Inflation increases costs for flipping homes in Puerto Rico
July 1, 2024
Investors face rising material and labor expenses as well as challenges with abandoned property. #NewsismyBusiness
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La Granja Guajataca launches website for online shopping
July 1, 2024
The Quebradillas-based business expands to cater to the Puerto Rican diaspora as well. #NewsismyBusiness
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FEMA awards $1.2M for preservation repairs in Cabo Rojo
July 1, 2024
FEMA has allocated more than $614 million for nearly 1,500 permanent work projects in Puerto Rico following Hurricane Fiona. #NewsismyBusiness
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Lockheed Martin, Infosys BPM announce expansions, new jobs in Aguadilla
June 28, 2024
Both aerospace industries have had a long-standing presence in Puerto Rico. #NewsismyBusiness
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Gong cha bubble tea brand signs 30-unit deal to expand in Puerto Rico
June 28, 2024
Following the openings of the first locations this spring, SID Tea LLC plans to significantly expand its presence on the island. #NewsismyBusiness
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CUD Business Journey 2024: Effective platform for idea exchange
June 28, 2024
Next on the agenda is the “Step up your business” event to be held in Puerto Rico Aug. 30 to Sept. 1, to continue strengthening commercial ties between the two regions. #NewsismyBusiness
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Management Group Investors sues DomRep’s airport operator for $8M
June 27, 2024
The lawsuit was filed in the U.S. District Court for the District of Puerto Rico. #NewsismyBusiness
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Puerto Rico’s credit unions maintain asset quality despite economic uncertainty
June 27, 2024
The Credit Union Industry Financial Stability Index, prepared by Estudios Técnicos, reflects improvement in 2024. #NewsismyBusiness
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Prodapt to open $2M engineering center in San Juan creating 200 jobs
June 27, 2024
The new facility will deliver mission-critical services including support for government contracts. #NewsismyBusiness
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CLEAR expands TSA PreCheck service to Muñoz Marín Int’l Airport
June 26, 2024
The SJU airport already has CLEAR stations in two terminals, which are now equipped with TSA PreCheck enrollment tools. #NewsismyBusiness
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Iberia to increase seat capacity to Puerto Rico by 30% in 2024
June 26, 2024
The seat capacity boost on Iberia’s flights connecting Spain and Puerto Rico is due to the scheduling of a daily flight for most of 2024. #NewsismyBusiness
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Puerto Rico’s unemployment rate at 5.8% in May
June 26, 2024
The labor-force participation rate, not seasonally adjusted, for May 2024 was estimated at 44%, which is 3.6 percentage points more than as of January 2021. #NewsismyBusiness
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USACE unveils $252M plan to manage coastal storm risk in Ocean Park, Rincón
June 25, 2024
In Rincón, USACE proposes buying about 70 “vulnerable structures” along the coastline, including a portion of Villa Cofresí, to complete the project. #NewsismyBusiness
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Fase1 Intensive program launches 3rd generation with 50 new entrepreneurs
June 25, 2024
The Puerto Rico Science, Technology and Research Trust supports innovative local startups with its new business incubation program. This story is brought to you by Lexus Puerto Rico, www.lexuspr.com. #NewsismyBusiness
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Chick-fil-A announces new Ponce restaurant to open June 27
June 25, 2024
The Chick-fil-A La Rambla restaurant will bring approximately 120 full and part-time jobs to the community. #NewsismyBusiness
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