International Hospitality Enterprises, a Puerto Rican hotel operator, will incorporate the four Hyatt Place and Hyatt House hotels in Puerto Rico owned by PRISA Group into management its portfolio, Federico Stubbe CEO of the latter company announced. “This transaction represents the union of two local companies committed to the tourism and economic development of Puerto […]
Grupo Guayacán is looking for business ideas and future entrepreneurs who are eager to learn how to start a business in a short, yet intense virtual series of workshops. This will be the 11th edition of Grupo Guayacán’s I-Corps Puerto Rico (I-Corps PR) program, the idea validation boot camp to be offered online at no […]
The U.S. Department of Veterans Affairs will break ground later this year on what will be a new Mental Health and Recovery Center in Hato Rey, at a cost of $46.6 million. The facility is slated to open in November 2022, this media outlet confirmed. The facility will be part of a mixed-use complex planned […]
The Federal Emergency Management Agency announced the assignment of some $7.7 million for the Puerto Rico Forensic Science Institute, known as the ICF in Spanish. This grant will cover work to repair damage to the only expert research center of its kind on the island and aims to improve the building’s capabilities in future events. […]
We Connect, a local company that provides solutions and strategies for event production, announced its expansion and transition into offering services to a virtual world. Through the adoption of Virtway Events, a proprietary and global platform/technology that allows the coordination of any type of event in 3D format, the company becomes the first Virtway certified partner […]
The Puerto Rico Restaurants Association sent a letter to Gov. Wanda Vázquez asking her to ease the conditions under which they will operate after the current Executive Order restricting economic activity to curb the spread of COVID-19 expires on Aug. 15. In the letter, the trade group — which represents about 4,500 local commercial establishments […]
The U.S. Department of Housing and Urban Development announced the disbursement of $5.4 million in CARES Act funding to help low income families during the coronavirus pandemic. The assignment is part of a global disbursement of $472 million in funding that can be used by public housing authorities to help families assisted by Housing Choice […]
The Puerto Rico Ports Authority will buy and install some 78 new fenders at the Puerto Nuevo facility’s C to H loading docks at a cost of $1.2 million, agency Executive Director, Joel A. Pizá-Batiz announced. The loading docks fenders must be replaced as soon as possible because they are deteriorated and do not fulfill […]
The Puerto Rico Department of Labor and Human Resources confirmed it has disbursed $78.5 million to some 12,662 claimants who were waiting to receive the retroactive payment of both the unemployment insurance compensation and the Pandemic Unemployment Assistance aid. “Some 12,662 people will be receiving their corresponding payments in the coming days,” Labor Secretary Carlos […]
The Highways and Transportation Authority announced the availability of the AutoExpreso Móvil application, which is free of charge for iOS and Android devices and will give users more control of electronic payments for the island’s toll payment system. “With this launch, we’re giving AutoExpreso users not only more control of their accounts, but also the […]
The Puerto Rico Public-Private Partnership Authority, together with the Puerto Rico Electric Power Authority, issued a Request for Qualifications seeking companies interested in managing, operating, maintaining and decommissioning one or more of the utility’s base-load generation plants and gas turbine peaking plants across the island. This is the second P3 agreement that the government is […]
Puerto Rico Government Gaming Commission Executive Director José Maymó-Azize announced the start of the process to get comments from the general public on the regulations that will govern the island’s sports betting, fantasy contests and electronic games operation. “Pursuant to the Uniform Administrative Procedures Act of the Government of Puerto Rico and the Government of […]
Puerto Rico’s new car sales spiked by 38% year-over-year in July, with 10,595 units sold, the United Automobile Importers Group confirmed. Despite last month’s growth, so far this year, the industry has seen a contraction of 28.4%, the trade group known as GUIA stated. Segments reflecting the greatest jumps in July were vans, with an […]
The Federal Communications Commission announced it will accept proposals from telecommunications companies in Puerto Rico to receive funding from the “Uniendo a Puerto Rico Fund.” The fund has $504.7 million available during a 10-year period to support fixed broadband projects by companies in the Puerto Rico market. Another $186.5 million is available under the Connect […]
Integro Foundation, a nonprofit organization established on the island in 2015, collaborated with Binance Charity to raise $1M and donate 200,000 KN-95 masks in Puerto Rico as part of the “Crypto Against COVID-19 Campaign.” A total of 500,000 masks are being donated to Brazil, Brazilian Amazon, South Africa, Bermuda, Barbados, St. Lucia, Dominican Republic, and Navajo […]
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA