The Polytechnic University of Puerto Rico announced that it will distribute a little more than $8.5 million in financial aid among its students in the San Juan, Orlando, and Miami campuses. These funds were assigned to the college as part of the 2021 American Rescue Plan. Each student will receive about $ 2,000 for the […]
Microsoft Corp. will be shuttering its only wholly owned manufacturing facility in the world, located in Humacao, in 2024, leaving 78 employees jobless, Department of Economic Development and Commerce Secretary Manuel Cidre confirmed. Microsoft Operations Puerto Rico in Humacao has been doing business there since 1989. At present, it is occupying a building owned by […]
Looking to promote and strengthen the presence and incursion of local companies into the Dominican Republic market, the Department of Economic Development and Commerce (DDEC, in Spanish), through its Trade and Export Program, is recruiting for the first in-person multisectoral trade mission since the start of the pandemic, from Nov. 30-Dec. 3, 2021. “Currently, the […]
The Foundation for Puerto Rico’s Innovation Center will hold the Innovation Council’s first meeting on Sept. 28, to bring together more than 60 leaders from a cross-section of sectors including communities, government, private sector, academia, nonprofits, and professional associations. The goal is to establish a priority agenda to be developed under a participatory process, the […]
The Concilio de Salud Integral de Loíza Inc., which has facilities in the towns of Loíza, Río Grande, Ceiba and Luquillo, announced the groundbreaking of the new Clinica Familiar in Luquillo, through a $4.6 million investment in federal funding. The executive of the entity known as CSILO, César A. Rodríguez, said the new primary care […]
If the past decade has shown anything is that Puerto Ricans look adversity in the eye and say, “bring it on!” An economic downturn that has lasted longer than that, the back-to-back hurricanes in 2017, the earthquakes that rocked the south, and the COVID-19 pandemic have hit hard, but residents of this island have found […]
The Securities and Exchange Commission announced charges against Puerto Rico-based Back to Green Mining LLC and its two managing members, José Jiménez-Cruz and Manuel Portalatín, for their participation in a fraudulent and unregistered offering in a purported “green” mining venture. The SEC’s complaint alleges that, from August 2016 until at least 2020, Back to Green, […]
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 […]
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