Empresas Massó unveils $30K modular classroom
February 27, 2020
Puerto Rican company 2Go Storage, a division of Empresas Massó, unveiled its modular classroom concept in San Lorenzo, which use customized containers for modular construction. Each customized, fully equipped unit can cost about $30,000, said Gildo Massó-Ortiz, responsible for the 2Go Storage project. He said the cost is about 15% lower than existing alternatives. The […]
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Vimenti by Boys & Girls Clubs of P.R. presents 1st year results
February 27, 2020
A year and a half after starting operations at the Ernesto Ramos Antonini housing project, integrated services project Vimenti by Boys & Girls Clubs of Puerto Rico presented results from its three program areas: educational, social and economic development. In addition, the organization presented challenges and lessons learned in a study financed by the Walton Family Foundation of three main areas: […]
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Coalition of islands bands together to face climate change
February 27, 2020
Island communities from the Pacific to the Caribbean are facing the climate crisis head on and uniting to share practices, resources, and identify ways to strengthen national policies and funding to support their efforts. At the second “Climate Strong Islands Dialogue” taking place in Puerto Rico this week, nonprofits, foundations, universities, and private sector discussed […]
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FEMA, COR3 obligate $14M for 131 recovery projects in P.R.
February 26, 2020
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, have obligated more than $13.9 million in funds for 131 projects related to the recovery and reconstruction of Puerto Rico, they announced. The latest grants assigned on Feb. 7-20 for permanent projects are: More than $6.6 million for repairs […]
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Evertec announces 8% jump in 4Q19 revenue to $127.2M, up 7% to $487.4M for year
February 26, 2020
Puerto Rican transaction processing firm Evertec announced it a revenue increase of 8% to $127.2 million during the fourth quarter in 2019, and revenue growth of 7% to $487.4 million for the full year ended Dec. 31, 2019. “We’re pleased with our financial results for the year and with the advancement of our key growth […]
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Statistics Institute names Disdier as executive director
February 26, 2020
Six months after opening the process to select an executive director the Puerto Rico Institute of Statistics has appointed Orville M. Disdier as executive director of that entity, promoting him from the interim position he held for more than a year. The announcement was made by Statistics Institute Board Chair Arnaldo Cruz, who said he […]
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Puerto Rico’s new car sales nosedive in Jan. with -18.5% Y-O-Y drop
February 26, 2020
The month of January ended on a negative note for Puerto Rico’s automotive industry, which reported a year-over-year drop in new vehicle sales of -18.5%. The United Automobile Importers Group reported that 6,664 new cars were sold last month, down from the 8,172 sold during January 2019. One of the segments that suffered a significant […]
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Stateside nonprofits grant $11M to Vimenti by Boys & Girls Clubs of P.R.
February 25, 2020
The Peter Alfond Foundation and Comic Relief US have awarded a combined $11 million to Vimenti by Boys & Girls Clubs of Puerto Rico, calling to action other investors, organization leaders and individuals to join them in their support. Both nonprofits seek to break the generational child poverty cycle in Puerto Rico. Peter Alfond Foundation […]
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Dulcinea sweet shop to open at El Distrito entertainment complex
February 25, 2020
Dulcinea, a concept that combines the sweet temptation for Spanish “churros” and soft-serve ice cream based on the culinary experiences of Samina Karim and Rafy Bernabe, will open April 22, 2020 as part of the El Distrito entertainment complex in Miramar. The concept, which entailed a $350,000 investment, combines the iconic tastes of Spain and […]
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P.R. Products Association to host ‘Medweek’ event on Mar. 6
February 25, 2020
The Puerto Rico MBDA Business Center, operated by the Puerto Rico Products Association, will host on Mar. 6, the Minority Enterprise Development Week, or “MedWeek,” event to offer development opportunities for local entrepreneurs. This year marks the 25th edition of the event, to be held at the Condado Plaza Hilton. “’MedWeek’ is aimed at businesses […]
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Pinky’s restaurant launches expansion through franchises
February 25, 2020
The iconic Pinky’s restaurant will soon be transformed into a new franchise that will be available both in Puerto Rico and abroad. This as part of an expansion strategy that will join the offers of this concept with those of Acai Express, Héctor Westerband, president of the chain announced. The first step will be the […]
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UPR signs agreement to spur technological development
February 24, 2020
The University of Puerto Rico recently established a collaboration agreement with the Puerto Rico Innovation and Technology Service to encourage new opportunities for the professional development of students and employees. UPR President Jorge Haddock said the agreement is the first of its kind between the college and PRITS, a government agency headed by Glorimar Ripoll-Balet, that […]
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Open Society Foundations opens 2nd round of youth fellowships in P.R.
February 24, 2020
The Puerto Rico Youth Fellowship is opening the call for a second round of funding, the first in 2020, to support community activism in Puerto Rico with up to $45,000 in scholarships to continue developing and connecting a network of young leaders on the island. “The people of Puerto Rico continue to suffer the consequences […]
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Liberty P.R. reports $412M in revenue in FY19, a 23% year-over-year jump
February 21, 2020
Liberty Puerto Rico reported $412.1 million in revenue for fiscal year 2019, an increase of 23% year-over-year attributed to a “focus on innovation and customer experience, as it strives to transform into a quad-play services provider.” The provider, whose results positioned it as one of its parent company Liberty Latin America’s biggest regional performers in […]
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Gov’t unveils plans for $300M thermal ocean energy project
February 21, 2020
The Department of Economic Development and Commerce unveiled a master plan to develop the $300 million Puerto Rico Ocean Technology Complex, or PROtech, to generate thermal ocean energy. Agency Secretary Manuel Laboy also unveiled plans to seek new energy sources through other eco-friendly developments and scientific research along Puerto Rico’s southeast area. “This project is […]
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