MIDA files federal lawsuit to halt application of transport rate hikes
April 9, 2021
The Chamber of Marketing, Industry and Food Distribution (MIDA, in Spanish) has filed a civil lawsuit seeking an injunction to prevent the enforcement of new transportation rates on existing contractual agreements, to prevent a hike in food prices. According to the lawsuit filed at the US District Court for Puerto Rico, the trade group seeks […]
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Passenger traffic at Luis Muñoz Marín Int’l Airport up 42.9% Y-O-Y in March
April 8, 2021
Passenger movement through the Luis Muñoz Marín International Airport surged by 42.9% year-over-year in March, when 751,974 people used the facility, versus the 526,181 recorded during the same month in 2020, which was significantly impacted by severe downturns in business and leisure travel stemming from the COVID-19 pandemic. Traffic in March 2021 benefitted from four […]
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FEMA earmarks $18.4M to repair Roberto Clemente Stadium in Carolina
April 8, 2021
The Federal Emergency Management Agency (FEMA) approved an obligation of some $18.4 million for permanent repairs to the Roberto Clemente Walker Stadium, a sports facility managed by the Municipality of Carolina. Aside from its sociocultural importance, the home of professional baseball’s Carolina Giants team “plays a very important role in Carolina’s economy,” the federal agency […]
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SBA to open application cycle for Shuttered Venue Operators Grants today
April 8, 2021
The U.S. Small Business Administration will officially open the Shuttered Venue Operators Grant (SVOG) application website at noon today for operators of live venues, live performing arts organizations, museums and movie theaters, as well as live venue promoters, theatrical producers and talent representatives to apply for critical economic relief, as those eligible entities are some of the first […]
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HughesNet expands Puerto Rico footprint to serve increased demand for broadband
April 7, 2021
Satellite technologies and networks provider Hughes Network Systems LLC announced it has secured additional capacity over Puerto Rico for its HughesNet satellite internet service. The capacity increase — on the existing Hughes 63 West satellite payload — seeks to improve customer experience for current HughesNet subscribers across Puerto Rico and enable Hughes to serve more […]
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Puerto Rican businesses in Orlando on a growth curve
April 7, 2021
Orlando, FL — The growing Puerto Rican and Hispanic population is reflected in the growth of businesses in Orlando. Interest had remained steady during the pandemic, as many businesses opened their doors, while the City of Orlando offers a series of incentives and workshops in Spanish focusing on business development that led to more opportunities […]
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Practical Techie: Maps by Google add useful eco-friendly data
April 7, 2021
Google has become more environmentally friendly with its map platform, adding some 100 new features, all powered by artificial intelligence. The improvements include real-time views (Live View) of streets and landscapes with climatic and environmental factors, announced Carlos M. Rivera-Cuesta, of Partners Communications, a Google spokesperson in Puerto Rico. “Live View uses augmented reality data […]
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Treasury Dept.: Jan. collections at $817M, beating forecast by $62.3M
April 6, 2021
Net income to the government’s General Fund during January — the seventh month of Fiscal 2021 — totaled $817 million, while accumulated collections from July to January, reached $6 million, compared to the $5.9 billion on record for the same period of Fiscal 2020. January collections beat the agency’s fiscal forecast by $36.3 million or […]
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Gov’t offers up to $10K in incentives to co.’s on export track
April 6, 2021
The Department of Economic Development and Commerce announced two calls with more than $425,000 available to encourage local companies to export their products and services. The initiative includes an Export Accelerator to train participants and financial incentives to pay for export initiatives of up to $10,000, said agency Secretary Manuel Cidre. “In Puerto Rico there […]
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Parallel18 open calls for 9th cohort for int’l accelerator program
April 6, 2021
Parallel18, a Puerto Rico Science, Technology, and Research Trust program, is now accepting applications for the ninth cohort of its international acceleration curriculum, P18. The San Juan-based accelerator is “actively looking for innovative companies with a global vision and with enough traction to scale operations.” Businesses that fit that profile will have until May 10th at midnight […]
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Sol Puerto Rico launches Shell SmartPay pay-at-the-pump option
April 5, 2021
Sol Puerto Rico Limited, distributor of Shell fuels and Pennzoil lubricants in Puerto Rico, announced the launch of Shell SmartPay, a new application that gives local customers a contactless pay-at-the-pump option at more than 45 stations participating in the program. “Shell SmartPay offers the easiest, fastest and safest way to pay for your gas at […]
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Coro Global Inc. unveils app in Puerto Rico that allows transacting in gold
April 5, 2021
Florida-based fintech firm Coro Global Inc. announced that its subsidiary Coro Corp., has been granted a US Money Transmitter license in Puerto Rico, allowing it to launch its CORO mobile payment app to the island, allowing users to exchange, send and save gold and dollars. Coro Global is “on a mission to support people in […]
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Dept. of Econ. Dev’t grants $2.6M to Abbott for job creation, retention
April 5, 2021
The Department of Economic Development and Commerce (DDEC, in Spanish) announced the the allocation of $2.6 million in incentives from the Special Fund for Economic Development to Abbott’s Puerto Rico facility to create and retain jobs and acquire machinery and equipment to expand operations. “The Department of Economic Development and Commerce granted this incentive to […]
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Our “Dollars & Sense” podcast series is BACK!
April 1, 2021
Check out our newest episode in which we chat with Luis Muñoz Marin International Airport CEO Jorge Hernández about the impact of COVID-19 on travel over the past year, and the road to recovery ahead. Find us on:🔊 Anchor: https://bit.ly/3cGzwA0🔊 Google Podcasts: https://bit.ly/2PfVbXd🔊 Apple Podcasts: https://apple.co/3rHAUXz🔊 Spotify: https://spoti.fi/3dmZ8Bp🔊 TuneIn: https://bit.ly/3cCblmy LISTEN! SHARE!
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Puerto Rico Tourism Co. sues World Travel and Tourism Council for $1.5M
April 1, 2021
The Puerto Rico Tourism Co. has filed a lawsuit against the World Travel and Tourism Council (WTTC) seeking a refund of $1.5 million it paid as part of an agreement — that was broken — to co-host the event, according to the claim filed at the San Juan Superior Court. In September 2019, local event […]
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