SBA launches $100M ‘Community Navigator Pilot’ Program application
May 28, 2021
The U.S. Small Business Administration (SBA) announced today that it is accepting applications for its new Community Navigator Pilot Program. This new initiative, established by the American Rescue Plan, will leverage a community navigator approach to reach our nation’s smallest businesses, with a priority focus on those owned by socially and economically disadvantaged individuals, as well as […]
chat_bubble0 Comment
visibility5958 Views
Science Trust, Housing Dept. launch improved Re-Grow Puerto Rico aid program
May 28, 2021
Less than a year after Re-Grow Puerto Rico was launched and addressing the concerns of the agricultural sector, the Puerto Rico, Technology and Research Trust together with the Housing Puerto Rico Department have implemented improvements to the program. The initiative, which feeds from with Community Development Block Grant (CDBG-DR) Program funds, seeks to expedite access […]
chat_bubble0 Comment
visibility1898 Views
Congar Int’l Corp. expanding Cayey plant, investing $23M in 4 yrs.
May 27, 2021
Cigar manufacturer Congar International Corp. will expand its operations in Puerto Rico and will add 85 new jobs to the more than 300 employees it already has on its payroll. The company that has been established in Cayey for 60 years plans to invest $23 million in a four-year period during the expansion process. “Congar […]
chat_bubble0 Comment
visibility4440 Views
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 […]
chat_bubble0 Comment
visibility3945 Views
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 […]
chat_bubble0 Comment
visibility2692 Views
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 […]
chat_bubble0 Comment
visibility2270 Views
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 […]
chat_bubble0 Comment
visibility1729 Views
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 […]
chat_bubble0 Comment
visibility2255 Views
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 […]
chat_bubble0 Comment
visibility1606 Views
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 […]
chat_bubble0 Comment
visibility1951 Views
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 […]
chat_bubble0 Comment
visibility2268 Views
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 […]
chat_bubble0 Comment
visibility8530 Views
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 […]
chat_bubble0 Comment
visibility2293 Views
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 […]
chat_bubble0 Comment
visibility2089 Views
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 […]
chat_bubble0 Comment
visibility4677 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA