The Duke and Duchess of Sussex — Prince Harry and Megan Markle — will be partnering with World Central Kitchen through their nonprofit Archewell Foundation to fund the construction of four Community Relief Centers throughout the world, including one in Puerto Rico. The couple made the announcement in a statement released Sunday, confirming their nonprofit’s […]
The United Way of Puerto Rico and the Puerto Rico Food Bank were two of the 384 nonprofits that will split $4.2 billion in charitable giving from philanthropist MacKenzie Scott, co-founder of Amazon and the richest woman in the world. In a post she published late last week, Scott said the economic and health-related losses […]
Looking to identify new external resources destined for the University of Puerto Rico and to promote the development of the real estate industry, the institution unveiled a new real estate and investments website, a public platform to share information about the properties that the university system has for sale or rent. Since the UPR’s Real […]
Pepsi-Cola Puerto Rico Distributing recently announced that its supply chain is undergoing a series of improvements, including a $7 million modernization of its fleet of vehicles. As part of the initiative, the distributor bought 48 new trucks, labeled with the iconic Pepsi and 7UP brands, to deliver and distribute its products to points of sale […]
The news story sounded like something out of an apocalyptic science fiction movie or a dystopian novel. At the beginning of December, and in the midst of a global pandemic, water began to trade on the stock exchange in the United States in the commodity futures market. Chicago-based CME Group launched contracts back in September […]
Following a three-year recovery and rebuilding effort, the Hyatt Residence Club Dorado, Hacienda Del Mar reopened over the weekend. The resort had been closed since Hurricane Irma hit Puerto Rico on Sept. 6, 2017, followed 12 days later by Hurricane María. As owners, members and guests return to the property, they will see renovations that […]
The Mano Amiga Program of Plaza Las Américas and Plaza Del Caribe Foundations announced they will donate $190,000 to 17 Puerto Rico nonprofits, which will directly benefit 14,000 lives affected by the COVID-19 pandemic. “The COVID-19 epidemic has disrupted the way nonprofit organizations offer support to communities in need,” said Jaime Fonalledas-Rubert, chairman of the […]
Looking to find new opportunity during a year of reinvention, Puerto Rico Cocktail Week unveiled its Cocktail To-Go platform through whichit offers the public the opportunity to enjoy their favorite cocktails at home through a “box program” and a cocktail display in alliance with the specialty wine and beverage store The House. The box program […]
Former long-time Sprint executive Yolanda “Yoly” Torres-Cuesta has shifted from telecommunications to retail, with the recent opening of Pisadas de Barcelona, a $35,000 venture into sustainable footwear. The virtual concept features footwear from the Mumka Shoes line for women and children, as well as bags and backpacks. In January 2020, Torres-Cuesta decided to leave the […]
Solid waste management and disposal company, EC Waste, announced that as part of its policy of periodic renewal of the vehicle fleet, it has put up for sale some 70 vehicles and equipment classified as surplus. “We renew our fleet periodically to keep our equipment in optimal conditions,” said Jorge Alexis Meléndez, health, safety and […]
Invest Puerto Rico (InvestPR) provided an overview of its achievements in 2020, which included secured new business commitments including 3,500 new jobs, $58 million in capital investment, and an average payroll of $51,000 per job. During a virtual presentation, the island’s official investment promotion organization shared the results presented in its annual report, detailing the […]
The Parallel18 startup acceleration program is marking its fifth anniversary with a rundown of its achievements so far, which include receiving 4,340 applications, graduating 211 companies of which 35% are from Puerto Rico and seeking 85% of them survive despite trying economic times. During a presentation, Parallel18 officials said $1.3 million were distributed in grants […]
Puerto Rican men’s clothing retailer Clubman unveiled its new hybrid concept that includes a virtual store and a new pick-up service at its flagship store in Santurce. The online store, which entailed a $25,000 investment to set up, features all of Clubman’s collections, from casual to formal. Shoppers can choose to pick-up their purchases at […]
The Puerto Rico Department of Transportation and Public Works’ CESCO Digital app has already garnered one million users and has collected more than $38.4 million for the government through a number of possible transactions, Puerto Rico Innovation and Technology Services director Glorimar Ripoll-Balet said. The implementation of this the mobile app, which is part of […]
Causa Local and the Cooperative Development and Investment Fund (FIDECOOP, in Spanish) announced an alliance in which FIDECOOP will recommend and endorse businesses they identify as eligible to apply for micro-loans of up to $15,000 at 0% interest from the kiva.org crowd-lending platform. FIDECOOP, a financing fund for businesses organized under the cooperative model, joins […]
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