The World Travel & Tourism Council (WTTC) announced its decision to move its WTTC Global Summit, slated to take place April 21-23, from San Juan to Cancún, Mexico. The local government, headed by the Destination Marketing Organization, Discover Puerto Rico, had reportedly set aside some $6 million to host the event, which will be reallocated […]
Bravo Family Foundation — a philanthropic entity founded by Puerto Rican businessman Orlando Bravo – announced the 10 innovative companies that moved on to the next phase of the Rising Entrepreneurs Program. BookSloth, CINCO Engineering, FiberWolf LLC, Insu Health Design Inc, Local Guest LLC, Pratian LLC, Raincoat, Skootel, Synchrolog, and Momentum Creative Lab were selected, […]
Florida-based gourmet burger chain BurgerFi is looking for employees for the first of six restaurants planned for the Puerto Rico market, which will open in Guaynabo, this media outlet learned. The company is looking to hire cooks, dishwashers, bartenders and team members for the local fast-casual restaurant chain to be owned and operated by franchisee […]
The “Caguas Compite 2020” is accepting applications from participants looking to learn how to establish a business and succeed in entrepreneurial projects. Caguas Mayor William Miranda-Torres said enrollment is now open for the session that begins Feb. 20. This project, led by the Caguas Department of Economic Development, consists of 20 free business training workshops […]
Seven months after shutting down for a top-to-bottom renovation, the InterContinental San Juan reopened for business today, owners IHG announced. The iconic beachfront property in Isla Verde began its transformation in June 2019, as this media outlet reported. At the time, the estimated investment was $80 million. “Outfitted with the latest in design, technology and […]
The FDIC announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Puerto Rico affected by earthquakes. In a release, the regulatory body stated the measures would apply to all FDIC-supervised financial institutions with total assets under $1 billion. The FDIC is encouraging banks to “work […]
When ordering food delivery services, Puerto Ricans are showing a preference for the convenience and flexibility offered by mobile digital platforms, Uber officials said. Anchored in state-of-the-art technology that is easy to use, these platforms have transformed the prepared food industry, helping to develop the business ecosystem and empowering consumers with more options to match […]
Humana Health Plans of Puerto Rico recently selected Oncology Analytics to implement a patient-first approach to cancer treatment. Through this partnership, Humana will ensure that its 44,600 Medicare Advantage, as well as their 74,300 members enrolled in a commercial fully insured Medicare Supplement plan in Puerto Rico “will receive the most effective, safe, and affordable […]
In the wake of the earthquakes that have rattled Puerto Rico since late December, JetBlue will be “temporarily reducing capacity” to protect its revenue base at least through the first quarter, COO Joanna Geraghty said during a call with analysts to discuss the carrier’s fourth quarter 2019 results. “We remain committed to the island, but […]
Sojitz de Puerto Rico, parent company in charge of its distribution in Puerto Rico, announced the launch of its luxury car brand Genesis. The introduction to the local market is coupled with the construction of a $4 million dealership and sales office at the Plaza Las Américas shopping center, in the former Borders location. The […]
The Puerto Rico Science, Technology and Research Trust has created a collaborative space in its Ponce office so that entrepreneurs affected by earthquakes can continue operations. The space, located in the annex of the Department of Labor and Human Resources in Ponce, will be available Monday through Friday from 9 a.m. to 4 p.m. while […]
Puerto Rico Treasury Secretary Francisco Parés-Alicea issued a call to self-employed individuals and services companies to review the “Optional Contribution” as an alternative when filing this year’s tax return. “This is one of the major changes approved in the 2018 Tax Reform and an alternative that could facilitate compliance with tax obligations in a simpler […]
Vive La Van PR, a new option for camping aficionados, is about to make its debut in Puerto Rico, where it will offer local residents and tourists the opportunity to experience the island differently. On Feb. 1, the startup will roll out its 22-foot luxury van, which has been customized entirely to offer the “camping […]
Puerto Rico’s new car sales took a slight hit in 2019, when 106,606 units were sold, representing a 1.2% year-over-year drop when compared to the 107,941 vehicles sold in 2018, the United Automobile Importers Group announced. GUIA, as the trade group is known by its initials in Spanish, revealed last year’s results as well as […]
The Youth Development Institute of Puerto Rico presented its study “A future of child poverty in Puerto Rico: How much does it cost us and what can we do about it,” which revealed the economic consequences of not paying attention to child poverty in Puerto Rico, plus 10 initiatives that can reduce the problem in […]
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