US Economic Dev’t Admin. grants $16M to EcoExploratorio project
September 17, 2021
The US Economic Development Administration is awarding a $16 million grant to Ecoexploratorio, Inc., San Juan, Puerto Rico, to construct a disaster preparedness, recovery education, and training center and ensure continuity of operations during natural disasters. The EDA grant will be matched with $4 million in local investment, said US Secretary of Commerce Gina M. […]
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Mennonite Health System inaugurates $6M projects in Caguas hospital
September 15, 2021
The Mennonite Health System unveiled its new Specialized Rehabilitation Unit at its Caguas hospital, which will soon begin to offer services to manage the recovery of patients whose functionality has been affected by a health condition. The hospital system also announced that a new and remodeled Intensive Care Unit is already in operation. Both projects […]
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$70M Puerto Rico Film District project dead 3 yrs. after unveiling
September 13, 2021
Three years after the much-touted $70 million Puerto Rico Film District project in Miramar was announced in 2018, the pre-development agreement between the government and British businessman Keith St. Clair has been terminated, meaning the end of the venture, News is my Business has learned. Puerto Rico Convention District Authority Executive Director Mariela Vallines confirmed […]
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Grupo Guayacán starts celebrating anniversary with ‘25 Days of Giving’
September 10, 2021
To celebrate its 25 years of service to the community of entrepreneurs in Puerto Rico, Grupo Guayacán is launching an extensive anniversary program focused on the success stories of its participants and the organization’s contributions to Puerto Rico’s economic development. Throughout its history, Guayacán has assisted more than 2,000 people and more than 720 companies […]
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Puerto Rico to host 13 conventions thru ’22, with $51M impact
September 9, 2021
The Puerto Rico Convention Center is set to host 13 meetings from November 2021 through October 2022 that are expected to draw about 23,000 attendees who will generate more than 58,000 room nights, representing a $51 million injection for the local economy. Jorge Pérez, regional manager for ASM Global, which manages the venue, said 2022 […]
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Veterans Affairs, Health Gorilla alliance may benefit 150K vets in Puerto Rico/USVI
September 8, 2021
Health Gorilla, a provider of health data in the United States, and the US Department of Veteran Affairs announced a public-private partnership that will supply all eligible veterans and their physicians access to complete healthcare records, allowing all parties to make more informed and timely decisions. The Veteran Affairs Caribbean Healthcare System provides services to […]
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Puerto Rico Public Health Trust launches Telehealth program for elderly adults
September 7, 2021
The Puerto Rico Public Health Trust, a program of the Puerto Rico Science, Technology and Research Trust, announced the launch of the Telemedicine for Elderly Adults (TMEA) program. The initiative, which uses TytoCare technology, aims to develop and implement Telemedicine and Telehealth services in long-term care facilities, or homes for the elderly and nursing homes. […]
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Boston Scientific to host free program to support entrepreneurs
August 27, 2021
For the fourth consecutive year, Boston Scientific Dorado and The Growth Coach are joining forces in a collaborative partnership to continue their commitment to local entrepreneurs, through the Strategic Business Owner Program. The initiative is exclusively for business owners and will provide participants with the necessary structure and tools to develop their strengths and opportunities […]
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Grupo Guayacán opens new application round for I-Corps Puerto Rico
August 24, 2021
Grupo Guayacán is looking for new teams of entrepreneurs for the 13th edition of its idea validation program, known as I-Corps Puerto Rico (I-Corps PR). This program seeks to identify 25 teams interested in conceptualizing and validating the market potential of their business ideas. The teams may be formed by students, professors, researchers, and entrepreneurs […]
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Delays, damages, poor service: LUMA Energy’s first 2 months highlight privatization flaws
August 18, 2021
Failures and frustrations identified in the first two months of LUMA Energy’s operation of Puerto Rico’s energy grid highlight underlying flaws with the privatization contract, according to an analysis by the Institute for Energy Economics and Financial Analysis. Since the June 1 takeover, Puerto Rico residents “have experienced significant problems because of LUMA’s implementation of its electric […]
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Survey: Business travelers believe pandemic, travel restrictions have affected job effectiveness
August 11, 2021
A new survey released by insurance firm Chubb concluded that business travelers around the world believe the COVID-19 pandemic and related travel restrictions have negatively impacted their effectiveness on the job as well as the ability of their employers to develop business, serve clients and maintain business relationships. Furthermore, business travelers said they “have personally missed traveling […]
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Foundation for Puerto Rico moving forward with destination plans for eastern region
July 30, 2021
Foundation for Puerto Rico (FPR) is moving ahead with its Bottom Up Destination Recovery Initiative to drive the island’s recovery based on a sustainable model that supports communities to become more resilient and proactive in the development of their social, natural and cultural assets. On Aug. 11, the program will present the destination plans created […]
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Puerto Rico Police Association launches lending platform for first responders
July 28, 2021
The Puerto Rico Police Members Association (AMPPR, in Spanish), in partnership with Orchid Funding LLC, announced the launch of a new lending program for its members, public employees, and pensioners. In anticipation of the lending platform’s launch, AMPPR and Orchid closed a $25 million credit facility with Celeres Capital Advisors LLC, Medalist Partners LP, and […]
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Uber Eats expands beyond restaurants to groceries, other essentials
July 27, 2021
Uber Eats announced it is expanding beyond food deliveries by integrating a greater variety of businesses in its platform. Currently, users can find in the app stores such as the virtual supermarkets Jetson and La Comprita, and even convenience stores such as 24 Market. “As a technology company, continuous innovation is part of Uber Eats’ […]
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Puerto Rico wins $25M settlement from ExxonMobil contaminant suit
July 22, 2021
The US District Court for Puerto Rico approved a $25 million settlement in Puerto Rico’s favor as part of a lawsuit the Commonwealth filed more than a decade ago against ExxonMobil Corp. and Esso Standard Oil Co. claiming the companies contaminated the island’s groundwater. The Commonwealth of Puerto Rico, through the Environmental Quality Board, filed […]
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