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In-Brief
USDA grants $3.9M to preserve affordable rural housing
Contributor September 9, 2016

USDA Rural Development Under Secretary Lisa Mensah announced Thursday grants to preserve and repair affordable housing for very-low and low-income families living in rural areas.

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In-Brief
Triple-S, Walmart partner for ‘Vivir Saludable’ program
Contributor September 8, 2016

Triple-S, Walmart and the Salus clinic have teamed up to develop “Vivir Saludable,” a diabetes management program for employees that has yielded significant health improvements for participants and positively impacted productivity among the retailer’s associates, the companies said Wednesday.

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In-Brief
Liberty now offers 24/7 customer service islandwide
Contributor September 6, 2016

Liberty Puerto Rico announced Monday it is now offering customer service 24 hours a day, seven days a week throughout the entire island.

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In-Brief
P.R.’s 1st Urban Outfitters open at The Mall of San Juan
Contributor September 2, 2016

Lifestyle retailer Urban Outfitters joined The Mall of San Juan’s retail lineup this week, with the opening of a 10,911 square-foot store that is the first in Puerto Rico, and offers a variety of clothing and merchandise for men and women.

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In-Brief
P.R. Premium Outlets announces Labor Day sales, hours
Contributor September 1, 2016

Puerto Rico Premium Outlets will have its traditional Labor Day weekend sale Sept. 2-5to mark the end of the summer season, the retailer announces Wednesday.

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In-Brief
HackPR hosting 6th student ‘hackathon’ Sept. 24-25
Contributor August 30, 2016

HackPR, a nonprofit comprised of students and young professionals promoting the development of technical skills through unconventional teaching methods, will host its 6th annual “hackathon” Sept. 24-25, expected to draw students to work on ideas and projects.

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In-Brief
SBA to promote small biz creation in LGBT community
Contributor August 29, 2016

The U.S. Small Business Administration Puerto Rico office and the humanitarian organization Nuestra Familia LGBTT Puerto Rico have entered into a strategic alliance to foster small business creation in the lesbian, gay, bisexual and transgender (LGBTT) community on the island.

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In-Brief
Oriental Bank grants $1.5M in financing to Olein Refinery
Michelle Kantrow-Vázquez August 26, 2016

Oriental Bank recently granted three credit facilities totaling $1.5 million to Olein Refinery, which it will use to convert power generation at its Cristal products manufacturing plant and oil recycling operation into an environmentally friendly system.

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In-Brief
P.R. to send 1st delegation to Havana International Fair
Michelle Kantrow-Vázquez August 26, 2016

Puerto Rico will be represented for the first time at the Havana International Fair, slated to take place on the neighboring island nation Oct. 31-Nov. 4, as a result of a effort between the Development and Commerce, the Puerto Rico Trade and Export Company and the private sector, it was announced Thursday.

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In-Brief
Olive Garden to hire 200 for Plaza Las Américas eatery
Contributor August 26, 2016

Looking to promote local economic development and job creation, Puerto Rican company Restaurant Operators Inc., announced it is looking to fill 200 slots at its fifth Olive Garden restaurant expected to open in early 2017 at the Plaza Las Américas mall in Hato Rey.

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In-Brief
Banco Popular clients can now use MasterCard in Cuba
Contributor August 24, 2016

Popular Inc. announced Tuesday that it is the second financial institution in the United States and the first in Puerto Rico to enable their credit cards for use in Cuba.

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In-Brief
AlChavo.com continues to expand, strengthen platform
Contributor August 24, 2016

Online accounting and payroll financial solutions firm AlChavo.com recently launched a new payroll module, while it continues to expand its local and foreign presence by the hand of Microsoft’s internet cloud “Azure,” the 16-year-old company announced Tuesday.

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In-Brief
Designer David Antonio opens new store in Paseo Caribe
Contributor August 23, 2016

Fashion designer David Antonio announced Monday the opening of his new store in Puerta de Tierra’s Paseo Caribe, a 1,500 square-foot space that will generate a combined 12 direct and indirect jobs.

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In-Brief
Plaza Provision CEO nabs sustainability award
Contributor August 23, 2016

Roberto Cimino, CEO of Plaza Provision Company has been awarded the “Leadership in Sustainability Award” from Viking Cold Solutions, in recognition of the San Juan-based company’s high-impact sustainable business accomplishments.

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In-Brief
Bill sparing health services from B2B tax vetoed
Contributor August 22, 2016

The Association of Insurance Companies of Puerto Rico (known as ACODESE for its Spanish acronym) blasted Gov. Alejandro García-Padilla’s decision to veto House Resolution 2698, which would have confirmed the exemption of medical services from the 4 percent business-to-business tax.

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QUOTE OF THE WEEK:

“After 10 years of Act 247-2015 [Law for the Promotion of Reusable Bags and the Regulation of the Use of Plastic Bags], we must seriously examine whether public policy has produced the expected effects.

 

We need to see the full picture: protecting the environment, weighing costs for consumers and ensuring viability for retailers. Our duty is to consider amendments or new strategies that bring a fair and effective balance for Puerto Rico.”

 

— Sen. Nitza Morán, chairwoman, Puerto Rico Senate Committee on Economic Development, Small Business, Banking, Commerce, Insurance and Cooperativism

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