Economists from Boston-based Reeve & Associates and San Juan-based Estudios Técnicos Inc. released a joint report, “The Impact of the Jones Act on Puerto Rico,” that concluded the Jones Act has no impact on either retail prices or the cost of living in Puerto Rico.
Although the financial crisis in Puerto Rico has not yet taken a drastic swing of balance in a positive direction, that hasn’t stopped Facebook from identifying opportunities that are available on its plaform for small and medium businesses to expand their operations.
With a combined investment exceeding $1 million, five new retailers will make their debut at Plaza Las Américas — three international and two local businesses, mall officials confirmed.
The U.S. Department of Agriculture announced that agricultural producers in Puerto Rico affected by Hurricane María in 2017 may now apply for assistance to help recover and rebuild their farming operations.
Puerto Rican firm Momentum Creative Lab LCC announced the launching of a disruptive technology, Gardien Alert, designed to send an alert when a child is left behind in a car, as well as the protective seat that also meets this need.
The Federal Emergency Management Agency awarded more than $140 million in Public Assistance grants for Hurricane María recovery in Puerto Rico, the agency announced..
Print 1, a commercial printing business in Las Piedras, recently received a $6.7 million line of credit from FirstBank for the purchase of assets and working capital to expand their facilities, the company stated.
It has been nearly eight years since News is my Business was launched as Puerto Rico’s first online-only, English-language newspaper, to give a voice to individual entrepreneurs and large multinational corporations looking to push the island’s economy forward.
The Strategic Group, P.R., a private equity firm based in Dorado Beach, Puerto Rico, has announced it has acquired all outstanding interest it did not previously own in Alpharetta, Georgia-based Ascenda BioSciences, LLC (formerly DRG Laboratory) through an affiliated special purpose acquisition vehicle.
The Puerto Rico Community Foundation (PRCF), Oxfam America, and Bosque Modelo have joined to launch a project to strengthen approximately 10 rural community aqueducts in the island’s central area that were affected by Hurricanes Irma and María in 2017.
The law that Puerto Rico enacted last month to privatize the Puerto Rico Electric Power Authority has many flaws, including labor protections that are too weak, an unnecessary restructuring of the Puerto Rico Energy Commission and a lack of commitment to strong energy planning, the Institute for Energy Economics and Financial Analysis affirmed.
While Puerto Rico needs to jumpstart its job market and create new sources of employment, the Financial Oversight and Management Board for Puerto Rico’s proposal to align the island’s labor landscape with that of the U.S. mainland “misses critical points of the [island’s] very particular economy.”
As a precautionary measure due to the shortage of foods and supplies thanks in large part to Hurricane María on the island, large chain supermarkets, Econo and Selectos have opted to be better prepared for the upcoming hurricane, set to affect Puerto Rico as soon as this Monday.
America Cruise Ferries, the company that connects Puerto Rico and the Dominican Republic by sea, has signed a letter of intent with the Puerto Rico Ports Authority to invest some $15 million to redevelop Piers 15 and 16 at the San Juan port.
Veteran traveler and investor Keith St. Clair formally announced his plans for the first phase of what will become the Puerto Rico Film District that is set to be completed as early as December 2019 behind the Puerto Rico Convention Center.
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