Pharma exec: Local R&D activity could flourish under right conditions
June 20, 2011
Puerto Rico has one of the world’s most competitive manufacturing foundations, but one of the most underdeveloped research and development economies, which poses an inarguable need to establish mechanisms to foster the right conditions for it to flourish, a high-ranking manufacturing executive recently told News is my Business.
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P.R. small businesses find voice in Washington
June 20, 2011
The “eyes and ears” of the island’s small business community in Washington D.C., Teresa Coaxum, spent last week in Puerto Rico looking to bridge the disconnect between the local public and private sector and the federal benefits and information they may be missing out on for a lack of awareness or access.
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To travel and see the world or to travel and sell the world, that is the question!
June 20, 2011
As recently reported in News is my Business, U.S. Under Secretary of Commerce Francisco Sánchez urged Puerto Rico to take advantage of the recently formed U.S. Corporation for Travel Promotion, which has $200 million to market the mainland and its jurisdictions on a global scale.
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Highway PPP to be announced June 20
June 17, 2011
Following a lengthy evaluation process, the government will announce Monday the winner of the concession to manage one of the island’s principal highways, and a secondary road, Puerto Rico Public-Private Partnerships Authority Executive Director David Álvarez told a small group of journalists Thursday.
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JetBlue enroute to becoming P.R.’s largest carrier
June 17, 2011
Discount airline JetBlue announced the start of two new routes out of Luis Muñoz Marín International Airport, officially dethroning American Airlines as the island’s largest carrier.
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Claro launches waterproof, eco-friendly smartphones
June 17, 2011
It’s no secret that most smartphones are robust in service, but often weak when it comes to enduring drops, water and on this tropical island, exposure to sand. To address all of those external challenges, Motorola and Claro teamed up to introduce to market the first mobile device capable of standing up to all them.
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McClintock advocates for elimination of trade barriers
June 16, 2011
How many times has it happened that you excitedly find a store online selling that one item you have been coveting or needing, only to discover that when you’re ready to pay for your order, you’re shot down by a message saying “we do not ship to Puerto Rico.”
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Pioneer Hi-Bred completes $6M expansion in Salinas, adds 1st bio-farming research lab
June 16, 2011
A year after announcing plans to invest $6 million to expand its Salinas operation, Illinois-based Pioneer Hi-Bred officially announced Wednesday the completion of the project that has already produced 40 of the total 100 jobs that will be created within the next 18 months.
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Cordis LLC plant closing in San Germán eliminating 450 jobs
June 15, 2011
Cordis Corporation, a subsidiary of Johnson & Johnson, announced Wednesday the discontinuation of production of its Cypher Stent product by the end of 2011, representing the closing of its plant in San Germán. The decision will leave 450 people jobless.
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P.R. must focus on specific areas, services to boost competitiveness
June 15, 2011
U.S. Under Secretary of Commerce Francisco Sánchez urged Puerto Rico Wednesday to take advantage of the recently formed U.S. Corporation for Travel Promotion, which has $200 million to market the mainland and its jurisdictions on a global scale.
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Private sector: Obama’s visit ‘positive, good starting point for economic recovery’
June 15, 2011
President Barack Obama’s visit to Puerto Rico drew a slew of positive feedback from a handful of private-sector executives invited to his welcoming Tuesday, with most concurring that the historic event was positive and could result in long-term benefits.
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Retail sales get jumpstart in ’11
June 15, 2011
Retail sales apparently got off on the right foot this year, reflecting a 4.2 percent year-over-year increase in January, according to the latest statistics Puerto Rico Trade released Tuesday.
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Fortuño discusses job creation, public safety, status during meeting with Obama
June 14, 2011
Gov. Luis Fortuño met with President Barack Obama briefly Tuesday during the latter’s visit to the island, discussing the progress of initiatives to boost the economy, strengthen public safety and establish a “fair and representative process to solve the status problem.”
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Obama arrives to P.R., delivers brief message stressing status, economic issues
June 14, 2011
President Barack Obama basked under the scorching noontime Puerto Rican sun upon arriving to Puerto Rico Tuesday, walking the 300-foot stretch between Air Force One and the hangar at the Muñiz National Guard Base in Carolina.
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Public, private sector representatives on stand-by for Obama
June 14, 2011
Hundreds of local public and private sector representatives gathered at the Muñiz National Guard Base Tuesday morning to get a glimpse of President Barack Obama and listen to his remarks to Puerto Rico upon arriving later this morning.
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