Starbucks Puerto Rico unveiled its new “Starbucks Express,” mobile coffee shop concept — the first of its kind in Latin America and one of the few in the world, company executives said. Starbucks Express joins the 26 stores that the company has on the island. Weighing in at 16,000 pounds and measuring 32 feet long […]
Last month, the Puerto Rico Electric Power Authority filed its long-anticipated integrated resource plan – a 20-year plan for the transformation of the island’s power generation system – with its regulator, the Puerto Rico Energy Bureau. In the plan, PREPA details various scenarios for the build-out of generation infrastructure and a five-year action plan of […]
New York Fed President John Williams urged Puerto Rico to leverage its natural, cultural and human resources to create a sustainable, strong, vibrant and prosperous economy for future generations. During his two-day visit to Puerto Rico and the U.S. Virgin Islands — which fall under his agency’s jurisdiction — Williams participated in a conversation with […]
By Jeniffer Wiscovitch-PadillaCenter for Investigative Journalism The U.S. Department of Housing and Urban Development’s Office of the Inspector General (HUD’s OIG) confirmed it is auditing the Community Development Block Grant–Disaster Recovery (CDBG–DR) Program funds granted to Puerto Rico after Hurricanes Irma and María. HUD Spokesman Darryl Madden told the Center for Investigative Journalism (CPI, for […]
Vaquería Tres Monjitas inaugurated a new distribution center in Mayagüez, in which it invested $1.8 million to expand its operation in the western area and supply the regions’ market quicker and more efficiently, company officials said. The new 20,000 square-foot facility, including 8,000 square feet of refrigerated space, has the capacity to store 500 tons […]
Walmart Puerto Rico announced the launch of Rumgria “The Best of Both Worlds,” its private label sangria manufactured by local company R ‘Brothers, LLC, creator of the Sangría artisanal Los Hermanos. In making the announcement, Viviana Mercado, senior manager of corporate affairs at Walmart Puerto Rico, said with Rumgría, “the company continues to expand the […]
The Puerto Rico Builders Association (PRBA) and Grupo Guayacán Inc. (GGI) announced the call for applications for the third annual PRBA-Guayacán Fellowship which will sponsor the participation of up to two PRBA members in the 2019 Guayacán Venture Accelerator (GVA). The GVA is an executive education and development program for companies established in Puerto Rico seeking […]
Businesses “must plan and always be prepared” for emergencies and strategize to guarantee the continuity of operations in the wake of a natural disaster. Ernesto Morales, responsible for the National Weather Service Emergency Notifications, Economist Carlos Colón de Armas, Benjamin Nieves, expert in public safety and emergency management, and WorldNet Telecommunications Commercial Director Javier Santos, […]
Looking to promote domestic tourism and motivate residents to vacation on the island, the Puerto Rico Tourism Co. unveiled its newest promotional campaign, entitled “Voy Turisteando.” Tourism Co. Executive Director Carla Campos presented “Postales,” the first internal tourism ad campaign under the “Voy Turisteando” brand. “During 2018, a total of 505,740 residents stayed in traditional […]
Puerto Rico Gov. Ricardo Rosselló is expected to to sign a bill to radically transform the island’s economy with renewable energy as the central pillar. Senate Bill 1121, known as the Puerto Rico Energy Public Policy Act, will set the island on a path to 100 percent renewable energy by 2050, lawmakers said. The bill makes […]
Delta Air Lines is preparing to accommodate increased holiday demand by adding larger aircrafts to serve the Atlanta-San Juan route, the carrier announced. The route will operate one of its four daily flights with an Airbus A330-300 aircraft. “From Thanksgiving through the winter season, visitors flock to Puerto Rico to experience its vibrant culture, biodiversity, […]
As part of “HP Experience Day” held in San Juan Tuesday, the technology company introduced its most recent security, computer, and printing innovations featuring solutions focused on keeping cyber attacks at a minimum. As reported, a cyber attack is registered every 39 seconds and the damage resulting from cyber crimes will cost $6 billion worldwide […]
Puerto Rico’s economic freedom is somewhat limited, scoring 61 out of 100 points in the Economic Freedom Index (EFI) Report for 2018, unveiled by the Center for Economic Renewal, Growth and Excellence. As a result, its potential for economic growth is being affected by a challenging business climate, high taxes and recurring fiscal deficits. Such […]
The Central Office of Recovery, Reconstruction and Resiliency (known as COR3) will take over in April the responsibility to review and reimbursement approval of federal recovery funds from the Federal Emergency Management Agency, government officials announced. This agreement comes after “extensive effort on the part of Puerto Rico to work with FEMA and establish robust […]
Facebook and accelerator parallel18, an initiative of the Puerto Rico Science, Technology, and Research Trust, are partnering to launch “Startup Hub Caribbean,” a program that will support 10 technology startups that have outsized social impact potential and are focused on improving the lives of communities across the Caribbean. Startups selected for the program will receive […]
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