Citizens residing in the northeast area of Puerto Rico who wish to develop a business idea will have the opportunity to participate in a business incubation program free of charge, as part of an initiative driven by several local nonprofits. The program consists of three cycles — pre-incubation, incubation and certification — begins on Mar. […]
Puerto Rico’s Senate and House of Representatives are finalizing an energy policy bill that amends the existing privatization plan for the Puerto Rico Electric Power Authority. One of the remaining issues is whether to require future private utility owners to honor existing PREPA collective bargaining agreements with labor unions. The legislature should protect these agreements. […]
EGO, a footwear chain based in the Dominican Republic, has opened its first store in Puerto Rico, at the Plaza Las Américas shopping center in Hato Rey. In an exclusive interview with this media outlet, EGO co-Partner Luis Torres, said the new 2,300 square-foot store entailed a $100,000 investment and is the first of four […]
Puerto Rico Resident Commissioner Jenniffer González encouraged those affected by hurricane Maria who have not requested assistance yet from the Small Business Administration (SBA) to do so, as the agency continues accepting late applications under certain requirements. Individuals may apply for assistance by calling the SBA offices in Puerto Rico or the FEMA Community Resource […]
Journalists from different media outlets in Puerto Rico participated in a seminar hosted by the Center for a New Economy (CNE) on the concepts and changing language used in the media coverage of the energy sector. The activity was designed in response to the abundant media coverage on the direction of the transition of the […]
British investor and developer Keith St. Clair, along with project partners and government officials, broke ground on what will be the $50 million Zafira hotel and time share property in Vieques. “Zafira, is a new beginning for Vieques, we want all tourists who come to Puerto Rico to know the wonders and the charm of […]
The Board of Directors of Invest Puerto Rico (InvestPR) has appointed Rodrick T. Miller as CEO to lead the nonprofit entity’s mission to attract new businesses and investment capital to the island. Atop the new CEO’s immediate priorities will be to deepen InvestPR’s relationships with its private sector partners on the island, finish the organization’s […]
Liberty Puerto Rico added 31,000 revenue generating units (RGUs), or clients during the fourth quarter of 2018, and reported a 5 percent revenue growth for the entire Fiscal Year 2018, according to its most recent financial results. The results were driven in part by the company’s focus on providing products and services that represent a […]
Evertec Inc. announced results for the fourth quarter and full year ended Dec. 31, 2018, reporting net income of $20.2 million and $86.3 million, for the respective periods. During the last quarter of 2018, GAAP Net Income attributable to common shareholders represented or $0.27 per diluted share, compared with $5.8 million or $0.08 per diluted share […]
Integrated services center Vimenti by Boys & Girls Club of Puerto Rico presented the results of its three programmatic areas obtained during its first semester of operation, as well as the center’s impact in the Ernesto Ramos Antonini housing project community. Through its educational program, its social program and its economic development program, Puerto Rico’s […]
The Flamboyán Foundation announced that it has opened the Flamboyán Arts Fund public grant application after the run of Hamilton in Puerto Rico, which raised more than $14 million for the fund. The grant application will close March 31st and awards will be announced in the spring. Details are available on the Flamboyán Foundation website. […]
The cost of transportation of goods between Puerto Rico and the U.S. mainland has a “devastating impact” on the local economy estimated at $1.5 billion in lost activity, according to two independent investigations unveiled today. The study to determine the “real and transparent data” on the effect of cabotage laws in Puerto Rico, was commissioned […]
Jet Aviation, a wholly owned subsidiary of General Dynamics, acquired full ownership of the San Juan fixed-base operator (FBO) at Luis Muñoz Marin International Airport in Puerto Rico, a provider of premium business aviation services at the facility. Jet Aviation has been operating the San Juan FBO under a management agreement with the previous owner, […]
The Central Office of Recovery, Reconstruction and Resiliency, known as COR3, unveiled its “transparency portal,” or the website created to provide information about Federal Emergency Management Agency funding to be used to rebuild Puerto Rico in the wake of Hurricane María. COR3 Executive Director Omar Marrero said the website will be updated regularly, as FEMA […]
The 12th edition of Saborea Puerto Rico, a culinary extravaganza is slated to take place April 4-7 at the Carolina public beach, organizers announced. “For the twelfth time, we’re coming back with Saborea Puerto Rico, a culinary extravaganza, the event that undoubtedly places Puerto Rico on the map for lovers of good food,” said Clarisa […]
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