Discover Puerto Rico, Puerto Rico’s Destination Marketing Organization, announced the rollout of Puerto Rico’s brand campaign: “Have We Met Yet?” focusing on “the hospitable and welcoming nature of the island’s people.” By posing the question “Have We Met Yet?” the campaign seeks to reintroduce the island to the world and brings to life the exotic […]
A “business as usual” bond deal is about to be foisted upon Puerto Rico’s ratepayers and fledgling economy. It will result in a $400 million annual cash draw for at least the next 20 years. Think about wasting money on overpriced oil, political appointees and useless consultants over the last twenty years and then paying for […]
Puerto Rico has the opportunity to be a leader in the United States as it looks to enter the sports betting and online gaming market but needs to build upon their already strict regulatory structure that relies on suitable operators and a strong, experienced regulator that understands the existing legal market. Such were the findings […]
Puerto Rico will play host the 5th World Conference of Municipalities 2019 on May 10-12, a bi-annual forum organized by the U.S. Minority Chamber of Commerce. The three-day international conference will focus on the topic of economic, environment and urban development to be held at the Marriot Resort and Stellaris Casino in in San Juan. […]
Through executive order OE-2019-013 Puerto Rico Gov. Ricardo A. Rosselló shared with all government agencies and corporations his administration’s investment policy guidelines. The governor has charged the Fiscal Agency and Financial Advisory Authority (“AAFAF” by its initials in Spanish) with the responsibility of providing investment policy principles to each subdivisions and component of the government of […]
The Carolina municipal government has put an end to a 10-year-old legal fight with CH Properties for some 4 acres of pristine beachfront property, for which it paid $2 million, town officials announced. This resolution puts an end to litigation that will grant the municipality administration and maintenance of this part of the coast which […]
The Toyota Foundation opened its annual call for its Environmental Scholarships program that seeks to reward students seeking to become professionals in a field related to the environment — something it has been doing since 2005. The nonprofit awards scholarships to qualified students looking to contribute to the understanding and preservation of natural resources in […]
The Economic Development Bank for Puerto Rico got approved and will receive $1 million from the U.S. Department of Agriculture’s Rural Development office, EDB President Luis Burdiel announced. “This capital injection will be used to provide loans for small and medium enterprises in rural areas of the island to promote new job creation,” Burdiel […]
The American Psychological Association (APA) recently awarded Liberty Puerto Rico with its 2019 Psychologically Healthy Workplace Award, the provider announced. One of eight employers from across the United States and Canada received the distinction this year and Liberty won in the medium for-profit category, due to its efforts to “create a healthy, high-performing work environment,” […]
“Americans have always understood the material progress owed to capitalism, but for just as long, they have also insisted upon their democratic right to curb its excesses.” (Americana – Bhu Srinivasan) If this is Democratic Socialism, then it is pervasive in the United States and creeping up. Medicare for all and free college tuition are two […]
On behalf of Tishman, Newmark Knight Frank has arranged a $30 million floating-rate loan from Banco Popular for the refinancing of the Sheraton Old San Juan on behalf of its client Tishman, the companies announced. Tishman has been operating the nine-story, 240-room, hotel and retail property since 2004 and acquired the property in 2015. The […]
Creating a competitive free market for electricity in Puerto Rico was a recurring theme of the U.S. House Natural Resources Committee hearing held April 9th on the rebuilding and privatization of the Puerto Rico Electric Power Authority (PREPA). But the discussion of what a competitive electricity market would look like remained vague, along with details […]
The Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority, known as AFICA for its initials in Spanish, is planning to issue $23 million in debt to finance a project planned by the Inter American University of Puerto Rico. The upcoming public hearing that will take place at the Fiscal Agency and […]
Dairy plant Vaquería Tres Monjitas announced a $7.5 million investment in its operations to launch a new fresh milk product that will have a shelf life of more than 30 days. In doing so, it will become the first dairy producer in the world to use cutting-edge technology to extend the life of a highly-perishable […]
The Puerto Rico Housing Finance Authority announced its support of the Haciendas Village social-interest housing complex in Caguas, to be developed at a cost of $20.8 million. The 91-unit planned community will be located in the Tomás de Castro sector of the town and will be the first to be built with solar panels to […]
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