FirstBank grants financing to FS Perfumes, LLC for expansion
September 4, 2019
FirstBank’s Commercial Banking Department granted financing to FS Perfumes, LLC under the SBA 7A, Express, and 504 Programs to acquire and improve the 10,000+ square-foot commercial property in San Juan. The amount of the financing was undisclosed. “For us at FirstBank, it’s very important to support local businesses because of their significant contribution to Puerto […]
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Puerto Rico FastSigns team gets ‘Franchisee of the Year’ recognition
September 4, 2019
José Corujo, Juan A. Rivera, and Teresa Caballero, master franchisees and owners of all three FastSigns Puerto Rico locations, have been recognized by the International Franchise Association with its annual “Franchisee of the Year” award during the IFA’s recent Franchise Action Network annual meeting. The “Franchisee of the Year” award recognizes top performers from various […]
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Economist Conway expands on need to reuse abandoned properties
September 3, 2019
Renowned economist KC Conway recently presented his talk on the adaptive reuse of buildings and commercial spaces during the 15th anniversary convention held by the Puerto Rico Chapter of the Certified Commercial Investment Member Institute, the entity announced. At the conference, Conway spoke about trends in the economy regarding commercial real estate in both Puerto […]
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Local financial services expert recognized with ‘40 Under Forty’ award
September 3, 2019
Cameron McKenzie, founder of Puerto Rican financial services firm McKenzie & Associates, LLC, was recently honored with the “40 Under Forty” award from the National Association of Certified Valuators and Analysts (NACVA) in the United States. McKenzie started his corporate financial advisory business in 2015, after having worked for seven years as vice president for […]
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Frontier Airlines announces nonstop SJU/Newark route
August 30, 2019
Low fare carrier Frontier Airlines announced new low-cost service from Newark Liberty International Airport and San Juan, among another 14 new routes that will fly out of that airport in New Jersey for the winter season. The new service to the Luis Muñoz Marín International Airport will begin Nov. 14, 2019, for which Frontier will […]
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Seaborne Airlines announces reservation changes for travel starting Sept. 1
August 29, 2019
As Seaborne Airlines and Silver Airways continue streamlining their operation to one airline, bookings for Seaborne’s current network will be hosted on Silver’s Sabre reservation system for travel starting Sept. 1, 2019, the company announced. Flights operated by Seaborne are now available for sale at silverairways.com, it added. This change applies to all Seaborne Airlines […]
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Ford Fund, actors continue support of HEART 9/11’s rebuilding efforts
August 28, 2019
As the second anniversary of Hurricane María approaches, Ford Motor Company Fund — the company’s philanthropic arm — and HEART 9/11’s team of first responders are collaborating with actor, director and philanthropist Bryan Cranston in rebuilding initiatives in Puerto Rico, the automaker announced. Ford recently donated two Ford F-150s to support HEART 9/11’s response and […]
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Welch’s invests $300K to launch new product at Santa Isabel facility
August 27, 2019
Welch’s Food Inc. has invested $300,000 to formulate, design and produce a new pouch format of its iconic 100% fruit juices in three flavors to be manufactured at the Campo Fresco plant in Santa Isabel. The investment will also support marketing efforts for the products, company officials said. The products — Red Punch, White Punch, […]
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NSF I-Corps at UPR-Mayagüez ready for 2nd cohort of entrepreneurs
August 26, 2019
The NSF Innovation Corps-Site at the University of Puerto Rico-Mayagüez Campus is looking for scientists and engineers who aspire to develop their projects and business ideas to participate in its second entrepreneurial cohort slated for Sept. 13, 14, 21 and 28. The chief researchers of the initiative announced that the deadline to apply is Aug. […]
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CBP transforming USVI trade through technology
August 23, 2019
In 2016, U.S. Customs and Border Protection started the process to find a practical way to incorporate the U.S. Virgin Islands into the Automated Commercial Environment (ACE) to expedite imports. Fast forward to Aug. 2019, in an event at the Ron De Lugo Federal Building titled “Paving the way forward: Transforming the V.I. Trade through […]
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AbbVie, Direct Relief join to provide backpacks with medical supplies
August 23, 2019
Employees from AbbVie’s manufacturing sites in Puerto Rico assembled 480 first-aid backpacks equipped with medical supplies which Direct Relief, a humanitarian support entity will distribute in Puerto Rico. The backpacks were specially designed to support rescuers and first aid personnel in emergencies and disasters, the company stated. “As part of our commitment to Puerto Rico, […]
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Ranger American’s SAfeTM LLC subsidiary acquires Sky Processing’s assets
August 23, 2019
SAfeTM LLC, an affiliate of Ranger American Armored Services Inc., announced its acquisition of the Puerto Rico assets operated by Sky Processing. The transaction makes SAfeTM the largest ATM operator in Puerto Rico. The financial terms of the agreement and other details were not disclosed. “This acquisition allows us to offer our current and future […]
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American Airlines to increase frequency in San Juan/Dallas route
August 22, 2019
American Airlines has announced the expansion of its route between San Juan and Dallas, Texas as of Dec. 18, 2019, adding a second daily frequency. The increase in capacity has an economic impact of $34 million on the island’s economy, the Puerto Rico Tourism Co. said. The new flight will operate at night on an […]
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HCOA marks 22nd anniversary, bets on tech, exclusivity for members
August 22, 2019
With more than 500 employees, more than 25,000 members, 14 fitness clubs and two CrossFit boxes, HCOA Fitness, the largest gym chain in Puerto Rico and the Caribbean, will celebrate its 22nd anniversary in September. Company officials attributed the “constant research of global trends and making them accessible to the local market,” for its growth. […]
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Mastercard opens P.R. office in Hato Rey to expand e-payment ecosystem
August 22, 2019
Technology giant Mastercard officially opened its local office in Puerto Rico, which company officials described as a “milestone for the local market.” “The opening of the Puerto Rico office demonstrates Mastercard’s commitment to building an innovative and secure payments ecosystem for the island and the Caribbean” said José Vargas, Mastercard Country Manager for Puerto Rico […]
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