Grupo Guayacán unveils lineup of 29 startups for EnterPRize 2021 competition
June 1, 2021
Grupo Guayacán announced the official selection of 29 emerging businesses from Puerto Rico that will compete in the 16th edition of the EnterPRize business competition. As part of their selection, all companies will receive an initial incentive of $1,500 and the opportunity to compete for more than $220,000 in seed capital, among other prizes, the […]
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Rums of Puerto Rico assigns $2.5M in aid for bar owners, bartenders
June 1, 2021
The Department of Economic Development and Commerce (DDEC, in Spanish) announced that starting June 3, its Rums of Puerto Rico program, jointly with the brands it represents, will distribute $2.5 million in incentives to members of the alcoholic beverages sales and service industry. The funds will go to bar owners, alcoholic beverage retailers and mixologists/bartenders, […]
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Direct Relief announces $3M in resilient power projects for Puerto Rico health centers
May 31, 2021
With the 2021 Atlantic hurricane season starting tomorrow, nonprofit organization Direct Relief is announcing a $3 million investment in new resilient power projects at six Puerto Rico health centers — part of a $5 million commitment to install solar power generation and battery storage at critical sites across the island. The projects include: Prymed Medical […]
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Science Trust, Housing Dept. launch improved Re-Grow Puerto Rico aid program
May 28, 2021
Less than a year after Re-Grow Puerto Rico was launched and addressing the concerns of the agricultural sector, the Puerto Rico, Technology and Research Trust together with the Housing Puerto Rico Department have implemented improvements to the program. The initiative, which feeds from with Community Development Block Grant (CDBG-DR) Program funds, seeks to expedite access […]
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B2B Funding grants $4M to businesses hit by COVID-19 to continue operations
May 25, 2021
B2B Funding, established in Puerto Rico in 2016, to offer financing alternatives to local entrepreneurs, said it has awarded about $4 million to more than 150 businesses that continue to operate despite the challenges they have faced during the COVID-19 pandemic. The funding has been assigned through its business loan programs, approved during the months […]
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Puerto Rico-made SunBeat Energy solar energy storage systems make local debut
May 25, 2021
Local entrepreneur Máximo Torres, who has more than 30 years of experience in the renewable energy field, unveiled the SunBeat Energy battery and inverter line, which he developed. To launch the product line and create an inventory, SunBeat Energy has invested some $2 million, and will create about 30 direct and indirect jobs on the […]
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Puerto Rico Chamber of Commerce of Central Florida embracing all nationalities
May 24, 2021
ORLANDO, FL — The Puerto Rico Chamber of Commerce of Central Florida’s executive board has a “clear and precise vision” of embracing not only businesses and professionals coming from Puerto Rico, but small entrepreneurs of all nationalities seeking to establish themselves in Central Florida. Jorge H. Figueroa, president of the nonprofit entity — which has […]
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5 Puerto Rican startups chosen for gBETA San Juan summer ’21 cohort
May 21, 2021
Startup accelerator gener8tor has announced the five companies participating in its gBETA San Juan Summer 2021 cohort. This is the first gBETA program for gener8tor in Puerto Rico and the first gener8tor program to be offered in both English and Spanish. The five Puerto Rico-based startups selected — YO+, The Happy Givers, Hyperion, PolyGhost and […]
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Caribbean to host 1st version of virtual Women Economic Forum Aug. 24-27
May 17, 2021
The Caribbean will host the first virtual Women Economic Forum focused on the region with leaders from the business, political and social spheres to promote the seal for gender equality between academia, business and the state, organizers announced. Leadership and female empowerment will be the central axis of this virtual meeting that will take place […]
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SME’s Digital Trends Study pegs Puerto Rico’s online sales at $458M
May 14, 2021
The 2021 edition of the Puerto Rico Sales and Marketing Executives Association’s (SME, in Spanish) Digital Trends Study confirmed that nearly 1.4 million people in Puerto Rico are doing their shopping online, a movement that has grown as a result of the COVID-19 pandemic. The study, commissioned to economic analysis firm Estudios Técnicos, showed that […]
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Hospital de la Concepción breaks ground on $8.1M Skilled Nursing Facility
May 12, 2021
The Hospital de la Concepción in San Germán announced it has broken ground on the construction of a new $8.1 million Skilled Nursing Facility for older adults with acute medical conditions. The facility will house 30 beds, round-the-clock nursing care, and rehabilitation therapies. The project will generate 150 jobs in the construction phase, and 50 […]
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DDEC renews membership with int’l film trade group to boost local industry
May 11, 2021
With a number of current and future film production projects being rolled in Puerto Rico, the Department of Economic Development and Commerce (DDEC, in Spanish) announced it has renewed its membership with the Association of Film Commissions International (AFCI). DDEC Secretary Manuel Cidre said belonging to the Association allows the agency’s Puerto Rico Cinematographic Industry […]
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IEEFA: Huge consulting fees highlight systemic problems with PREPA reform
April 30, 2021
The transformation and financial restructuring of Puerto Rico’s bankrupt electric power authority have generated more than $440 million in consulting contracts during the last seven years and could cost island residents more than $1 billion before completion, according to a study released by the Institute for Energy Economics and Financial Analysis. The IEEFA study found […]
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Habitat for Humanity offers construction training through Habitat Builds Puerto Rico
April 29, 2021
Habitat for Humanity of Puerto Rico announced the launch of “Habitat Builds Puerto Rico,” a five-and-a-half-week construction skills training “bootcamp” designed to prepare men and women to work in the growing construction industry in Puerto Rico. Applications are currently being accepted. Courses are offered free-of-charge to those who qualify based on their income and their interest […]
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Interactive maps promote planning for Puerto Rico’s vulnerable communities
April 23, 2021
The Foundation for Puerto Rico and the Puerto Rico Housing Department unveiled the Interactive Vulnerability and Risk Maps, a digital tool that was developed as part of the nonprofit’s Whole Community Resilience Planning (WCRP) Program. With the publication of this tool, citizens will be able to see data and interactive maps that promote knowledge about […]
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