Six months after its launch, more than 13,000 Puerto Ricans have joined Uber’s discount and benefits membership, Eats Pass, for which all together they have saved more than $900,000 on their purchases, the company announced. From getting around the city with the Uber app, sending items through Uber Flash, and ordering from restaurants, shops, pharmacies, […]
The Department of Economic Development and Commerce (DDEC, in Spanish) confirmed that the guidelines are ready to request the “Apoyo Energético” incentive, amounting to up to $25,000, to install sustainable energy systems on small- and mid-sized businesses. This program was developed to help SME’s stabilize their operations, as well as reduce costs and long-term energy […]
The General Services Administration (ASG, in Spanish) announced the launch of its new digital platform, called “Registros,” designed to combine the registration of suppliers of goods and government service providers in the same registry. The installation of “Registros”represents a saving of $55,000 in operational expenses for ASG and facilitates the work of the agency in […]
The Department of Economic Development and Commerce (DDEC, in Spanish) announced the start of the application cycle for Youth Development Program’s Teodoro Moscoso Scholarship, aimed at students of technical, vocational, or hard-to-recruit careers, or who show economic need, who can win up to $40,000. The awards are divided into two categories — the first is […]
Carbono3 announces the 1st cohort of its C3 Impact Lab Venture Building program. Up to a total of 15 teams will be selected to receive the 12-month venture building support. An early submission application deadline will be available until Nov. 22, 2021. This early submission deadline will increase the chances of participation in the program […]
In time for the upcoming holiday season, e-commerce platform Giftfully — founded by two Puerto Rican women entrepreneurs — is offering an alternative in gift-giving with more than 100 local experiences available to present as gifts, incentives, or rewards. Nelia Villanueva and Marta Rivera, who made an initial investment of $50,000, head the operation that […]
The Puerto Rico Economic Development Bank’s Economic Activity Index reflected a year-on-year increase of 3.3% for last August, which represents the sixth increase after 12 consecutive reductions, the agency confirmed. Compared to July, the same indicator reflected a slight improvement, an increase of 0.2%. “While it’s true that these are positive indicators, we’re also monitoring […]
International Game Technology PLC announced it has expanded its sports betting market footprint in Puerto Rico via a multi-year technology and services agreement with The Stadium LLC. The Stadium LLC owns and operates WinIn, a Puerto-Rico based entertainment company that has partnerships with eSports companies and the Liga de Béisbol Profesional Roberto Clemente baseball league that plans […]
The Department of Natural and Environmental Resources (DNER, in Spanish) has signed collaboration agreements with the municipalities of Humacao, Manatí, Toa Baja and Vieques so that each of the mayors can manage and improve the government-run public beaches and recreational areas. Most of the agreements are on an initial four-to-five-year term, renewable for up to […]
The Puerto Rico Senate approved a resolution to order the Strategic Projects and Energy Committee to carry out an investigative process to identify alternatives to repay the Puerto Rico Electric Power Authority’s (PREPA) debt — which do not include solar taxes — and are in compliance with Act 17-2019, known as the Puerto Rico Energy […]
Evertec announced it has awarded more than 170 scholarships to university students in Puerto Rico and throughout Latin America in connection with the 7th edition of its Scholarship Program. The company granted more than $185,000 maintaining, for its second consecutive year, equal participation of men and women. The company, in alliance with leaders in the […]
Driven by “the spirit and passion for mixology,” Latin American bars La Factoría (Puerto Rico), Hanky Panky (México), 3 Monos (Argentina) aMano (Panamá), Bebedero (Costa Rica), and Alquímico (Colombia) will join in the Enjoy LATAM event, from Nov. 11-14, in which guests will be able to taste the signature cocktails of each bar. “We’re excited […]
Five years after buying 100% of the shares of the Industrias Lecheras de Puerto Rico (Indulac, in Spanish) processing plant, the Milk Producers Co-op (COOPPLE, in Spanish) has achieved market growth, fulfilled its obligations, improved the performance of Puerto Rico’s dairy cows and made profits to distribute among its partners in the sector, executives announced. […]
Banco Cooperativo de Puerto Rico, Banesco and the Federal Home Loan Bank of New York have joined the Puerto Rico Bankers Association, joining commercial banks Banco Popular de Puerto Rico, Citi and Firstbank, which are already part of the trade group. “For the Puerto Rico Bankers Association, it’s a great to be able to count […]
San Juan-based FV Bank, which has a digital asset custody license from the Office of the Commissioner of Financial Institutions (OCIF, in Spanish), announced it has been approved as a principal member of Visa. With that certification, FV Bank is now both a full-service bank offering both traditional banking services and digital asset custody, as […]
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