With a number of current and future film production projects being rolled in Puerto Rico, the Department of Economic Development and Commerce (DDEC, in Spanish) announced it has renewed its membership with the Association of Film Commissions International (AFCI). DDEC Secretary Manuel Cidre said belonging to the Association allows the agency’s Puerto Rico Cinematographic Industry […]
Tasty Smart and Silabuz, P18 alumni, and Pryze, a pre18 alumnus, both acceleration and pre-acceleration programs from parallel18, were accepted into the Google for Startups: Sales Academy Latam program. This is the first time the program will be executed for Google’s partner network in Latam and only 17 companies were selected, parallel18 officials confirmed. The […]
The Puerto Rico Science, Technology and Research Trust recently granted a sponsorship to Holberton School to support its Holberton Software Development School and Computer Science coding program. “The future is for coders. From opportunities in large companies running their operations digitally, to startups developing applications, as well as opportunities to work as independent contractors and […]
The Federal Communications Commission (FCC) has given the go-ahead to Federated Wireless Inc. and Key Bridge Wireless LLC — two companies that will work to deploy more wireless spectrum in Puerto Rico, based, for the first time, on the 3.5 GHz band. In a release, the regulatory agency said the approval will make the “critical” […]
Mojito Beach Bar, a business located in Playa Santa in the southwestern town of Guánica, will be opening a second location at the Carolina public beach — known as the Balneario de Carolina — looking to expand beyond the earthquake-affected region, News is my Business confirmed. This is one of several new tenants that will […]
Trailer Bridge Inc., headquartered in Jacksonville, FL., announced it has signed a 20-year lease agreement with Puerto Rico Ports Authority for the Army Terminal. This is the company’s first long-term agreement with the port since its inception, “signaling Trailer Bridge’s continued commitment to providing weekly sailings to support shipper’s needs to and from the island,” […]
Liberty Puerto Rico reported a combined revenue of $361.3 million during the first quarter of the year, a growth that benefited from the inclusion of AT&T’s wireless and wireline operations. When compared with the same year-ago quarter, when $104.6 million in revenue was reported, the current figure represents a 245% jump, according to the company’s […]
The COVID-19 pandemic has represented significant losses for businesses in Puerto Rico, and upcoming Mother’s Day sales may not be the exception, local retailers confirmed. However, executives interviewed by News is my Business confirmed that sales will be in hybrid format — with at least 40% of the activity taking place online. “This year, we’ve […]
Medical cannabis operator Earth gift announced the opening of three new dispensaries, at an investment of $800,000, in Luquillo, Humacao and Caguas. The new locations will add 30 full-time jobs and some 15 indirect jobs, company officials confirmed. The three new shops opened two years after the second location was inaugurated and in the midst […]
Looking to double the footprint of its current building through a $10 million investment, Supermercados Selectos announced expansion plans for its distribution center in Dorado, a step they said will strengthen its inventory and supply capacity. “This expansion is an important step for the families of Supermercados Selectos and will catapult the chain as one […]
Employment in Puerto Rico’s only large county, the municipality of San Juan, decreased 7.3% from September 2019 to September 2020, the US Bureau of Labor Statistics confirmed. Large counties are defined as those with 2019 annual average employment of 75,000 or more. Chief Regional Economist Martin Kohli noted that in September 2020, San Juan’s employment […]
The Puerto Rico Information Technology Cluster (PRITC) announced that it will hold the 7th edition of its CIO & IT Leadership Conference — this time virtually — on May 14. This conference is known for “being the most important and popular main platform of the island’s computer industry,” organizers said. One of the main issues […]
Online marketplace platform eBay has reported a significant increase in Puerto Rican sellers by a double-digit percent. The products vary significantly, many of them were previously absent from the website before the pandemic. The company did not reveal the exact growth figure, in numbers. “2020 changed our entire way of living, consuming, and doing business, […]
The Puerto Rico Housing Department is looking to fill more than 200 jobs available under recovery programs created with Community Development Block Grant (CDBG-DR) Program funds. “As part of our commitment to expedite the island’s recovery process, we’re seeking to accelerate the recruitment of professionals in specialized areas,” Housing Secretary William Rodríguez said, adding that […]
Puerto Rico’s restaurant industry saw a 68.2% drop in sales between April and January 2020, when activity plummeted to $50 million from $157 million, “Proyecciones 2021,” a study commissioned by the Puerto Rico Restaurants Association (ASORE, in Spanish) showed. During those months, the island’s government established a series of restrictions, including an almost full lockdown, […]
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