FCC green-lights 2 wireless providers to deploy more spectrum in Puerto Rico
May 10, 2021
The Federal Communications Commission (FCC) has given the go-ahead to Federated Wireless Inc. and Key Bridge Wireless LLC — two companies that will work to deploy more wireless spectrum in Puerto Rico, based, for the first time, on the 3.5 GHz band. In a release, the regulatory agency said the approval will make the “critical” […]
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Mojito Beach Bar, other tenants opening shops at the Carolina public beach
May 10, 2021
Mojito Beach Bar, a business located in Playa Santa in the southwestern town of Guánica, will be opening a second location at the Carolina public beach — known as the Balneario de Carolina — looking to expand beyond the earthquake-affected region, News is my Business confirmed. This is one of several new tenants that will […]
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Trailer Bridge signs 1st long-term agreement with Puerto Rico Ports Authority
May 10, 2021
Trailer Bridge Inc., headquartered in Jacksonville, FL., announced it has signed a 20-year lease agreement with Puerto Rico Ports Authority for the Army Terminal. This is the company’s first long-term agreement with the port since its inception, “signaling Trailer Bridge’s continued commitment to providing weekly sailings to support shipper’s needs to and from the island,” […]
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Liberty Puerto Rico nearly triples revenue in 1st full quarter after AT&T acquisition
May 7, 2021
Liberty Puerto Rico reported a combined revenue of $361.3 million during the first quarter of the year, a growth that benefited from the inclusion of AT&T’s wireless and wireline operations. When compared with the same year-ago quarter, when $104.6 million in revenue was reported, the current figure represents a 245% jump, according to the company’s […]
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Mother’s Day sales will be hybrid this year, retailers say
May 7, 2021
The COVID-19 pandemic has represented significant losses for businesses in Puerto Rico, and upcoming Mother’s Day sales may not be the exception, local retailers confirmed. However, executives interviewed by News is my Business confirmed that sales will be in hybrid format — with at least 40% of the activity taking place online. “This year, we’ve […]
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Earth gift invests $800K to open 3 new medical cannabis dispensaries
May 7, 2021
Medical cannabis operator Earth gift announced the opening of three new dispensaries, at an investment of $800,000, in Luquillo, Humacao and Caguas. The new locations will add 30 full-time jobs and some 15 indirect jobs, company officials confirmed. The three new shops opened two years after the second location was inaugurated and in the midst […]
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MIDA tweaks annual convention, Consumer X-Ray due to pandemic
May 7, 2021
The Chamber of Marketing, Industry and Food Distribution (MIDA, in Spanish) announced that, in response to the situation that the island is going through with the increases in infections by COVID-19, the events related to its annual convention are moving forward, although, but split into different dates. MIDA President Ferdysac Márquez said the event has […]
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Uber launches Eat Pass membership program in Puerto Rico
May 7, 2021
Uber announced that it is now available on the island Eats Pass, the first and only membership program that allows users of the Uber Eats and Uber apps access to a range of benefits and discounts. During the launch period the company will be offering all their users the first month of membership for free. […]
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Walmart, Sam’s Club offering walk-in COVID-19 vaccines at 27 pharmacies in Puerto Rico
May 7, 2021
Walmart and Sam’s Club announced that COVID-19 immunizations are now available in 27 pharmacies in Puerto Rico. Vaccines are being administered via both walk-in and scheduled appointments, providing options for customers and employees to get protected against COVID-19 where they already shop for groceries and health care essentials. Additionally, the company is rolling out new […]
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Supermercados Selectos unveils $10M distribution center expansion project
May 6, 2021
Looking to double the footprint of its current building through a $10 million investment, Supermercados Selectos announced expansion plans for its distribution center in Dorado, a step they said will strengthen its inventory and supply capacity. “This expansion is an important step for the families of Supermercados Selectos and will catapult the chain as one […]
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Jobs in San Juan down 7.3% Y-O-Y in Sept. ’20, Bureau of Labor Statistics says
May 6, 2021
Employment in Puerto Rico’s only large county, the municipality of San Juan, decreased 7.3% from September 2019 to September 2020, the US Bureau of Labor Statistics confirmed. Large counties are defined as those with 2019 annual average employment of 75,000 or more. Chief Regional Economist Martin Kohli noted that in September 2020, San Juan’s employment […]
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7th edition of CIO & IT Leadership Conference will take place virtually
May 6, 2021
The Puerto Rico Information Technology Cluster (PRITC) announced that it will hold the 7th edition of its CIO & IT Leadership Conference — this time virtually — on May 14. This conference is known for “being the most important and popular main platform of the island’s computer industry,” organizers said. One of the main issues […]
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MetalMax Caribe LLC. opens $1.3M manufacturing plant in Naranjito
May 6, 2021
Puerto Rican operation MetalMax Caribe, LLC. unveiled its development plans to the Department of Economic Development and Commerce (DDEC, in Spanish) that include a new plant for the manufacture and distribution of products made with a variety of metals such as aluminum, galvalume, stainless steel and galvanized steel, for the construction industry, among others. This […]
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USDA seeks grant applicants to offset high energy costs in rural area
May 6, 2021
The US Department of Agriculture announced it is seeking applications for grants to offset high energy costs in rural areas, a benefit that has never been requested in Puerto Rico. The USDA is making the grants available under the Rural Energy Cost Grant program. This program helps state and local government and nonprofit agencies acquire, […]
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Abarca announces ’21 Better Care Community Program winners
May 6, 2021
Pharmacy benefit manager company Abarca announced the 2021 winners of its Better Care Community Program. Now in its second year, this philanthropic initiative provides health-related charities in Puerto Rico and Florida with financial and volunteer support. “Our organization is grounded on the belief that we can do better. This program allows us and our employees […]
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