Low-fare carrier Frontier Airlines has officially launched nonstop flights from Jacksonville International Airport (JAX) to the Luis Muñoz Marín International Airport (LMM), after announcing it would bridge the destinations in August, as News is my Business reported. The new connection is expected to generate $13.1 million for the island during a year of operations, local […]
The US Small Business Administration backed 411 7(a) working capital loans for $89.3 million in Fiscal ’21, exceeding by 68% the $53.3 million on record for Fiscal ’20 for Puerto Rico, the agency confirmed. The agency also confirmed it saw an increased amount of 7(a) working capital loans in Fiscal ’21 — by count and […]
Colmena66 — a program of the Puerto Rico Science, Technology & Research Trust — is putting out an open call to register for the third annual Boricua Entrepreneur Fest (BE Fest), an entrepreneurship education event that “builds, connects and celebrates the island’s business ecosystem.” The BE Fest is an annual event designed for small and […]
Seven years since its last visit, the MS The World residential cruise ship will arrive today at Pier 4 in Old San Juan for a three-day transit stop, following a port agreement between the line, the Health Department, the Port Authority as required by the Centers for Disease Control and Prevention, Ports Executive Director Joel […]
The USDA Rural Development has awarded the Municipality of Juncos $23.7 million in grant funding to repair its landfill facilities that were damaged by Hurricane María in 2017, Luis R. García, acting state director for Puerto Rico, announced. The Juncos Municipal Solid Waste Landfill receives approximately 35,105 tons of non-hazardous solid waste every year. Hurricane […]
El Conquistador hotel in Fajardo announced the reopening of Ballyhoo’s restaurant, located at the property’s marina, following a $1 million renovation. The private investment includes a full kitchen remodel, expanding capacity for diners to accommodate 104 people, purchasing new furniture and raising the original ceiling. About 10 direct and 30 indirect jobs are created with […]
The Puerto Rico Treasury Department confirmed the seizure of 136 investment accounts in local and US brokerages held by delinquent taxpayers, amounting to more than $3 million. Agency Secretary Francisco Parés said the figure includes interest, surcharges, penalties, and garnishment costs. “This action coordinated by the agency’s Revenue Bureau stemmed from the failure of taxpayers […]
Private nonprofit health care provider HealthproMed announced a $1.5 million investment to open a primary care clinic on the island municipality of Vieques, which has a population of 9,000 and has been lacking medical facilities. The clinic located in the Isabel II sector will be staffed by a total of 25 health professionals, including clinical […]
Reaffirming its commitment to local entrepreneurs, Sam’s Club Puerto Rico announced that the variety of vegan and gluten-free cookies manufactured on the island, Tasty Smart, is currently available in 28 of its stores in South Florida and with the possibility of expanding to 48 establishments in that area in the coming months. “We continue focused […]
Liberty Puerto Rico confirmed it will be applying automatic credits to thousands of customers on the island who experienced an interruption of their fixed internet service Wednesday night. In a statement, the company explained the reasons for the fixed internet outage between 8 p.m. and midnight Wednesday. “We experienced a situation with the access routes […]
Evertec Inc. announced total revenue for the quarter ended Sept. 30, 2021, of $145.9 million, an increase of 7% compared with $136.5 million in the prior year quarter as it “continues to benefit from increased transactions in Puerto Rico, driven by the continued effect from the inflow of federal funds, and increased revenue from our […]
As part of a $1.1 million grant from Cares Act funds awarded to the Ponce Research Institute at Ponce Health Sciences University (PHSU), eight hospitals across Puerto Rico have been outfitted with new technological equipment for telemedicine, the institution announced. The hospitals and entities to which PHSU delivered these telemedicine machines for residency programs are: […]
The Chamber of Marketing, Industry and Food Distribution’s (MIDA, in Spanish) most recent Consumer X-Ray shows a Puerto Rican consumer who is juggling their budget in the face of price hikes, product shortages and daily expenses. The 29th edition of the study also shows that fluctuations in monthly spending on groceries reflect the greater influence […]
The Federal Communications Commission (FCC) has committed $5.3 million to Puerto Rico through its program to fund connected devices and broadband connections through its Emergency Connectivity Fund Program, the agency confirmed. The island has received the funding in three waves, getting $2.6 million during the first round, $2.1 million in the second, and $625,928 in […]
TransPerfect, a San Juan-based provider of language and technology solutions for global business, announced that its high-ranking officials have signed off on a $30 million property in Puerto Rico that will become the future home of TransPerfect’s Management Learning Center. “The total investment…in the Puerto Rico-based facility signals the beginning of a new era for […]
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