Gov. Luis Fortuño urged Pres. Barack Obama Wednesday to include Puerto Rico in its new national economic plan, stressing that “Puerto Rican jobs are U.S. jobs.”
Backing its mantra that “the island’s future development will be in the hands of youth,” the Economic Development Bank is kicking off its “Because You Can” entrepreneurial initiative with a visit to Sacred Heart University in Santurce this Friday.
The Puerto Rico Planning Board gave the go-ahead to more than $3.1 billion in location permits for residential and tourism-related development projects that are expected to generate more than 35,000 jobs and boost the economy, agency chief Rubén Flores- Marzán said Monday.
Puerto Rico Trade and Export’s Expo Partners service is offering local companies an opportunity to work with international trade experts to develop and implement a plan to expand the scope of their products or services beyond the island’s shores.
José Sifontes, who held the post of U.S. Small Business Administration District Director for Puerto Rico and the U.S. Virgin Islands, José Sifontes, passed away Dec. 28, the agency announced Monday.
The Economic Development Bank will be setting its sights on promoting self-employment initiatives in 2012, targeting specific sectors with orientation sessions and, perhaps most importantly, funding, agency President Ivonne Otero said.
A year after the IVU Loto twice-weekly sweepstakes launched, less than 15 percent of winners have claimed their prizes. Treasury Department data shows that so far, only 87 out of 580 winners have taken home their pay. Combined, winners have claimed $146,500, or a fraction of the $761,000 the agency has offered in cash prizes, News is my Business confirmed Wednesday.
Puerto Rico’s Economic Activity Index (GDB-EAI) reached 127.7 in October 2011 compared to 126.7 registered during September 2011, reaching the highest level since November 2010, the Government Development Bank for Puerto Rico said Monday.
General Fund gross revenue collections increased 9.3 percent to $638 million in October, or $54 million more in comparison to the total for the same month in 2010, Treasury Secretary Jesús F. Méndez said Monday.
In accordance with the recently approved Law to Strengthen Safety and Public Health, the Treasury Department mailed Thursday 5,000 debt notices and will continue the practice through the rest of the month, agency chief Jesús Méndez said.
Economic Development Bank President Ivonne Otero said Tuesday that local farmers participating in the agency’s urban market events over the past 24 months have generated some $1.2 million in direct sales, plus another similar amount in deals to export their goods, as well as sell them at retail establishments on the island.
Weekly IVU Loto drawings will offer higher prizes starting Nov. 29, in an effort by the Treasury Department to increase retailer participation rates from the current 33,250, agency chief Jesús Méndez said Monday.
The Government Development Bank turned to the bond market last week, issuing $450 million in debt in less than a day, and will repeat the action again in two weeks, when it will seek to raise another $1.1 billion, agency President Juan Carlos Batlle said Thursday.
Economic Development Bank President Ivonne Otero and University of Puerto Rico President Miguel Muñoz unveiled Tuesday the "University Business Movement" program, a new initiative that seeks to promote an entrepreneurial spirit among college students.
The U.S. Small Business Administration said Monday it has extended the deadline for homeowners, renters, businesses and nonprofit organizations in Puerto Rico to return applications for physical damage caused by Hurricane Irene. Since launching the assistance program in August, the agency has approved more than $3 million in loans.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA