LMA Aviation signs 10-yr. lease with Ports for Ceiba facility
September 16, 2021
The Puerto Rico Ports Authority and LMA Aviation signed a 10-year lease for the use of facilities at the José Aponte de la Torre de Ceiba regional airport, it was announced. LMA Aviation is a Fixed Base Operator (FBO) that offers complete fuel services at that eastern-region airport, as well as ground handling services and […]
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Prime Air unveils plans for $1.4M temperature-controlled storage facility
September 16, 2021
With an investment of $1.4 million and applying the “most advanced technology and infrastructure,” Puerto Rican global transportation and logistics services company, Prime Air Corp. began the construction of its second temperature-controlled warehouse in the cargo area of the Luis Muñoz Marín International Airport. The facility seeks to supply the growing demand from pharmaceutical companies […]
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Business leaders list opportunities for ‘manufacturing of the future’
September 15, 2021
As part of the activities to mark “Manufacturing Week 2021” locally and in the US mainland, Puerto Rico Manufacturing Extension Inc. (PRiMEX), held a round table with business leaders, who discussed the opportunities and how the manufacturing of the future will be built. Leaders agreed that Puerto Rico needs to maintain the existing manufacturing industry, […]
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Science Trust, ISACA unveil new certification in emerging technologies
September 15, 2021
The Puerto Rico Science, Technology and Research Trust in agreement with the Information Systems Audit and Control Association (ISACA) announced it will offer for the first time a professional certificate in emerging technologies. The session provides training, practice, and examination in emerging sectors such as cloud, IoT technology, blockchain and artificial intelligence. This certificate is […]
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Mennonite Health System inaugurates $6M projects in Caguas hospital
September 15, 2021
The Mennonite Health System unveiled its new Specialized Rehabilitation Unit at its Caguas hospital, which will soon begin to offer services to manage the recovery of patients whose functionality has been affected by a health condition. The hospital system also announced that a new and remodeled Intensive Care Unit is already in operation. Both projects […]
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SBA’s Guzman announces 2 new Women’s Business Centers in Puerto Rico
September 14, 2021
U.S. Small Business Administration Administrator Isabella Guzman announced the launch of two Women’s Business Centers (WBC) in Puerto Rico, at the Ana G. Méndez University in Gurabo and Friends of Puerto Rico. Guzman — who kicked off National Small Business Week, which runs Sept. 13-15, during her first visit to Puerto Rico — confirmed the […]
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Tourism execs: Puerto Rico needs to pump millions into infrastructure to compete
September 14, 2021
Puerto Rico has all of the attributes needed to compete with the most popular tourist destinations in the world, but it needs to make significant investments to attractions islandwide and its capital city of San Juan, tourism executives agreed during a panel discussion at the San Juan Economic Forum. “Tourism is based on experiences and […]
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Retaining, luring back talent ‘key’ to making Puerto Rico ideal tech destination
September 14, 2021
Puerto Rico has a “significant need” to retain its existing human talent and to find ways to lure back those who have left, to guarantee its place among the world’s ideal innovation and technological destinations, several private-sector representatives who are either entrepreneurs or help those who are up-and-coming, agreed. During a panel discussion on the […]
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$70M Puerto Rico Film District project dead 3 yrs. after unveiling
September 13, 2021
Three years after the much-touted $70 million Puerto Rico Film District project in Miramar was announced in 2018, the pre-development agreement between the government and British businessman Keith St. Clair has been terminated, meaning the end of the venture, News is my Business has learned. Puerto Rico Convention District Authority Executive Director Mariela Vallines confirmed […]
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Parallel 18 alum HOKALI to open operations in Puerto Rico by December
September 13, 2021
HOKALI — an application that helps schedule classes with sports teachers — one of startup accelerator parallel18’s successful projects, will expand services to the island by mid-December with its surfing lessons to beach areas like Rincón and downtown San Juan. The app currently is dedicated to surfing, but the expectation is to add kite surfing, […]
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Going from an idea to a project, and what happens along the way: UnderstHand
September 13, 2021
EDITOR’S NOTE: This post is a collaboration from Grupo Guayacán, as part of its 25 Days of Giving campaign. “We assumed many things about what the deaf community needs,” said Alondra Toledo. “We had done interviews and market studies. We were looking for solutions to a problem.” In essence, what Alondra and Joel Josué Colón […]
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USDA investing $537K in 11 renewable energy projects in Puerto Rico
September 10, 2021
The US Department of Agriculture will invest $537,363 in 11 renewable energy infrastructure projects in Puerto Rico, through one loan and 10 grants, to help rural communities, agricultural producers and businesses lower energy costs. The allocation to Puerto Rico is part of a global $464 million funding round that the agency announced for operations in […]
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Grupo Guayacán starts celebrating anniversary with ‘25 Days of Giving’
September 10, 2021
To celebrate its 25 years of service to the community of entrepreneurs in Puerto Rico, Grupo Guayacán is launching an extensive anniversary program focused on the success stories of its participants and the organization’s contributions to Puerto Rico’s economic development. Throughout its history, Guayacán has assisted more than 2,000 people and more than 720 companies […]
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Puerto Rico to host 13 conventions thru ’22, with $51M impact
September 9, 2021
The Puerto Rico Convention Center is set to host 13 meetings from November 2021 through October 2022 that are expected to draw about 23,000 attendees who will generate more than 58,000 room nights, representing a $51 million injection for the local economy. Jorge Pérez, regional manager for ASM Global, which manages the venue, said 2022 […]
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Estudios Técnicos: ‘Drastic increase in freight rates should force rethinking’
September 9, 2021
The dramatic increase in international maritime freight rates, which was triggered by the COVID-19 pandemic, should force a rethinking of cabotage laws and the issue of food self-sufficiency in Puerto Rico. That is the assessment presented by Economist José Joaquín Villamil, CEO of Estudios Técnicos Inc., in the firm’s publication, “ETI Trends.” “Since the onset […]
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