Pharmacy chain Walgreens announced it will increase the starting hourly wage for all employees to $15 an hour, taking effect in phases beginning in October, expecting to fully implement it by Nov. 1, 2022. The pay raise will apply to Puerto Rico employees across Walgreens’ 106 stores, Eileen Ortega, director of operations for Walgreens Puerto […]
The Puerto Rico Ports Authority announced the opening of the Bravo taxiway at the José Aponte de la Torre de Ceiba Regional Airport, following an investment of more than $3.7 million in local and federal funds. The Bravo taxiway is one of the main access points for aircraft from and to the runway during take-off […]
Small and medium sized enterprises (SME) are often called the “backbone” of Puerto Rico’s economy. They account for 95% of the business on the island and almost half of all the jobs in the private industry, and they are key for stimulating entrepreneurship and developing a strong economy. That’s why we support SMEs. From special […]
Oriental bank announced a new partnership with nonprofit organization Kinesis — a foundation focused on providing resources for students to achieve a competitive education — to provide financial guidance seminars to more than 40 students who participate in the Bright Stars program. “Oriental’s Corporate Social Responsibility program is focused on financial education, entrepreneurship and social […]
The Economic Development Bank for Puerto Rico (EDB) bestowed grants of up to $50,000 that added up to more than $1.4 million to small- and mid-sized businesses in the town of Bayamón that were affected by the passage of Hurricanes Irma and María. The government agency approved and closed 34 applications for businesses in Bayamón, […]
Puerto Rico’s new car sales reached 10,926 units in July, representing a year-over-year growth of 3.12% in July, the United Automobile Importers Group (GUIA, in Spanish) announced. A total of 10,595 new vehicles were sold in July 2020. “The month of July closed as the July with the highest sales in history,” GUIA President Ricardo […]
As part of its commitment to vulnerable populations, FirstBank sponsored the National Dog Day event held by Vivo Beach Club and donated to two nonprofit organizations dedicated to the adoption and care of dogs on the island. El Foster Club, whose mission is to create a support network to house abandoned animals until they find […]
PRoduce has received a $1.8 million capital injection led by the Semillero Partners fund to improve the consumer’s shopping and food experience, while increasing support for local entrepreneurs including farmers, fishermen, coffee collectors, and artisanal producers. The company selected Semillero Partners to lead the funding round because it is a local investment fund and because […]
Puerto Rican software engineering firm INVID, founded in 2003, has upheld its growth curve for the past three years with services offered to local and nearshore companies — in the US mainland — in need of custom software to solve business challenges. Alberto Lugo, president of INVID, said while 2020 was a “very challenging year, […]
Any commerce page on the web must sell well. It has no other use. Convert visitors into customers. Ensuring this functionality requires basic design strategies, superb content, and certain artistic magic, like that of top showcase decorators in real stores. BROWSE — The first approach is to ensure navigability. The word “browse” is used in […]
Just think of the hundreds of compelling places across the globe — exotic beaches, tropical rain forests, charming villages, thriving cities — that could make for an ideal spot for a vacation or business event. Competition is fierce in the travel industry, during even the best of times. And that makes the work being done […]
FV Bank, a dual licensed challenger bank and digital asset custodian, announced the closing of its Series A funding round worth $8 million. The fundraise, led by BnkToTheFuture, Decentralized Ventures, NFG Fund, CCIX Global, Zenrain Technology, and Satvat, boosts FV Bank’s post money valuation to $48.9 million, the entity said. Founded in 2018 by payments entrepreneurs […]
California-based Health Gorilla, a company dedicated to managing interoperability platforms in Puerto Rico, and the Health Department announced that more than 1 million residents have connected to the Puerto Rico Health Information Exchange (PRHIE) network in 60 days of program launch. This initiative enables healthcare providers to access and share patient medical record data securely […]
The U.S. Department of Agriculture is seeking input on ways to better help rural businesses and agricultural producers develop and market new products. The USDA is interested in recommendations to improve the application process and eligibility requirements for the Value-Added Producer Grant Program, which receives at least 12 petitions a year from Puerto Rico farmers, […]
Walmart Puerto Rico has begun to quietly test its curbside pickup service for online purchases at its Supercenter in Plaza Cayey, to potentially introduce that new alternative to the Puerto Rico market, News is my Business learned. The store appears as the only one listed on Walmart’s website for Puerto Rico as a location where […]
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