The Mennonite Health System unveiled plans to implement energy and oxygen production cogeneration systems (CoGen) in the Caguas Mennonite Hospital. These projects are part of the institution’s long-term plan to outfit its six hospitals with the same technologies, for which it will invest $36 million. The cogeneration system produces 1,748 kilowatts of electricity. The new […]
Fresenius Kabi Puerto Rico, a company focused on transfusion technology, blood collection and processing products, as well as cell therapy, announced plans to expand its manufacturing complex in San Germán, at a cost of $30 million. The expansion entails modernizing and automating the plant to increase its capacity and competitiveness, as well as establishing a […]
Puerto Rico Manufacturing Extension Inc. (PRiMEX), announced new programs that seek to support small and medium-sized manufacturing companies on the island in response to the recent earthquakes in the south west zone, the COVID 19 pandemic, as well as rural areas in the south central area of the island, with special attention to the agro-industrial […]
The Kinesis Foundation is reaffirming its commitment to students with academic excellence and financial needs, under the “Believe in tomorrow, Believe in me” campaign to promote fundraising through recurring contributions. The Kinesis Foundation is dedicated to providing the necessary resources for Puerto Rican students to achieve a highly competitive education. Since its inception, it has […]
The Cooperative Development and Investment Fund (FIDECOOP, in Spanish) announced the availability of $40.5 million in funds for the strategic financing of companies organized under the cooperative model, the entity confirmed. This fund is the product of the contributions by credit unions and a co-investment agreement with the government established since 2002. FIDECOOP also provides […]
PathStone Enterprise Center Inc (PECI) in conjunction with the Rural Local Initiatives Support Corporation (Rural LISC), distributed a total of $375,000 in grants to 62 small and medium business owners to help mitigate the negative economic impact caused by the emergency of COVID-19. The donations come from a grant from the Wells Fargo Works for […]
At a time when the world has been dealing with multiple crisis situations — environmental, economic, health related — it is imperative that businesses and companies are adequately prepared to face obstacles and continue to operate in times of difficult challenges. To do this, the multinational technology company Oracle has designed a two-hour event aimed […]
After an eight-week open call and a comprehensive evaluation process, parallel18 has announced that 42 Puerto Rican startups will participate in the third installment of its pre-acceleration program, pre18, starting Nov. 9th. The business curriculum operates under parallel18’s wing, an international startup entity that supports innovating ventures by helping them grow through two main programs: P18, a global […]
Foundation for Puerto Rico announced plans to hold the first two virtual meetings of the Destination Plan for the regions of Luquillo-Fajardo and Ceiba-Naguabo. These sessions are aimed at community members from the municipalities, as well as nonprofit and/or community organizations and municipal governments, among others, FPR said. The meetings seek to include all community […]
Marella Cruises — formerly Thomson Cruises — a British cruise line operated by TUI UK, announced its winter sailing schedule, which includes stops in Puerto Rico. In a release, it confirmed 23 new itineraries, 18 new ports of call including Boston, Halong Bay and San Juan, on the Marella Discovery ship, which will homeport in Barbados and will sail to […]
A total of 2,081 petitions have been filed in Puerto Rico’s bankruptcy courts since Gov. Wanda Vázquez implemented the first lockdown measures related to the COVID-19 pandemic, research firm Boletín de Puerto Rico revealed. The report breaks down weekly filings, showing that the week of May 25-31 reflected the highest number of petitions, at 157 […]
Confirming that COVID-19 has represented a $150 million blow and the cancellation of 1,000 performances, Puerto Rico’s entertainment sector asked the government to activate the Recovery Plan presented in May and demanded special attention to the issue of aid and incentives for its workers. The entertainment industry has remained in shutdown mode since the government […]
Microjuris.com has opened a call for Puerto Rico’s attorneys to fill out the 2020 edition of the longitudinal study on the legal services market in Puerto Rico, which seeks to continue analyzing the characteristics, trends and challenges of the legal profession, now from the context of the COVID-19 pandemic. “We encourage them to participate and […]
Integro Foundation, a Puerto Rican nonprofit, raised more than $120,000 for the Food Bank of Puerto Rico through its “Feed Puerto Rico” campaign, which exceeded expectations by 20% and fed more than 12,000 families in need during the COVID-19 pandemic. “Feed Puerto Rico” launched in April, soon after Puerto Rico went into COVID-19 lockdown. The […]
Facebank International, founded in Puerto Rico in 2006, has maintained its forecast and rating from credit rating agency DBRS Morningstar, even in the midst of the challenges posed by the global COVID-19 pandemic, General Manager Julio Carbonell confirmed. In its most recent review, DBRS “favorably considered Facebank’s strict compliance with U.S. regulatory agencies, its business […]
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