P.R. gov’t fetches $11.6M for former ‘Sears property’ in Hato Rey; 13 other assets on the block
September 3, 2018
The government of Puerto Rico has sold a commercial lot, known as the “former Sears property” in Hato Rey — held in the defunct Government Development Bank’s portfolio — for $11.6 million.
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Discovery Bay Resort & Marina beachfront property in Aguadilla still for sale
September 3, 2018
The price for a 200-acre beachfront property in Aguadilla that had been reserved for the Discovery Bay Resort & Marina development has dropped to $3 million, from the $9 million sought three years ago through an auction.
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P.R. Soccer League to invest $200M in 10 years to build sports venues
August 31, 2018
Each stadium will also have training grounds for the soccer club academy development activities.
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HiveCube builds new tough, durable and affordable housing option
August 30, 2018
Each of the modular homes start at $39,000 for the basic unit. The price can go up if the owner opts for additional packages, such as a solar power system.
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U.S. Department of Commerce awards $5.6M to Foundation for P.R.
August 30, 2018
The U.S. Department of Commerce is awarding a $5.58 million grant to the Foundation for Puerto Rico to support recovery efforts for towns and cities which were devastated by Hurricanes Irma and María.
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Forteza Caribbean Chocolate beats growth expectations despite María
August 27, 2018
Despite Hurricane María’s effect on local cocoa production, the demand for Forteza chocolate has reflected growth that “has exceeded expectations for 2018," said Eduardo Cortés founder of the Forteza Caribbean Chocolate brand that is part of Cortés Hermanos.
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Gov’t breaks ground on $174M reversible lanes project connecting PR-18/PR-30
August 24, 2018
Gov. Ricardo Rosselló broke ground on the construction of two reversible lanes that will highway PR-18 at the Río Piedras Medical Center and PR-30 in Gurabo, at a cost of $174 million.
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Hispanic Federation, new sponsors back 10th edition of Guayacán Venture Accelerator
August 14, 2018
Grupo Guayacán Inc. (GGI) launched the 10th edition of the Guayacán Venture Accelerator (GVA), its program geared at accelerating the development of established companies in Puerto Rico which are seeking new growth opportunities.
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User traffic up 348% at redesigned News is my Business site in last 30 days
August 13, 2018
Today marks one month since News is my Business unveiled its redesigned website, and in that time, user traffic has increased 348 percent year-over-year, according to statistics provided by Google Analytics.
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Occupational fraud costs $1.9B+ to P.R. economy, CPA study shows
August 10, 2018
Occupational fraud represents a loss of more than $1.9 billion to Puerto Rico’s economy, or 2.77 percent of the $70.5 billion Gross Domestic Product.
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Institute for Justice report gives P.R. an “F” on expropriation laws
August 10, 2018
Puerto Rico’s eminent domain laws received a grade of “F” in a report released by the Institute for Justice, a nonprofit, civil liberties law firm.
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Clinton Foundation recognizes Foundation for P.R.’s work post-María
August 8, 2018
As part of the Clinton Global Initiative Action Network on Post-Disaster Recovery meeting, former President Bill Clinton recognized the Foundation for Puerto Rico's work.
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Grupo Guayacán reveals finalists of EnterPRize 2018 competition
August 6, 2018
Grupo Guayacán Inc. (GGI) announced the start of the finalists’ phase of the 2018 EnterPRize Competition.
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inverSOL invests $4M in portable solar generator manufacturing plant in Caguas
July 27, 2018
inverSOL, a new company dedicated to the design, production and sale of portable solar generators for the residential market, announced it will invest $4 million in Puerto Rico to establish a new assembly plant featuring a showroom and sales area.
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P.R. Community Foundation gives $95K to 140 college students
July 26, 2018
The Puerto Rico Community Foundation (FCPR, for its initials in Spanish) bestowed $95,000 in recovery donations to 140 students from public and private universities, thanks to a contribution from the Hispanic Federation to establish the Hispanic Federation Puerto Rico Recovery and Hurricane Relief Fund, administered by the FCPR.
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