Habitat for Humanity delivers apartments in Santurce worth $1.9M to 12 families
December 21, 2021
The dream of homeownership became a reality for 12 families with the help of Habitat for Humanity of Puerto Rico, which delivered apartments worth a combined $1.9 million in Santurce. The investment was financed through a $50 million donation from biopharmaceutical company AbbVie. The project located on Ponce de León Ave. included the acquisition, rehabilitation, […]
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28 Puerto Rican startups ready to participate in 4th generation of pre18 program
December 21, 2021
Following five weeks of open calls and an extensive and competitive evaluation process, parallel18, an organization that belongs to the Puerto Rico Science, Technology and Research Trust, selected 28 Puerto Rican companies that will participate on the fourth generation of the local pre-acceleration program pre18, starting Jan. 24, 2022. With the slogan “Sácala del parque” […]
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SBA Puerto Rico partners with Friends of Puerto Rico
December 21, 2021
The U.S. Small Business Administration Puerto Rico/US Virgin Islands District Office signed a Strategic Alliance Memorandum (SAM) with Friends of Puerto Rico, a nonprofit that that supports the economic development of the people of Puerto Rico through entrepreneurial initiatives and education, which creates opportunities for women. SBA District Director Josué E. Rivera and Friends of […]
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Starbucks opens 1st drive-thru only store in Puerto Rico
December 21, 2021
Baristas del Caribe, LLC, the operating licensee of Starbucks in Puerto Rico, announced the opening of its first drive-thru only Starbucks store on the island. At 660 square feet, the Starbucks Dorado Express is in Dorado’s Maguayo sector. “This new store has been designed to provide a unique, convenient, safe and relaxed experience for our […]
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New Puerto Rico Rum Journey route promotes local distilleries
December 21, 2021
Puerto Rico Rum Journey, a tool to generate traffic and facilitate visiting different rum distilleries located throughout the Island, was unveiled recently to allow users to interact with seven distilleries, create a route of visits, and make reservations for excursions, tastings, seminars, and mixology classes, among other experiences. The app — available for download through Google Play and […]
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Puerto Rico Treasury processes 99% of returns filed this taxable year
December 20, 2021
The Puerto Rico Treasury Department confirmed that despite the need of more staff, close to 1.2 million income tax returns for individuals and corporations for taxable year 2020 have been processed, which represents 99% of the total returns filed. Of that total, about 1 million have received their refunds. “We have quickly disbursed close to […]
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DDEC, SBA urge SMEs and to apply for COVID-19 recovery loans before Dec. 31
December 20, 2021
The Department of Economic Development and Commerce (DDEC, in Spanish) and the U.S. Small Business Administration are urging small and medium-sized enterprises (SMEs) and nonprofits to apply for the Economic Damage Disaster Loan if their operations have been hit by the effects of the COVID-19 pandemic before the Dec. 31 deadline. On Oct. 8, the […]
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SBA Puerto Rico, USVI District seeks nominations for Small Business Week ’22
December 20, 2021
The U.S. Small Business Administration and the SBA Puerto Rico and US Virgin Islands District are accepting nominations for national and local awards to be presented as part of National Small Business Week 2022, including the Small Businessperson of the Year award. The SBA has a dedicated website to download forms, criteria, and guidelines for submitting a […]
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USDA grants Puerto Rico $38.5M to improve critical rural infrastructure
December 17, 2021
The US Department of Agriculture granted $38.5 million to nine projects in Puerto Rico, which will improve critical rural infrastructure, the agency announced. Through this funding, the US government hopes to help expand access to high-speed internet, clean water and reliable electricity in people’s homes and businesses across rural areas, it said in a statement. […]
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Puerto Rico tourism industry recovers 96% of jobs lost with COVID-19
December 17, 2021
The strong 2021 reactivation of tourism in Puerto Rico allowed the industry to recover about 96% of the jobs lost in the Leisure and Hospitality sector during the COVID-19 pandemic, Discover Puerto Rico confirmed. Data from the US Bureau of Labor Statistics (BLS) show that between March and April of 2020, the number of people […]
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PRiMEX: 70% of Puerto Rico’s manufacturing buildings show structural damage
December 17, 2021
The Puerto Rico Manufacturing Extension Inc. (PRiMEX) released two studies analyzing the state of the island’s manufacturing infrastructure, which concluded that more than 70% of 160 buildings inspected are still dangerous after the earthquakes that hit two years ago. The studies also showed that more than 85% of the small and medium-sized manufacturing companies on […]
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Snabb partners with Health Gorilla to establish nat’l lab network in Chile
December 17, 2021
San Juan-based Health Gorilla, a provider of interoperability solutions in Latin America, and Snabb, a healthcare scheduling platform in Chile, have partnered to create one of the country’s first national laboratory networks. Snabb has built clinical partnerships with a variety of providers in Chile and allows patients to quickly schedule an appointment with any telehealth […]
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Realty ONE Group to open offices in Puerto Rico
December 17, 2021
Real estate firm Realty ONE Group will be making its entrance into the Puerto Rico market through the recent sale of its franchise rights to a broker already familiar with the “purpose-driven lifestyle brand.” Greg Bardell, the broker/owner of Realty ONE Group Unlimited in Lancaster, PA, will develop Puerto Rico and the entire Eastern Caribbean […]
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PRHTA awards best of Puerto Rico’s tourism
December 17, 2021
The Puerto Rico Hotel & Tourism Association (PRHTA) recently held its traditional Tourism Superstars award ceremony, which acknowledges the outstanding performance of supervisors and managers of all levels in the island’s tourism industry. The event took place at the San Juan Marriott Resort & Stellaris Casino, in Condado. PRHTA has celebrated this event for more […]
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Gov’t revokes 121 tax incentives decrees under Act 22
December 16, 2021
The Department of Economic Development and Commerce (DDEC, in Spanish) has revoked 121 tax incentive decrees to Act 22 (now Act 60) beneficiaries who failed to submit annual reports to the agency, as the law required. Carlos Fontán, director of the DDEC’s office of business incentives in Puerto Rico, said in April, the agency began […]
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