DDEC opens Teodoro Moscoso Scholarship application cycle
November 3, 2021
The Department of Economic Development and Commerce (DDEC, in Spanish) announced the start of the application cycle for Youth Development Program’s Teodoro Moscoso Scholarship, aimed at students of technical, vocational, or hard-to-recruit careers, or who show economic need, who can win up to $40,000. The awards are divided into two categories — the first is […]
chat_bubble0 Comment
visibility1534 Views
Carbono3 opens call for applications for C3 Impact Lab Venture Building program
November 3, 2021
Carbono3 announces the 1st cohort of its C3 Impact Lab Venture Building program. Up to a total of 15 teams will be selected to receive the 12-month venture building support. An early submission application deadline will be available until Nov. 22, 2021. This early submission deadline will increase the chances of participation in the program […]
chat_bubble0 Comment
visibility2191 Views
Puerto Rican e-commerce platform Giftfully transforms gifting and rewarding
November 3, 2021
In time for the upcoming holiday season, e-commerce platform Giftfully — founded by two Puerto Rican women entrepreneurs — is offering an alternative in gift-giving with more than 100 local experiences available to present as gifts, incentives, or rewards. Nelia Villanueva and Marta Rivera, who made an initial investment of $50,000, head the operation that […]
chat_bubble0 Comment
visibility2149 Views
Frontier Airlines’ new JAX/LMM route to net $13M/yr. for Puerto Rico
November 2, 2021
Low-fare carrier Frontier Airlines has officially launched nonstop flights from Jacksonville International Airport (JAX) to the Luis Muñoz Marín International Airport (LMM), after announcing it would bridge the destinations in August, as News is my Business reported. The new connection is expected to generate $13.1 million for the island during a year of operations, local […]
chat_bubble0 Comment
visibility1974 Views
SBA-backed working capital loans to Puerto Rico up 68% in Fiscal ’21
November 2, 2021
The US Small Business Administration backed 411 7(a) working capital loans for $89.3 million in Fiscal ’21, exceeding by 68% the $53.3 million on record for Fiscal ’20 for Puerto Rico, the agency confirmed. The agency also confirmed it saw an increased amount of 7(a) working capital loans in Fiscal ’21 — by count and […]
chat_bubble0 Comment
visibility1620 Views
Colmena66 to host virtual Boricua Emprende Entrepreneur Fest
November 2, 2021
Colmena66 — a program of the Puerto Rico Science, Technology & Research Trust — is putting out an open call to register for the third annual Boricua Entrepreneur Fest (BE Fest), an entrepreneurship education event that “builds, connects and celebrates the island’s business ecosystem.” The BE Fest is an annual event designed for small and […]
chat_bubble0 Comment
visibility2493 Views
EDB’s Economic Activity Index shows 3.3% YoY growth in August
November 2, 2021
The Puerto Rico Economic Development Bank’s Economic Activity Index reflected a year-on-year increase of 3.3% for last August, which represents the sixth increase after 12 consecutive reductions, the agency confirmed. Compared to July, the same indicator reflected a slight improvement, an increase of 0.2%. “While it’s true that these are positive indicators, we’re also monitoring […]
chat_bubble0 Comment
visibility1872 Views
IGT PlaySports partners with The Stadium LLC to expand in Puerto Rico
November 2, 2021
International Game Technology PLC announced it has expanded its sports betting market footprint in Puerto Rico via a multi-year technology and services agreement with The Stadium LLC. The Stadium LLC owns and operates WinIn, a Puerto-Rico based entertainment company that has partnerships with eSports companies and the Liga de Béisbol Profesional Roberto Clemente baseball league that plans […]
chat_bubble0 Comment
visibility2648 Views
DNER transfers oversight of public beaches, recreational areas to 4 towns
November 2, 2021
The Department of Natural and Environmental Resources (DNER, in Spanish) has signed collaboration agreements with the municipalities of Humacao, Manatí, Toa Baja and Vieques so that each of the mayors can manage and improve the government-run public beaches and recreational areas. Most of the agreements are on an initial four-to-five-year term, renewable for up to […]
chat_bubble0 Comment
visibility2021 Views
MS The World cruise docking in San Juan today for 3-day visit
November 1, 2021
Seven years since its last visit, the MS The World residential cruise ship will arrive today at Pier 4 in Old San Juan for a three-day transit stop, following a port agreement between the line, the Health Department, the Port Authority as required by the Centers for Disease Control and Prevention, Ports Executive Director Joel […]
chat_bubble0 Comment
visibility1754 Views
USDA Rural Dev’t awards $23.7M grant to repair Juncos landfill
November 1, 2021
The USDA Rural Development has awarded the Municipality of Juncos $23.7 million in grant funding to repair its landfill facilities that were damaged by Hurricane María in 2017, Luis R. García, acting state director for Puerto Rico, announced. The Juncos Municipal Solid Waste Landfill receives approximately 35,105 tons of non-hazardous solid waste every year. Hurricane […]
chat_bubble0 Comment
visibility1956 Views
El Conquistador Resort’s Ballyhoo’s restaurant reopens after $1M reno
November 1, 2021
El Conquistador hotel in Fajardo announced the reopening of Ballyhoo’s restaurant, located at the property’s marina, following a $1 million renovation. The private investment includes a full kitchen remodel, expanding capacity for diners to accommodate 104 people, purchasing new furniture and raising the original ceiling. About 10 direct and 30 indirect jobs are created with […]
chat_bubble0 Comment
visibility3731 Views
Puerto Rico Senate rejects solar taxes to repay PREPA’s debt
November 1, 2021
The Puerto Rico Senate approved a resolution to order the Strategic Projects and Energy Committee to carry out an investigative process to identify alternatives to repay the Puerto Rico Electric Power Authority’s (PREPA) debt — which do not include solar taxes — and are in compliance with Act 17-2019, known as the Puerto Rico Energy […]
chat_bubble0 Comment
visibility1975 Views
Puerto Rico Treasury seizes 136 investment accounts in brokerage houses
October 29, 2021
The Puerto Rico Treasury Department confirmed the seizure of 136 investment accounts in local and US brokerages held by delinquent taxpayers, amounting to more than $3 million. Agency Secretary Francisco Parés said the figure includes interest, surcharges, penalties, and garnishment costs. “This action coordinated by the agency’s Revenue Bureau stemmed from the failure of taxpayers […]
chat_bubble0 Comment
visibility1635 Views
HealthproMed invests $1.5M in new health facilities in Vieques
October 29, 2021
Private nonprofit health care provider HealthproMed announced a $1.5 million investment to open a primary care clinic on the island municipality of Vieques, which has a population of 9,000 and has been lacking medical facilities. The clinic located in the Isabel II sector will be staffed by a total of 25 health professionals, including clinical […]
chat_bubble0 Comment
visibility2983 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA