28 Puerto Rican startups ready to participate in 4th generation of pre18 program
December 21, 2021
Following five weeks of open calls and an extensive and competitive evaluation process, parallel18, an organization that belongs to the Puerto Rico Science, Technology and Research Trust, selected 28 Puerto Rican companies that will participate on the fourth generation of the local pre-acceleration program pre18, starting Jan. 24, 2022. With the slogan “Sácala del parque” […]
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Invest Puerto Rico launches $4.7M rebranding campaign
December 16, 2021
Invest Puerto Rico (InvestPR), the island’s economic development organization, announced the launch of a new brand, a redesigned website and the new “Game-Changers, Welcome Home” campaign, an $4.7 million effort to “elevate the island as a business destination.” The media investment comes from an allocation of funds under the Department of Housing’s CDBG-DR program “dedicated […]
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$135M Emerald Vista mixed-use complex opens in Caguas
December 13, 2021
National housing and urban renewal developer, McCormack Baron Salazar, and the Puerto Rico Department of Housing welcomed a group of leaders, including the Governor of Puerto Rico, community members, and the media to the grand opening of the new mixed-income apartment community, Emerald Vista. With an investment of about $135 million and the first multifamily […]
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Distrito T-Mobile unveils lineup of gastronomic offers for New Year’s Eve
December 10, 2021
Restaurants in the Distrito T-Mobile have curated a series of dining experiences as part of the Dick Clark’s New Year’s Rockin’ Eve with Ryan Seacrest 2022 celebration in Puerto Rico. This year, Puerto Rico becomes the first destination with a Spanish-language countdown for the festivities that will feature Daddy Yankee as the main act and […]
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Direct Relief grants $277K to install solar panels in Guanica’s Fire Station
December 9, 2021
Nonprofit organization Direct Relief inaugurated a $277,000 solar energy project in Guánica’s Fire Station, through a grant from biopharmaceutical company AbbVie, which donated $50 million for these types of projects. The project will allow for these first responders to continue serving the people even in the event of natural disasters that may affect primary services, […]
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Study: 88%+ Puerto Rican consumers will shop this holiday season
December 8, 2021
Not even the pandemic will be able to prevent Puerto Ricans from celebrating the best and longest Christmas in the world. More than 88% of Puerto Rican consumers confirmed they will be holiday shopping this season, which represents a 9% increase over last year, according to results of the 10th edition of “Santa’s List 2021,” […]
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Puerto Rico’s rum market worth $51M, study confirms
December 6, 2021
One of the most important industries in Puerto Rico is the rum industry, not only for its economic contribution but also for its legacy. As a pioneer in this sector, the island has experienced an expansion of the market and an evolution of the consumption patterns, which has increased production and competitiveness. In terms of […]
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Albanistería marks 1st year of leading women into self-sufficiency
December 6, 2021
The Albanistería workshop is marking its first anniversary as an organization helping women and girls build a path to self-sufficiency by learning to skills in repairs and construction work. The project located in Bayamón, and founded during the COVID-19 pandemic, has already trained more than 320 women and 60 girls since 2020, including a cabinetmaking […]
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Grupo Guayacán awards $247K in seed capital to local enterprises
December 3, 2021
Twelve local enterprises were awarded $246,500 in seed capital as a result of their participation in the sixteenth edition of the EnterPRize business competition organized by Grupo Guayacán. TerraFirma, which develops technology to measure and mitigate the impact of climate change on the island, became the top winner, earning two important awards that add up […]
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Direct Relief, Abbvie grant $1.9M to improve rural drinking water systems
November 30, 2021
Direct Relief, with the support of pharmaceutical company AbbVie, awarded a $1.9 million grant to nonprofit organization Por los Nuestros — dedicated to providing renewable energy solutions, advocacy for communities and public health — to install renewable energy systems in 25 rural aqueducts in communities without drinking water service. The Anones Maya rural community aqueduct […]
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Vitrina Solidaria launches campaign to help entrepreneurs reduce poverty traps
November 25, 2021
The Vitrina Solidaria nonprofit organization, together with 22 entrepreneurs, has launched a campaign based on six key values for a more solid and supportive economy that should break poverty traps faced by business people out of need, so they can reach new markets and benefit communities. These ventures usually come from people in communities of […]
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Survey shows Thanksgiving feast will be more expensive this year
November 24, 2021
This year’s Thanksgiving meal will be more expensive, with an average increase of 14% for US mainland consumers, a survey by the American Farm Bureau Federation showed. The cost of many of the holiday’s staples — the turkey, stuffing, sweet potatoes, rolls with butter, peas, cranberries, and dessert — have jumped, pushing the cost of […]
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Puerto Rican reggaetón artist Daddy Yankee lists Luquillo home on Airbnb
November 16, 2021
Puerto Rico-born reggeatón pioneer and multiple award-winner Daddy Yankee — who has built a worldwide community of followers — is inviting his fans to see his home that inspired his success, and where he’s simply known as Ramón Ayala. This fall, while he’s on the road, Daddy Yankee is becoming an Airbnb host and inviting […]
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WAPA TV joins Evertec in ‘ATH Móvil for Puerto Rico’ campaign
November 16, 2021
WAPA TV is joining Evertec’s “ATH Móvil for Puerto Rico” initiative to promote the growth of nonprofit organizations on the island. To mark the recent re-launch of the ATH and ATH Móvil brands, the companies came together to launch the “ATH Móvil for Puerto Rico Week” with a contest in which nonprofits registered to receive […]
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Lighting infrastructure developer HTI closes on $165M financing for Brazil project
November 15, 2021
San Juan-based High-Trend International (HTI), — a firm that develops smart city and public lighting infrastructure projects “to create smarter, safer, and more sustainable cities” — along with its Brazilian joint venture High Trend Brasil (HTB), announced the closing of $165.5 million of long-term financing to fund the completion of its Rio de Janeiro Smart […]
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