Medical cannabis industry steadily taking off in P.R.
August 15, 2016
Step by step, Puerto Rico’s medical cannabis industry is getting off the ground. It promises benefits for patients and opportunities for entrepreneurs to create new companies and jobs.
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Coliseo de Puerto Rico has record-breaking Fiscal ’16
August 11, 2016
The Coliseo of Puerto Rico Jose Miguel Agrelot wrapped up Fiscal 2016 — one of its most successful in its 12-year history — with 103 events, which accounted for a total attendance of more than 700,000 guests and more than $35 million in gross ticket sales, venue officials announced Wednesday.
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PathStone opens 1st senior housing project in Utuado
August 11, 2016
PathStone, a nonprofit organization, recently inaugurated “Valle Dorado,” a senior housing building with an associated $6.5 million investment in the town of Utuado.
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Popular going forward with $30M ‘Urban Hub’ project
August 9, 2016
At a time when major construction projects in Puerto Rico are at a standstill, Popular Inc. is moving forward with its $30 million Urban Hub project in Hato Rey, where several pieces were installed over the weekend.
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Cemex de P.R. to pay nearly $300K in penalties
August 5, 2016
The U.S. Department of Labor’s Mine Safety and Health Administration announced Thursday that cement producer CEMEX de Puerto Rico has agreed to pay $291,722 in penalties.
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Expert: P.R. must work quickly in DC in coming months
August 4, 2016
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.
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33 startups chosen for Parallel18’s second cohort
July 29, 2016
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.
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Bonistas del Patio blasts GDB debt restructuring law
July 28, 2016
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.”
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PR Business Link launches ‘Tax Incentive Calculator’
July 26, 2016
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.
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Greece: An example for P.R. to follow rather than fear?
July 22, 2016
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.
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P.R.’s Comprehensive Cancer Center nears completion
July 21, 2016
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.
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Medical cannabis regulation changes create new picture
July 19, 2016
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.
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3 P.R. co.’s busted for falsely declaring small biz status
July 18, 2016
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.
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GREY P.R. launches ‘Shopper Marketing’ business unit
July 14, 2016
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.
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P.R. legal-assistance firm gets $11.8M in BofA settlement
July 6, 2016
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.
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