Campaign promises of ‘low-cost, reliable and clean electricity’ must be kept
January 28, 2021
The devastation caused by Hurricane María in 2017 highlighted Puerto Rico’s “antiquated, expensive and fossil fuel-dependent” electricity grid, providing the Biden administration with an historic opportunity to transform a vital part of the island’s economy. The Institute for Energy Economics and Financial Analysis (IEEFA) recommends in a new policy brief that the administration battle entrenched interests that […]
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Op-Ed: Biden has an opportunity to accelerate recovery in Puerto Rico
January 28, 2021
It’s a new day for the United States and Puerto Rico. With a new president and a new governor, Puerto Rico can turn a new page, and continue rebuilding — even better than before. This couldn’t come at a better time. President Biden’s climate and clean energy strategy is the boldest, most far-reaching we’ve ever […]
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Prime Air inaugurates new $250K ambient temperature warehouse
January 28, 2021
Following an investment of $250,000 in improvements, Puerto Rican global logistics services company, Prime Air Corp., inaugurated a new ambient temperature warehouse in the cargo area of the Luis Muñoz Marín International Airport to supply the needs of manufacturing, pharmaceutical and medical device, life sciences and bio sciences companies, especially now given the challenges of […]
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Evertec included in Bloomberg Gender-Equality Index for 3rd consecutive year
January 28, 2021
Evertec Inc. announced its third year of inclusion in the Bloomberg Gender-Equality Index (GEI), which distinguishes companies committed to transparency in gender reporting and advancing women’s equality. Evertec is one of 380 companies representing 44 countries and regions across 11 sectors included in the 2021 Bloomberg GEI, it said. “We’re incredibly proud that we have […]
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Application deadline looms for ‘Challenge to Innovate: NASA Edition’ competition
January 28, 2021
Puerto Rican undergraduate students majoring in electrical, mechanical, computer, agricultural, or industrial engineering, as well as computer science, have until Feb. 28 to apply to participate in the “Challenge to Innovate: NASA Edition” competition. The initiative will give participants a workspace to build solutions with NASA technologies. The program is sponsored by pre-acceleration program pre18 […]
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Scholarship fund opens call for young Afro-descendants of Loíza
January 28, 2021
The Puerto Rico Community Foundation announced the second opening of the Benito Massó Scholarship Fund for Youth of Loíza, aimed at supporting resident Afro-descendant students between 16 and 25 years old. “This is the first philanthropic fund to be established on the island to benefit Afro-descendant students. We’re excited to announce this second call that […]
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ASORE: COVID-19 slams Puerto Rico restaurant sales in ’20
January 27, 2021
Puerto Rico’s restaurant industry has taken a significant hit as a result of the COVID-19 pandemic, losing about $352 million from January to September 2020, down 23.6% from the same period in 2019, the Puerto Rico Restaurants Association revealed. The trade group known as ASORE commissioned research firm Inteligencia Económica to analyze the economic toll […]
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Nonprofit transparency watchdog Espacios Abiertos unveils Fiscal Observatory
January 27, 2021
Aware of the difficulties that people face in inserting themselves into government debates and decisions on fiscal and budget issues, nonprofit Espacios Abiertos analyzed thousands of documents from the past 16 years to develop the new Observatoriofiscalpr.com platform, which seeks to provide greater accessibility and narrow information gaps. Daniel Santamaría-Ots, senior analyst of public policy […]
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eXp World Holdings expands real estate operations into Puerto Rico
January 27, 2021
Bellingham, Wash.-based real estate firm eXp World Holdings Inc. has expanded into Puerto Rico, under the eXp Puerto Rico name. The firm is already doing business in Puerto Rico, which is the first global market that eXp Global has identified for expansion during the first quarter of 2021. Brazil, Italy, and Hong Kong are also […]
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Mobile app allows employers to track employees’ time and attendance
January 27, 2021
San Juan-based RENOVA Solutions recently expanded the capabilities of its Employee Self-Service application to give employers with an option to minimize COVID infections while automatically tracking employees’ time and attendance. The application was developed by RENOVA in Puerto Rico and is currently used by ECONO, SuperMax, Denny’s, MC21, and Grupo Colón-Gerena, among other local companies. […]
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Financial Analysts’ Society of Puerto Rico announces 1st CFA Ethics Challenge
January 27, 2021
The Financial Analysts’ Society of Puerto Rico, an organization that groups financial professionals and is pursuing recognition by the CFA Institute as an official local chapter, announced the upcoming CFA Ethics Challenge. The Ethics Challenge is a competition that introduces a case study to teams of college students, who will analyze the ethical issues in […]
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$12.5M Foxwoods El San Juan Casino to open by year’s end
January 26, 2021
The Mashantucket Pequot Tribal Nation, owner and operator of the Foxwoods Casino in CT, announced a $12.5 million investment to reopen the iconic casino at the Fairmont El San Juan hotel in Isla Verde, to be known as the Foxwoods El San Juan Casino. During a news conference at the hotel, Rodney A. Butler, chairman […]
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FEMA assigns $10M+ to repair Puerto Rico’s elderly homes
January 26, 2021
With the purpose of contributing to the well-being and health of the elderly, the Federal Emergency Management Agency announced it has allocated more than $10 million for 31 permanent repair projects for senior centers throughout the island. The funds will serve 24 municipal facilities that are dedicated to the care of this population and another […]
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OFG Bancorp reports $132.8M in 4Q20 revenue
January 26, 2021
OFG Bancorp, the financial holding company of San Juan-based Oriental Bank, reported results for the fourth quarter and year ended Dec. 31, 2020, revealing $132.8 million and $519.3 million in revenue, respectively. While the result for the final three month period of last year showed a 35% increase from the versus $98.4 million reported during […]
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Practical Techie: Podcasting, an easy way to set up mini-radio station
January 26, 2021
There are many ways an entrepreneur can acquire customers by using podcast technology available to anyone who knows how to use a smartphone. There are platforms for videos, text platforms for blogging and no less than a dozen powerful social media services. There are also more than 100 platforms to setup a mini-radio station on […]
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