The Puerto Rico Ports Authority received an additional $45.3 million grant from the Federal Aviation Administration (FAA) to help complete the estimated $130 million, five-year construction of the new runway at the Rafael Hernández International Airport in Aguadilla. “This new grant joins the one announced in September 2020 for $24.2 million from the FAA, as […]
Puerto Rican cooking seasonings brand Cooking with my Doctor, in business since 2018, is building on the success of its product line in the local market to export to the first three US mainland states, where it will begin its growth beyond the island’s shores. In an interview with News is my Business, Renzo Casillo, […]
The Department of Economic Development and Commerce (DDEC, in Spanish) and the University of Puerto Rico’s Mayagüez campus, signed a collaborative agreement to launch the second call for the Puerto Rico Innova program — a project that seeks local entrepreneurs — of which finalists may request a $100,000 incentive. The finalists may also request a […]
“The Plane,” the latest Hollywood feature film to be produced entirely on the island, will generate some $136 million for the local economy, including hotel stays, withholding tax payments and other investments, government and the movie’s staff confirmed. Filming began about four months ago and has moved to different locations in and outside the San […]
EnerDynamic Hybrid Technologies Corp., a Canadian company that does business in Puerto Rico, announced it has received an order for 141 storm- and earthquake-resistant homes in Arroyo, Carolina, and Vega Baja, representing $21 million in revenue. The so-called “net-zero” homes average about $150,000 and are developed with “virtually indestructible building materials powered by its ultra-light […]
The University of Puerto Rico Law School Trust announces the Symposium on Bankruptcy, an event aimed at both the practicing lawyer in the bankruptcy area, lawyers interested in the area and students. The virtual event will take place Sept. 29-30, starting at 9 a.m. through the Zoom platform. The event will feature the participation of […]
ORLANDO, FL — Strengthening of commercial relations between Puerto Rico and this central Florida city by creating bilateral opportunities for business development and contributing to Puerto Rico’s reconstruction — especially in the southern region — was part of the recent visit of Gaby Ortigoni, executive director of the Hispanic Chamber of Commerce of Metro Orlando […]
The Puerto Rico Blockchain Trade Association (PRBTA), in collaboration with Metaverso, CoinAgenda Caribbean, Limitless, and Invest PR announced the first edition of “Puerto Rico Blockchain Week” to take place Dec. 6-12 in San Juan. During the week, attendees will have the opportunity to connect via various events such as workshops, meetings and meet ups with […]
EDITOR’S NOTE: This post is a collaboration from Grupo Guayacán, as part of its 25 Days of Giving campaign. It’s hard to resist a hot, frothy, fragrant cup of coffee served at the perfect time. Coffee lovers will understand. Therefore, we may think that the business of serving coffee has assured success. But this is […]
The US Economic Development Administration is awarding a $16 million grant to Ecoexploratorio, Inc., San Juan, Puerto Rico, to construct a disaster preparedness, recovery education, and training center and ensure continuity of operations during natural disasters. The EDA grant will be matched with $4 million in local investment, said US Secretary of Commerce Gina M. […]
The Puerto Rico Tourism Company announced the certification of eight new Puerto Rican companies in its Agrotourism Program, for which they also received an incentive of $3,000 and participated in two workshops on Agrotourism in the Digital Era. The eight certified companies are: Hacienda Chocolat in Fajardo; Hacienda Verde Tahiti in Cabo Rojo; La Finca […]
Employers of specific private sector industries can now access the link in their SURI accounts to request the payment of additional compensation, or Premium Pay, for employees who meet the eligibility requirements, Treasury Department Interim Secretary Ángel Pantoja-Rodríguez said. The $2,000 Premium Pay payment comes from a $200 million fund allocated by Gov. Pedro R. […]
Puerto Rico’s short term economic performance is “overshadowed by a large cloud of uncertainty,” as the island’s government concurrently addresses the impacts of three systemic shocks: the COVID-19 pandemic; Hurricane María; and the central government’s bankruptcy, said Sergio Marxuach, Center for a New Economy’s Policy Director and Editor of the think tank’s publication: The CNE […]
The Puerto Rico Ports Authority and LMA Aviation signed a 10-year lease for the use of facilities at the José Aponte de la Torre de Ceiba regional airport, it was announced. LMA Aviation is a Fixed Base Operator (FBO) that offers complete fuel services at that eastern-region airport, as well as ground handling services and […]
With an investment of $1.4 million and applying the “most advanced technology and infrastructure,” Puerto Rican global transportation and logistics services company, Prime Air Corp. began the construction of its second temperature-controlled warehouse in the cargo area of the Luis Muñoz Marín International Airport. The facility seeks to supply the growing demand from pharmaceutical companies […]
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