple-S Management Corp. GuideWell acquired all outstanding shares of Triple-S Management common stock for $36 per share in cash. With the completion of the transaction, Triple-S is now […]
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Practical Techie: Crypto boom in Puerto Rico shaken by ups and downs
February 2, 2022
It’s a decade since the enactment of tax incentive rules for cryptocurrency investors in Puerto Rico and the influx of mainlanders setting up shop in town does not wane. As the boom for investors seeking capital gains relief builds up, resentment from activists gets more vocal. They complain the new crypto economy is not benefiting […]
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