Starting Nov. 13, 2021, Southwest Airlines will begin Saturday-only service between both St. Louis and Buffalo/Niagara Falls and the Luis Muñoz Marín International Airport (LMM) in Carolina, the carrier announced. The new flights to Puerto Rico will have an initial economic impact of about $1.2 million during the months of November and December, Puerto Rico […]
V2A Consulting, a strategic consulting and operational management firm with more than 16 years of experience advising organizations from various sectors, kicked-off the 2nd edition of its virtual internship program “WeServe Fellows” this week. The 2021 class of “WeServe Fellows” includes 20 university students from Puerto Rico and the Dominican Republic who will contribute to […]
Puerto Rican coffee producer Café Oro will expand its manufacturing operations with a $2.4 million investment in equipment, in keeping with plans to export its product. The company has also received the support of the Department of Economic Development and Commerce (DDEC, in Spanish) through incentives, agency Secretary Manuel Cidre confirmed. To achieve its expansion […]
The Puerto Rico Energy Bureau has approved $1.2 billion to be used for all electrical infrastructure projects included in the Puerto Rico Electric Power Authority’s (PREPA) 10-year infrastructure plan. “These projects are an important step in the implementation of Puerto Rico’s energy policy. As the entity in charge of directing and implementing this public policy, […]
The Puerto Rico Innovation and Technology Services office (PRITS) is getting ready to launch an interoperability platform that will allow the synchronization of citizen data for accessibility of documents, in an attempt to reduce government bureaucracy. “The Government of Puerto Rico is the custodian of citizen data; therefore, it’s the citizen who must know all […]
United Kingdom’s cruise line Virgin Voyages has chosen San Juan as the homeport for the Resilient Lady ship, which will offer trips in the Caribbean starting in November 2022. Puerto Rico Ports Authority Executive Director Joel Pizá-Batiz confirmed published reports, saying “we’re very happy that new cruise lines have considered the unique attributes of the […]
The Tourism Business Council recommended promoting areas of tourist interest in Puerto Rico through the investment of federal money, to promote self-sufficiency and sustainable economic development. “It’s imperative that a portion of the federal funds that the island has received are invested in a long-term economic development plan in which tourism is the spearhead,” said […]
Invest Puerto Rico (InvestPR), the Island’s economic development organization, is moving ahead with its strategy to reshore BioScience activities back to the US, through the “Accelerate Success” campaign with the underlying theme that the future of BioScience is in Puerto Rico The campaign, which highlights Puerto Rico’s assets and value proposition for life science manufacturing and R&D, is part of InvestPR’s overall strategy to elevate Puerto […]
In less than two months, Puerto Rico’s Olympic delegation, comprising more than 80 people including athletes, trainers, and technical staff, will start heading to the Olympic Games Tokyo 2020 to represent the island. The Puerto Rico Olympic Committee (COPUR for its Spanish acronym) and the athletes need support, so Walmart has teamed up with […]
The U.S. Bankruptcy Court for the District of Puerto Rico received 1,718 petitions from January to May, when filings were down 18.3% in comparison to the same five-month period in 2020, according to information provided by local research firm Boletín de Puerto Rico. When broken down into categories, about 711 of those petitions were under […]
Department of Economic Development and Commerce (DDEC, in Spanish) Secretary Manuel Cidre is heading to Washington D.C. this week to attend to “matters of high interest in favor of Puerto Rico’s economic development,” the agency announced. “It’s a loaded agenda, with key people who can be our allies when it comes to advancing our economic […]
Recognizing the economic development opportunity represented by the sustainable recovery of timber in a region increasingly prone to hurricanes, the US Department of Agriculture (USDA) Forest Service (USFS) awarded a grant to the GreenWood organization to provide training opportunities and market access to Puerto Rican workers. William Gould, director of theUSDA Caribbean Climate Hub, said the Wood Innovations […]
Puerto Rico Cocktail Week (PRCW) is heading out west as part of the PRCW Isla initiative, a local cocktail trip to different municipalities, bars and restaurants, where it will offer free educational workshops for bartenders and industry workers, organizers said. PRCW Isla, jointly with the participating bars, will be offering tastings and events to continue […]
The Federal Communications Commission (FCC) confirmed that 65,868 households in Puerto Rico have enrolled in the Emergency Broadband Benefit subsidy program initiated by Congress earlier this year. Since mid-May, more than 2.3 million households in all 50 states, Washington, D.C., Puerto Rico, US Virgin Islands and American Samoa were approved to receive a discount on […]
MN Investments, LLC, a real estate company dedicated to the acquisition, renovation and management of multifamily properties, announced that it closed a $5 million financing facility with Parliament Capital Management, LLC that will allow the acceleration of its growth and expansion in the market. Currently, the company has a portfolio of 220 apartment units throughout […]
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA