Caribbean hurricane weather is upon us again with the new storm season that begins today. Meteorologists and forecasters in the local news channels keep us duly informed about the wuthering storms, but it’s prudent to know where to look on the Internet for data on other angles of the weather. This may include marine climate […]
The Department of Economic Development and Commerce (DDEC, in Spanish) announced that starting June 3, its Rums of Puerto Rico program, jointly with the brands it represents, will distribute $2.5 million in incentives to members of the alcoholic beverages sales and service industry. The funds will go to bar owners, alcoholic beverage retailers and mixologists/bartenders, […]
Editor’s Note: This post is sponsored by AON Puerto Rico. Studies have shown that healthy, happy and motivated employees deliver higher performance and remain more loyal toward their employers over time. A recent health survey held by Aon showed that 95% of employers recognize the link between wellbeing and productivity. Therefore, investing in the health […]
With the 2021 Atlantic hurricane season starting tomorrow, nonprofit organization Direct Relief is announcing a $3 million investment in new resilient power projects at six Puerto Rico health centers — part of a $5 million commitment to install solar power generation and battery storage at critical sites across the island. The projects include: Prymed Medical […]
Puerto Rico’s most recent Consumer Price Index report showed a 1.4% year-over-year increase in April, the Puerto Rico Economic Development Bank confirmed. “This report is revealed as part of the efforts of the EDB’s Center for Economic Studies to keep small and medium-sized businesses, entrepreneurs and investors informed and also to support decision-making,” said EDB […]
Liberty Puerto Rico announced that its business continuity and disaster recovery plan is ready to face the upcoming 2021 hurricane season, as it has been “updated, tested, and exercised regularly” in collaboration with its parent company, Liberty Latin America. “We’re in a stronger shape to face natural disasters as we have gained experience after recent […]
The U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $12.8 million grant to the Roosevelt Roads Local Redevelopment Authority to build and establish the Marine Business, Research & Innovation Center (MBRIC). The EDA grant, to be matched with $3.2 million in local investment, is expected to create nearly 29,500 jobs and spur […]
The U.S. Small Business Administration (SBA) announced today that it is accepting applications for its new Community Navigator Pilot Program. This new initiative, established by the American Rescue Plan, will leverage a community navigator approach to reach our nation’s smallest businesses, with a priority focus on those owned by socially and economically disadvantaged individuals, as well as […]
Less than a year after Re-Grow Puerto Rico was launched and addressing the concerns of the agricultural sector, the Puerto Rico, Technology and Research Trust together with the Housing Puerto Rico Department have implemented improvements to the program. The initiative, which feeds from with Community Development Block Grant (CDBG-DR) Program funds, seeks to expedite access […]
Cigar manufacturer Congar International Corp. will expand its operations in Puerto Rico and will add 85 new jobs to the more than 300 employees it already has on its payroll. The company that has been established in Cayey for 60 years plans to invest $23 million in a four-year period during the expansion process. “Congar […]
The aroma of “melao” coming from the rum still, the flaming charcoal grill, Puerto Rican rum, tobacco, and coffee, will be the stars of the scene of the new $4 million restaurant, La Central by Mario Pagán, located at the Distrito T-Mobile, which will open its doors on June 2. La Central will generate about […]
Puerto Rican company VPNet Inc., with support from Microsoft’s Airband Initiative, announced an agreement to make high-speed broadband internet available in rural areas of Puerto Rico, whose communities, organizations, and businesses have faced great challenges, particularly during the COVID-19 Pandemic. The initiative entails a $1 million investment, officials confirmed. The agreement will allow approximately 480,000 […]
The Center for a New Economy (CNE) published a policy brief on the resources assigned to Puerto Rico by the federal government for reconstruction and recovery after Hurricane María, up to March 31, 2021 and called for a wider discussion of how these funds will be used. “Obligating and spending the federal funding assigned for […]
Representatives of the island’s pharmaceutical, aerospace, medical devices, and accountants, among other private sectors, expressed their support for the Medical Manufacturing, Economic Development and Sustainability Act, submitted in Congress by Puerto Rico Resident Commissioner, Jenniffer González. The bill was touted as “an ideal route to strengthen Puerto Rico’s position as a national manufacturing center.” The […]
The Florida-Caribbean Cruise Association announced that the FCCA Cruise Conference – the only official cruise conference representing the Caribbean, Mexico and Central and South America – will return to San Juan next year. Taking place from June 1-3, 2022, the event will feature a reworked agenda with a focus on one-on-one meetings and expanded networking […]
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