Fusion Farms vertical indoor aquaponic farm ‘paving way to food security in Puerto Rico’
August 24, 2021
On the western side of Puerto Rico, an innovative agribusiness company with ample growth projections aims to bring about the island’s food sovereignty and security by becoming a reliable source of fresh, nutritious food and eliminating the reliance on sub-par food imports. Fusion Farms, Puerto Rico’s first and only hurricane-protected vertical indoor aquaponic farm developer […]
chat_bubble0 Comment
visibility3313 Views
Grupo Guayacán opens new application round for I-Corps Puerto Rico
August 24, 2021
Grupo Guayacán is looking for new teams of entrepreneurs for the 13th edition of its idea validation program, known as I-Corps Puerto Rico (I-Corps PR). This program seeks to identify 25 teams interested in conceptualizing and validating the market potential of their business ideas. The teams may be formed by students, professors, researchers, and entrepreneurs […]
chat_bubble0 Comment
visibility1994 Views
Independent rental property owners, operators launch Viva Puerto Rico alliance
August 24, 2021
Puerto Rico’s short-term rental property owners and operators have come together under the Viva Puerto Rico alliance to unite and represent the segment, organizers said. VPR seeks to “give a voice to its diverse membership by providing formal representation, education, and resources for these types of accommodations — seeking to provide quality hospitality to guests, […]
chat_bubble0 Comment
visibility2518 Views
FirstBank sues Pizza City owners to collect $1.9M in unpaid loan, foreclose
August 23, 2021
FirstBank Puerto Rico recently filed a lawsuit seeking to collect $1.9 million from the owners of Pizza City, a long-standing, popular eatery with tourists on the Isla Verde strip in Carolina, claiming non-payment of an existing loan. It is also pursuing foreclosure and the sale of the iconic restaurant through public auction. In the lawsuit […]
chat_bubble0 Comment
visibility3553 Views
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 […]
chat_bubble0 Comment
visibility1760 Views
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 […]
chat_bubble0 Comment
visibility1861 Views
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, […]
chat_bubble0 Comment
visibility6058 Views
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 […]
chat_bubble0 Comment
visibility2128 Views
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 […]
chat_bubble0 Comment
visibility2603 Views
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 […]
chat_bubble0 Comment
visibility3084 Views
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, […]
chat_bubble0 Comment
visibility2346 Views
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 […]
chat_bubble0 Comment
visibility1743 Views
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 […]
chat_bubble0 Comment
visibility2515 Views
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. […]
chat_bubble0 Comment
visibility2202 Views
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 […]
chat_bubble0 Comment
visibility2633 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA