Copan Industries Inc. in Aguadilla has announced an $78 million expansion of its facilities, $9 million of which will be used primarily for construction, while the remainder will be used for machinery and equipment, officials said. “This expansion will help more professionals have job opportunities, stay here and contribute to the economic development of our […]
Puerto Rico Economic Development Bank President Luis Alemañy announced the creation of the Center for Economic Studies to benefit of small- and mid-sized businesses, entrepreneurs and investors. The expectation is that through this center, the bank can regularly publish certain economic and financial metrics from the macroeconomic point of view but landing on the micro […]
SLS Tech has become the first remote continuing education company in Puerto Rico to accept cryptocurrencies as one of its payment methods, President Ian Falú said. “Since last year, we had the desire to expand the offer of payment options and we got approaches from users, listening to this possibility. This year we were given […]
The word “optimism” was repeated a number of times during the Puerto Rico Chamber of Commerce’s presentation of the 2021 studies establishing the level of confidence by local entrepreneurs and consumers. In both cases, the research concluded that there are high expectations for improved economic conditions moving forward. While economic analysis firm Estudios Técnicos prepared […]
Startup accelerator gener8tor has announced the five companies participating in its gBETA San Juan Summer 2021 cohort. This is the first gBETA program for gener8tor in Puerto Rico and the first gener8tor program to be offered in both English and Spanish. The five Puerto Rico-based startups selected — YO+, The Happy Givers, Hyperion, PolyGhost and […]
The head of the Puerto Rico Farm Bureau raised a red flag over the adjustments and cutbacks of more than $58 million to Agriculture Department programs included in the Fiscal 2022 budget, which “put major farmer aid programs at risk.” Bureau President Héctor I. Cordero-Toledo said information provided by the Administration for the Development of […]
The Puerto Rico Ports Authority broke ground on the $12.8 million reconstruction work on the passenger terminal and other structures, including the runway, at the Antonio Rivera Rodríguez regional airport in Vieques, Executive Director Joel A. Pizá-Batiz announced. “The main objective of the terminal project is to repair several structures, including the passenger terminal, which […]
The Conquistador Resort, which was battered and shut down by Hurricane María in September 2017, will reopen partially, following COVID-19 protocols. During a ribbon-cutting ceremony at the historic property, owners Royale Blue Hospitality Group, which bought the property in 2019, confirmed that in the initial phase, 230 of the 700 rooms will be available. The […]
The Fiscal Agency and Financial Advisory Authority (AAFAF, in Spanish) held its first workshop organized by the Institute for Professional Training and Public Fiscal Governance, targeting all chief legal officers of the Commonwealth’s government agencies. The Institute seeks to address the need to develop and train government human resources on fiscal, economic and governance matters, […]
Looking to evaluate Puerto Rico’s minimum wage and to promote a possible increase from the current $7.25 hourly rate, Gov. Pedro Pierluisi has convened the Governor’s Advisory Group on the Minimum Wage, which will be chaired Chief of Staff Noelia García and will integrate members of the public and private sectors. “Wage inequality is one […]
A study by nonprofit Excelencia in Education on university education in Puerto Rico revealed that, in the last 20 years, there has been a 40% increase in the total number of university degrees awarded, from 31,469 to 44,137, despite the fact that students do not have financial aid from scholarships fit for the rising cost […]
The annual celebration of World Bee Day on May 20th, as recognized by the United Nations, is setting the stage for the emergence of the “Puerto Rican Bee,” scientifically known as gAHB, or Africanized gentle honeybee. This species of bee exclusive to Puerto Rico is hybrid, has unique genetics and has proliferated locally thanks to […]
The United Retailers Association (CUD in Spanish) and the Puerto Rico Innovation and Technology Service (PRITS), signed for the first time an alliance aimed at designing and developing projects to improve and update several of the government’s technological platforms to benefit individuals and local businesses. “We need to join forces to develop technological and information […]
The Puerto Rico Chapter of The Associated General Contractors of America is calling on all civil, mechanical, and electrical engineering students with a GPA of 3.0 or more, and financial need to apply to the association’s financial assistance program. The financial assistance program for future engineers has benefitted more than 150 students during the last […]
Spain’s flagship airline, Iberia, will resume its San Juan/Madrid direct connections starting July 2, with three weekly flights out of the Luis Muñoz Marín International Airport (LMM). The traffic will represent $8.5 million in economic benefit for Puerto Rico over a year. Iberia will be operating the Madrid-San Juan route on Tuesdays, Fridays, and Sundays […]
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