Chef Mario Pagán unveils $4M La Central restaurant at Distrito T-Mobile
May 27, 2021
The aroma of “melao” coming from the rum still, the flaming charcoal grill, Puerto Rican rum, tobacco, and coffee, will be the stars of the scene of the new $4 million restaurant, La Central by Mario Pagán, located at the Distrito T-Mobile, which will open its doors on June 2. La Central will generate about […]
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VPNet, Microsoft announce $1M joint effort to deliver broadband to rural communities
May 27, 2021
Puerto Rican company VPNet Inc., with support from Microsoft’s Airband Initiative, announced an agreement to make high-speed broadband internet available in rural areas of Puerto Rico, whose communities, organizations, and businesses have faced great challenges, particularly during the COVID-19 Pandemic. The initiative entails a $1 million investment, officials confirmed. The agreement will allow approximately 480,000 […]
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CNE reviews Puerto Rico’s reconstruction and recovery process ahead of hurricane season
May 27, 2021
The Center for a New Economy (CNE) published a policy brief on the resources assigned to Puerto Rico by the federal government for reconstruction and recovery after Hurricane María, up to March 31, 2021 and called for a wider discussion of how these funds will be used. “Obligating and spending the federal funding assigned for […]
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Puerto Rico looks to Congress to secure increased manufacturing activity
May 26, 2021
Representatives of the island’s pharmaceutical, aerospace, medical devices, and accountants, among other private sectors, expressed their support for the Medical Manufacturing, Economic Development and Sustainability Act, submitted in Congress by Puerto Rico Resident Commissioner, Jenniffer González. The bill was touted as “an ideal route to strengthen Puerto Rico’s position as a national manufacturing center.” The […]
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FCCA cruise conference to return to Puerto Rico after pandemic hiatus
May 26, 2021
The Florida-Caribbean Cruise Association announced that the FCCA Cruise Conference – the only official cruise conference representing the Caribbean, Mexico and Central and South America – will return to San Juan next year. Taking place from June 1-3, 2022, the event will feature a reworked agenda with a focus on one-on-one meetings and expanded networking […]
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Siembra Lista to sell local farming, artisanal products at gas station kiosks
May 26, 2021
Siembra Lista, a new concept to market Puerto Rico’s agricultural and artisanal products, was recently launched across a number of gas stations following a $30,000 investment, company executives confirmed. So far, gas stations in Naguabo, Bayamón, Guayama, Caguas, San Juan, Naranjito, Carolina and Fajardo, as well as community pharmacies, are featuring the unique kiosks stocked […]
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Practical Techie: The push for smart thinking machines
May 26, 2021
It’s not easy to foresee things but the Practical Techie likes to peer out into the near future now and then to speculate about what technological advances will come our way. First, a few facts about the present. As it is well known, artificial Intelligence is the strongest development now in terms of high-tech research […]
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B2B Funding grants $4M to businesses hit by COVID-19 to continue operations
May 25, 2021
B2B Funding, established in Puerto Rico in 2016, to offer financing alternatives to local entrepreneurs, said it has awarded about $4 million to more than 150 businesses that continue to operate despite the challenges they have faced during the COVID-19 pandemic. The funding has been assigned through its business loan programs, approved during the months […]
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Puerto Rico-made SunBeat Energy solar energy storage systems make local debut
May 25, 2021
Local entrepreneur Máximo Torres, who has more than 30 years of experience in the renewable energy field, unveiled the SunBeat Energy battery and inverter line, which he developed. To launch the product line and create an inventory, SunBeat Energy has invested some $2 million, and will create about 30 direct and indirect jobs on the […]
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Puerto Rico Chamber of Commerce of Central Florida embracing all nationalities
May 24, 2021
ORLANDO, FL — The Puerto Rico Chamber of Commerce of Central Florida’s executive board has a “clear and precise vision” of embracing not only businesses and professionals coming from Puerto Rico, but small entrepreneurs of all nationalities seeking to establish themselves in Central Florida. Jorge H. Figueroa, president of the nonprofit entity — which has […]
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La Burguesía opens at Distrito T-Mobile following $900K investment
May 24, 2021
The fourth gastronomic concept at the Distrito T-Mobile entertainment complex, La Burguesía restaurant, has opened for business following a $900,000 investment. With an irreverent tone, the restaurant satirizes bourgeois society through its gastronomic offer and design. Its operators send the message by taking a universal dish and elevating its quality, offering a “bourgeois” product at […]
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Copan Industries Inc. announces $78M expansion in Aguadilla
May 24, 2021
Copan Industries Inc. in Aguadilla has announced an $78 million expansion of its facilities, $9 million of which will be used primarily for construction, while the remainder will be used for machinery and equipment, officials said. “This expansion will help more professionals have job opportunities, stay here and contribute to the economic development of our […]
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Puerto Rican businesses, consumers ‘optimistic’ on economic recovery post COVID-19
May 21, 2021
The word “optimism” was repeated a number of times during the Puerto Rico Chamber of Commerce’s presentation of the 2021 studies establishing the level of confidence by local entrepreneurs and consumers. In both cases, the research concluded that there are high expectations for improved economic conditions moving forward. While economic analysis firm Estudios Técnicos prepared […]
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5 Puerto Rican startups chosen for gBETA San Juan summer ’21 cohort
May 21, 2021
Startup accelerator gener8tor has announced the five companies participating in its gBETA San Juan Summer 2021 cohort. This is the first gBETA program for gener8tor in Puerto Rico and the first gener8tor program to be offered in both English and Spanish. The five Puerto Rico-based startups selected — YO+, The Happy Givers, Hyperion, PolyGhost and […]
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$58M in budget cuts, adjustments put agriculture services at risk, Farm Bureau says
May 21, 2021
The head of the Puerto Rico Farm Bureau raised a red flag over the adjustments and cutbacks of more than $58 million to Agriculture Department programs included in the Fiscal 2022 budget, which “put major farmer aid programs at risk.” Bureau President Héctor I. Cordero-Toledo said information provided by the Administration for the Development of […]
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