Consortium for Clinical Investigation marks 1st year
April 6, 2017
The Puerto Rico Consortium for Clinical Investigation (PRCCI), an initiative created and promoted by the Puerto Rico Trust for Science, Technology and Research, marks the first year of operations this month, executives announced Wednesday.
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Roselló signs Permitting Reform Act, simplifies process
April 5, 2017
Gov. Ricardo Rosselló signed Tuesday the Permitting Reform Act (Law 19-2017), that seeks to streamline the permitting process for businesses and promote new investments, job creation, and economic development on the island.
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Paralle18 opens call for 4th generation of startups
April 5, 2017
Parallel18 (P18) announced Tuesday the launch of its fourth open call, directed to innovative projects with a global vision that have a functional prototype, and are in the process of scaling their sales or operations.
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Oversight Board to discuss P.R.’s economic development
March 31, 2017
The Oversight Board’s sixth public meeting taking place today at the Puerto Rico Convention Center will focus entirely on the topic of Puerto Rico’s economic development, the federally appointed body announced Thursday.
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Oversight Board names Natalie Jaresko as exec. director
March 24, 2017
The Financial Oversight and Management Board for Puerto Rico announced Thursday the appointment of Natalie Jaresko, a renowned finance and economics expert, as its new executive director.
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Moody’s: $450M cuts will be ‘difficult for UPR to absorb’
March 21, 2017
Moody’s Investor Service on Monday said the proposed $450 million in cuts to the University of Puerto Rico over the next three fiscal years are “credit negative because they will be very difficult for the university to absorb.”
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S&P affirms metropistas’ rating, keeps negative outlook
March 17, 2017
S&P Global Ratings on Thursday removed its CreditWatch negative placement on Autopistas Metropolitanas de Puerto Rico, LLC and affirmed its 'BBB-' rating on the company’s $435 million senior secured notes due 2035. The outlook is negative.
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Ticket Center marks 20th anniversary with new faciliities
March 15, 2017
Flanked by dozens of producers, artists, entrepreneurs and employees, Ticket Center — a local business dedicated to selling entertainment and sporting events in Puerto Rico — marked its 20th anniversary by inaugurating Tuesday its new facilities at La Terraza at the Plaza Las Americas mall in Hato Rey.
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Grupo Guayacán kicks off 11th edition of EnterPRize
March 14, 2017
Grupo Guayacán Inc. (GGI) announced Monday the official kick-off of its EnterPRize Business Competition which provides startups with access to an educational curriculum including workshops, mentoring, coaching, and the opportunity to compete for more than $100,000 in equity free seed capital from GGI and a group of corporate partners.
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P.R. Football Club kicking off 2nd season with high goals
March 13, 2017
The Puerto Rico Football Club is gearing up to start its second regular season, hosting more local games than last year, as team owners look to boost the visibility and performance of the young member of the North American Soccer League.
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Guayacán Venture Accelerator opens call for 9th edition
March 2, 2017
Grupo Guayacán, Inc. (GGI) announced Wednesday the start of their annual call for applications for the 9th edition of the Guayacán Venture Accelerator (GVA), an entrepreneurial education and development program for established companies seeking new growth opportunities.
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Piloto 151 to open 2nd location in Santurce this summer
March 2, 2017
This summer, Piloto 151, Puerto Rico’s first coworking space, will open a second location in the heart of Santurce with an undisclosed investment from fund RioBlanco Capital Management.
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Sotheby’s Int’l Realty expands presence in PR, DR
February 24, 2017
Sotheby’s International Realty is growing in the Caribbean with the establishment of a new office in Puerto Rico and the signing of a new partner in the Dominican Republic, the luxury real estate firm announced this week.
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New P3s association looks to boost P.R. infrastructure
February 24, 2017
The Public-Private Partnerships Association, a newly created organism that seeks to incentivize collaboration between the government and private sector on infrastructure projects, was formally unveiled Thursday.
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PR GO, COFINA bondholders spar over pending litigation
February 23, 2017
The COFINA Seniors Coalition on Wednesday filed a motion to join litigation already pending in the U.S. District Court in Puerto Rico — Lex Claims, LLC et al. v. Garcia-Padilla et al. — to expose what they called “meritless, self-serving claims brought by a litigious faction” of General Obligation ("GO") bondholders.
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