Bahía Urbana to close ’14 with more than 100 events
October 27, 2014
Bahía Urbana, a mixed-use entertainment venue in the San Juan Bay area, will close 2014 with more than 100 events between box office and free events for the community, and an estimated 250,000 attendees, General Manager Linnette Isona said.
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PR Tech Corridor gets $7M grant to curb unemployment
October 16, 2014
The Puerto Rico Technoeconomic Corridor in Mayagüez has been selected to receive more than $7 million in grant funding from the U.S. Department of Labor to join the effort to help curb long-term unemployment.
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Pulitzer winner: Investigative journalism ‘good business’
October 15, 2014
Investigative reporting is a long-standing practice in journalism known for its all-consuming nature when it comes to time and resources. However, becoming involved in this type of exercise — which can be said is becoming a lost art — is not only a media outlet’s way of performing its civic duty, but ultimately makes great business sense.
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Gov. signs bill to spur development of creative industries
October 15, 2014
Puerto Rico Gov. Alejandro García-Padilla signed Tuesday Senate Bill 655, which establishes public policy for promoting and giving stimulus to creative industries, conceives the Creative Industries Advisory Board and assigns $1 million to Puerto Rico Trade and Export to oversee those tasks.
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8 small businesses picked to operate in Roosy Roads
October 8, 2014
The Roosevelt Roads Redevelopment Authority announced the selection of eight microbusinesses from Puerto Rico’s eastern flank to establish operations inside the former Navy base that is currently being repurposed for public access.
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Study: Puerto Ricans’ personal wealth down 22%
October 7, 2014
Puerto Rico residents have seen their personal wealth levels drop by a whopping 22 percent between 2009 and 2013, based on the performance of the Puerto Rico Stock Index over that same period of time, according to an analysis of the numbers by private firm H. Calero Consulting.
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Casiano Communications files for Ch. 11 bankruptcy
October 6, 2014
Casiano Communications Inc., parent company of weekly English-language business publication Caribbean Business and a number of other subsidiaries, filed for Chapter 11 bankruptcy protection Monday, citing more than $8.5 million in debt.
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Treasury: Sept. sales and use tax collections up 8.5%
October 2, 2014
Last month's Sales and Use Tax revenue, which includes transactions made in August, totaled $124.2 million, the highest level for a month of September since the SUT was implemented in November 2006, the Treasury Department said Wednesday.
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Call for researchers a ‘success,’ says Science Trust
October 1, 2014
The recent call by the Puerto Rico Science, Technology and Research Trust, for local researchers to opt for grants in various areas generated “great enthusiasm” among scientists and researchers from the island, to the point that 234 letters of intent received exceeded the projected amount the entity expected to receive by 200 percent.
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Customs completes $8M reno of Border Patrol facilities
September 30, 2014
The U.S. Customs and Border Protection’s Office of Administration Facilities Management and Engineering recently announced the completion of an $8 million renovation of the Border Patrol Ramey Sector headquarters and station, located in the western town of Aguadilla.
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EVERTEC Inc. approves $75M stock repurchase program
September 25, 2014
EVERTEC Inc. announced Wednesday that it’s Board of Directors has approved a stock repurchase program that authorizes repurchases of up to $75 million of its common stock over the next 12 months.
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Puerto Rico wants to be ‘medical tourism powerhouse’
September 24, 2014
The Government of Puerto Rico took an important step Tuesday in its efforts to become a medical tourism powerhouse in the Caribbean and Latin America when the Department of Economic Development and Commerce signed an agreement with the Medical Tourism Association to have the MTA provide educational training aimed at obtaining certifications for service providers in Puerto Rico.
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HealthSouth San Juan hospital marks 15th year in P.R.
September 24, 2014
HealthSouth San Juan, the island’s first physical rehabilitation facility to establish itself in Puerto Rico, is marking 15 years of offering services to local residents as well as patients from the U.S. Virgin Islands.
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R&D investments up 3.3% in Puerto Rico, study shows
September 22, 2014
Investments made in Puerto Rico by companies performing research and development activities totaled $449.3 million in Fiscal 2013, up 3.3 percent in comparison to the total reported in 2009, the Puerto Rico Statistics Institute revealed.
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Gov. signs law to extend life of Roosy Roads Authority
September 22, 2014
Gov. Alejandro García-Padilla signed into law Senate Bill 110, which amends the “Law of the Authority for the Redevelopment of the Land and Facilities of the Roosevelt Roads Naval Station” to extend its term as a public corporation for an additional 30 years, or until the Authority complies with the agreements with the U.S. Department of the Navy.
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