Employer-sponsored medical plan expenses could increase almost 8 percent worldwide this year, far exceeding the average general inflation of almost 3 percent, according to the “Global Medical Trends Rate Report 2019” released by professional services company Aon. It is estimated that the average increase in medical and pharmaceutical expenses for health plans during 2019, offered […]
Marnie Ferrer, a seasoned sales and marketing executive, is joining the News is my Business team as digital advertising advisor, bringing with her more than 25 years of experience in the field. Ferrer’s professional track record includes working in sales and marketing for media outlets as well as the private sector. Her experience includes positions […]
With support from the Economic Development Administration, the Puerto Rico Manufacturing Extension nonprofit launched the Business Resilience and Continuity program through which 350 manufacturing companies on the island will benefit from creating and having a business continuity plan. The project was achieved through an allocation of funds that PRiMEX requested and obtained from the EDA, […]
Part of the success of any business is to be able to count on capital that supports their growth and keeps the operations solid. In response to that Popular announced its 7th call for funding, business coaching and networking program, StartUp Popular. The application deadline is April 30, 2019. Since its inception, more than 85 […]
In a recent issue of News Is My Business (NIMB) an Op-Ed piece summarized a new study on the impact of the cabotage law on Puerto Rico. It is better than all previous ones, according to the co-author of the study, who modestly attributes this to the fact that they interviewed importers and not because […]
Autopistas Metropolitanas de Puerto Rico (metropistas) announced the closing of a $181 million bond issuance to partially refinance a portion of its short-term debt, in what constitutes one of the first bond issuances in the Puerto Rican infrastructure industry since the beginning of the economic recession and the devastation that left hurricane María. The bond […]
Destination Marketing Organization Discover Puerto Rico launched the island’s revamped tourism website, featuring a user-friendly layout and dynamic content designed to engage and persuade visitors to select the Island as a place to vacation or develop business events and conventions, executives said. This is an “important step” in the DMO’s brand repositioning process that will […]
Foundation for Puerto Rico has begun heading the meetings of focus sectors with members of the Whole Community Resilience Program, to define the databases and indicators needed to assess vulnerability in the communities, the nonprofit announced. These collaborative sessions will help examine the needs of all communities in Puerto Rico, with a comprehensive perspective of […]
In referring to the unfortunate ferry debacle last weekend resulting in the resignation of Director Juan Maldonado, Vieques Mayor Victor Emeric, was right — the problem is not the misuse of an idle cargo ferry, it’s the 50 years of criminal Maritime Transportation Authority (ATM, for its initials in Spanish) mismanagement that has plagued the […]
The iconic 22-story World Plaza building in Hato Rey is up for sale, with an initial asking price of $28 million, this media outlet confirmed. The property belongs to the Infrastructure Financing Authority, a government entity that picked up the asset from the Federal Deposit Insurance Co. in 2014, four years after former owner Westernbank […]
Our firm, Advantage Business Consulting, just concluded a study on the impact of the Jones Act on Puerto Rico that is much better than the two studies commissioned by the Jones Act Carriers (JACs) or even the one prepared by the General Accounting Office (GAO). It is not that we are geniuses at Advantage. It […]
Information systems and internet company Cisco Systems announced at the Mobile World Congress 2019 held in Barcelona that Puerto Rico is among the three jurisdictions selected in the Americas to advance transformation and technological acceleration projects. Telecommunications Bureau President Sandra Torres and Chief of Staff Ricardo Llerandi were present during the announcement during the congress. […]
Puerto Rico Resident Commissioner in Washington, Jenniffer González, announced the allocation of $95.3 million in federal funds from the Department of Health and Human Services for child care services and health services, and from the National Science Foundation for Research and the Agency Federal Emergency Management System for recovery expenses. The Office of Head Start of […]
By Michelle Kantrow-Vázquez Xavira Neggers-Crescioni, who had nearly three decades of experience as a business reporter in Puerto Rico,passed away over the weekend. She was 51. Her unexpected death has left her friends and colleagues with heavy hearts. On a personal level, aside from being one of the most incisive reporters I’ve known, Xavira was […]
Federal Medicaid funding has a critical role in providing affordable health care to the people of Puerto Rico, especially as the island works towards a sustainable recovery. But the vast difference in how Medicaid funding is calculated for Puerto Rico versus the 50 states is unfair, hurts more than a million American citizens, and prevents […]
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