The Coliseo de Puerto Rico José Miguel Agrelot in Hato Rey is preparing for its reopening and the resumption of events and concerts with the completion of 14 improvement projects at an investment of $2.2 million, Mariela Vallines, executive director of the Conventions District, which oversees the venue. “In addition, 27 other necessary improvement projects […]
A long-time executive is retiring and is being succeeded at Popular Inc., while two executive appointed at a credit card company and the Puerto Rico Junior Chamber of Commerce are featured in this edition of Climbing the Corporate Ladder. Rullán to retire from Popular Inc.; González-Noguera to succeed herTeruca Rullán, senior vice president in charge […]
The Chairman of the Public Service Regulatory Board (JRSP, in Spanish), Edison Avilés-Deliz, announced that earlier this week, the operational offices of the Bureau of Transportation and other Public Services (NTSP, in Spanish) have moved into new headquarters at Stop 18 in Santurce. This is the same building that houses the Telecommunications Bureau’s offices. The […]
Plaza Centro 1 shopping center, owner MJS Caguas Limited Partnership, faces a $24.6 million collection and foreclosure lawsuit from U.S. Bank National Association, filed last week in the Caguas Superior Court. The lawsuit corresponds to an outstanding $28 million loan originated by Canadian Imperial Bank of Commerce in January 2011. The loan is payable on […]
The U.S. Small Business Administration’s Paycheck Protection Program has approved $283.8 million in loans in Puerto Rico and another $171.2 million in the US Virgin Islands through the week of Feb. 15, it confirmed in a report. The second round of funding began on Jan. 11, and so far, participating local credit unions and banks […]
Acrecent Financial Corp. announced it partnered with BluHaus Capital, Puerto Rico Fund for Growth, and Farragut Capital Partners to extend a $13 million bridge loan to Puerto Rico Hospital Supply. Since its founding in 2004 Acrecent has consistently made credit accessible to small- and mid-sized enterprises (SMEs) — at times against challenging backdrops including the […]
Puerto Rico’s Destination Marketing Organization, Discover Puerto Rico, has been following the pent-up demand that has been building up among people who have been unable to travel but are still dreaming of their next vacation. The organization’s focus has been inspiring responsible travelers by positioning Puerto Rico as a safe destination, while keeping the brand […]
On April 14, thousands of people will have the opportunity to join in a massive head shave and hair donation — in a virtual format — in solidarity with pediatric cancer patients and the medical and nursing staff of the Pediatric Hospital in the Río Piedras Medical Center. The “Pásate la Máquina Challenge” is a […]
An estimated 30,525 taxpayers have not received the disbursement of the $600 financial stimulus, reportedly due to errors in their bank information, Treasury Department officials said. “They must have received a message, either by email or through the platform, indicating a rejection [of the deposit] by the bank. They have to update their bank information […]
Liberty Puerto Rico announced it is launching Liberty Delivers, a new delivery service available for the company’s current residential and business customers at no extra cost. The new service delivers replacement or additional equipment to customers’ homes or businesses in less than an hour, the company said. Through Liberty Delivers, customers can receive replacement or […]
Entrepreneurs throughout Puerto Rico will have the opportunity to participate in the 13th edition of the Guayacán Venture Accelerator (GVA), the executive development program offered by Grupo Guayacán for established companies that wish to accelerate their growth. This year, the GVA program will be offered virtually, to facilitate access for participants, organizers said. The closing […]
uerto Rico’s Economic Activity Index, released by the Economic Development Bank, revealed a 6.4% year-over-year drop in December 2020, marking the 10th consecutive decline after 20 months of year-on-year increases. Agency President Luis Alemañy said the EAI reached a level of 115.7, which was essentially flat — showing a 0.3% increase — when compared to […]
Less than three weeks after announcing an agreement with local laboratory chain CMT Group, Luis Muñoz Marín International Airport officials confirmed the start of COVID-19 testing at the main airport facility. The initiative seeks to provide passengers arriving and leaving the island a “simple and agile option” to comply with the prevention standards established by […]
Puerto Rico will finally sit at the table of the global discussion on the Blue Economy tied to the sea, with the Bluetide Puerto Rico marine innovation program, and its initiative “Blue my Mind” with more than $400,000 to be distributed for promoting sustainable development projects tied to the ocean. “Blue my Mind” seeks to […]
The U.S. Department of Agriculture announced an extension of eviction and foreclosure moratoriums on USDA Single Family Housing Direct and Guaranteed loans through June 30, 2021. The actions announced will bring relief to at least 1,227 cases currently open in Puerto Rico, local agency officials announced. Of those, 617 cases are in foreclosure, 321 have […]
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