The Kinesis Foundation announced its alliance with the Scholarship Foundation for Hospitality and Tourism Studies Inc., to create and run the Hospitality and Gastronomy Studies Scholarship Fund, which has $2.4 million available. The Hospitality and Gastronomy Studies Scholarship Fund will grant scholarships, financial assistance, and incentives to Puerto Rican students with limited resources who are […]
The economic platforms presented by the candidates running for governor of the island “leave much to be desired,” Alba Brugueras-Fabre, president of the Puerto Rico Economists Association (AEPR, in Spanish) said, after evaluating each of the plans. In a report, the professional association said the platforms of the six candidates: “are reduced to a list of […]
Juan Dalmau, the candidate running for governor under the Puerto Rican Independence Party (PIP, in Spanish), insists the island is ready for a “transformation” related to who gets to run the island. As part of his strategy, he released his “Patria Nueva” political platform on his website before any other candidate in the gubernatorial race that will […]
As the 2020 elections approach, the candidates running for governor of Puerto Rico have revealed their political platforms, which in the case of Alexandra Lúgaro of the Movimiento Victoria Ciudadana (MVC), dedicates two chapters to the economy. In them she states from the start that she envisions creating systems favorable to nature, therefore, “efficient and dynamic.” […]
As part of its mission to support innovative entrepreneurship and impact Puerto Rico’s economy, parallel18 — along with its parent organization, the Puerto Rico Science, Technology and Research Trust — announced the 39 startups that will benefit from its $1 million Business Continuity Fund. The BCF is an investment vehicle created to help graduated companies from the program […]
Delivery platform DoorDash is implementing $0 delivery fee in Puerto Rico, where it believes the economy has been more affected by the COVID-19 pandemic, compared to the U.S. mainland, said Roberto Figueroa, general manager of the company on the island. This will apply to existing and new customers on the platform. With a recent funding […]
Looking to provide a safe experience to customers, three marketing and technology experts launched MyCloudMenu, an interface that enables the consumer to build a cart using their mobile device, select a time of pick-up and pay a business with ATH Movil, minimizing the physical contact and risks. “We all have a responsibility to protect ourselves […]
The Puerto Rico Treasury Department unveiled a new online appointment system through which taxpayers can schedule time with the agency and conduct their transactions at a given date. “With great satisfaction I announce that we already have our online appointment system available to continue serving the needs of taxpayers in an agile and safe manner, […]
After months of planning, Tropizen announced the start of the production of Puerto Rico’s first cannabis-infused fruit chewables, as part of its ongoing partnership with U.S. multi-state cannabis and hemp operator MariMed. The company will also manufacture a new cannabis infused chewable tablet. “We’ve seen Puerto Rico’s medical cannabis market evolve and grow exponentially. Patients are […]
Popular Democratic Party gubernatorial candidate Carlos “Charlie” Delgado-Altieri wants to transform Puerto Rico’s economy based on Science, Technology, Engineering and Mathematics (STEM) through a proposal he calls Project 3i. This project consists on establishing a scientific business ecosystem that can allow developed ideas to manufacture and market locally. The plan will promote education in these […]
In 2020, USDA’s Natural Resources Conservation Service (NRCS) continued its tradition of working in partnership with farmers, ranchers, and forest landowners in the Caribbean area — Puerto Rico and the U.S. Virgin Islands — despite hardships from earthquakes to COVID-19 to tropical storms. “Our data and science-based surveys of our work show that we and […]
Many haven’t noticed it, but more and more business websites are now attached to the .io domain. This top country domain is about the British Indian Ocean Territory. It is administered by the Internet Computer Bureau, a domain name registry company based in the United Kingdom, But, recent years have seen it become synonymous with start-up firms […]
The University of Puerto Rico’s School of Engineering at the Mayagüez Campus (RUM, in Spanish) received a $130,000 donation from the Chevron company, which will be used to renovate laboratories, acquire equipment and invest in the needed infrastructure to develop innovation, school officials said. This is the second consecutive year that the company has granted […]
Puerto Rico is starting to see the “beginnings of an economic rebound,” as the effects of the influx of federal economic aid and the possibility of the return of pharmaceutical companies are putting the island in a better position heading forward. That optimism is there for José Rafael Fernández, CEO of OFG Bancorp, the financial […]
The U.S. Department of Justice gave its consent to Liberty Latin America’s acquisition of AT&T’s wireless and wireline operations in Puerto Rico and the U.S. Virgin Islands but required Liberty to sell off certain B2B operations that are part of their footprint in Puerto Rico. Liberty Latin America expects a preliminary court order in the […]
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