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Erica Cole of NoLimbits, an accessible-apparel brand from P18 Gen. 12, raised $3 million in Series A funding and signed agreements with Hanger Clinic, Walmart and QVC.
Featured, General Biz News
Parallel18 welcomes 13th startup cohort, tops 500 accelerator grads
NIMB Staff June 3, 2025

P18 alumni have created more than 800 jobs, and their cumulative revenue has reached $502.3 million. #NewsismyBusiness

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SBA Atlantic Regional Administrator Matt Coleman, who oversees programs in New York, New Jersey, Puerto Rico and the U.S. Virgin Islands.
Featured, Small Business
SBA sees lending, manufacturing growth in Puerto Rico
Michelle Kantrow-Vázquez June 2, 2025

SBA Regional Director Matt Coleman highlights loan surge, local staffing and new tools to boost the island’s resilience. #NewsismyBusiness

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Julybeth Alicea-Rodríguez, CEO of HR Disruptor, launched the “Artificial Intelligence in Action” program in Puerto Rico.
Featured, Labor/HR
AI in Action program launches to empower Puerto Rico’s workforce
NIMB Staff June 2, 2025

HR Disruptor’s initiative combines business and academia to teach ethical, hands-on use of artificial intelligence. #NewsismyBusiness

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From left: Marlyn Martínez, workforce development director at the Puerto Rico Chapter of the Associated General Contractors (AGC-PR); Umberto Donato, past AGC-PR president and president of its Workforce Development Foundation; and José Torrens, AGC-PR president.
Featured, General Biz News
AGC-PR launches 1st registered construction apprenticeship program
NIMB Staff June 2, 2025

New workforce initiative enrolls 44 trainees across high-demand skilled trades. #NewsismyBusiness

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Lyft will compete in Puerto Rico with Uber, which began operating on the island in July 2016, and other transportation services.
Featured, Tourism/Transportation
Lyft enters Puerto Rico, opening new income opportunities for drivers
NIMB Staff May 30, 2025

Rideshare company offers upfront earnings, flexible hours and safety tools for drivers islandwide. #NewsismyBusiness

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The House Committee on Natural Resources, chaired by Rep. Elinette González-Aguayo, held a hearing this week on proposed changes to Puerto Rico’s maritime-terrestrial zone.
Environment, Featured
Experts warn lawmakers against proposed coastal zone definition
NIMB Staff May 30, 2025

Environmental and construction groups caution that the current proposal ignores climate realities. #NewsismyBusiness

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JetBlue and United announced a partnership to integrate loyalty programs and booking platforms.
Featured, Tourism/Transportation
JetBlue, United partner to link loyalty programs, booking platforms
NIMB Staff May 30, 2025

Collaboration enables reciprocal frequent flyer rewards and cross-platform booking. #NewsismyBusiness

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From left: Wilmarie de Jesús, policy analyst at Espacios Abiertos, and Daniel Santamaría-Ots, co-director of the nonprofit.
Featured, Government
Puerto Rico EITC cuts could hit retirees, young adults, report warns
Eduardo San Miguel Tió May 29, 2025

Espacios Abiertos warns $400 million reduction may undermine labor force incentives. #NewsismyBusiness

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Puerto Rico-born investor Orlando Bravo leads the Bravo Family Foundation to support local entrepreneurship.
Featured, General Biz News
Bravo advances private equity, entrepreneurial growth in Puerto Rico
Michelle Kantrow-Vázquez May 29, 2025

Bravo Family Foundation programs link investment strategies with island-wide impact. #NewsismyBusiness

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Claro President Enrique Ortiz de Montellano outlines the company’s preparations for the 2025 hurricane season.
Featured, Telecommunications/Technology
Claro strengthens network resilience ahead of 2025 hurricane season
NIMB Staff May 29, 2025

Carrier commits $160 million to reinforce infrastructure and customer connectivity. #NewsismyBusiness

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Cybersecurity expert Alberto Rodríguez, CEO of Millennial Networks, warns that cybercrime has surpassed natural disasters and drug trade as ransomware attacks escalate, threatening health care systems and Puerto Rico’s digital infrastructure.
Featured, Telecommunications/Technology
The world’s 3rd largest economy: Cybercrime reaches $10.5T
Dennis Costa May 28, 2025

Puerto Rico systems face heightened risk due to U.S. ties, expert warns. #NewsismyBusiness

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Puerto Rico's three main banks ranked among the region's Top 10.
Banking, Featured
Puerto Rico banks maintain strong positions in Caribbean rankings
NIMB Staff May 28, 2025

Banco Popular, FirstBank and OFG Bancorp among top 10 in The Banker’s 2025 list. #NewsismyBusiness

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Puerto Rico’s nautical tourism segment will be under greater oversight following a Comptroller’s Office audit.
Featured, Tourism/Transportation
Tourism Co. strengthens oversight following nautical tourism audit
NIMB Staff May 28, 2025

Agency implements reforms after comptroller finds 68% of operators lacked valid certifications. #NewsismyBusiness

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Puerto Rico’s Department of Economic Development and Commerce led a trade mission to the Dominican Republic, where Puerto Rican business leaders met with Dominican officials and companies to explore export and investment opportunities.
Featured, Government
Puerto Rico completes successful trade mission to Dominican Republic
Maria Miranda May 27, 2025

DDEC reports $3 million in projected sales from 22 participating companies. Puerto Rico’s Department of Economic Development and Commerce (DDEC, in Spanish) recently led a trade mission to the Dominican Republic aimed at expanding economic and commercial ties between the neighboring islands. DDEC Secretary Sebastián Negrón-Reichard, accompanied by more than 20 small and medium-sized enterprise […]

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Puerto Rico Insurance Commissioner Alexander Adams-Vega
Featured, Insurance
Insurance commissioner urges policyholders to prepare before hurricane season
NIMB Staff May 27, 2025

Commissioner Alexander Adams-Vega stresses early review of coverage, flood protection, and deductibles for homeowners and businesses. #NewsismyBusiness

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QUOTE OF THE WEEK:

“These batteries will allow us to respond more efficiently to demand fluctuations, reduce our dependence on fossil fuels and support the integration of new generation technologies. This translates into greater stability and fewer outages for our communities.”

 

— Iván Báez, vice president of public and government affairs, Genera PR

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