Ex-Gov. Rosselló signed laws limiting constitutional right of access to information
August 7, 2019
On the eve of becoming Puerto Rico’s first governor to resign from his post, Ricardo Rosselló signed a pair of laws whose net effect is to hinder access to public information and limit free expression, nonprofit group Open Spaces denounced. Cecille Blondet, executive director of Open Spaces said Rosselló stamped his signature on Acts 122 […]
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Columbia Care to enter P.R. medicinal cannabis market
August 7, 2019
Columbia Care Inc. has received approval from the Puerto Rico Department of Health to open for business, with a medicinal cannabis dispensary in San Juan and 25,000 square-foot cultivation and manufacturing operation in Cidra. The 2,800 square-foot San Juan clinic and its Cidra facility are scheduled to open this month, with two additional dispensaries expected […]
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Chemesis Int’l Inc. to pick up P.R.’s largest medicinal cannabis dispensary network
August 6, 2019
Chemesis International Inc. has entered into an agreement to buy a majority of the shares of GSRX, which has five medicinal cannabis dispensaries in Puerto Rico, the companies announced. The transaction calls for Chemesis to acquire more than 42.6 million common shares and 1,000 preferred shares of GSRX, in exchange for an some 18.9 million […]
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Direct Relief to distribute $8M in cash to 25 P.R.-based healthcare nonprofits
August 1, 2019
Twenty-five Puerto Rican healthcare nonprofits are set to receive a much-needed $8 million cash infusion from Direct Relief, the largest private, nongovernmental provider of health resources to Puerto Rico since Hurricane María. Recipients of the $8 million in grants will be announced Aug. 7, at La Ciudad de la Salud y Bienestar, a Direct Relief-sponsored event […]
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Science Trust gets significant grant from U.S. Dept. of Commerce
August 1, 2019
The Puerto Rico Science, Technology and Research Trust was selected as one of the 44 nonprofit entities will receive funding from the U.S. Economic Development Administration’s Regional Innovation Strategies Program, which will award a total of $23 million to expand high impact entrepreneurship. The Trust will launch the Investor Bridge Project based on Puerto Rico’s […]
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FirstBank, Center for Puerto Rico partner to help young entrepreneurs
July 30, 2019
With the aim of promoting entrepreneurship among young people between the ages of 18-35 by helping them acquire the skills necessary to develop or strengthen an enterprise, FirstBank has granted a donation of $15,000 to the Entrepreneurial Training Program for Young Adults of the Center for Puerto Rico. The Center is the operational arm of […]
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World Central Kitchen welcomes 22 farmers to its ‘Plow to Plate’ program
July 29, 2019
World Central Kitchen (WCK) welcomed 22 projects to its comprehensive support platform to promote sustainable food projects on the island called Plow to Plate, which offers direct financial support and training to small farmers, agribusinesses, community-based projects, and business initiatives in the food sector. The goal is to help these entities revitalize their operations after […]
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P.R. Pathology invests $7.5M in new 50K square-foot, state-of-the-art lab
July 25, 2019
Puerto Rico Pathology, which has been serving the island for 65 years, has invested $7.5 million in a new state-of-the-art, 50,000 square-foot lab to continue offering services on the island and the Caribbean. In an interview on the “En Una Hora” program on 11Q 1140 AM, in which News is my Business participates, Víctor Carlo, […]
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IEEFA letter urges U.S. inspectors general to scrutinize PREPA contracting
July 23, 2019
In a letter to federal inspectors general, IEEFA director of finance Tom Sanzillo and energy analyst Cathy Kunkel urged increased scrutiny of any contracting involving the Puerto Rican government. The analysts warned that the latest scandals involving Puerto Rican officials raise serious questions about the legality and propriety of contracts relying on federal funds, in […]
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San Juan-based businesses closing today as thousands expected to march
July 22, 2019
A range of private-sector businesses — from malls to banks — will remain closed today, as thousands of Puerto Rico residents are expected to convene on one of the island’s main highways to demand the resignation of Gov. Ricardo Rosselló. The massive march is expected to begin at 9 a.m. on PR-18, known as the […]
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U.S. Dept. of Commerce invests $1.2M to stoke post-disaster business growth in P.R.
July 19, 2019
U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration is awarding a $1.2 million grant to Operation Hope Inc., to provide up to 300 technical assistance workshops in Puerto Rico to help small businesses and entrepreneurs “grow and succeed” following Hurricanes Irma and María in 2017. The project, to be located […]
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Treasury starts processes to reduce sales and use tax on prepared foods to 7%
July 19, 2019
The Puerto Rico Treasury Department has begun to implement the reduction of the Sales and Use Tax (IVU, for its initials in Spanish) on prepared foods from 11.5% to 7%, which will take effect in October. “We have already started conversations with the Puerto Rico Restaurants Association to delineate the parameters of the implementation and […]
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General Contractors outline strategies to slash illegal gov’t procurement processes
July 19, 2019
The Association of General Contractors, Puerto Rico Chapter proposed a number of strategies to eliminate corruption in public procurement processes, including promoting legislation to ban the government from hiring newly created legal entities, without financial experience, or a history of expertise. In a statement, Alejandro J. Abrams, president of the trade group known as AGCPR, […]
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Economists join claims for governor’s ouster; PRMA asks for ‘swift action’
July 18, 2019
The Puerto Rico Economists Association has joined the chorus of private-sector voices asking Gov. Ricardo Rosselló to step down from his post and make way for “an orderly transition.” Meanwhile, the Puerto Rico Manufacturers Association separately asked the various government branches to do their part and act swiftly to resolve the turmoil currently engulfing the […]
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Open Spaces denounces ‘use and abuse’ of gov’t power
July 17, 2019
Nonprofit Organization Open Space warned that messages in the chat in which Gov. Ricardo Rosselló and others participated in could constitute serious ethical and legal violations through a conspiracy to limit citizen rights to demand transparency and accountability the government. During a sit-down with the media, Open Spaces Executive Director Cecille Blondet said the chat […]
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