SBA’s PPP program runs out of funds before official deadline
May 14, 2021
The US Small Business Administration’s Paycheck Protection Program (PPP) has ended, as funding has run out more than two weeks before the program’s official May 31 deadline, sources have confirmed to News is my Business. Sources not authorized to speak publicly have confirmed the information that was first reported by The New York Times. According […]
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UPR’s virtual learning curriculum gets Middle States accreditation
May 14, 2021
The Middle States Commission on Higher Education has accredited all of the University of Puerto Rico’s campuses to offer its virtual learning curriculum as part of its efforts to expand its reach and learning experience for students in and outside Puerto Rico. UPR President Jorge Haddock said as a result of the COVID-19 pandemic, Puerto […]
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Roosevelt Roads to undergo $50M infrastructure upgrades before seeking master developer
May 13, 2021
The former Roosevelt Roads Naval Base, which has been in the hands of the Puerto Rico government for about eight years, will undergo a $50 million infrastructure upgrade in preparation for the selection of a master developer for the property, News is my Business confirmed. Nilda Marchán, executive director of the Local Redevelopment Authority for […]
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Ports Authority drawing up $10.1M remodeling plan for Aguadilla airport terminal
May 13, 2021
Looking to “significantly improve the traveler experience,” the Puerto Rico Ports Authority is working on the design of a $10.1 million remodeling of the Rafael Hernández International Airport in Aguadilla’s passenger terminal, agency Executive Director Joel A. Pizá-Batiz announced. The design of the improvements is being carried out by MGA Consultant, which Ports contracted to […]
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WorldNet marks 25th anniversary with 28% revenue growth
May 13, 2021
WorldNet Telecommunications, founded in San Juan in 1996, is marking its 25th anniversary with a string of accomplishments, including an increase in revenue of 28% and of 86% in accounts at the end of its fiscal year, it announced. The success is attributed to “sales efforts, product development and the acquisition of some commercial assets […]
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Hospital de la Concepción breaks ground on $8.1M Skilled Nursing Facility
May 12, 2021
The Hospital de la Concepción in San Germán announced it has broken ground on the construction of a new $8.1 million Skilled Nursing Facility for older adults with acute medical conditions. The facility will house 30 beds, round-the-clock nursing care, and rehabilitation therapies. The project will generate 150 jobs in the construction phase, and 50 […]
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$1.7M Sazón Cocina Criolla restaurant opens at Distrito T-Mobile complex
May 12, 2021
The third eatery that is part of the gastronomic lineup at the Distrito T-Mobile entertainment venue in the Miramar sector of San Juan, Sazón Cocina Criolla, has opened its doors following a $1.7 million investment. The 3,300 square-foot restaurant featuring authentic Puerto Rican cuisine, will be located at the district’s Central Plaza, and will join […]
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Puerto Rico’s SME’s eligible for up to $100K in seed funding from gov’t
May 12, 2021
Puerto Rico’s small- and mid-sized businesses (SME’s) looking to grow their operations may be eligible for as much as $100,000 in seed funding from a number of programs under the Department of Economic Development and Commerce (DDEC, in Spanish). During a roundtable discussion to mark small business month, the agency brought together five companies — […]
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DDEC renews membership with int’l film trade group to boost local industry
May 11, 2021
With a number of current and future film production projects being rolled in Puerto Rico, the Department of Economic Development and Commerce (DDEC, in Spanish) announced it has renewed its membership with the Association of Film Commissions International (AFCI). DDEC Secretary Manuel Cidre said belonging to the Association allows the agency’s Puerto Rico Cinematographic Industry […]
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Google for Startup: Sales Academy Latam picks 3 parallel18 alumni startups
May 11, 2021
Tasty Smart and Silabuz, P18 alumni, and Pryze, a pre18 alumnus, both acceleration and pre-acceleration programs from parallel18, were accepted into the Google for Startups: Sales Academy Latam program. This is the first time the program will be executed for Google’s partner network in Latam and only 17 companies were selected, parallel18 officials confirmed. The […]
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Science Trust provides sponsorship to Holberton School coding program
May 11, 2021
The Puerto Rico Science, Technology and Research Trust recently granted a sponsorship to Holberton School to support its Holberton Software Development School and Computer Science coding program. “The future is for coders. From opportunities in large companies running their operations digitally, to startups developing applications, as well as opportunities to work as independent contractors and […]
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FCC green-lights 2 wireless providers to deploy more spectrum in Puerto Rico
May 10, 2021
The Federal Communications Commission (FCC) has given the go-ahead to Federated Wireless Inc. and Key Bridge Wireless LLC — two companies that will work to deploy more wireless spectrum in Puerto Rico, based, for the first time, on the 3.5 GHz band. In a release, the regulatory agency said the approval will make the “critical” […]
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Mojito Beach Bar, other tenants opening shops at the Carolina public beach
May 10, 2021
Mojito Beach Bar, a business located in Playa Santa in the southwestern town of Guánica, will be opening a second location at the Carolina public beach — known as the Balneario de Carolina — looking to expand beyond the earthquake-affected region, News is my Business confirmed. This is one of several new tenants that will […]
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Trailer Bridge signs 1st long-term agreement with Puerto Rico Ports Authority
May 10, 2021
Trailer Bridge Inc., headquartered in Jacksonville, FL., announced it has signed a 20-year lease agreement with Puerto Rico Ports Authority for the Army Terminal. This is the company’s first long-term agreement with the port since its inception, “signaling Trailer Bridge’s continued commitment to providing weekly sailings to support shipper’s needs to and from the island,” […]
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Liberty Puerto Rico nearly triples revenue in 1st full quarter after AT&T acquisition
May 7, 2021
Liberty Puerto Rico reported a combined revenue of $361.3 million during the first quarter of the year, a growth that benefited from the inclusion of AT&T’s wireless and wireline operations. When compared with the same year-ago quarter, when $104.6 million in revenue was reported, the current figure represents a 245% jump, according to the company’s […]
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