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Puerto Rico’s construction industry is growing in 2025 despite rising material costs and new tariff pressures. (Credit: Mira Agron | Dreamstime.com)
Economy, Featured
Construction index grows but price pressures persist
NIMB Staff September 12, 2025

Industry activity rises in 2025, though tariffs, spending cuts and material costs raise concerns for long-term stability. #NewsismyBusiness

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Economic Development and Commerce Secretary Sebastián Negrón-Reichard announces the unlocking of $1.4 billion in Opportunity Zone investments in Puerto Rico.
Featured, Government
Puerto Rico unlocks $1.4B in Opportunity Zone projects
Maria Miranda September 11, 2025

DDEC clears path for 2,000 jobs in 13 municipalities. #NewsismyBusiness

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Banco Popular de Puerto Rico filed a complaint in federal court to enforce a maritime lien against the vessel M/V Tatonka 2 over an alleged loan default. (Credit: Alexei Novikov | Dreamstime.com)
Featured, General Biz News
Banco Popular seeks foreclosure on vessel M/V Tatonka 2
NIMB Staff September 11, 2025

Bank claims $584K debt in ship mortgage default, requests seizure. #NewsismyBusiness

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Hotel Villa Cofresí in Rincón is marking its 60th anniversary with a $3 million expansion project.
Featured, Tourism/Transportation
Villa Cofresí marks 60 years with $3M expansion plan
NIMB Staff September 11, 2025

Rincón hotel to add rooms, solar system, event spaces and upgrades. #NewsismyBusiness

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A Mastercard study found 86% of Puerto Rico small and medium-sized businesses rank trust as the top factor in selecting digital payment providers. (Credit: Pressureua | Dreamstime.com)
Featured, General Biz News
90% of Puerto Rico SMEs see growth with digital payments
NIMB Staff September 11, 2025

Mastercard survey highlights adoption trends, benefits and needs. #NewsismyBusiness

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Raúl Márquez-Hernández, former Puerto Rico secretary of state and current legislative adviser for the Puerto Rico Tourism Co., testifies before the House Tourism Committee on room tax proposals.
Featured, Tourism/Transportation
Fight brews over Puerto Rico hotel tax money
Maria Miranda September 10, 2025

Lawmakers propose funding police, Porta del Sol. #NewsismyBusiness

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Featured, Government
Puerto Rico reviews plastic bag ban: Did it really work?
Maria Miranda September 10, 2025

Senators debate consumer costs and environmental impact. #NewsismyBusiness

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Travelers arrive at Luis Muñoz Marín International Airport, which handled nearly 1.2 million passengers in August, a 4.6% increase from a year earlier. (Credit: Discover Puerto Rico)
Featured, Tourism/Transportation
LMM airport sees 4.6% passenger growth in August
Michelle Kantrow-Vázquez September 10, 2025

International traffic rises 13.7% as the Luis Muñoz Marín International Airport strengthens role as island’s main gateway. #NewsismyBusiness

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Graduates of Ironhack’s Puerto Rico program completed courses in web development, data science, Java backend, user experience and user interface design, and artificial intelligence engineering.
Featured, Telecommunications/Technology
Ironhack, DDEC boost Puerto Rico’s digital workforce
NIMB Staff September 10, 2025

A total of 364 graduates and new AI, cybersecurity training mark progress under 21st Century Techforce initiative. #NewsismyBusiness

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Puerto Rico’s economy slowed in June after spring growth helped by Mother’s Day sales and end-of-school events.
Economy, Featured
Puerto Rico’s economy shows signs of slowdown in June
NIMB Staff September 10, 2025

Composite indicators reflect tempered growth and easing recession risks despite inflationary pressures. #NewsismyBusiness

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A map of Puerto Rico’s census tracts in federal Opportunity Zones, shaded blue, which cover about 98% of the island. Yellow areas are not designated. (Credit: Puerto Rico Department of Economic Development and Commerce)
Featured, Government
Puerto Rico nears deadline on Opportunity Zone changes
Maria Miranda September 9, 2025

Law makes program permanent, adds rules and 2026 redesignation. #NewsismyBusiness

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Jesús Colón, managing director of C2S, speaks during the organization’s annual meeting in Puerto Rico on artificial intelligence.
Featured, Telecommunications/Technology
Puerto Rico hosts C2S tech forum with AI industry leaders
Michelle Kantrow-Vázquez September 9, 2025

HP, Microsoft and IBM join event linking innovation across the Americas. #NewsismyBusiness

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Bárbara Rivera-Chinea, program director of Fase1 Intensive
Featured, General Biz News
Fase1 Intensive Gen.4 showcases 47 projects at Demo Day
NIMB Staff September 9, 2025

Program awards $10,000 in prizes, announces new $25,000 seed fund. #NewsismyBusiness

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Ponce Health Sciences University dental students work with sargassum extracts as part of a project to develop seaweed-based toothpaste.
Education, Featured
PHSU tests toothpaste from sargassum bioactive extracts
NIMB Staff September 8, 2025

Dental students join research turning algae into oral health innovation. #NewsismyBusiness

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The House Commission on Banking, Insurance and Commerce, chaired by Rep. Jorge “Georgie” Navarro-Suárez, held a public hearing on House Bill 147.
Banking, Featured
Banking bill to mandate full online services raises alarm
NIMB Staff September 8, 2025

Industry warns House Bill 147 could hurt seniors and strain banks’ resources. #NewsismyBusiness

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QUOTE OF THE WEEK:

“These batteries will allow us to respond more efficiently to demand fluctuations, reduce our dependence on fossil fuels and support the integration of new generation technologies. This translates into greater stability and fewer outages for our communities.”

 

— Iván Báez, vice president of public and government affairs, Genera PR

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