Fiscal health index shows most P.R. towns carry deficits
October 26, 2016
The majority of Puerto Rico’s 78 municipalities are in dire financial conditions, with more than half carrying deficits on their general funds, the Center for Integrity in Public Policy (CIPP) revealed in its third annual Financial Health Index.
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Omnicom Media Group launches Hearts & Science
October 26, 2016
Omnicom Media Group, the media services division of Omnicom Group Inc. announced Tuesday the launch of its third agency network in Puerto Rico: Hearts & Science (H&S).
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Guayacán, Science Trust kick off 4th I-Corps P.R. cohort
October 25, 2016
With 15 participating teams of innovators and entrepreneurs, Grupo Guayacán and the Puerto Rico Science, Technology & Research Trust launched the fourth edition of I-Corps Puerto Rico at the latter’s headquarters this weekend.
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César Castillo Inc. opening 3rd warehouse next month
October 20, 2016
Long-time third-party logistics provider César Castillo Inc. announced it will open its third warehouse in November after an investment of more than $1 million in equipment.
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Yale offers clinical research workshops in P.R.
October 20, 2016
After a successful first workshop delivered by Yale University in May 2016, the Yale Center for Clinical Investigation (YCCI) this week offered a series of workshops on clinical research to Puerto Rican researchers.
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Ponce’s San Lucas Hospital pumps $2.5M into facility
October 19, 2016
The Episcopal San Lucas Hospital in Ponce unveiled Tuesday a $2.5 million investment in its facilities, where it added a new Fetal Medicine Center, an Intermediate Emergency Room Unit, as well as new nuclear equipment.
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Backyard Bondholders balk at govt’s 10-year fiscal plan
October 18, 2016
Backyard Bondholders, a nonprofit group representing more than 60,000 individual Puerto Rican creditors holding about $15 billion in public debt, warned Monday that the government’s proposed 10-year fiscal plan would jeopardize future economic growth recovery.
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Foundation for P.R.: Visitor economy key to growth
October 14, 2016
Foundation for Puerto Rico presented Thursday its strategic vision to develop the island’s visitor economy as the first step toward the island’s economic transformation within the next five years.
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Manuel Cidre: Puerto Rico needs a CEO as governor
October 14, 2016
Cuban-born Manuel Cidre, a highly successful CEO who’s put off by the partisan bickering he says has crippled the island’s economy, wants to make Puerto Rico great again — so he’s running for governor as an independent.
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$89M District Live! project breaks ground in San Juan
October 13, 2016
District Live! — an $89 million entertainment project being developed next to the Convention Center in the Miramar sector of San Juan — was announced Wednesday by developers PRISA Group.
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P.R. entrepreneurs present econ. development proposals
October 12, 2016
Empresarios por Puerto Rico, a multi-sectoral organization that groups local-capital companies, presented specific economic development proposals to the Congressional Task Force on Economic Growth in Puerto Rico aimed to incentivize the island’s fiscal panorama.
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2nd edition of P.R. MedCann.Biz slated for Oct. 18-19
October 12, 2016
Looking to lay the groundwork to advance the growth of the medicinal cannabis industry, Puerto Rico will host the second edition of Puerto Rico MedCann.Biz, an interdisciplinary forum that will bring together all the components of this new treatment alternative for patients with debilitating medical conditions in the island.
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P.R.’s medical tourism sector nabs int’l award
October 7, 2016
Puerto Rico’s medical tourism recently nabbed the international spotlight, winning the 2016 Global Accreditation Destination of the Year Award from Medical Tourism Association (MTA) at the 9th World Medical Tourism Congress held in Washington DC last week.
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Probe reveals questionable aspects of PREPA bond issue
October 4, 2016
A pre-audit survey report released Monday by the Commission for the Comprehensive Audit of the Public Credit of Puerto Rico analyzing a $673 million bond issue by the Puerto Rico Electric Power Authority has raised a number of questionable aspects of the transaction completed in 2013.
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Creative industries represent 5.7% of P.R. sales activity
October 3, 2016
Creative industries — those dedicated to design, arts, media and services — generate nearly 70,000 jobs and $10 billion for the Puerto Rican economy, representing about 5.7% of sales generated by all companies on the island, the Puerto Rico Statistics Institute disclosed in a recent report.
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