Former Rockefeller property in Dorado on sale for $8.5M
March 27, 2015
A historic 3.8-acre property on which Laurance Rockefeller built his estate within one of the Caribbean’s most coveted stretches of oceanfront land, Dorado Beach, is now on the market for $8.5 million, Trillion Real Estate Group announced Thursday.
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Colombia seeks more investment from the Caribbean
March 26, 2015
Colombia’s government promotion agency, Procolombia, is looking to boost foreign direct investment by attracting Caribbean investors who are looking to reach South America, as Colombia is a strategic export platform for the region, including Puerto Rico.
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Gov’t, private sector present at SelectUSA ’15 summit
March 24, 2015
Members of Puerto Rico’s economic development team and private sector representatives will participate this week in the SelectUSA Investment Summit, hosted by the U.S. Department of Commerce, to present a united front to promote foreign direct investment on the island.
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Former HP exec Crespo to lead P.R. Science & Tech Trust
March 20, 2015
Luz A. “Lucy” Crespo, who for more than three decades climbed the executive ladder at Hewlett-Packard in Aguadilla and was the first woman to become president of the Puerto Rico Manufacturers Association, has been named the new CEO of the Puerto Rico Science, Technology & Research Trust.
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Study confirms Puerto Rico elderly facing ‘harsh reality’
March 19, 2015
A study released Wednesday by the Pontifical Catholic University of Puerto Rico on current conditions the island’s elderly population is facing revealed that 40 percent of seniors 65 and older have incomes that place them at the level of extreme poverty.
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Co-op movement forming ties with Cuban counterparts
March 18, 2015
The Corporation for the Supervision and Insurance of Puerto Rico Cooperatives, known as COSSEC in Spanish, is moving forward in striking up talks with Cuban counterparts, to ultimately set off diplomatic relations between both islands, and other Caribbean jurisdictions.
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Political campaign contribution data available to public
March 13, 2015
As part of their efforts to promote and facilitate improved governance through greater transparency and civic participation, OPEN Puerto Rico and the Commonwealth’s Office of the Electoral Comptroller (OEC) announced Thursday the availability of a new tool to interact with the information available on political campaign contributions.
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Ciudadela begins construction of $108M 3rd phase
March 11, 2015
With a $108 million investment, Nicholas Prouty, managing partner of Putnam Bridge, announced Tuesday the beginning of construction of Ciudadela’s third phase, which will include five towers, commercial spaces and private amenities for residents.
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Caribbean Produce Exchange signs $800K expansion
March 11, 2015
Caribbean Produce Exchange, a distributor of fruit, vegetables and eggs in Puerto Rico, recently signed an agreement with Puerto Rico Trade and Export to pave the way for an $800,000 expansion of its storage and distributions facility.
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U.S. gov’t, Total Petroleum reach $1.6M settlement
March 10, 2015
Total Petroleum Puerto Rico Corp. and the U.S. government announced a settlement agreement Monday related to alleged company violations against the Resource Conservation Recovery Act at 31 gas stations in Puerto Rico and four in the U.S. Virgin Islands.
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Exec Prouty extolls P.R.’s virtues as place to do business
February 25, 2015
The laws set forth by the current administration to lure investors and companies to Puerto Rico are not the only attractions the island has to offer, said Nicholas Prouty, CEO of Putnam Bridge Investments, to a roomful of business location experts and economic development professionals.
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Puma Energy expanding Puerto Rico operation in ’15
February 24, 2015
Puma Energy Caribe has ambitious plans on its horizon this year, including the expansion of its liquefied petroleum gas line and its vehicle service centers islandwide, Eduardo Galíndez, commercial manager for the petroleum company said Monday.
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Electric Daisy Carnival to boost tourism, hotel bookings
February 19, 2015
This weekend’s two-day Coors Light Electric Daisy Carnival is expected to draw more than 40,000 people from Puerto Rico and other countries, boosting the island's economy and thrusting it into the international spotlight.
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Nat’l AGC Annual Convention to be held in P.R. in March
February 18, 2015
Under the slogan, "360 degrees of construction," the Associated General Contractors of America will hold its 96th annual convention for the first time in Puerto Rico, Mar. 18-20 at the Convention Center in Miramar.
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Abarca Health set to hit U.S. market via new subsidiary
February 18, 2015
Abarca Health, a Puerto Rico-based company dedicated to pharmacy benefit management, announced during its recent 10th anniversary celebration the opening of its new division, Abarca Technologies and its plans to expand and export services this year.
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