Caguas partners with Google my Business to benefit town’s small operations
August 23, 2021
The Municipality of Caguas announced the integration of the town’s small and medium-sized businesses into the Google My Business platform to guarantee greater visibility for them in the digital universe, in addition to boosting the city’s economy. Mayor William Miranda-Torres said the initiative’s goal is to increase sales for municipal businesses by 1%, which would […]
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Ag. Dept. announces more than $9M for Regional Incentive Program
August 23, 2021
The Agriculture Department announced that more than $9 million has been assigned for the Regional Incentive Program, through which farmers will be able to increase and maximize agricultural production on the island. The funding will be available until Oct. 31 through agency’s regional offices as established by Administrative Order 2021-27A. “We have maintained a firm […]
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Pierluisi unveils design plans for new $56M hospital in Vieques
August 20, 2021
Gov. Pedro Pierluisi unveiled the concept and timeline for what will be a new full-service hospital on the island municipality of Vieques. The cost of the project that will break ground by year’s end has an associated investment of $56 million. The facilities will be constructed in phases starting in 2022 and finishing in 2024, […]
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Ports Authority opens RFI for 3 docks at the Puerto Nuevo Port Zone
August 20, 2021
The Puerto Rico Ports Authority has initiated a Request For Interest (RFI) process for the lease, development, operation, administration and improvements of the M, N, and O docks in the Puerto Nuevo Port Zone, agency Executive Director Joel A. Pizá announced. He explained that after a negotiation process, the Ports Authority recovered these piers late last […]
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PASH, Oriental close on $15M financing for solar energy project at Puma gas stations
August 19, 2021
PASH Global (PASH) and Oriental Bank in Puerto Rico have closed on a $15 million financing for a joint venture between PASH and PUMA Energy that will enable 200 PUMA gas stations in Puerto Rico to produce and consume solar energy. This project is the first of its kind and scale on the island, the […]
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More ferries to join Puerto Rico/Vieques/Culebra maritime route by year’s end
August 19, 2021
The maritime connection between Puerto Rico and the island municipalities of Vieques and Culebra will see the arrival of several additional passenger and cargo vessels — expanding the fleet to nine — by year’s end, Matt Miller, president of HMS Puerto Rico, confirmed. In an interview with News is my Business, Miller also said the […]
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7 Eagle Group Caribe gets $6.6M to launch cybersecurity operation
August 19, 2021
Technology services company 7 Eagle Group Caribe ViPR-SOC (7EGC) will be the first “Quantum-Resistant” cybersecurity operation in the United States and Puerto Rico and will be established in the island starting in the first quarter of 2022. As part of its upstart, the firm received $6.6 million in incentives which will be directed toward construction, […]
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Discover Puerto Rico: Pace of tourism recovery in recent months is ‘astounding’
August 19, 2021
The pace at which Puerto Rico’s tourism sector has been recovering since the start of the pandemic has been “astounding,” exceeding the Caribbean and US averages, said Discover Puerto Rico CEO Brad Dean during the organization’s monthly industry update. Citing its internal data, the DMO confirmed that June and July’s lodging demand pushed the year-to-date […]
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Puerto Rico tourism sector to get $120M injection in federal funds
August 18, 2021
Puerto Rico’s tourism sector will get $120 million in American Rescue Plan funds to promote the island as a destination and develop five specific projects, Gov. Pedro Pierluisi said. “Tourism is one of the most important and fastest growing economic sectors in the world, with an annual growth of 2.5% during the last decade,” said […]
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Parallel18 launches Talent App for freelancers, students, and professionals
August 18, 2021
As part of its efforts to promote economic and technological development and employment on the island, parallel18 is launching the Talent App, a tool for students, freelancers and professionals to submit their information and upload their resume to a talent database that will be available to more than 300 companies that belong to the accelerator programs. […]
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Delays, damages, poor service: LUMA Energy’s first 2 months highlight privatization flaws
August 18, 2021
Failures and frustrations identified in the first two months of LUMA Energy’s operation of Puerto Rico’s energy grid highlight underlying flaws with the privatization contract, according to an analysis by the Institute for Energy Economics and Financial Analysis. Since the June 1 takeover, Puerto Rico residents “have experienced significant problems because of LUMA’s implementation of its electric […]
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Ports Authority submits $10M grant application for Pier 15 renovation project in San Juan
August 17, 2021
The Puerto Rico Ports Authority announced it has submitted a grant application to the US Department of Transporation’s Maritime Administration, seeking $10 million to cover 80% of the cost associated with rehabilitating operations at Pier 15 at the Port of San Juan. The federal funding is being requested under the Port Infrastructure Development Program, Ports […]
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Walgreens launches myWalgreens credit card program, available in Puerto Rico
August 17, 2021
Walgreens has introduced the new myWalgreens Credit Card program, featuring two retail health and wellness credit cards, issued by Synchrony Bank. The program and the cards will be available in Puerto Rico, News is my Business confirmed. The myWalgreens Mastercard and the myWalgreens Credit Card are the first-ever of their kind to reward more personalized […]
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CNE: Changes to UPR fiscal budget ‘unilaterally changes part of social contract’
August 17, 2021
The University of Puerto Rico’s Fiscal Plan “unilaterally changes a significant part of our social contract, redistributing the risk and responsibility of providing higher education outside the state and toward the individual and the private sector,” said Sergio Marxuach, policy director at the Center for a New Economy. “The modern social contract in developed societies […]
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Practical Techie: High tech supports back-to-school amid persistent pandemic
August 17, 2021
As thousands of students return to the classroom amid this last pandemic semester of 2021, the new mixed reality of transferring knowledge from teacher to students via online or a physical classroom makes learning and teaching more challenging than ever before. This year’s reality is a hybrid live and virtual flow of lessons, an […]
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