Pharma Consulting Corp. marks 13 years of growth
August 23, 2016
Local multidisciplinary company Pharma Consulting Corp. is marking its 13th anniversary by strengthening its services in Puerto Rico, as well as its footprint in the Central and Latin American regions, company President Charil Pabón said Monday.
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Club Náutico de San Juan invests $1.5M in its future
August 22, 2016
A multi-million dollar investment, an upcoming fish tournament and an interest in FADs are currently on the radar of the Club Náutico de San Juan.
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P.R. business groups challenge power rate hike
August 19, 2016
A group of nine leading Puerto Rico industry and business associations on Tuesday filed a legal challenge against a Puerto Rico Energy Commission move to impose the first in a series of what they called “unlimited, blank check" rate increases under the Puerto Rico Electric Power Authority debt-restructuring agreement.
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Exec: No protocols makes P.R. reform ‘uncomfortable’
August 18, 2016
A lack of a formal intervention protocol, such as the ones in place in the U.S. mainland for governments in distress, is making Puerto Rico’s restructuring process “uncomfortable” and more challenging to address, an expert with 25 years of experience in reforming troubled public and private sector entities said Wednesday.
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7 PR trade groups to file case to block energy rate hike
August 17, 2016
Seven Puerto Rico trade groups will announce today the filing of a lawsuit to block what they call the “disastrous” rate hike proposed under the Puerto Rico Electric Power Authority restructuring deal.
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Grupo Guayacán launches 8th Venture Accelerator
August 16, 2016
Six Puerto Rico-based growth companies got together for the first time over the weekend as Grupo Guayacán, Inc. kicked-off the 8th edition of its Guayacán Venture Accelerator (GVA) program with a welcome meeting for its new participants, the organization announced Monday.
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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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