Guayacán Venture Accelerator trains local co.’s to expand
April 21, 2014
This summer, Grupo Guayacán will pick 15 local companies to participate in the Guayacán Venture Accelerator, a program that includes advanced executive education, as well as feedback from local and international investors to support the companies’ plans for expansion in Puerto Rico and beyond.
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Looking for a gig? Guisito.com is the online place to be
April 16, 2014
Everybody knows that Puerto Rico’s economy is tough and finding a job may be no easy feat. And even if you have a job, challenging times such as these often bring out the creativity in people who will turn to their natural or learned talents to make ends meet.
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Group offers 34 fixes to Puerto Rico’s pressing issues
April 14, 2014
A workgroup comprising public and private sector representatives handed Gov. Alejandro García-Padilla a report containing 34 recommendations Sunday to tackle Puerto Rico’s low labor participation rate, brain drain, the aging population and the underground economy.
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Ford Co. drives $1M to Puerto Rico nonprofits in 5 yrs.
April 14, 2014
Ford Motor Company has been a member of Puerto Rico’s consumer culture for decades, putting tens of thousands of vehicles on local roads. But over the past five years, the automaker has also inserted itself into the island’s community in a different way — investing in nonprofits to drive education and prevention programs.
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Homebuilders: End of ‘Mi Casa Propia’ will hurt sector
April 10, 2014
The head of the Homebuilders Association, Roberto Trápaga, warned Wednesday that funds that fuel the successful “Mi Casa Propia,” a government assistance program that provides mortgage assistance to working people with limited resources, are practically tapped out.
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Caguas waste transfer station gets $1.1M improvement
April 9, 2014
The municipality of Caguas and Waste Management inaugurated Tuesday the remodeled facilities of the waste transfer station, improved at a cost of $1.1 million in private funding.
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Ventura Corp. to pay $354K to settle sex bias case
April 7, 2014
Ventura Corporation, a Puerto Rico-based wholesaler of makeup, beauty products, jewelry and other personal care items to retail sellers, has agreed to settle a sex discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission.
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PREPA proposes dropping electricity rate to 16¢ by ’19
April 3, 2014
Puerto Rico Electric Power Authority Executive Director Juan Alicea outlined Wednesday a strategy the agency has set off to reduce the cost of electricity on the island to 16 cents per kilowatt-hour in five years by diversifying fuel sources for power generation.
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Destilería Serrallés expanding production in next 3 years
April 2, 2014
Puerto Rican rum distiller Destilería Serrallés Inc. will increase its rum production in Puerto Rico, adding up to 8 million proof-gallons in the next 3 years, company and government officials announced Tuesday.
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‘Royal Pains’ wraps filming, pumps $2M into economy
April 2, 2014
The on-location production for Universal Cable Productions’ ““Royal Pains”” television series, currently in its sixth season on USA Network, wrapped this week in Puerto Rico, after four weeks of pre-production and eight days of shooting in several locations across the island.
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SME annual conference to focus on creativity, innovation
April 1, 2014
The Sales and Marketing Executives of Puerto Rico will focus this year’s conference on the development of creative business strategies, which are key to helping companies face and survive the challenges associated with the island’s current economic conditions.
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Foundation for Puerto Rico signs deal with La Ciudadela
March 31, 2014
The Foundation for Puerto Rico has designed a new model of shared spaces to be developed in La Ciudadela following the signing of a 10-year lease agreement between Foundation Founder Jon Borschow and Nicholas Prouty, CEO of Putman Bridge Funding, LLC., which owns the Santurce complex that will house the venture.
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Population down in most Puerto Rico municipalities
March 28, 2014
The U.S. Census Bureau released Thursday the latest population estimates for the municipalities of Puerto Rico, which showed, among other findings, that from July 1, 2010 to July 1, 2013 the population declined in 68 of the 78 towns.
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P.R. District Export Council renews exports efforts
March 27, 2014
With a new Board of Directors and members, the Puerto Rico District Export Council outlined Wednesday its efforts to nurture and assist local businesses to achieve growth through exporting.
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‘Producibles’ design competition winners announced
March 25, 2014
The jury of “Producibles,” a product design competition managed by Design in Puerto Rico (DIPR), selected five proposals from four Puerto Rican designers to represent the island at the Wanted Design NYC international fair in May in New York City, Carlos Bobonis-Colorado, director of DIPR announced Monday.
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