$12M, 200-room hotel planned for Puerta de Tierra sector in San Juan
September 13, 2019
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 […]
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12 local 330 health centers split $7.8M from U.S. Dept. of Health
September 13, 2019
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 […]
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Science Trust bestows $3.1M in grants to 26 science, tech projects
September 13, 2019
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 […]
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Dept. of Economic Development to promote P.R. as mega-yacht destination
September 13, 2019
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. […]
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Gov’t to tackle expected $1.8b revenue loss from end of Law 154 tax credit
September 12, 2019
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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Cayo Blanco added to Vieques/Culebra ferry service, another vessel en route
September 12, 2019
The Puerto Rico Maritime Transportation Authority announced the addition of the Cayo Blanco ferry, which has a capacity for 600 passengers, to the Puerto Rico/Vieques route. Another ferry, the Coastal Explorer — owned by Puerto Rico Fast Ferries — will substitute the Schoodic Explorer as part of the new $10 million, one-year contract recently signed […]
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Plaza Guayama reinvents itself, becomes Céntrico
September 12, 2019
Following a multimillion-dollar investment, and as part of the celebration of its 25th anniversary, Plaza Guayama has reinvented itself with a new brand — Céntrico. The change responds to a corporate vision aimed at continuing to evolve according to global industry trends. This native Puerto Rican commercial property presents a new and wider community concept, […]
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Manufacturing sector underscores commitment as P.R.’s economic backbone
September 11, 2019
Members of Puerto Rico’s manufacturing sector, whose contributions to the local economy represent 57% of the Commonwealth’s adjusted gross income, reiterated their commitment to the island, jointly with the government. During a roundtable discussion, several public and private entities — the Department of Economic Development and Commerce, the Puerto Rico Manufacturers Association, Medtronic, Quesos Vaca […]
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Discover Puerto Rico to boost tourism through series of islandwide events
September 11, 2019
Looking to continue promoting the development of the tourism industry on the island, Destination Marketing Organization Discover Puerto Rico, announced it will be hosting a series of activities throughout the island during September. On Sept. 16-17, the entity will hold the “Annual Conference on Tourism,” where information, trends, and educational workshops will be presented to […]
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Statistics Institute joins forces with 2 agencies to estimate P.R.’s GDP
September 11, 2019
The Puerto Rico Institute of Statistics has joined forces with the Bureau of Economic Analysis and the Puerto Rico Planning Board to continue developing a project to estimate the island’s gross domestic product. To move the initiative forward, the Institute’s Interim Executive Director Orville Disdier traveled to the BEA’s Washington D.C.’s offices last week to […]
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Foundation for P.R. gets $291K grant to support businesses outside SJ metro area
September 11, 2019
The Foundation for Puerto Rico received a $291,000 grant from the Ewing Marion Kauffman Foundation to create a multi-stage incubation program for entrepreneurs in communities outside the San Juan metropolitan area. The program will begin next month in the Coamo-Ponce region, foundation officials said. This is the first time that a Puerto Rican entity receives […]
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P.R.’s DMO making an impact, but needs local communication strategy
September 10, 2019
The efforts of Puerto Rico’s Destination Marketing Organization, Discover Puerto Rico, are having repercussions outside the island’s shores, but more work and funding are needed to continue putting the island in the eye of visitors worldwide. Such were the impressions offered by four former Puerto Rico Tourism Co. executive directors — one of whom also […]
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Open Spaces turns to Supreme Court for access to gov’t tax exemption report
September 10, 2019
Nonprofit organization Open Spaces filed a motion before the Puerto Rico Supreme Court to overturn a decision by the Appellate Court to keep the government’s Report on Tax Reduction Agreements under seal. The report listing tax abatement agreements was prepared and delivered to the Financial Oversight and Management Board for Puerto Rico in July 2017. […]
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Liberty Foundation donates $25k toward relief efforts in The Bahamas
September 10, 2019
Liberty Foundation donated $25,000 to the C&W Charitable Foundation to help relief efforts in the islands struck by Hurricane Dorian as part of a joint effort by all the companies that make up Liberty Latin America (LLA.) The Liberty Foundation is also encouraging all Puerto Ricans who want to help the storm victims in the […]
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Weekend Wheels: 1st-ever Toyota Corolla hybrid model is both stylish and sassy
September 9, 2019
The Toyota Corolla, one of the automaker’s most iconic and enduring models, has made an unforgettable entrance in 2020 with a reimagined and reconfigured design that combines style and sass — offering something for everyone. During a recent weekend, this media outlet had the opportunity to test drive the Corolla XSE hybrid model — the […]
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