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The University of Puerto Rico study “Sustainability Disclosures and the Sustainable Development Goals” introduced a closeness coefficient to assess how well banks align with UN sustainability benchmarks.
Banking, Featured
FirstBank leads Puerto Rico’s banking sector in sustainability disclosures
NIMB Staff May 5, 2025

UPR study finds social impact dominates banks’ alignment with UN goals. #NewsismyBusiness

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The Icon will include 32 two- to four-bedroom units, each with a private terrace or balcony.
Featured, General Biz News
RioBlanco Capital unveils new luxury project, The Icon in San Juan
NIMB Staff May 5, 2025

Following Le Parc’s success, firm introduces 32-residence development with rooftop pool and concierge service. #NewsismyBusiness

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Alianza Municipal de Servicios Integrados and Puerto Rico government officials sign the partnership agreement to fund workforce training in Caguas.
Featured, General Biz News
AMSI, Terumo launch $2.28M workforce training program in Caguas
NIMB Staff May 5, 2025

Medical device workers to receive 4,000 hours of hands-on training under Registered Apprenticeship model. #NewsismyBusiness

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The Vaca Negra plant expansion project, which adds 1,100 square feet and more efficient machinery to the facility, was funded through a $300,000 grant from the South West Dairy Business Innovation Initiative at the University of Tennessee, along with support from the Puerto Rico Department of Agriculture’s Family Markets program.
Featured, Small Business
Vaca Negra expands Hatillo plant, boosts cheese and yogurt production
Michelle Kantrow-Vázquez May 2, 2025

Puerto Rican dairy company doubles capacity with support from USDA grant and the local Agriculture Department. #NewsismyBusiness

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Featured, Nonprofit organizations
Enactus Puerto Rico celebrates its 20th anniversary
NIMB Staff May 2, 2025

The nonprofit also evaluated a record 56 entrepreneurship projects from students during its 2025 summit. #NewsismyBusiness

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The FCC also announced a temporary pause in broadband performance testing for PR Fund carriers during the first and second quarters of 2026.
Featured, Telecommunications/Technology
FCC eases reporting rules for Puerto Rico broadband carriers
NIMB Staff May 2, 2025

Temporary relief granted to PR Fund carriers on reporting standards and credit requirements through March 2026. #NewsismyBusiness

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Héctor Morales-Martínez, president of the Puerto Rico Planning Board.
Featured, Government
Planning Board updates economic model with 2017 Input-Output Matrix
NIMB Staff May 1, 2025

The 2017 IOM shows growth in Puerto Rico’s service sector and a decline in manufacturing, with a 2022 update in development. #NewsismyBusiness

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SJT Manufacturing’s headquarters in Bayamón, Puerto Rico.
Featured, Manufacturing
SJT Manufacturing brings renewable energy production from China
NIMB Staff May 1, 2025

Bayamón-based firm strengthens Puerto Rico’s energy and supply chain resilience with reshoring move. #NewsismyBusiness

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A person hands over car keys during a vehicle handoff
Auto, Featured
Puerto Rico lawmakers review car-sharing services following authorization of Turo
NIMB Staff April 30, 2025

Lawmakers seek to evaluate the legal framework for peer-to-peer rental platforms. #NewsismyBusiness

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Investors under Act 60 receive tax incentives including a 4% fixed income tax rate, a 75% property tax exemption and a full exemption on capital gains accrued while residing in Puerto Rico.
Featured, Government
Puerto Rico House approves 4% tax rate for future Act 60 investors
NIMB Staff April 30, 2025

The new rate applies to capital gains, interest and dividends under the Incentives Code beginning next year. #NewsismyBusiness

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Consumers will also be able to manage paid subscriptions — including Netflix, Disney+ and Max — directly through FreeCast.
Featured, Telecommunications/Technology
FreeCast expands to Puerto Rico, offering access to 700+ live channels
NIMB Staff April 30, 2025

The streaming platform will allow island broadcasters to reach audiences across the Caribbean and the U.S. diaspora. #NewsismyBusiness

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The Fair Debt Collection Practices Act (FDCPA) is a federal law enacted in 1977 to protect consumers from abusive, deceptive and unfair debt collection practices.
Featured, General Biz News
Puerto Rico resident seeks class action over alleged debt collection violations
NIMB Staff April 29, 2025

The plaintiff’s attorneys argue that more than 1,000 people could be eligible to join the proposed class. #NewsismyBusiness

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KetoneAid, the plaintiff, claims that the Fun Ketones products, like its Hard Ketones line, are alternative drinks to alcohol that embody the patented technology.
Featured, General Biz News
KetoneAid sues Puerto Rico business over alleged patent breach
NIMB Staff April 29, 2025

Virginia-based ketone company seeks damages, injunction and personal liability against Puerto Rico business and its president over alleged infringement. #NewsismyBusiness

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Many nonprofits rely heavily on volunteer labor to sustain their operations, and the updated valuation provides a tangible measure of their economic impact.
Featured, Nonprofit organizations
Report: Puerto Rico’s volunteer contributions valued at $17.32/hour
NIMB Staff April 28, 2025

This figure represents a notable increase from last year’s $15.82. #NewsismyBusiness

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Featured, General Biz News
Green Innovation sues Canadian firm for $2.5M over contract termination
NIMB Staff April 28, 2025

The firm alleges breach of distribution agreement and seeks damages under Puerto Rico’s Act 75 protections. #NewsismyBusiness

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QUOTE OF THE WEEK:

“Trust is the main ingredient for business. So instead of telling your employees that AI is coming after you’ve made the decision and have a plan for implementation, you should involve them during conception and evaluation. That way, you can address their questions, fears and concerns from the start.”

 

— Paulo Preciado, executive advisor partner for the Caribbean and Central America, Great Place to Work

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