$41.7M Ceiba terminal project, new ferries to improve service
October 7, 2024
Puerto Rico’s ferry fleet will expand with four vessels to improve service to Vieques and Culebra. #NewsismyBusiness
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Puerto Rico’s agriculture insurance program fails to address storm losses, leaving farmers vulnerable
October 7, 2024
Neither the Agriculture Secretary nor lawmakers have moved to update the Agricultural Insurance Corporation’s policies to reflect Puerto Rico’s current climate realities. #NewsismyBusiness
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HUD announces nearly $34M in new housing investments in Puerto Rico
October 4, 2024
New awards will support climate resilience and energy efficiency renovations. #NewsismyBusiness
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Police Dept., Aerostar sign agreement for new $8M HQ for FURA
October 4, 2024
Construction will take between 18 and 24 months. #NewsismyBusiness
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Global Crossing Airlines launches Chicago-San Juan cargo service via Airblox
October 4, 2024
The new route begins Oct. 10. #NewsismyBusiness
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Lawsuit shines spotlight on new federal rule for employee status
October 3, 2024
The U.S. Department of Labor sued a Puerto Rico security firm for misclassifying workers. #NewsismyBusiness
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September bankruptcy filings in Puerto Rico up 21.3% YOY
October 3, 2024
These are preliminary numbers for last month’s movements at the U.S. Bankruptcy Court, Boletín de Puerto Rico stated. #NewsismyBusiness
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CPI: Uncertainty over federal funding puts Puerto Rico’s flood-prone power substations at risk
October 3, 2024
COR3 holds FEMA responsible for excluding that multimillion-dollar expense because of the methodology it used to estimate the damage to the electrical system after Hurricanes Irma and María. #NewsismyBusiness
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Puerto Rico Bankers Assoc.: Study shows sector’s solid financial health
October 2, 2024
A V2A Consulting study found strong asset quality and capitalization in local banks, which are also driving socioeconomic development. #NewsismyBusiness
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Marxuach Precast expands operations with $7M investment
October 2, 2024
The prefabricated concrete manufacturer received a $1.5 million incentive from the Puerto Rico Economic Development and Commerce Department. #NewsismyBusiness
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Oriental, Puerto Rico Community Foundation open donations round
October 2, 2024
Nonprofits with incubation and/or acceleration programs may request donations from the Oriental Fund. #NewsismyBusiness
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T-Mobile to pay $16M penalty as part of cybersecurity settlement with FCC
October 1, 2024
All major wireless carriers in the U.S. are now required to invest to protect consumer data and privacy. #NewsismyBusiness
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Courtyard by Marriott opens $30M hotel in Santo Domingo’s financial district
October 1, 2024
The 160-room, 18-story property was developed by Real Hotels and Resorts and opened earlier this year. #NewsismyBusiness
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Boys and Girls Club of Puerto Rico’s new leader brings business savvy
October 1, 2024
Alma Frontera took over the nonprofit’s presidency last month. #NewsismyBusiness
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As interest rates start to drop, Puerto Rico home sales to remain sluggish — for now
September 30, 2024
Home sales in Puerto Rico fell 4% year-over-year to 10,479 units in 2023, according to the Office of the Commissioner of Financial Institutions. #NewsismyBusiness
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