Puerto Rico is once again playing host to the third annual Yees Lean, Leadership & Innovation Event, April 8-11 at the Vivo Beach Club in Isla Verde. Young Entrepreneurship Education System, or Yees, is a company dedicated to high impact business education, which together with Toyota Connected and the Navy, will hold workshops for a […]
The Casino Metro at the Sheraton Hotel at the Convention Center District in Miramar, inaugurated a $2 million expansion that adds 41 new slot machines and eight gaming tables. As this media outlet reported, the expansion — the first since the casino opened in 2009 — will represent new full-time jobs, 45 in total, of […]
The Center for a New Economy, which has analyzed Puerto Rico’s energy sector for 15 years, convened local and international leaders to rethink the island’s outdated energy model and define a new vision for a sustainable energy future during its “Black Start: The Future of Energy Summit” at the Puerto Rico Convention Center in San […]
The U.S. Treasury has submitted a report with recommendations to transform Puerto Rico’s property tax system, including the potential elimination of the controversial inventory tax, Raúl Maldonado, the local administration’s CFO said. Maldonado, who is also Puerto Rico Treasury Secretary, shared the content of the report with members of the United Retailers Association, the School […]
The Bank of Nova Scotia, parent company of Scotiabank de Puerto Rico, has sued the government’s Metropolitan Bus Authority for defaulting on some $32 million in a revolving credit and term loan agreement. Furthermore, the bank has asked the San Juan Superior Court to issue an order for a “provisional embargo and prohibition of alienation […]
People invested in Puerto Rico’s long-term disaster recovery efforts face many obstacles, including — but not limited to — debt, recession, stronger hurricanes, utilities, and sovereignty. All these challenges require robust, independent, and trustworthy socio-economic data to lay the foundation for successful private investment and public policy, according to a paper written by a team […]
Destination Marketing Organization Discover Puerto Rico presented the first industry report of the year, highlighting efforts and successes accomplished to reposition the island’s brand, and establishing priorities in which they will focus to continue strengthening the market abroad in 2019. In front of an audience of nearly 400 professionals from the tourism, travel and convention […]
Looking to support companies in the food sector to comply with the Food Safety Modernization Act, the Puerto Rico Manufacturing Extension (PRiMEx) has launched a program to create food safety plans. The initiative will benefit up to 100 companies engaged in food preparation on a commercial scale, as well as the manufacture, processing, packaging, transport […]
The Federal Agency for Emergency Management approved the allocation of $1.4 million in funds under Category B of the Public Assistance Program for the Municipality of Guaynabo, the Central Office of Recovery, Reconstruction and Resiliency, known as COR3, announced. COR3 Executive Director Omar J. Marrero said, “under category B, funds approved by FEMA correspond to […]
With the purpose of advancing the agriculture industry through innovation, the most important conference on agricultural innovation and technology will take place on Saturday, April 6, in the Puerto Rico Convention Center, organizers announced. As in previous years, the event will connect, empower and strengthen relationships in and outside the industry to boost its contribution […]
The myriad benefits of cannabis for Alzheimer’s patients will be the subject of a special event for doctors, patients, caregivers and dispensary technicians to be held Mar. 30 at the Doubletree by Hilton Hotel in San Juan. Attending doctors will benefit by receiving two continuing education credit-hours free of charge, as part of the Puerto […]
FirstBank recently granted $6.5 million in financing to Air-Con Inc., a distributor of air conditioners and commercial refrigeration, for working capital guaranteed by its inventory and accounts receivables. Air-Con Inc., which has offices in Puerto Rico and the Caribbean, pioneered in introducing energy saving inverter products to Puerto Rico. It also developed its own Air-Con […]
As part of an initiative to highlight and support tourism, Discover Puerto Rico, Beautiful Destinations — a global tourism company — and Brand USA, the destination marketing organization for the United States included the island in its new campaign titled “United Stories.” This campaign will encompass an array of experiences that elevate, inspire and spur […]
In celebration of Women’s History Month, the Small Business Administration salutes women entrepreneurs who have taken risks in pursuit of their passions and who view setbacks or challenges as just another step to achieve something greater. Our agency and regional office, as well as our district offices throughout New York, New Jersey, Puerto Rico and […]
The Caribe Hilton has begun taking reservations for stays beginning May 15th, when it will unveil a more than $150 million restoration — a major milestone as the property celebrates its 70th year of operation and as Hilton marks its 100th anniversary. The iconic beachfront property has been closed since Hurricane María struck Puerto Rico […]
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