Feds: Alpha Guards owes 650 guards $350K in backpay
May 12, 2015
U.S. Department of Labor Wage and Hour Division investigators found that security firm Alpha Guards Management failed to protect fair wages and benefits of 650 guards in Puerto Rico, owing them nearly $350,000 in back wages and damages.
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$9.8M DownTown Caguas project to rehab urban center
May 12, 2015
Stagione Designs and the Caguas Municipal government announced Monday a sweeping $9.8 million plan to revitalize the town’s urban center, christened as DownTown Caguas.
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Consumer engagement is not an accident, it’s by design
May 11, 2015
In an age of ever-increasing distractions, quickly creating customer habits is an important characteristic of successful products, said Nir Eyal, the author of "Hooked: How to Build Habit-Forming Products.”
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$70M Mennonite hospital planned for Coamo golf course
May 7, 2015
With an initial investment of some $70 million, the Mennonite Health System will begin construction of the first and only hospital located on the grounds of a golf course in Puerto Rico.
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SME to discuss ‘what’s next’ in May 7-8 conference
April 23, 2015
The Puerto Rico Sales and Marketing Executives Association will hold its annual conference on May 7-8, from 8:30 a.m. to 7:30 p.m., at the Sheraton Puerto Rico Hotel & Casino titled, focusing on “What’s next?” for the industry.
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Science Trust grants $1.8M to 12 local scientific projects
April 22, 2015
The development of new drugs against malaria, the creation of hybrid technologies to further communications and aviation, as well as advances in biotechnology to purify water, are several of the initiatives that will be made possible thanks to the awarding of grants for 12 scientific projects, given by the Puerto Rico Science, Technology & Research Trust.
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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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