Puerto Rico’s private sector has a one-month window — between Sept. 6 and Oct. 1 — to deliver their proposals to the Congressional Task Force on Puerto Rico to spur economic development initiatives for the island, former Republican Congressman Jerry Weller, said Tuesday.
Parallel18, a San Juan-based international accelerator for high impact innovative enterprises that want to scale their businesses from Puerto Rico, selected 33 startups that will move to the island for five months to accelerate their companies and learn from business and technology experts worldwide.
Bonistas del Patio Inc., which groups Puerto Rican bondholders holding about $15 billion in Commonwealth debt, called Gov. Alejandro García-Padilla’s decision to sign a law to restruction the Government Development Bank’s outstanding debt “irresponsible and illegal.”
PR Business Link, an organization that caters to recipients of government incentives through Acts 20/22, on Monday launched a new “Tax Incentive Calculator,” an online tool to help entice new investors and businesses to Puerto Rico, which will bring new and increased business to local companies.
WASHINGTON — In the past 12 months, it’s become fashionable to equate Puerto Rico’s fiscal meltdown with the recent Greek tragedy in which a proud nation of 11 million inhabitants nearly got kicked out of the 28-member European Union.
The construction of the University of Puerto Rico’s Comprehensive Cancer Center Hospital is nearing the home stretch, with more than 85 percent of it already completed and a target end date of October.
The new regulations for medical cannabis recently adopted by the Puerto Rico Department of Health set more flexible ownership requirements for all cannabis establishments, create new licenses for cannabis transportation, storage and distribution while opening new opportunities for the growing medical tourism sector.
Constructora Santiago II, Corp., Centro Cardiovascular and Hospital Del Maestro have agreed to pay $132,000, collectively, to the United States to resolve allegations that each falsely certified to the Nuclear Regulatory Commission that it was a small business entity to pay reduced nuclear material handling fees.
GREY Puerto Rico just launched GREY Shopper, a specialized business unit for Shopper Marketing, a practice that focuses on developing experiences to bring brands and shoppers together.
The Fundación Fondo Acceso a la Justicia Inc., a legal-assistance organization based in Guaynabo, is receiving more than $11.8 million from a Bank of America mortgage settlement with the U.S. Department of Justice and six states, said Eric D. Green, independent monitor of the Aug. 2014 case.
Augustine "Augie" L. Cavallaro II, founder of WOSO Radio in San Juan, died on June 11, 2016 in West Palm Beach, Florida after a long battle with cancer. He was 85.
This week marked the start of the “Advancing Public Health Leadership in Times of Crisis Program,” which will be conducted through the summer to equip public health leaders with tools respond to Puerto Rico’s on-going fiscal, economic and social crisis, organizers said.
Children and youth in Puerto Rico continue to live in families facing enormous economic challenges, with some 84 percent residing in areas of extreme poverty and the parents of more than half lacking full-time, year-round employment.
The Associated General Contractors of America, Puerto Rico Chapter (AGC-PR) on Monday blasted Senate President Eduardo Bhatia for withdrawing the Puerto Rico Aqueduct Authority Revitalization Act, saying holding off on its approval “is an attack on the island’s welfare and the future of the construction industry.”
National Public Finance Guarantee Corporation, an indirect subsidiary of MBIA Inc., filed a complaint Wednesday challenging the Puerto Rico Emergency Moratorium and Financial Rehabilitation Act, asking the court to invalidate it.
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