In the wake of the severe impact from local measures implemented to control the spread of the COVID-19 pandemic, the Puerto Rico Restaurants Association asked the government to consider and approve the proposal presented in October to create a new assistance or incentives program for the industry using CARES Act funds. “Certainly, the industry is […]
Puerto Rican company Uva, which offers delivery services of food and other consumer products, unveiled its new holiday initiative — “That feeling of receiving” — through which it seeks to make it easy for consumers do their shopping from the UVA mobile app in a variety of stores, mainly in local businesses. “Beyond restaurants, at […]
While most retailers have jumped on the trend of offering customers the ability to buy groceries online and picking them up curbside or in-store, big box retailer Costco Wholesale is still not considering adding that option just yet. During a conference call to discuss its quarterly results, Richard Galanti, executive vice president and CFO for […]
Viatris Inc. — the new company product of the merger between Mylan and Pfizer’s Upjohn manufacturing operations — announced the closure of its plant in Caguas that will happen in phases through December 2022. Some 600 employees will be affected by the corporate decision to eliminate the solid dose manufacturing facility that still carries the Mylan […]
Challenges such as the grim economic scenario affecting Puerto Rican companies, the heavy tax load, high energy costs, government bureaucracy, and the recent closures due to COVID-19 have local entrepreneurs convinced that recovery will not happen soon. A survey conducted by analysis firm Estudios Técnicos Inc. confirmed that 84.7% of the entrepreneurs polled believe that […]
The Puerto Rico Tourism Co. announced that two companies dedicated agricultural production — Cosecha Don Juan and ¡Viva La Cosecha! —have been certified under the agency’s Agrotourism Program. These are, both located in the metro region. With these two certifications, there is a total of 26 companies that currently offer agrotourism experiences for the general […]
“La noticia y yo 2.0 — Hablan los periodistas de la Era Digital” (“The news and I, 2.0 – Journalists of the Digital Age speak”) is the title of the new book in which 50 journalists and two editors narrate how the news in Puerto Rico made the transition from traditional journalism of the last […]
In an effort to show its “continued focus” on small business development and expansion in Puerto Rico, the National Puerto Rican Chamber of Commerce has partnered with the United Retailers Association (CUD in Spanish) to organically grow its local footprint, executives said. “The NPR Chamber is very excited about its partnership with the CUD,” said […]
Puerto Rico’s banking sector, which is likely the most impactful sector of the economy, could use greater collaboration from the government to boost individual and commercial services, while reducing expenses for the public sector. Furthermore, the government could also move quicker toward stimulating the use of local banks to manage its liquidity and urge the […]
The Federal Emergency Management Agency approved a $5.6 million injection of funds to the Puerto Rico Health Department to repair health facilities throughout the island. The improvement plans range from diagnostic and treatment centers to laboratories and public health units in six municipalities. This amount, approved this year, adds to the total of about $8 […]
Women entrepreneurs headed this year’s list of winners of Grupo Guayacán’s 2020 edition of the EnterPRizebusiness competition, with health technology start-up Evocare as the big winner, nabbing several awards, including first place in the competition and earning $70,000 in prizes. This is the largest sum of seed capital obtained by a single winner in the […]
Puerto Rico’s housing market was improving prior to the COVID-19 pandemic, as reflected by price trends and sales in 2019, which were upward-bound due to a lack of available inventory. However, in general, prices have not recovered to pre-2007 levels and COVID-19 may slowdown the recovery process. Those were some of the conclusions of the […]
Emergency rescue service company Aeromed has invested $3.2 million on a new EC-135 helicopter and state-of-the-art specialized medical equipment, as it celebrates its 25th anniversary in Puerto Rico. The acquisition of the third helicopter in the fleet that arrived on the island on Dec. 8th “reaffirms its unwavering commitment to the health of Puerto Rico, […]
The new reality caused by the pandemic has led companies to reinvent themselves in almost every aspect — and the purchase of a property is no exception. Looking to continue contributing to the island’s reconstruction through real estate, Centro Casas Subastas will hold its second virtual live property auction Dec. 18, 2020, at 10 a.m., […]
Congressman Raúl M. Grijalva (D-Ariz.) sent a letter to President-elect Joe Biden and Vice President-elect Kamala Harris urging the rapid implementation of the “Biden-Harris Plan for Recovery, Renewal and Respect for Puerto Rico.” He also encouraged the incoming administration to create a federal working group to offer analysis and expertise to the White House and […]
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