Op-Ed: Is water a common good or a convenience to quote on the stock market?
December 21, 2020
The news story sounded like something out of an apocalyptic science fiction movie or a dystopian novel. At the beginning of December, and in the midst of a global pandemic, water began to trade on the stock exchange in the United States in the commodity futures market. Chicago-based CME Group launched contracts back in September […]
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Hyatt Residence Club Dorado reopens 3 years after hurricanes
December 21, 2020
Following a three-year recovery and rebuilding effort, the Hyatt Residence Club Dorado, Hacienda Del Mar reopened over the weekend. The resort had been closed since Hurricane Irma hit Puerto Rico on Sept. 6, 2017, followed 12 days later by Hurricane María. As owners, members and guests return to the property, they will see renovations that […]
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Mano Amiga program to donate $190K in aid to 17 nonprofits
December 21, 2020
The Mano Amiga Program of Plaza Las Américas and Plaza Del Caribe Foundations announced they will donate $190,000 to 17 Puerto Rico nonprofits, which will directly benefit 14,000 lives affected by the COVID-19 pandemic. “The COVID-19 epidemic has disrupted the way nonprofit organizations offer support to communities in need,” said Jaime Fonalledas-Rubert, chairman of the […]
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Puerto Rico Cocktail Week launches new ‘Cocktail To-Go’ program
December 21, 2020
Looking to find new opportunity during a year of reinvention, Puerto Rico Cocktail Week unveiled its Cocktail To-Go platform through whichit offers the public the opportunity to enjoy their favorite cocktails at home through a “box program” and a cocktail display in alliance with the specialty wine and beverage store The House. The box program […]
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Former Sprint executive ventures into retail with Pisadas de Barcelona
December 21, 2020
Former long-time Sprint executive Yolanda “Yoly” Torres-Cuesta has shifted from telecommunications to retail, with the recent opening of Pisadas de Barcelona, a $35,000 venture into sustainable footwear. The virtual concept features footwear from the Mumka Shoes line for women and children, as well as bags and backpacks. In January 2020, Torres-Cuesta decided to leave the […]
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Solid waste management co. EC Waste to sell 70 excess units
December 21, 2020
Solid waste management and disposal company, EC Waste, announced that as part of its policy of periodic renewal of the vehicle fleet, it has put up for sale some 70 vehicles and equipment classified as surplus. “We renew our fleet periodically to keep our equipment in optimal conditions,” said Jorge Alexis Meléndez, health, safety and […]
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Invest PR locked down $58M in committed investments, 3,500 jobs in ‘20
December 18, 2020
Invest Puerto Rico (InvestPR) provided an overview of its achievements in 2020, which included secured new business commitments including 3,500 new jobs, $58 million in capital investment, and an average payroll of $51,000 per job. During a virtual presentation, the island’s official investment promotion organization shared the results presented in its annual report, detailing the […]
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Parallel18 marks 5th anniversary as it releases its 2020 Impact Report
December 18, 2020
The Parallel18 startup acceleration program is marking its fifth anniversary with a rundown of its achievements so far, which include receiving 4,340 applications, graduating 211 companies of which 35% are from Puerto Rico and seeking 85% of them survive despite trying economic times. During a presentation, Parallel18 officials said $1.3 million were distributed in grants […]
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Puerto Rican menswear retailer Clubman launches online store
December 18, 2020
Puerto Rican men’s clothing retailer Clubman unveiled its new hybrid concept that includes a virtual store and a new pick-up service at its flagship store in Santurce. The online store, which entailed a $25,000 investment to set up, features all of Clubman’s collections, from casual to formal. Shoppers can choose to pick-up their purchases at […]
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CESCO Digital app has 1M users, shored up $38.4M for gov’t
December 18, 2020
The Puerto Rico Department of Transportation and Public Works’ CESCO Digital app has already garnered one million users and has collected more than $38.4 million for the government through a number of possible transactions, Puerto Rico Innovation and Technology Services director Glorimar Ripoll-Balet said. The implementation of this the mobile app, which is part of […]
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FIDECOOP joins Causa Local in spreading access to capital
December 18, 2020
Causa Local and the Cooperative Development and Investment Fund (FIDECOOP, in Spanish) announced an alliance in which FIDECOOP will recommend and endorse businesses they identify as eligible to apply for micro-loans of up to $15,000 at 0% interest from the kiva.org crowd-lending platform. FIDECOOP, a financing fund for businesses organized under the cooperative model, joins […]
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3 new hotels with $25M in combined investments planned for San Juan islet
December 17, 2020
Three new hotels — Hotel Tetuán 100, Puerto Valdes, and Plaza Colón Hotel & Suites — representing a combined $25 million in investments are underway in the San Juan islet, which will add 88 new rooms to Puerto Rico’s inventory. During a news conference, Puerto Rico Tourism Co. Executive Director Carla Campos said the new […]
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Puerto Rico residents have until Friday to claim $1,200 incentive
December 17, 2020
Individuals residing in Puerto Rico during the year 2019 or 2020 have until Friday to request the $1,200 economic incentive approved by the federal government earlier this year to mitigate the effects of COVID-19, Treasury Department Secretary Francisco Parés-Alicea said. “We urge citizens who have not completed the CARES Act financial aid application to do […]
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MCS Foundation fundraiser pursuing $1M for elderly population
December 17, 2020
The MCS Foundation recently launched its “A call for our people in need” fundraising campaign through which it hopes to raise $500,000, which it will match dollar-for-dollar, up to $1 million, to help Puerto Rico’s most vulnerable communities and the elderly, the nonprofit announced. This is the fourth fundraising campaign. “According to official Census data, […]
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Wovenware named IDC Innovator for Artificial Intelligence services
December 17, 2020
Wovenware, a nearshore provider of Artificial Intelligence (AI) and digital transformation solutions, announced it has been named an IDC Innovator, described as emerging vendors with revenue of less than $100 million, that have demonstrated either a groundbreaking business model or an innovative new technology — or both. Wovenware was one of only four providers recognized […]
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