The Puerto Rico Tourism Co. relaunched its “Check Into Your Island” campaign to convey the message on the health and safety measures to be considered to do internal tourism and take advantage of offers currently available only for Puerto Rico residents. The goal is to retrigger the tourism sector’s economic activity after more than six […]
Several hundred Puerto Rico-based schools, municipalities and nonprofits will receive more than $5.5 million from the Federal Communications Commission’s E-Rate funding program to boost broadband services. The program is part of the Universal Service Fund, which has opened two funding windows so far this year. During the first round, the agency received 361 funding requests […]
Medical technology manufacturer Becton, Dickinson and Company (BD) announced a new expansion to its complex in Juncos, through a $23 million shared investment with the Department of Economic Development and Commerce (DDEC). BD has been operating in Puerto Rico since 1957 and will expand its operations and infrastructure to increase production capacity, DDEC Secretary Manuel […]
Despite challenges posed by measures implemented to curb the spread of COVID-19, Puerto Rico’s new car sales reflected an 11.7% year-over-year growth in September, with 8,427 units sold vs. the 7,546 sold in the same year-ago month. The United Automobile Importers Group said, however, that sales from January to September are 20.7% below the same […]
The Federal Emergency Management Agency recently obligated more than $238 million to the Puerto Rico Electric Power Authority (PREPA) for costs related to 28 peaking generator units that provide power to critical facilities until the Costa Sur units in Peñuelas are back in service. The units, which typically only run when there is high demand for […]
Online marketplace eBay recently held the second edition of its “Entrepreneurs of the Year Awards,” which this year included a Puerto Rican business owner among the winners. Local entrepreneur Iván Blázquez received the “New Business Award” for creating Tropical Plantae, an agricultural company located in Aguadilla deemed “the most successful new business on the platform, […]
The U.S. Department of Energy’s Weatherization Assistance Program has opened an application round for Puerto Rico homeowners looking to qualify for lower energy bills by installing efficient equipment. The program is overseen locally by the Department of Economic Development and Commerce’s Energy Public Policy Program. “We urge citizens who meet the established requirements to request […]
Wireless carrier AT&T announced the availability of next-generation 5G technology across all of Puerto Rico, including Vieques and Culebra, as well as the U.S. Virgin Islands. AT&T began the deployment of the 5G network in June, starting with 58 municipalities, as this media outlet reported. The carrier also announced the availability of the new Apple […]
The World Travel and Tourism Council (WTTC) granted its Safe Travels Stamp to the Puerto Rico Tourism Company (PRTC), making the island the first U.S. destination to be included in the international organization’s certification program. Tourism Co. Executive Director said the recognition “promotes the island’s image as an attractive, forward-thinking destination and, most importantly, as a place […]
Centro CRECE, a nonprofit organization that cultivates solutions to promote self-management and growth, announced the launching of the “Competitiveness Toolkit” for Puerto Rico. This analysis, developed in collaboration with the firm Inteligencia Económica evaluates Puerto Rico’s competitiveness in a global market and presents necessary reforms to improve the environment of doing business, fostering entrepreneurship, and […]
Nonprofit organization Ciencia Puerto Rico (CienciaPR) received a $230,000 grant from Science Sandbox, an initiative of the Simons Foundation, to create a collection of public engagement resources to help Puerto Ricans prevent COVID-19. The collection will include multimedia content (audio, videos, infographics), educational materials, and messages that are relevant to the Puerto Rican reality and culture, […]
A major contract signed with the LUMA Energy consortium may prevent Puerto Rico from building a safe, reliable and resilient electrical system, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The deal to operate the island’s grid came in the wake of a series of devastating 2017 hurricanes and amounts […]
The U.S. Small Business Administration, in consultation with the Treasury Department released a simpler loan forgiveness application late last week for Paycheck Protection Program (PPP) loans of $50,000 or less. This decision could affect a little more than 32,000 PPP loans granted in Puerto Rico, according to SBA data released earlier this year. This action […]
Puerto Rico’s new car market showed a deeper contraction than that of the U.S. mainland from March to May — the peak quarantine months to curb the COVID-19 pandemic — but the local market has recovered much faster since then, according to a study by Abexus Analytics. According to the firm’s research entitled “Economic Trends […]
The Department of Economic Development and Commerce announced support for seven Puerto Rico-based companies in the food and textile production sector, whose total investments are close to $3.1 million and the creation of more than 700 jobs. The agency is supporting the expansion of Productos Chebo’s, Amasar LLC, Farm City, and Productos La Finca, which […]
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA