Economic Dev’t and Commerce grants $3.1M to textile, food manufacturers
October 12, 2020
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 […]
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Tourism, private sector execs unveil the Puerto Rico Tourism Business Council
October 9, 2020
Looking to promote the enactment of healthy public policy that benefits the island’s tourism industry and achieves a positive multiplier effect, business leaders, employment generators, and local capital investors from several sectors of the tourism industry have come together to create the Puerto Rico Tourism Business Council. Among its immediate priorities and in its commitment […]
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Puerto Rican Endeavor Entrepreneur featured in ‘Think Big’ LatAm podcast
October 9, 2020
Puerto Rican Endeavor Entrepreneur Carlos García, co-founder and CEO of the Andiago! company, is one of nine featured entrepreneurs in the Endevor-produced Think Big podcast that seeks to inspire entrepreneurs to find their purpose, transform industries, impact humanity and change the world. Hosted by Mexican media and business consultant Genaro Mejía, Think Big explores the […]
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Airbnb has collected, paid $16.8M+ in occupancy tax in Puerto Rico in 3 years
October 8, 2020
Short-term rental platform Airbnb announced that from Aug. 1, 2017 to Aug. 31, 2020 it has collected a total of $16.8 million from the 7% hotel room occupancy tax and remitted the money to the Puerto Rico government. In 2017, Airbnb established an agreement with the Puerto Rico Tourism Co. to formalize short-term rentals and […]
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FEMA assigns nearly $49M for University of Puerto Rico upgrades
October 8, 2020
During September, the Federal Emergency Management Agency approved $48.7 million in additional federal grants for 12 projects to repair several campuses of the University of Puerto Rico, the agency confirmed. “More than a contribution to strengthen the infrastructure of the UPR, this investment will help future generations benefit from resilient facilities within the Island’s public university system. It is […]
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USDA assigns $1.9M for distance learning, telemedicine projects in Puerto Rico
October 8, 2020
Puerto Rico has been awarded nearly $1.9 million for two projects — the Puerto Rico Science, Technology and Research Trust and the Migrant Health Center Western Region Inc. — that will provide enhanced access to telemedicine and online education to rural communities. The funding comes from the U.S. Department of Agriculture’s Distance Learning and Telemedicine (DLT) […]
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Cidrines pastry and bread manufacturer invests $3M to boost exports
October 8, 2020
Cidrines, a Puerto Rican company founded in 1978 known for its sweet ‘sobao’ bread and pastries, is investing $3 million to expand its manufacturing plant in the Zeno Gandía industrial park in Arecibo to increase its exports, company and government officials announced. The investment will cover the hiring of 50 employees over the next 36 […]
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6 towns get go-ahead to use $19M in community disaster loan funds
October 7, 2020
Six towns affected by the earthquakes that rattled Puerto Rico in January recently got the go-ahead from the Federal Emergency Management Agency to tap into a combined $19 million in Community Disaster Loans (CDL) to rebuild. Guayanilla, Mayagüez, Ponce, Salinas, Santa Isabel and Villalba will be able to tap into the operational funds meant to […]
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Fairmont El San Juan hotel names new GM, plans to upgrade property
October 7, 2020
The Fairmont El San Juan hotel has named Kelley Cosgrove as general manager of the Isla Verde property, which is also in line to undergo a round of renovations, this media outlet confirmed. Cosgrove, who brings with her 33 years of experience with the chain in properties in Canada, Dubai, Hawaii and California, has been […]
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Ponce Research Institute gets 3 grants totaling $3.5M
October 6, 2020
The Ponce Research Institute announced it has received a combined $3.5 million in research grants for several projects currently underway. Of that amount, $750,000 came from the National Institute of Health effective for three years for a project by Eliut Rivera of the Ponce Health Sciences University’s School of Behavioral Sciences entitled: “Reduction of mental […]
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Bankruptcy filings down 31.1% in Puerto Rico in September
October 6, 2020
A total of 443 petitions were filed at the U.S. Bankruptcy Court in Puerto Rico during the month of September, representing a 31.1% drop from the same month in 2019, according to a report released by research firm Boletín de Puerto Rico. In September 2019, the court received 629 bankruptcy cases, according to the report. […]
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CienciaPR unveils virtual collection of profiles of Latina scientists
October 6, 2020
Looking to showcase outstanding women in science, technology, engineering and mathematics (STEM) disciplines, Ciencia Puerto Rico (CienciaPR) has published the Seeds of Success Women in STEM Collection, which currently features almost 160 Puerto Rican and Latina scientists. The collection — the largest of its kind in the world, according to the nonprofit — highlights women […]
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MIDA: Puerto Rican consumers spent 18% more on groceries this year
October 5, 2020
Puerto Rican consumers spent an average of $500 a month on groceries, or 18% more than the average $422 spent last year, the Chamber of Marketing, Industry and Food Distribution’s annual Consumer X-Ray revealed. “Spending appears to be driven by an increase in the frequency of visits to supermarkets, which registered an average of eight […]
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195 Puerto Rican college students get $191K in scholarships
October 5, 2020
With the goal of providing supplementary assistance to university students who show financial need, the Puerto Rico Community Foundation and the Hispanic Federation announced the granting of 195 scholarships from the Hispanic Federation Puerto Rico Recovery and Relief Fund to students from 57 towns on the island. The scholarship recipients are enrolled in a diversity […]
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Free TV application now streaming in Puerto Rico
October 5, 2020
Media company Olympusat International, LLC. announced the availability of its Free TV service, an ad-supported app based on-demand video service, in Puerto Rico on internet-connected devices through Google Play Store, Apple Store, Apple’s iOS, and on the internet. “It is with a great deal of excitement that we can now say that we’re offering access to our world-class […]
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