Survey: Puerto Rican entrepreneurs don’t see quick economic recovery post-COVID-19
December 14, 2020
Challenges such as the grim economic scenario affecting Puerto Rican companies, the heavy tax load, high energy costs, government bureaucracy, and the recent closures due to COVID-19 have local entrepreneurs convinced that recovery will not happen soon. A survey conducted by analysis firm Estudios Técnicos Inc. confirmed that 84.7% of the entrepreneurs polled believe that […]
chat_bubble0 Comment
visibility1545 Views
Puerto Rico Tourism Co. certifies 2 new agrotourism operations
December 14, 2020
The Puerto Rico Tourism Co. announced that two companies dedicated agricultural production — Cosecha Don Juan and ¡Viva La Cosecha! —have been certified under the agency’s Agrotourism Program. These are, both located in the metro region. With these two certifications, there is a total of 26 companies that currently offer agrotourism experiences for the general […]
chat_bubble0 Comment
visibility2326 Views
50 Puerto Rican journalists discuss transition into online news in new book
December 14, 2020
“La noticia y yo 2.0 — Hablan los periodistas de la Era Digital” (“The news and I, 2.0 – Journalists of the Digital Age speak”) is the title of the new book in which 50 journalists and two editors narrate how the news in Puerto Rico made the transition from traditional journalism of the last […]
chat_bubble0 Comment
visibility2302 Views
Nat’l Puerto Rican CofC, partners with CUD to grow footprint
December 14, 2020
In an effort to show its “continued focus” on small business development and expansion in Puerto Rico, the National Puerto Rican Chamber of Commerce has partnered with the United Retailers Association (CUD in Spanish) to organically grow its local footprint, executives said. “The NPR Chamber is very excited about its partnership with the CUD,” said […]
chat_bubble0 Comment
visibility1300 Views
Survey: Puerto Rico gov’t needs to work closer with banking sector to boost growth
December 11, 2020
Puerto Rico’s banking sector, which is likely the most impactful sector of the economy, could use greater collaboration from the government to boost individual and commercial services, while reducing expenses for the public sector. Furthermore, the government could also move quicker toward stimulating the use of local banks to manage its liquidity and urge the […]
chat_bubble0 Comment
visibility2536 Views
FEMA approves $5.6M for Puerto Rico Health Department
December 11, 2020
The Federal Emergency Management Agency approved a $5.6 million injection of funds to the Puerto Rico Health Department to repair health facilities throughout the island. The improvement plans range from diagnostic and treatment centers to laboratories and public health units in six municipalities. This amount, approved this year, adds to the total of about $8 […]
chat_bubble0 Comment
visibility1825 Views
Women-led companies dominate Grupo Guayacán’s EnterPRize business competition
December 11, 2020
Women entrepreneurs headed this year’s list of winners of Grupo Guayacán’s 2020 edition of the EnterPRizebusiness competition, with health technology start-up Evocare as the big winner, nabbing several awards, including first place in the competition and earning $70,000 in prizes. This is the largest sum of seed capital obtained by a single winner in the […]
chat_bubble0 Comment
visibility3076 Views
Study: Puerto Rico housing market was improving, then COVID-19 hit
December 11, 2020
Puerto Rico’s housing market was improving prior to the COVID-19 pandemic, as reflected by price trends and sales in 2019, which were upward-bound due to a lack of available inventory. However, in general, prices have not recovered to pre-2007 levels and COVID-19 may slowdown the recovery process. Those were some of the conclusions of the […]
chat_bubble0 Comment
visibility4024 Views
Aeromed invests $2.5M in new helicopter, medical equipment
December 11, 2020
Emergency rescue service company Aeromed has invested $3.2 million on a new EC-135 helicopter and state-of-the-art specialized medical equipment, as it celebrates its 25th anniversary in Puerto Rico. The acquisition of the third helicopter in the fleet that arrived on the island on Dec. 8th “reaffirms its unwavering commitment to the health of Puerto Rico, […]
chat_bubble0 Comment
visibility1847 Views
Centro Casas Subastas to auction properties through virtual event
December 11, 2020
The new reality caused by the pandemic has led companies to reinvent themselves in almost every aspect — and the purchase of a property is no exception. Looking to continue contributing to the island’s reconstruction through real estate, Centro Casas Subastas will hold its second virtual live property auction Dec. 18, 2020, at 10 a.m., […]
chat_bubble0 Comment
visibility1786 Views
Grijalva urges President-elect Biden to ‘implement Puerto Rico priorities quickly’
December 11, 2020
Congressman Raúl M. Grijalva (D-Ariz.) sent a letter to President-elect Joe Biden and Vice President-elect Kamala Harris urging the rapid implementation of the “Biden-Harris Plan for Recovery, Renewal and Respect for Puerto Rico.” He also encouraged the incoming administration to create a federal working group to offer analysis and expertise to the White House and […]
chat_bubble0 Comment
visibility1811 Views
OBoard: Puerto Rico gov’t lacks right mix of people to deliver services
December 10, 2020
The government of Puerto Rico “does not have the right mix of people to respond capably to new challenges of delivering effective, efficient public services with limited resources, and in an environment of technological transformation and increasing public expectations,” according to research by the Financial Oversight and Management Board for Puerto Rico’s Research and Policy […]
chat_bubble0 Comment
visibility1339 Views
Puerto Rico to become ‘central axis’ of Caribbean blue economy plan
December 10, 2020
Looking to promote the development of the so-called “blue economy” in Puerto Rico and the U.S. Caribbean, nonprofit organization, Bluetide Puerto Rico (BTPR) recently signed a contract to design a strategic plan that will make Puerto Rico the central axis on this matter in the Caribbean. “Blue economy” is a term in economics relating to the exploitation and […]
chat_bubble0 Comment
visibility4812 Views
Ford Environmental Grants program assigns $40K to 4 projects in Puerto Rico
December 10, 2020
In a special 2020 edition, the Ford Environmental Grants program assigned $40,000 among four winning projects in Puerto Rico, as part of its goal of empowering communities toward a more sustainable future by encouraging the proliferation of collective efforts to achieve a better planet. Due to the COVID-19 pandemic, this year the program opened a […]
chat_bubble0 Comment
visibility1853 Views
Op-Ed: Puerto Rico’s new gov’t must focus on transforming energy sector
December 10, 2020
In recent years, we have witnessed how legislation seeks to transform the electricity sector in Puerto Rico. In 2014, the Energy Transformation and RELIEF Act was approved, which for the first time created an independent regulatory entity capable of overseeing and enforcing Puerto Rico’s energy policy. Five years later, in 2019, the Public Energy Policy […]
chat_bubble0 Comment
visibility1587 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA