Puerto Rico’s Urban Train to get $230M in resilience upgrades
September 19, 2024
The rehabilitation of 16 stations with federal funding involves new backup generators. #NewsismyBusiness
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Small businesses in Puerto Rico generated 44% of jobs over past 3 years
September 19, 2024
Companies that hire 50 or more employees represent 56% of local establishments, the Puerto Rico Economic Development Bank stated. #NewsismyBusiness
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FEMA: Puerto Rico has secured nearly $34B for 11,000 recovery projects
September 19, 2024
Most of the projects since Hurricane María struck in 2017 include hazard mitigation measures to improve infrastructure resilience. #NewsismyBusiness
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Lanco Manufacturing Corp. plans $42M expansion in San Lorenzo
September 18, 2024
The addition of a second manufacturing line will allow current production to be doubled. #NewsismyBusiness
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Puerto Rico Urban Train upgrades to be ready by December with new fare system
September 18, 2024
Free rides will continue until the new Automatic Fare Collection System is implemented, with “fare capping” planned for 2025. #NewsismyBusiness
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Partnership expands model for access to renewable energy for critical facilities
September 18, 2024
The Community Energy Resilience Initiative provides businesses and nonprofits that are considered critical facilities with access to financial capital. #NewsismyBusiness
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Furtivo Speakeasy celebrates Negroni Week with 5 new creative cocktails
September 18, 2024
Since its inception, Negroni Week has grown from 120 participating bars to thousands of bars and restaurants worldwide. #NewsismyBusiness
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Starwood Property Trust to develop $26M mixed-income complex in Ceiba
September 17, 2024
The Local Redevelopment Authority for Roosevelt Roads chose the proposal after an RFP process that drew only one interested group. #NewsismyBusiness
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Airbnb: Guests generated $1.4B for Puerto Rico in 2023
September 17, 2024
The short-term-rental company says tourism spending through its platform sustained 25,000 jobs. #NewsismyBusiness
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Pre18 offers $25K and mentorship to Puerto Rican startups
September 17, 2024
In the seventh edition of the pre-acceleration program, up to 30 local companies will receive business support to strengthen their proposals. #NewsismyBusiness
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FCC launches benefits for domestic violence survivors in U.S., Puerto Rico
September 16, 2024
Survivors can now make a request with their service provider to separate their mobile phone lines from family plans where the abuser is on the account. #NewsismyBusiness
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Puerto Rico’s fiscal year tax revenue hits record $13.4B
September 16, 2024
Treasury surpasses projections by $1.01 billion, driven by excise taxes and corporate income. #NewsismyBusiness
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Rideshare platform Uber launches Uber Teens in Puerto Rico
September 16, 2024
Only Uber drivers with the highest ratings and experience, as registered on the app, can accept ride requests from teen accounts. #NewsismyBusiness
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Puerto Rico Labor Dept. to launch $28M unemployment platform
September 13, 2024
The DELTA platform will streamline unemployment claims, employer services and fraud prevention. #NewsismyBusiness
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Puerto Rico gov signs bill exempting nonprofits from certificate fees
September 13, 2024
Nonprofits providing free services to government agencies will no longer pay for eligibility certificates. #NewsismyBusiness
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