Discover Puerto Rico announces island will host Connect Marketplace ’22
September 6, 2021
Discover Puerto Rico, the island’s Destination Marketing Organization (DMO), announced that Puerto Rico will be the host of Connect Marketplace 2022, an event that will bring some 2,000 tourism and hospitality professionals. This event will take place May 22-23, 2022, at the Puerto Rico Convention Center, using several hotel properties and the Distrito T-Mobile, with […]
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Puerto Rico Economic Dev’t Bank confirms 169K local workers are self-employed
September 6, 2021
The Puerto Rico Economic Development Bank confirmed over the weekend that close to one-sixth of the island’s workers, or about 15.8%, are self-employed. The data was provided at a press conference during the United Retailers Association’s (CUD in Spanish) convention, when EDB President Luis Alemañy said that as Pandemic Unemployment Assistance (PUA) benefits come to […]
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Walmart Puerto Rico announces ‘21 Open Call program, to scout for local products
September 6, 2021
Walmart Puerto Rico announced the start of the fourth edition of its Open Call program, whose objective is to continue increasing the purchase of products manufactured, processed, or harvested on the island. Initially, the retailer had a goal of procuring $20 million in products by 2020, which it said it exceeded — reaching $34 million […]
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US Census shows Puerto Rico’s population is ‘fewer, older’
September 3, 2021
The population trends in Puerto Rico reflected in the latest 2020 Census report will require the government to adopt strategies and policies to address a population situation very different from the one that has characterized the island. Furthermore, there are fewer people living on the island and in this reduced population, the older cohorts have […]
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BetMGM expands sports betting to Puerto Rico at La Concha Resort
September 3, 2021
Casino del Mar at La Concha Resort andsports betting and iGaming company, BetMGM, announced a strategic partnership through which the latter will expand its retail and mobile sports betting offerings to Puerto Rico, marking its first market access agreement outside of the US mainland. “Paulson & Co. is always in search of innovation in services […]
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CienciaPR strikes multi-sectoral alliances to educate about COVID-19, vaccination
September 3, 2021
Recognizing the complexity of the response to the local COVID-19 epidemic in Puerto Rico, nonprofit organization Ciencia Puerto Rico has established more than a dozen multi-sectoral partnerships with other non-profits, community entities and government agencies. The goal is to strengthen the capacity of their responses, particularly around COVID-19 education, prevention, and vaccination promotion, using CienciaPR’s […]
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Marina Puerto Del Rey sold to Texas-based Safe Harbor Marinas
September 2, 2021
Marina Puerto del Rey, the largest marina in the Caribbean, has been sold to Texas-based Safe Harbor Marinas in a transaction that closed on Sept. 1, the buyer announced. The financial terms of the deal were undisclosed. “We are very excited to welcome Puerto Del Rey to Safe Harbor,” said Jason Hogg, chief investment officer […]
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Ponce gets $6.7M from FEMA to repair cultural facilities
September 2, 2021
The Enrique “Coco” Vicéns Recreational and Cultural Center, known as “La Guancha” in Ponce, received a $6.7 million allocation from the Federal Emergency Management Agency (FEMA), for permanent repairs, the agency announced. In addition to being a meeting place, the iconic complex in the island’s second-largest town is key for its economy. During regular operations, […]
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Op-Ed: Is the CDC openly discriminating against Puerto Rico, USA?
September 2, 2021
On Aug. 31, we were all surprised to see that the Centers for Disease Control, known as CDC, issued a warning against traveling to several worldwide destinations and two US territories Guam and Puerto due to an increase in coronavirus cases. The CDC raised Puerto Rico to what they refer to as “Level 4,” to […]
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Op-Ed: The beginning of the end of the Oversight Board begins with PRASA
September 2, 2021
In the government of Puerto Rico, we believe in coordination, rather than confrontation, with the Financial Oversight and Management Board (FOMB) to bring their mission to conclusion as soon as possible. In the case of the Puerto Rico Aqueduct and Sewer Authority (PRASA), the Administration of Gov. Pedro Pierluisi is convinced that PRASA’s successes should […]
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PRASA to deploy $46M in infrastructure upgrades
September 1, 2021
A trio of government agencies — the Puerto Rico Aqueduct and Sewer Authority, the Infrastructure Financing Authority (AFI, in Spanish), and the Health Department — announced the signing of an agreement to carry out $46 million in improvements to the water utility’s infrastructure. During a news conference, officials from all agencies confirmed that the money […]
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Walgreens will increase starting pay to $15/hr for all employees
September 1, 2021
Pharmacy chain Walgreens announced it will increase the starting hourly wage for all employees to $15 an hour, taking effect in phases beginning in October, expecting to fully implement it by Nov. 1, 2022. The pay raise will apply to Puerto Rico employees across Walgreens’ 106 stores, Eileen Ortega, director of operations for Walgreens Puerto […]
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Ports opens $3.7M Bravo runway at Ceiba regional airport
September 1, 2021
The Puerto Rico Ports Authority announced the opening of the Bravo taxiway at the José Aponte de la Torre de Ceiba Regional Airport, following an investment of more than $3.7 million in local and federal funds. The Bravo taxiway is one of the main access points for aircraft from and to the runway during take-off […]
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Oriental Bank supports SMEs
September 1, 2021
Small and medium sized enterprises (SME) are often called the “backbone” of Puerto Rico’s economy. They account for 95% of the business on the island and almost half of all the jobs in the private industry, and they are key for stimulating entrepreneurship and developing a strong economy. That’s why we support SMEs. From special […]
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PRoduce raises $1.8M in capital to boost support of small farmers
August 31, 2021
PRoduce has received a $1.8 million capital injection led by the Semillero Partners fund to improve the consumer’s shopping and food experience, while increasing support for local entrepreneurs including farmers, fishermen, coffee collectors, and artisanal producers. The company selected Semillero Partners to lead the funding round because it is a local investment fund and because […]
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