Given the lack of up-to-date data for Puerto Rico’s economic activity, local startup Abexus Analytics has turned to unconventional data sources to gauge the performance of the economy during the COVID-19 crisis. The findings are included in a report titled “The Economy is not reserved for Economists,” which takes a technical tour of the issues […]
The Department of Economic Development and Commerce opened the call for Request for Qualifications to identify potential candidates to develop the proposed $300 million Puerto Rico Ocean Technology Complex (PROTech) in Yabucoa. Economic Development Secretary Manuel Laboy unveiled the master plan for the project that also involves the Puerto Rico Land Administration. “PROTech is an […]
Reconstruction projects in Puerto Rico for Hurricane María recovery efforts continue with the assignment of more than $18.5 million in additional funds for 77 projects approved by the Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction, and Resilience, or COR3. The funds were awarded between June 26 and July 1, of which […]
Technological innovations not only transform, evolve and improve certain products or services; they also drive economic growth. To achieve such innovation, companies need to walk the talk and pave the road to success for other entrepreneurs in their economic landscape. Some actions in that direction include promoting good concepts, enabling support networks and providing adequate […]
The Department of Transportation and Public Works announced the signing of an order to extend the validity of Puerto Rico driver’s licenses and identifications that expired during this year, in a phased manner. Transportation Secretary Carlos M. Contreras said approving Resolution 2020-15 gives island residents holding expired licenses “enough time to get their appointment and […]
The Puerto Rican Shopping Centers Association called on its 46 member malls to continue to be “very strict” about enforcing protocols to prevent COVID-19 contagion following a spike in cases. “In recent days the Health Department has reported a significant increase in the number of infections,” said Adolfo “Tito” González, presidente of the trade group […]
The U.S. Small Business Administration and the U.S. Department of Treasury released Paycheck Protection Program Loan data that revealed that since the start of the program in April, local banks have processed some 35,896 loans for up to $150,000 totaling $741.4 million so far. The detailed loan-level data for Puerto Rico shows that more than […]
EDIC College in Caguas, a university with a focus on health sciences, has merged with Columbia Central University, EDIC’s parent company Philadelphia-based investment firm Renovus Capital Partners confirmed. The combined institution will operate under the Columbia Central University brand and will continue to serve more than 2,000 students from its four physical campuses and online […]
The Puerto Rico Ports Authority began the permanent roof repair project at the Antonio Rivera Rodríguez regional airport terminal in Vieques, agency Executive Director Joel A. Pizá-Batiz announced. The airport, the only one in Vieques, connects the island municipality, through commercial flights to the municipalities of Ceiba, Carolina and San Juan, and to other Caribbean […]
Passenger traffic at the Luis Muñoz Marín International Airport decreased 75.9% in Puerto Rico in June, impacted by severe downturns in business and leisure travel stemming from the COVID-19 pandemic, the airport’s operator announced. Grupo Aeroportuario del Sureste, or ASUR, the parent company of Aerostar — which runs Puerto Rico’s main airport — revealed that […]
Lucky Brand Dungarees, LLC, retail parent company of Lucky Brand, confirmed it will close the only store it has in Puerto Rico, at The Mall of San Juan, upon filing for voluntary Chapter 11, to pursue a sale of the company. The Los Angeles based designer and retailer of denim and apparel also announced it has entered […]
The next back-to-school tax-free holiday is slated for July 21 to Aug. 1, The Puerto Rico Treasury Department announced in a circular letter published on its website. That is the first of two such events scheduled for Fiscal 2021, when specific items will be exempt from the island’s 11.5% sales tax. Another tax-free holiday is […]
V2A Consulting, a strategic consulting and operational management firm with more than 15 years of experience advising organizations from various sectors, announced the start of a new distance summer internship program for college students. The program, called “WeServe Fellows,” is a virtual summer internship developed by V2A during which 30 young university students will be […]
The Ana G. Méndez University System’s Carolina campus will add two new programs to its tourism bachelor’s degree programs focusing on sustainable practices. The new programs recently approved by the Board of Postsecondary Institutions (formerly the Puerto Rico Board of Education) are the Associate Degree of Science in Management of Sustainable Tourism Companies and the […]
L’Oréal has launched its new global sustainability program, “L’Oréal for The Future,” which outlines a new set of goals for 2030 that will transform the way it does business and addresses critical environmental and societal issues. The program lays out specific actions and measurable objectives that will further accelerate the company’s transformation to respect the planet’s […]
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA