The Puerto Rico International Auto Show kicked off the “Christmas Car Preview presented by PRIAS,” featuring a collection of what it called “the most attractive vehicles of 2022, each of which is a gem and the perfect gift for a Merry Christmas on wheels.” The free event will run through Oct. 24 at Plaza Las […]
The Department of Economic Development and Commerce’s (DDEC, in Spanish) Office of Business Incentives announced it has granted tax exemption incentives to 25 young entrepreneurs from 15 municipalities throughout the island to develop new businesses. The agreements provide, for a period of three years, the following benefits: 100% exemption in the payment of tax on […]
In the wake of the backlash to the announcement that Puerto Rico will be one of the countdown locations for this year’s “Dick Clark’s New Year’s Rockin’ Eve with Ryan Seacrest 2022,” the Puerto Rico Tourism Co. defended the move by saying that hosting the event will generate $10 million in visibility worldwide. “After the […]
With all the whistle-blowing on Facebook, Instagram, about how the social media platforms track our moves, it’s wise to peek into the mechanics of it all. True, hidden trackers called spiders, crawlers, and bots in internet lingo, are pieces of code that follow us around cyberspace. They register all our moves online, our consumer interests, […]
A federal grant is “a way the government funds ideas and projects to provide public services and stimulate the economy,” and it is one among many ways the US government reallocates resources to eligible recipients. With the Biden administration, citizens and businesses in Puerto Rico expect that the massive investment in federal dollars allows full […]
The rum industry could play a significant role in the recovery of Puerto Rico’s economy since it has a considerable impact on the treasury. Under the Federal Rum Excise Tax Cover-Over Program, every year excise taxes collected on Puerto Rican rum imported into the United States is transferred to the treasuries of the island. Since […]
The Puerto Rico Science, Technology & Research Trust’s Research Grants program, in collaboration with the Technology Transfer Office, has opened BEACON, a centralized platform that will provide insight into Puerto Rico’s research and science ecosystem. The platform aims to centralize the island’s scientific and research talent, to spur new alliances and increase local and international […]
New Jersey-based ASCO Power Technologies recently participated in the development of a solar panel grid for the Niños Jesús de Nazaret children’s shelter in Mayagüez, which was without power for months after Hurricane María struck in 2017 and has had no reliable source of power since. The facility serves as a home and school for neglected children […]
Nearly half of the island’s restaurants — or 48.7% — confirmed in a survey by the Puerto Rico Restaurants Association that their sales have been higher from January to July 2021, compared to the same period for the previous year, despite still experiencing the negative effects of the COVID-19 pandemic. The survey presented during the […]
The Puerto Rico Agricultural Extension has received a $749,998 award from the US Department of Agriculture to continue to provide outreach efforts to connect with and assist socially disadvantaged and veteran farmers and ranchers and to provide them with information available on USDA resources. The proposed project will build on a previously funded grant under […]
Ford Puerto Rico announced the winners of the 20th anniversary edition of its Ford Environmental Grants program, which granted $40,000 to four winning projects. This year, the program focused on projects that explicitly contribute to the Sustainable Development Goals identified by the United Nations to improve the lives of everyone in the world, the company […]
“Dick Clark’s New Year’s Rockin’ Eve with Ryan Seacrest 2022” will air its first-ever Spanish language countdown, live from Puerto Rico as the inaugural host destination during the show’s celebration of its 50th anniversary. The island’s government will spend $3.6 million in American Rescue Plan Act funds for the event, officials confirmed. The event will […]
The Public Housing Administration announced the start of an $11.8 million community internet project that will offer free high-speed wi-fi access in all public housing complexes in Puerto Rico. The project will be carried out in phases and is projected to conclude next year when the more than 300 residential complexes on the island have […]
Foundation for Puerto Rico announced it won a Gold Rank for its Bottom Up Destination Recovery Initiative, a project in the category of Resiliency, Recovery and Mitigation of the International Economic Development Council (IEDC). The award was presented at an awards ceremony during the IEDC Annual Conference, which is currently underway. “We’re honored to receive […]
Grupo Guayacán recently concluded its “25 Days of Giving” campaign, which raised $73,815 for its endowment fund in support of its business development programs. The result exceeded the established goal, thanks to the support of 491 donors who joined its initiative, officials said. This campaign was a special version of its traditional yearly Guayacán Giving […]
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