If the past decade has shown anything is that Puerto Ricans look adversity in the eye and say, “bring it on!” An economic downturn that has lasted longer than that, the back-to-back hurricanes in 2017, the earthquakes that rocked the south, and the COVID-19 pandemic have hit hard, but residents of this island have found […]
The Securities and Exchange Commission announced charges against Puerto Rico-based Back to Green Mining LLC and its two managing members, José Jiménez-Cruz and Manuel Portalatín, for their participation in a fraudulent and unregistered offering in a purported “green” mining venture. The SEC’s complaint alleges that, from August 2016 until at least 2020, Back to Green, […]
The Puerto Rico Ports Authority received an additional $45.3 million grant from the Federal Aviation Administration (FAA) to help complete the estimated $130 million, five-year construction of the new runway at the Rafael Hernández International Airport in Aguadilla. “This new grant joins the one announced in September 2020 for $24.2 million from the FAA, as […]
Puerto Rican cooking seasonings brand Cooking with my Doctor, in business since 2018, is building on the success of its product line in the local market to export to the first three US mainland states, where it will begin its growth beyond the island’s shores. In an interview with News is my Business, Renzo Casillo, […]
Autopistas Metropolitanas of Puerto Rico, known as Metropistas, is marking 10 years since taking over the operation of Highways PR-5 and PR-22 through a public-private partnership with the government, confirming it has made some $170 million in infrastructure improvements. The money was put into the containment systems along the highways — such as the concrete […]
UK-based developer PASH Global announced Tuesday it will build a 1-MW ground-mounted solar farm for German pharmaceutical company Fresenius Kabi at its manufacturing site in San Germán. The new system will enable Fresenius Kabi to further reduce its environmental footprint by generating its own supply of renewable energy at the site, the company stated. The […]
The Department of Economic Development and Commerce (DDEC, in Spanish) and the University of Puerto Rico’s Mayagüez campus, signed a collaborative agreement to launch the second call for the Puerto Rico Innova program — a project that seeks local entrepreneurs — of which finalists may request a $100,000 incentive. The finalists may also request a […]
The University of Puerto Rico’s School of Medicine recently received $37,050 worth of personal protection equipment from EyeOn LLC, a local medical equipment and health products company. The material will be destined both for the protection of students and residents, as well as for those people at risk of contagion who carry out practices and academic […]
“The Plane,” the latest Hollywood feature film to be produced entirely on the island, will generate some $136 million for the local economy, including hotel stays, withholding tax payments and other investments, government and the movie’s staff confirmed. Filming began about four months ago and has moved to different locations in and outside the San […]
EnerDynamic Hybrid Technologies Corp., a Canadian company that does business in Puerto Rico, announced it has received an order for 141 storm- and earthquake-resistant homes in Arroyo, Carolina, and Vega Baja, representing $21 million in revenue. The so-called “net-zero” homes average about $150,000 and are developed with “virtually indestructible building materials powered by its ultra-light […]
The University of Puerto Rico Law School Trust announces the Symposium on Bankruptcy, an event aimed at both the practicing lawyer in the bankruptcy area, lawyers interested in the area and students. The virtual event will take place Sept. 29-30, starting at 9 a.m. through the Zoom platform. The event will feature the participation of […]
The Puerto Rico Credit Union Executives Association (ASEC, in Spanish) announced its upcoming 20th local convention under the slogan “Cooperative Reinvention: Human, economic and digital approach” on Sept. 24-25. The event, which will take place at the Embassy Suites Dorado del Mar Beach Resort will be in person and will comply with all security protocols […]
ORLANDO, FL — Strengthening of commercial relations between Puerto Rico and this central Florida city by creating bilateral opportunities for business development and contributing to Puerto Rico’s reconstruction — especially in the southern region — was part of the recent visit of Gaby Ortigoni, executive director of the Hispanic Chamber of Commerce of Metro Orlando […]
The Puerto Rico Blockchain Trade Association (PRBTA), in collaboration with Metaverso, CoinAgenda Caribbean, Limitless, and Invest PR announced the first edition of “Puerto Rico Blockchain Week” to take place Dec. 6-12 in San Juan. During the week, attendees will have the opportunity to connect via various events such as workshops, meetings and meet ups with […]
EDITOR’S NOTE: This post is a collaboration from Grupo Guayacán, as part of its 25 Days of Giving campaign. It’s hard to resist a hot, frothy, fragrant cup of coffee served at the perfect time. Coffee lovers will understand. Therefore, we may think that the business of serving coffee has assured success. But this is […]
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