NUC University moves forward with FL expansion
December 29, 2021
All seven Florida Technical College (FTC) campuses located in the southern state of Florida will now operate under NUC University, the college announced. With this last step, the institution will have unified all its education units and will complete the launch of its rebranding that started early 2020 in Puerto Rico. FTC offers 19 academic […]
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Puerto Rico among 30 jurisdictions exploring adoption of Apple Wallet digital IDs
December 28, 2021
Puerto Rico is among 30 jurisdictions that is exploring the possibility of adopting technology giant Apple’s digital ID feature, which would allow citizens to add their driver’s license or state ID to their iPhone’s digital Wallet application. The feature could go live early next year. The ID stored in the Wallet app could be used […]
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Puerto Rico hosts among top rated on Airbnb platform
December 28, 2021
The Airbnb short-term rental platform confirmed that two hosts in Puerto Rico stood out among the list of hosts who in 2021, during the COVID-19 pandemic innovated and provided better hospitality and boosted safety and hygiene protocols to guarantee comfort and well-being for their guests. Airbnb took on the task of finding the most prominent […]
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Op-Ed: US vs. Puerto Rico banks, who wins?
December 28, 2021
The Oracle of Ohama Warren Buffet cleverly stated some words that will live forever “Despite some severe interruptions, our country’s economic progress has been breathtaking. Our unwavering conclusion: “Never bet against America.” This statement was part of Berkshire Hathaway’s annual report letter written by Mr. Buffet that has become a yearly event. With the mantra […]
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MCS distributes $12M in performance bonuses to pharmacies, hospitals
December 28, 2021
MCS, through its MCS Conexión de Salud program, recently awarded more than $12 million in performance bonuses, distributed among pharmacies and hospitals in its provider network recognized for their “outstanding” performance related to the health and well-being of the patients they serve. “Despite the challenges the healthcare community has faced during the pandemic, the hospitals […]
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PREPA, MMM partner to offer more health benefits to employees, retirees
December 28, 2021
The Puerto Rico Electric Power Authority (PREPA) has selected health insurer MMM as its new provider, effective Jan. 1, 2022, the companies announced. MMM will offer services in partnership with First Medical, which represents “an unprecedented agreement” that will allow the public corporation’s retirees and employees to benefit from integrated medical care with innovative benefits. […]
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Fusionworks gets North American ‘Partner of the Year’ award from Prophix
December 28, 2021
Puerto Rican business intelligence and technology firm Fusionworks won the North American “Partner of the Year” award from Prophix, a corporate performance management (CPM) software developer that provides solutions for the consolidation of financial processes. Ahead of its 20th anniversary, Fusionworks was selected from hundreds of firms in North America, it confirmed. “As 2021 is […]
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Braemar Hotels & Resorts Inc. enters agreement to buy Dorado Beach Ritz for $187M
December 27, 2021
Braemar Hotels & Resorts, a real estate investment trust (REIT) focused on investing in luxury hotels and resorts, announced it has entered into a definitive agreement to acquire the 96-room Dorado Beach, a Ritz-Carlton Reserve in Dorado, for $186.6 million. The purchase price represents $1.7 million per key, including 14 luxury residences adjacent to the hotel […]
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Puerto Rico Ports Authority gets $10M grant from US Dept. of Transportation
December 27, 2021
The US Department of Transportation announced it has awarded the Puerto Rico Ports Authority a $10 million grant to fund the reconstruction of the Tender Pier and Dock B in the Pier 15 area in Old San Juan. US Department of Transportation Secretary Pete Buttigieg announced the award of more than $241 million in discretionary […]
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70% of Vimenti programs participants get jobs upon graduation
December 27, 2021
Vimenti — a Boys and Girls Club program originated in Santurce in 2018 — has established empowerment and job programs that have helped 7 out of 10 of its participants to find jobs in several areas, its Executive Director Bárbara Rivera, confirmed. The nonprofit created the “Empleabilidad y Carreras” program that helps people get jobs […]
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Reconstruction investments should push Puerto Rico’s economy to 2.0% growth in ’22
December 27, 2021
After a year of stabilization in the labor market and some economic sectors’ recovery following the dislocation caused by the COVID-19 pandemic, it is possible to expect a moderate economic growth of 2.0% by the end of fiscal year 2022, according to economic analysis firm Estudios Técnicos Inc. “The favorable performance of the Puerto Rico […]
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ChangeMaker Foundation: Promoting social entrepreneurship through data culture
December 27, 2021
This month, the Pivot Accelerator completed its second training cohort for social entrepreneurs focused on data culture and digital communications. This cohort sought to strengthen leadership in nonprofits and social enterprises in the art and culture sector. The Pivot Accelerator is the ChangeMaker Foundation’s main initiative. It aims to increase inclusive leadership capabilities in communications, […]
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Goldman Sachs entrepreneurial program graduates Puerto Rican execs
December 27, 2021
At a ceremony held at the Goldman Sachs headquarters in New York, Yari Rivas, co-founder of Alterna Communications, celebrated her graduation from the Goldman Sachs 10,000 Businesses 2021 National Cohort program in partnership with Babson College, ranked as the best entrepreneurial university in the United States. “This program has helped me strengthen the tools and […]
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Commercial Equipment Finance closes $90.9M financing transaction
December 27, 2021
Commercial Equipment Finance Inc. (CEFI), an independent commercial equipment finance company headquartered in Puerto Rico, recently closed a $90.9 million asset-backed security (ABS) transaction. The proceeds will be used to pay down existing warehouse lines and for general corporate purposes. This transaction represents CEFI’s inaugural securitization. The deal includes four classes of equipment contract-backed notes, […]
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FTC, Debt.com stats show 2916% surge in identity theft in US, PR
December 23, 2021
The COVID-19 pandemic is being blamed for an increase of 2916% of identity theft reports filed in the US and Puerto Rico, mostly related to government benefits, credit cards and online sales, statistics from the Federal Trade Commission and Debt.com show. Debt.com’s data shows that 46% of people whose identity was stolen was related to […]
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