More local residents are benefiting from the Weatherization Assistance Program in Puerto Rico, where some 259 homes are splitting an investment of $439,446 this year, Economic Development and Commerce Department Secretary Manuel Laboy announced. The current number represents 131 additional homes that will benefit, in comparison to those on record for the years 2017 and […]
Retailer Walmart announced that as part of its commitment to job creation and retention, the support to local industry and the promotion of commercial activity, it has invested $6.5 million in the remodeling of its Supercenter in Plaza Canóvanas. “We have been serving Puerto Rico for 27 years and contributing to its socioeconomic development,” said […]
New Energy Consultants, a Puerto Rico-based company founded in 2007 dedicated to the design, installation, sale, financing and purchase agreements of solar systems for residential, commercial and industrial customers, has filed for Chapter 11 bankruptcy protection, citing more than $9.8 million in debt. According to the filing, the extensive list of creditors includes several major […]
Lufthansa Technik Puerto Rico (LTPR), based in Aguadilla, will provide maintenance services to Allegiant Airlines, which confirmed the five-year agreement during a visit to the facility. During the event, participated by Lufthansa Group and Puerto Rico government executives, it was announced that Allegiant will have its A320 aircraft fleet serviced by LTPR technicians. “LTPR is […]
Animus, the largest women’s personal, professional and entrepreneurial development platform, will host its annual summit on its fifth anniversary, providing thousands of participants with valuable tools to grow and maximize their lives, careers and community. This year’s Animus will take place Nov. 15 at the Puerto Rico Convention Center. In five years, Animus, created by […]
Consumer spending in Puerto Rico contracted by nearly 9% from 2012 to 2017, when the island’s population also consistently declined, according to statistics released by the U.S. Department of Commerce’s Bureau of Economic Analysis. Consumer spending — which contracted by an average of 1.8% annually during the period — measures the goods and services purchased […]
The Puerto Rico Tourism Co. intends to continue integrating the island’s 78 municipalities into efforts related to promoting economic development as a result of tourism activity. During the “First Municipal Tourism Summit” participants had the opportunity to receive information on how to integrate the initiatives that the agency has launched to develop tourism in every […]
Puerto Rico Restaurants Association Chair José Salvatella urged local eateries to complete the necessary steps to be able to pass on the reduced sales and use tax rate to consumers, who are increasingly eating out. During an interview on the “En Una Hora” radio program on 11Q 1140 AM, in which News is my Business […]
Hilton hotels unveiled an inspirational campaign called “Carry on Puerto Rico,” intended to encourage travel to Puerto Rico, featuring actress Rosario Dawson, whose family hails from the island. The campaign captures the spirit of one of the Caribbean’s most treasured destinations and conveys how visitors, especially those coming from the U.S. mainland, can immerse themselves […]
A delegation of 13 Puerto Rican companies locked down more than $5.2 million in sales during a recent commercial mission to Spain, coordinated by Puerto Rico Emprende, an initiative run by Puerto Rico Trade and Export. “Spanish companies showed great interest in the offer of local products and services that we took to the mission,” […]
With an investment of $1.5 million, the Hospital Metropolitano recently inaugurated a comprehensive women’s health center called the D’ Mujer Health & Prevention Center, company officials announced. The new unit enables the medical facility to expand its range of services to address the health of Puerto Rican women, who in addition to having access to […]
Following three decades of operating in Puerto Rico from its headquarters in Salinas under the names of DuPont Pioneer and Dow AgroSciences, the company is starting a new phase of operations focused on the research and development of corn, sorghum and soybean seeds under Corteva Agriscience name. Through this effort, the company “strengthens its position […]
Marking its third year of operations in Puerto Rico, Market Tech Consulting has inaugurated a new contact center in Bayamón staffed by a 100% local workforce to provide commercial and service support to businesses and professionals. The new facilities entailed an investment of $1 million and house 187 work units that generate 300 direct local […]
In an effort to provide alternatives and new solutions that contribute to Puerto Rico’s economy and to attract different markets interested in investing and buying goods on the island, E&S Group Inc. is relaunching the EdictosySubastas.com digital platform. This is a system that collects, organizes, categorizes and presents detailed information about the different auctions that […]
The Puerto Rico Tourism Co.’s “Voy Turisteando” campaign that ran from April to August 2019 generated $52.2 million for the local economy and prompted a 43% increase in hotel room stays islandwide, agency officials announced. The campaign “exceeded” expectations, Tourism Co. Executive Director Carla Campos said. The promotional effort, which focused on a campaign centered […]
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