Tropizen announced the completion of its first commercial cannabis harvest from its recently added 10,000 square foot outdoor cultivation facilities. The new harvest, destined for both flower sales and the manufacture of infused medicinal products, arrives as patient demand for cannabis flower in Puerto Rico continues to surpass available market supply. “This harvest represents an important […]
CorePlus Servicios Clínicos y Patológicos, LLC, a clinical and anatomic pathology laboratory, announced the first deployment in the Americas of an artificial intelligence (AI)-powered digital pathology solution for detecting prostate cancer at its main facilities in Carolina. The deployment includes Whole Slide Imaging techniques used to digitize traditional glass slides and the Galen Prostate, an […]
Everynet BV, a Low Power Wide Area (LPWA) technology provider and network operator, announced the completed roll-out of a new secure data network designed to enhance Puerto Rico’s infrastructure modernization initiatives. “There’s a great opportunity to enable efficiencies with Internet of Things (IoT) in Puerto Rico,” said Tom Nelson, Everynet’s chief commercial officer. “Everynet brings […]
Nearly a year after announcing its plans, First BanCorp. announced the completion of its acquisition of Santander BanCorp in Puerto Rico. In connection with the acquisition, Santander BanCorp and Banco Santander will be merged into FirstBank, with FirstBank being the surviving entity, officials said. In July, First BanCorp. got the regulatory go-ahead to complete its […]
The Federal Aviation Administration announced the assignment of infrastructure grants that represent a combined $14.5 million for upgrades to three Puerto Rico airports. The Luis Muñoz Marín International Airport will receive $6 million, the Benjamin Rivera Noriega Airport will receive $7.3 million, and the José Aponte de la Torre Airport will get a little more […]
Solid waste management company EC Waste, announced the acquisition of Republic Services de Puerto Rico, a subsidiary of Republic Services Inc., as well as the integration of its employees, management, client portfolio and landfills in Ponce and Salinas, as of Sept 1. The financial terms of the transaction were undisclosed. “The acquisition of Republic Services […]
The Purchasing Managers Index (PMI) for Puerto Rico’s manufacturing sector decreased slightly to 58.8 in July. However, numbers released by the Puerto Rico Institute of Statistics show that a reading above the threshold level of 50 suggests an expansion in the manufacturing sector with respect to the previous month. The new orders and employment sub-indexes […]
The Food Bank of Puerto Rico, in an effort to raise awareness against hunger, launched the “Zero Hunger Puerto Rico” campaign, seeking to boost education and mechanisms to work toward achieving food security, improving nutrition and promoting sustainable agriculture on the island. “After the hurricanes, earthquakes and the pandemic that we are experiencing, the veil […]
Discover Puerto Rico and the Puerto Rico Chamber of Commerce (CofC) signed a collaboration agreement to create new alliances with local organizations, bridging sectors of the economy, representatives confirmed. The organizations will work together to spread the message of efforts underway, “strengthening each other as links in the same economic chain,” they said in a […]
Some 34 individual, as well as local and international company representatives interested in submitting a Request for Proposals for the Isla Grande dry dock project participated in an informative videoconference sponsored by the Puerto Rico Ports Authority, agency Executive Director Joel A. Pizá-Batiz. “The videoconference…allowed Ports Authority representatives to address any doubts or concerns that […]
U.S. Environmental Protection Agency and White House senior officials participated in a forum hosted by the Florida State Hispanic Chamber of Commerce and Latino Leadership to discuss ongoing efforts to help Puerto Rico recover from natural disasters dating back to Hurricanes Irma and María in 2017 and recent earthquakes. EPA Associate Deputy Administrator Doug Benevento, […]
The Federal Emergency Management Agency announced the appointment of José G. Baquero as the Federal Disaster Recovery Coordinator for disaster recovery operations in Puerto Rico and the U.S. Virgin Islands. Baquero will permanently lead disaster recovery coordination and collaboration between the federal interagency and the government of Puerto Rico, the private sector and voluntary, faith-based […]
PenFed Credit Union announced the opening of its new financial center at Plaza Del Caribe Mall in Ponce, after a $1.9 million investment. The new 4,500-square-foot financial center creates 11 jobs in the Ponce community and provides “tens of thousands of residents in south-central Puerto Rico access to some of the best checking, savings, certificate and loan […]
Founded or unfounded, the number of complaints filed against companies alleging employment related claims are on the rise. Due to the duality of jurisdictions under which our employer-employment laws operate, the multiplicity of rules and regulations, and a continually changing environment, there is ample room for labor complaints to come forward, exposing employers to significant […]
Committed to alleviating the economic impact of the COVID-19 pandemic, the Puerto Rican Endowment for the Humanities (FPH, in Spanish) awarded a total of $265,000 in special donations to 27 cultural organizations with humanistic purposes that have been affected by the crisis. The allocated funds were provided by a special CARES Act allocation, channeled through […]
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