Growth Digital: Car buying trends changed with COVID-19 pandemic
July 19, 2021
Puerto Rico consumers changed their buying habits, particularly related to cars, during the COVID-19 pandemic, as they moved more toward using online tools to get better deals and prices, according to Growth Digital, Google’s marketing arm. Due to the COVID-19 pandemic, consumer expectations changed and now they “want much more digital experiences that are easier, […]
chat_bubble0 Comment
visibility2525 Views
Puerto Rico car sales up 9.3% Y-O-Y in June, limited by chip shortage
July 19, 2021
The United Automobile Importers Group (GUIA, in Spanish) confirmed that Puerto Rico’s new car sales grew by 9.3% in June, when compared to the same month in 2020, with 11,636 units sold in comparison to the 10,648 new vehicles that rolled off lots in June 2020. “Given that June of last year was the first […]
chat_bubble0 Comment
visibility2394 Views
Puerto Rico businesses affected by ’20 storms, flooding still may apply for SBA loans
July 19, 2021
The US Small Business Administration is reminding small businesses and most private nonprofit organizations in Puerto Rico that Economic Injury Disaster Loans (EIDLs) are still available to anyone in the declared municipalities in Puerto Rico affected by severe storm and flooding on Sept. 13, 2020. The application deadline is Aug. 5 in the following adjacent […]
chat_bubble0 Comment
visibility1699 Views
Retail Value Inc. sells off remaining 9 shopping centers in Puerto Rico for $550M
July 16, 2021
Retail Value Inc., the owner of nine shopping centers in Puerto Rico, has agreed to sell its remaining properties in Puerto Rico to Kildare Acquisitions for $550 million in cash. This is the third time in the last six months that the independent publicly traded company has announced the sale of a local property. In […]
chat_bubble0 Comment
visibility5941 Views
San Juan Superior Court strikes down adult gaming machine regulations
July 16, 2021
The San Juan Superior Court has struck down several regulations related to the operation of adult gaming machines outside government-approved hotel casinos, as a resolution to a lawsuit filed by Electronic Games Inc. against the government of Puerto Rico last year. In her decision dated July 14, 2021, Superior Court Judge Glorianne M. Lotti-Rodríguez declared […]
chat_bubble0 Comment
visibility2144 Views
Florida Bakery marks 1st year in Central FL with plans to open new location in ’22.
July 16, 2021
Orlando, FL — Puerto Rican couple Rafael Román and Kiara Delgado, owners of Florida Bakery & Restaurant are determined to bring their delicious ‘pan sobao’ and menu to one of the fastest growing areas in Central Florida, known as Lake Nona. On July 15, 2020, they opened their first store in Kissimmee, in the heart […]
chat_bubble0 Comment
visibility3985 Views
CDC downgrades COVID-19 risk in Puerto Rico to ‘moderate’
July 16, 2021
The U.S. Centers for Disease Control and Prevention (CDC) has downgraded the risk of contracting COVID-19 in Puerto Rico to Level 2, or “moderate.” This means that individuals who are fully vaccinated may travel to the island without restrictions, Discover Puerto Rico confirmed. “The news bodes well for Puerto Rico’s tourism industry, which is already […]
chat_bubble0 Comment
visibility1364 Views
Amazon launches Natural Disaster Resilience Project for Central America, Caribbean
July 16, 2021
Amazon Web Services Inc., a business of Amazon.com Inc., announced Project Resilience for Central America and the Caribbean. As part of the AWS Disaster Response Program, Project Resilience supports organizations that may be affected by natural disasters and whose business continuity is critical to community resilience. In preparation for the hurricane season, AWS will offer […]
chat_bubble0 Comment
visibility2197 Views
GP Strategies sues 4 Puerto Rico towns to collect nearly $3.7M in unpaid fees
July 15, 2021
GP Strategies, a firm dedicated to providing solutions to improve organizational effectiveness, is suing four Puerto Rico municipal governments for non-payment of some $3.7 million, News is my Business learned. In separate lawsuits filed at the Superior Courts in San Juan, Caguas, Carolina and Mayagüez, GP Strategies basically exposes the same cause for going after […]
chat_bubble0 Comment
visibility2268 Views
Puerto Rico’s Economic Activity Index shows Y-o-Y increase of 7.9% in May
July 15, 2021
Puerto Rico’s Economic Activity Index (EDB-EAI) for May 2021 reached a maximum level of 119.4 points representing a year-over-year increase of 7.9%. When compared to the previous month, the index rose by 0.2%, Luis Alemañy, president of the Puerto Rico Economic Development Bank, which produces the report, confirmed. The EDB-EAI contracted 5% in 2020, reaching […]
chat_bubble0 Comment
visibility2260 Views
Marvel International Inc. backs local basketball league with 1st-time sponsorship
July 15, 2021
Marvel International Inc., a subsidiary of B. Fernández Holdings Inc., announced the production of a special collectible box of its familiar hamburgers El Gordito as part of its sponsorship agreement with Puerto Rico’s basketball league. The company employs 50 people at its production plant in Guaynabo who produce over 150,000 pounds of meat, soups, stir […]
chat_bubble0 Comment
visibility2213 Views
Tru by Hilton opening 2 hotels in Puerto Rico by ’23
July 14, 2021
Tru by Hilton, the hotel chain’s midscale brand will make its Puerto Rico debut in 2023, when it will fly its flag on two hotel properties set to be built in San Juan and Arecibo, the company confirmed. Both properties will be independently owned and operated, but the names of the developers were not disclosed, […]
chat_bubble0 Comment
visibility5237 Views
Co-owners of Fairmont El San Juan Hotel buy Palmas del Mar resort
July 14, 2021
A partnership co-owned and managed by LionGrove has acquired the Wyndham Candelero Beach Resort from Palmas Hill Partners, LLC. The property is being rebranded as the Wyndham Palmas Beach and Golf Resort. An affiliate of LionGrove will manage the resort. The financial terms of the deal were undisclosed. LionGrove is the co-owner of the Fairmont […]
chat_bubble0 Comment
visibility4335 Views
11 firms interested in developing ‘spaceport’ at Ceiba airport
July 14, 2021
The Puerto Rico Ports Authority announced it has stirred interest from 11 aerospace firms interested in becoming a master developer of services to establish a “spaceport” at the José Aponte de la Torre regional airport in Ceiba. Ports Authority Executive Director Joel A. Pizá-Batiz said the Request for Information (RFI) began in March, and 27 […]
chat_bubble0 Comment
visibility6238 Views
Puerto Rico public schools to serve locally harvested products
July 13, 2021
The Puerto Rico Agriculture Department and the Education Department have reached an agreement through which public school lunchrooms will serve locally harvested products when students return to the classrooms in August, the agencies announced. The contract represents some $30 million in annual purchases that will benefit some 300 farmers, News is my Business confirmed. Funding […]
chat_bubble0 Comment
visibility1583 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA