Hotel room tax collections reached nearly $7 million in April, the highest in the history of the levy for that month, Puerto Rico Tourism Company Executive Director Carla Campos said. In April 2019, collections totaled $6.96 million, a figure that reflects an increase of more than $500,000 when compared to collections for April 2018, and […]
Grupo Colón Gerena, franchise license holders for the Famous Dave’s restaurants in Puerto Rico, confirmed that the chain will disappear from the local market, and will be transformed into Olive Garden eateries. The transformation is the result of recent market assessments and studies, which revealed consumers’ desire for more Olive Garden on the island, said […]
IBM recently highlighted Truenorth Corporation in a case study about a technology solution the Guaynabo-based company worked on for the Puerto Rico Treasury Department in the aftermath of Hurricanes Irma and María. Truenorth, along with IBM partner PSR, helped the Treasury Department develop and implement a continuous availability solution that is based on IBM z14 […]
The amount of money consumers are spending on groceries a month dropped to $422, a fall of 5% versus the expenditure reported in 2018, similar to that recorded in 2015, according to the study released by the Chamber of Marketing, Industry and Food Distribution, or MIDA, as the trade group is known for its initials […]
USDA Rural Development is awarding 58 grants for projects in 17 states and Puerto Rico to reduce energy costs for farmers, agriculture producers and rural-based businesses and institutions. Four projects in Puerto Rico will receive a combined $53,000, the USDA revealed. USDA is providing the grants through the Rural Energy for America Program (REAP). Congress […]
Within the celebration of PRIDE month, Destination Marketing Organization Discover Puerto Rico announced it is strategically positioning Puerto Rico as the “LGBTQ+ capital of the Caribbean” by leveraging the island as the most welcoming, inclusive and safe vacationing spot in the region for this community. Puerto Rico holds the most metrics of advancing civil liberties […]
The population born in the U.S. mainland residing in Puerto Rico is estimated at 166,000 — a number that was reduced by 12% between 2010 and 2017, according to a study released by the Censal Information Center, at the University of Puerto Rico in Cayey. The research presents a description of demographic and socioeconomic variables […]
The Puerto Rico Telecommunications Bureau and the Puerto Rico Electric Power Authority signed an agreement through which they will work with service providers to expedite the restoration of services in the wake of an emergency. The agreement establishes a mechanism that assigns priority levels to energizing critical telecommunications facilities divided into three timeframes — between […]
In keeping with its commitment to small businesses, Oriental granted a loan of some $2.8 million to Evinmotors, for the purchase of a commercial property that will become its new headquarters. The loan was granted under the Small Business Administration’s 504 program, jointly with the Marketing Small Business Finance Corp. Evinmotors is a company dedicated […]
In this edition of “Climbing the Corporate Ladder,” the list includes new executive appointments at several Puerto Rico-based nonprofit organizations, an airline and a hotel. Liberty Foundation names new executive directorThe Board of Directors of Liberty Foundation announced the appointment of Yadira Valdivia as executive director, with the principal objective of expanding the foundation’s reach […]
Gov. Ricardo Rosselló will present a $9.6 billion budget for Fiscal 2020 to the Legislature that defies the Financial Oversight and Management Board for Puerto Rico’s proposal, which is $500 million lower. During his Budget Address delivered in Ponce, Rosselló said the budget is “based on a new methodology, in which results can be measured […]
By Miguel Díaz-RománCenter for Investigative Journalism The ongoing nightmare of thousands of policyholders whose claims after Hurricane María have not been paid, or whose payment was not enough to cover the losses, could have been avoided if the island’s Catastrophic Reserve had not been reduced by amendments promoted by insurance companies with the consent of […]
From emails, videoconference calls to immediate access to data, remote work through multiple devices and mobile applications is part of the daily routine of today’s workforce. According to a recent report, the global mobile workforce will increase to 1.87 trillion people by 2022, which represents 42.5% of the global workforce. While the virtual digital office […]
Although he has been in his new post as president of the Puerto Rico Manufacturers Association for less than a week, Carlos Rodríguez already has a number of goals he wants to accomplish during his tenure. First on the list is re-inserting the manufacturing sector in the government discussion. “There was a time when we […]
Local airline Vieques Air Link, which has been connecting Puerto Rico to the island municipalities of Vieques and Culebra for 10 years, will begin flying to St. Thomas for the first time starting later this year. Carlos Rodríguez, president of the company, confirmed that two new Cessna 402 aircraft were purchased for $800,000 in preparation […]
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