Centro CRECE unveils Competitiveness Toolkit
October 13, 2020
Centro CRECE, a nonprofit organization that cultivates solutions to promote self-management and growth, announced the launching of the “Competitiveness Toolkit” for Puerto Rico. This analysis, developed in collaboration with the firm Inteligencia Económica evaluates Puerto Rico’s competitiveness in a global market and presents necessary reforms to improve the environment of doing business, fostering entrepreneurship, and […]
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CienciaPR gets $230K grant to connect Puerto Rican audiences with ‘science of COVID-19’
October 13, 2020
Nonprofit organization Ciencia Puerto Rico (CienciaPR) received a $230,000 grant from Science Sandbox, an initiative of the Simons Foundation, to create a collection of public engagement resources to help Puerto Ricans prevent COVID-19. The collection will include multimedia content (audio, videos, infographics), educational materials, and messages that are relevant to the Puerto Rican reality and culture, […]
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LUMA Energy deal to manage Puerto Rico power grid bodes trouble
October 13, 2020
A major contract signed with the LUMA Energy consortium may prevent Puerto Rico from building a safe, reliable and resilient electrical system, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The deal to operate the island’s grid came in the wake of a series of devastating 2017 hurricanes and amounts […]
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Triple-S Advantage offers all-in-one card for health services, purchases
October 13, 2020
Triple-S Advantage, Dynamics Payments, and Mastercard have joined forces to introduce an all-in-one card in Puerto Rico that combines the traditional health plan ID with a prepaid card. It also simplifies the payment of OTC (over-the-counter) medications, as well as goods and services, to meet the needs of the Medicare Advantage population, the health insurer […]
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New stores arrive at Plaza Las Américas, Plaza del Caribe
October 13, 2020
The Plaza Las Américas and Plaza Del Caribe shopping centers announced the opening of new stores and establishments ahead of the upcoming holiday shopping season. For Eyes, Casa Febus Navidad and Gef France opened their doors in Plaza Las Américas, while Plaza Del Caribe received new tenants For Eyes and PenFed Credit Union, who moved […]
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32K+ SBA PPP loans granted in Puerto Rico eligible for simpler forgiveness process
October 12, 2020
The U.S. Small Business Administration, in consultation with the Treasury Department released a simpler loan forgiveness application late last week for Paycheck Protection Program (PPP) loans of $50,000 or less. This decision could affect a little more than 32,000 PPP loans granted in Puerto Rico, according to SBA data released earlier this year. This action […]
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Puerto Rico’s new car sales have taken deeper dive during pandemic vs. US
October 12, 2020
Puerto Rico’s new car market showed a deeper contraction than that of the U.S. mainland from March to May — the peak quarantine months to curb the COVID-19 pandemic — but the local market has recovered much faster since then, according to a study by Abexus Analytics. According to the firm’s research entitled “Economic Trends […]
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Economic Dev’t and Commerce grants $3.1M to textile, food manufacturers
October 12, 2020
The Department of Economic Development and Commerce announced support for seven Puerto Rico-based companies in the food and textile production sector, whose total investments are close to $3.1 million and the creation of more than 700 jobs. The agency is supporting the expansion of Productos Chebo’s, Amasar LLC, Farm City, and Productos La Finca, which […]
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‘Practical Techie:’ Effective biz snooping around is productive
October 12, 2020
Editor’s Note: This editorial column is meant to offer practical advice on technology tools that are ideal for the business community. It’s a very human trait, watching out for the competition. Whether it be in sports, politics, the love life, the neighbors, who’s top in the classroom or keeping with the latest trends. And, who’s […]
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Hurricane Hub invests $71K+ in KP4 radios for islandwide communication
October 12, 2020
The Puerto Rico Hurricane Hub announced an investment of more than $71,000 in the Bureau for Emergency and Disaster Management to buy and install KP4 radios, antennas and solar panels in the government agency’s headquarters and its 10 regions throughout the island, including Vieques and Culebra. The goal of this initiative is to keep Puerto […]
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Head of Puerto Rico Rural Dev’t, Rivera, wins Theodore Roosevelt Leadership award
October 12, 2020
Josué Rivera, state director of the U.S. Department of Agriculture’s Rural Development office in Puerto Rico, has been awarded the 2020 Theodore Roosevelt Leadership award from the Government Executive Media Group. The entity is a provider of news for federal government managers, which held its second annual Theodore Roosevelt Government Leadership Awards as a three-day virtual event. This […]
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DDEC announces last phase of 4th edition of Robot Makers
October 12, 2020
The Robot Makers initiative entered its final phase with the participation of 250 students from middle schools, high schools and universities, Department of Economic Development and Commerce Secretary Manuel Laboy announced. “In the past three years, more than 1,300 students have participated in the Robot Makers initiative, carried out by the Department of Economic Development […]
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Puerto Rico Tourism Co. unveils strategy to boost stays at ‘paradores’
October 10, 2020
The Puerto Rico Tourism Co. unveiled a marketing plan with offers and precise tools to encourage occupancy across the island’s “paradores,” or small inns, and which seeks to complement the efforts to promote local tourism through the “Check Into Your Island” campaign. The $95,000 effort looks to support the small hotels by providing them “with the tools they […]
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Tourism, private sector execs unveil the Puerto Rico Tourism Business Council
October 9, 2020
Looking to promote the enactment of healthy public policy that benefits the island’s tourism industry and achieves a positive multiplier effect, business leaders, employment generators, and local capital investors from several sectors of the tourism industry have come together to create the Puerto Rico Tourism Business Council. Among its immediate priorities and in its commitment […]
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Puerto Rican Endeavor Entrepreneur featured in ‘Think Big’ LatAm podcast
October 9, 2020
Puerto Rican Endeavor Entrepreneur Carlos García, co-founder and CEO of the Andiago! company, is one of nine featured entrepreneurs in the Endevor-produced Think Big podcast that seeks to inspire entrepreneurs to find their purpose, transform industries, impact humanity and change the world. Hosted by Mexican media and business consultant Genaro Mejía, Think Big explores the […]
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