Duke and Duchess of Sussex to fund World Central Kitchen relief center in Puerto Rico
December 21, 2020
The Duke and Duchess of Sussex — Prince Harry and Megan Markle — will be partnering with World Central Kitchen through their nonprofit Archewell Foundation to fund the construction of four Community Relief Centers throughout the world, including one in Puerto Rico. The couple made the announcement in a statement released Sunday, confirming their nonprofit’s […]
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2 local nonprofits receive grants from philanthropist MacKenzie Scott
December 21, 2020
The United Way of Puerto Rico and the Puerto Rico Food Bank were two of the 384 nonprofits that will split $4.2 billion in charitable giving from philanthropist MacKenzie Scott, co-founder of Amazon and the richest woman in the world. In a post she published late last week, Scott said the economic and health-related losses […]
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University of Puerto Rico unveils website to sell, lease institutional properties
December 21, 2020
Looking to identify new external resources destined for the University of Puerto Rico and to promote the development of the real estate industry, the institution unveiled a new real estate and investments website, a public platform to share information about the properties that the university system has for sale or rent. Since the UPR’s Real […]
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Pepsi-Cola Puerto Rico pumps $7 million into vehicle fleet upgrade
December 21, 2020
Pepsi-Cola Puerto Rico Distributing recently announced that its supply chain is undergoing a series of improvements, including a $7 million modernization of its fleet of vehicles. As part of the initiative, the distributor bought 48 new trucks, labeled with the iconic Pepsi and 7UP brands, to deliver and distribute its products to points of sale […]
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Invest PR locked down $58M in committed investments, 3,500 jobs in ‘20
December 18, 2020
Invest Puerto Rico (InvestPR) provided an overview of its achievements in 2020, which included secured new business commitments including 3,500 new jobs, $58 million in capital investment, and an average payroll of $51,000 per job. During a virtual presentation, the island’s official investment promotion organization shared the results presented in its annual report, detailing the […]
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Parallel18 marks 5th anniversary as it releases its 2020 Impact Report
December 18, 2020
The Parallel18 startup acceleration program is marking its fifth anniversary with a rundown of its achievements so far, which include receiving 4,340 applications, graduating 211 companies of which 35% are from Puerto Rico and seeking 85% of them survive despite trying economic times. During a presentation, Parallel18 officials said $1.3 million were distributed in grants […]
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Puerto Rican menswear retailer Clubman launches online store
December 18, 2020
Puerto Rican men’s clothing retailer Clubman unveiled its new hybrid concept that includes a virtual store and a new pick-up service at its flagship store in Santurce. The online store, which entailed a $25,000 investment to set up, features all of Clubman’s collections, from casual to formal. Shoppers can choose to pick-up their purchases at […]
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CESCO Digital app has 1M users, shored up $38.4M for gov’t
December 18, 2020
The Puerto Rico Department of Transportation and Public Works’ CESCO Digital app has already garnered one million users and has collected more than $38.4 million for the government through a number of possible transactions, Puerto Rico Innovation and Technology Services director Glorimar Ripoll-Balet said. The implementation of this the mobile app, which is part of […]
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3 new hotels with $25M in combined investments planned for San Juan islet
December 17, 2020
Three new hotels — Hotel Tetuán 100, Puerto Valdes, and Plaza Colón Hotel & Suites — representing a combined $25 million in investments are underway in the San Juan islet, which will add 88 new rooms to Puerto Rico’s inventory. During a news conference, Puerto Rico Tourism Co. Executive Director Carla Campos said the new […]
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Puerto Rico residents have until Friday to claim $1,200 incentive
December 17, 2020
Individuals residing in Puerto Rico during the year 2019 or 2020 have until Friday to request the $1,200 economic incentive approved by the federal government earlier this year to mitigate the effects of COVID-19, Treasury Department Secretary Francisco Parés-Alicea said. “We urge citizens who have not completed the CARES Act financial aid application to do […]
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MCS Foundation fundraiser pursuing $1M for elderly population
December 17, 2020
The MCS Foundation recently launched its “A call for our people in need” fundraising campaign through which it hopes to raise $500,000, which it will match dollar-for-dollar, up to $1 million, to help Puerto Rico’s most vulnerable communities and the elderly, the nonprofit announced. This is the fourth fundraising campaign. “According to official Census data, […]
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$12M Palacio Provincial Hotel to open in Old San Juan this month
December 16, 2020
The emblematic structure in front of the Plaza de Armas in Old San Juan, which originally housed the Provincial Council of Spain in Puerto Rico, will open its doors as a historic hotel later this month. The property underwent a $12 million renovation to house 43 rooms, an open-air restaurant, event hall, a library, and […]
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PepsiCo Puerto Rico exploring exporting locally-made products to So. Florida market
December 16, 2020
PepsiCo, which has been manufacturing popular snacks — Doritos, Tostitos and Cheetos — out of its Barceloneta plant since 1982, is evaluating expanding its reach into South Florida, by exporting its “Mofongo Mix” product line into a market with a solid Puerto Rican presence. In an interview with this media outlet, company General Manager Alejandro […]
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T-Mobile Puerto Rico rolls out Project 10Million to bridge digital learning gap
December 15, 2020
Wireless carrier T-Mobile Puerto Rico announced the launch of Project 10Million in Puerto Rico, an unprecedented initiative aimed at delivering internet connectivity to thousands of public school students on the island at no cost to them. With a companywide commitment of $10.7 billion, Project 10Million will address the island’s growing need for internet access for […]
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Abexus: Puerto Rico’s dependency on federal funds will linger in ’21
December 15, 2020
The year 2021 will be characterized by a strong dependency of federal funds across a number of industries, as the effects of the blow the COVID-19 pandemic dealt to Puerto Rico’s economy, local firm Abexus Analytics concluded in a study. “This next year will be characterized by a strong dependency of federal funds, not just […]
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