With an investment of $3.2 million, the municipality of San Juan will begin the reconstruction of more than 60 sports facilities and parks in 50 communities of the Capital City, San Juan Mayor Miguel Romero said. Romero said the project’s financing will be split between a $2.4 million allocation from the Federal Emergency Management Agency’s […]
San Juan-based High-Trend International (HTI), — a firm that develops smart city and public lighting infrastructure projects “to create smarter, safer, and more sustainable cities” — along with its Brazilian joint venture High Trend Brasil (HTB), announced the closing of $165.5 million of long-term financing to fund the completion of its Rio de Janeiro Smart […]
One of the best-selling sedans of the Lexus brand arrives “redesigned, rethinking the technology and with the best combination of evocative design, stimulating performance and human-centered craftsmanship,” said Maribel Bengoa, marketing manager of Lexus in Puerto Rico. “The line of models Lexus ES 2022 provide a modernized multimedia system, new safety and performance improvements, a […]
The San Juan Marriott Resort & Stellaris Casino has reimagined its ballroom and foyer area after undergoing a $2.9 million renovation financed by development firm XLD Group. The redesign ushers in the coming season by inviting guests to discover a new hospitality experience, hotel officials said. “The new 7,000 square-foot grand ballroom will enhance the […]
Nearly 10 years after breaking ground on its solar energy operations in Puerto Rico, global independent power producer Sonnedix announced the sale of 100% of its interest in its local operation to ArcLight’s Infinigen renewables platform. The financial terms of the transaction were undisclosed. The transaction includes Sonnedix USA Ltd, Sonnedix Solar Puerto Rico, Sonnedix […]
The management of environmental risks, more than a duty, is a necessity. Many companies have made this a priority understanding that losses related to environmental pollution constitute a direct impact on the financial stability of the business. For nearly four decades. AIG has been delivering environmental insurance solutions to businesses of all sizes. At AIG, […]
A healthy group of participants took part in the first orientation session under the new mentoring program for small retailers offered jointly by the Puerto Rico College of Certified Public Accountants and the Puerto Rico Economic Development Bank. “With this agreement we ensure that participants have first-hand information from professionals with extensive experience to help […]
Professional consulting firms CMA Architects & Engineers LLC (CMA) and Estudios Técnicos Inc. (ETI) will collaborate with Puerto Rico municipal governments in the development of their recovery plans as part of the efforts of the Municipal Recovery Planning Program, they announced. The municipal recovery program subsidized with CDBG-DR funds, will not only provide the municipalities […]
The business world has evolved in such a way that, today, creativity and technology go hand in hand to achieve better results. These in turn bring innovative business solutions for clients. Faced with this reality, the de la Cruz Ogilvy advertising firm presented “Creativity + Technology, a new revenue stream,” a forum aimed at giving […]
The Puerto Rico Manufacturers Association (PRMA) launched ehub, a personalized platform, inspired by virtual reality, which the trade organization said will provide “modern interaction through which users will have a unique experience never seen before in Puerto Rico.” The digital tool is aimed at creating connections, collaboration, marketing, promote products or services and integration with […]
Valet Seller, a software platform developed by Puerto Rican siblings Kevin and Maya Dunne, along with partner Andrew Michaud during the COVID-19 pandemic, which streamlines the process of selling products online for small and medium-sized businesses has been included in Forbes Magazine’s “The Next 1000” of 2021. This Forbes initiative puts the spotlight on up-and-coming business owners and […]
Medical research company Merck Puerto Rico announced the inauguration of its new offices in Metro Office Park in Guaynabo that “promote interaction, learning, experimentation, and empowerment among its employees as part of the transformation of its work culture to adjust to the times and face the future.” The new sustainable space was designed under the […]
The Puerto Rico Telecommunications Bureau (NET, in Spanish) of the Public Service Regulatory Board, the Department of Public Safety (DSP, in Spanish) and the 9-1-1 Emergency Systems Bureau (NSE, in Spanish) signed an interagency collaboration agreement with the goal of identifying emergencies and promptly restoring the telecommunications infrastructure after a catastrophic or atmospheric event. The […]
The Coronavirus Local Fiscal Recovery Fund, a $150 million pool of funds assigned through the American Rescue Plan Act (ARPA) of 2021, is officially open for all 78 Puerto Rico mayors who may dip into it upon signing an agreement with the Fiscal Agency and Financial Advisory Authority (AAFAF, in Spanish), Gov. Pedro Pierluisi announced. […]
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