The U.S. Small Business Administration graduated 39 companies from its Emerging Leaders program in Puerto Rico, completing the fifth cycle of the training series offered to small business entrepreneurs on the island, with cohorts in San Juan and — for the first time — in Ponce. “The desire to continue moving our island forward, even […]
As part of its objective of contributing to a more sustainable future through supporting community efforts focused on natural resources conservation and management, the Ford Environmental Grants program distributed $40,000 among the six winning projects of the 2019 edition. The award-winning community projects of this edition are: Bucaré Urban Garden, by the Coalition for the […]
A new tool is now available to monitor the atmospheric phenomena of the season in real time thanks to the Collaboration Portal of the Puerto Rico Science, Technology and Research Trust and the National Aeronautics and Space Administration, the entities announced. Forecasted storm trajectory, wind speed, expected rain and projected storm surge are some of […]
Preliminary net revenues collected and deposited into Puerto Rico’s General Fund for the recently begun Fiscal 2020 totaled $1.05 billion, Treasury Secretary Francisco Parés said. “July 2019 revenues surpassed last year’s revenues by $305.5 million, a 41.2% increase,” he said, adding that July 2019 revenues were $159.9 million above projections. The corporate income tax category […]
Retail sales reached the second highest level for a month of July in the past decade, with nearly $2.9 billion in activity, Puerto Rico Trade and Export confirmed. The highest month in sales over the past decade was July 2018 with a total $3 billion, which the agency described as “totally atypical behavior” when compared […]
Collaboration between the private and public sectors is essential to continue boosting tourism and be able to reach the goal of doubling Puerto Rico’s visitor’s economy. Such was one of the conclusions of a panel discussion during the first annual Tourism Conference sponsored by Destination Marketing Organization Discover Puerto Rico. The panel that Discover Puerto […]
Local entrepreneurs and researchers who have marketed their innovations thanks to federal grant programs and the support of local business ecosystems organization gathered in San Juan to celebrate and share their success stories. The testimonials came during “The Faces of Innovation in Puerto Rico: SBIR Road Tour Kickoff” event organized by the Puerto Rico Science, […]
New car sales in Puerto Rico took a 10% dip in August when compared to the same month in 2018, the United Group of Automobile Importers confirmed. The organization known as GUIA for its initials in Spanish, which represents the automotive industry in Puerto Rico, confirmed that August ended with a total of 8,236 units […]
Liberty Latin America has selected TiVo’s Next-Gen Platform to deliver “cutting-edge innovations” to its video customers in Puerto Rico, the companies announced. Over time, Liberty Latin America also plans to launch TiVo’s Next-Gen Platform in other markets across Latin America, TiVo executives confirmed. TiVo’s Next-Gen Platform enables Liberty Latin America to seamlessly transition to IPTV […]
Med Center announced the opening of a new $7 million Chronic Conditions Clinic in Ponce to address of asthma, hypertension and diabetes issues, executives announced. “Med Center’s Chronic Conditions Clinic will provide the most advanced health care to control comorbid conditions of diabetes, hypertension and asthma in Puerto Rico,” said Med Center Executive Director Allan […]
A new $12 million hotel will be built on Ponce de León Ave. in San Juan’s Puerta de Tierra sector, featuring some 200 rooms at competitive rates, this media outlet confirmed. Construction of the 10-story hotel will begin in mid-2020 and will be completed in 2022, said Eduardo Oliver-Polanco, the engineer in charge of the […]
The U.S. Department of Health and Human Services awarded $7.8 million for 12 new 330 health clinics in Puerto Rico as part of a global allocation of $50 million for 77 clinics in the United States, Northern Mariana Islands and Puerto Rico. “The novelty of this announcement is that two nonprofit organizations will receive $650,000 […]
The Puerto Rico Science, Technology and Research Trust Grant Program awarded $3.1 million to 26 science and technology research projects, including the “Advanced Research Grant” that promotes cutting-edge research in various areas of science and technology with $150,000 to each winner. The Catalyzer Research Grant was also awarded, which conferred $70,000 to each recipient and […]
Looking to diversify Puerto Rico’s economy, the Department of Economic Development and Commerce will promote and market the island as a mega-yacht destination, which has the potential to generate $61 million in revenue. “Our mission is to implement and supervise the execution of Puerto Rico’s public policy on economic development in the various business sectors. […]
The government of Puerto Rico will establish work groups comprising local and federal officials, as well as private-sector executives, to brainstorm on potential alternatives to offset the loss of federal credits granted for taxes paid by manufacturing companies under the Commonwealth’s Law 154. The tax credits, which will be phased out by the U.S. Department […]
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