Universal Television to roll ‘The Baker and the Beauty’ series for ABC in Carolina
October 2, 2019
Universal Television Production in association with ABC Studios and Keshet Studios will film a new series called “The Baker and the Beauty” for ABC Network in facility in Carolina, representing a $57 million economic investment in Puerto Rico. “This is great news for local talent working in film, tourism, the hotel industry and for many […]
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P.R. bankruptcy filings down 4.8% in September
October 2, 2019
The 629 bankruptcy cases filed in Puerto Rico in September were 4.84% lower than those on record for the same month last year, while the 5,690 petitions submitted to the U.S. Bankruptcy Court during the first nine months of this year were down by 1.3% vs. the same year-ago period, a local research firm revealed. […]
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P.R./USVI emergency responders to get $110K in equipment
October 2, 2019
The U.S. Environmental Protection Agency announced that Total Petroleum Puerto Rico Corp. will provide the Puerto Rico Department of Public Security and the Aircraft Rescue and Fire Fighting Department of the U.S. Virgin Islands Ports Authority with $110,000 worth of emergency equipment. The allocation is part of a settlement of alleged violations of provisions of […]
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$4M Barullo restaurant to open in El Distrito complex in Miramar
October 2, 2019
Barullo Restaurant, a $4 million culinary proposal to celebrate Puerto Rico’s Spanish heritage, will open the first quarter of 2020 at the El Distrito entertainment complex under construction at the Puerto Rico Convention District area in Miramar. The restaurant will be located on the first floor of El Distrito and will feature 6,000 square feet […]
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Op-Ed: ALPA ‘on wrong side of history’ by opposing development of air hub in P.R.
October 2, 2019
The Airline Pilots Association’s opposition to the Puerto Rico Department of Transportation’s petition will not only hurt Puerto Rico’s economic recovery and sustainability, but also the U.S. economy, aviation industry, and geopolitics interests. Just because Puerto Rico may acquire DOT transfer rights like Alaska, Guam or Marinas Island does not mean that this will negate […]
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Rock Solid, Kinesis Foundation join forces to recognize UPR student talent
October 2, 2019
Rock Solid Technologies Inc. and the Kinesis Foundation are coming together in partnership to oversee the 18th annual Rock Solid Scholarship cycle, which recognizes the academic achievements of University of Puerto Rico students. Five students were awarded the Rock Solid Scholarship last week, consisting of a $3,000 prize to cover a year of study at […]
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P.R. manufacturing Purchasing Managers Index rose to 46.0 in August
October 2, 2019
The Purchasing Managers Index (PMI) for Puerto Rico’s manufacturing sector edged up to 46.0 in August but remained below the threshold level for the fifth consecutive month. A reading below the threshold level suggests a contraction in the manufacturing sector with respect to the previous month. The index has been at or above the threshold […]
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3rd McConnell Valdés/Antonio Escudero-Viera Scholarship awarded
October 1, 2019
The McConnell Valdés/Antonio Escudero-Viera Scholarship Program awarded its third scholarship to Gerardo G. Cintrón-Rosario, a second-year University of Puerto Rico Law School student. He is a full-time student who is also pursuing a master’s degree from the UPR’s School of Public Administration. He is also the executive director of the school’s Business Law Journal. Like […]
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Minnesota-based Wonders Ice Cream to open 1st dessert parlor in Boquerón
October 1, 2019
Wonders Ice Cream, a Minnesota-based rolled ice cream shop franchise, will open its first store in the Boquerón area of Cabo Rojo next year, in the hands of an entrepreneur who envisions it becoming a hang-out spot for tourists and locals alike. Jay Martínez bought the rights to the franchise from friend Kit Houngnakhone — […]
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P.R.’s Parallel18 among winners of SBA’s Growth Accelerator Fund Competition
October 1, 2019
San Juan-based accelerator Parallel18 has been chosen among the 60 winners of U.S. Small Business Administration’s Growth Accelerator Fund Competition, to receive $50,000 each to support startups and entrepreneurs researching and developing STEM-related innovations. The combined $3 million will support development focused on a broad set of industries and sectors, SBA Acting Administrator Chris Pilkerton […]
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Metropistas, Aloft Hotel appoint new leadership
October 1, 2019
Metropistas, the private operator of two busy highways, and Aloft Hotel, currently under construction in Miramar, named new executives in the last week. Metropistas names new CEO Autopistas Metropolitanas de Puerto Rico (known as Metropistas), the consortium that has operated the the PR-22 (Expreso De Diego) and PR-5 toll roads since 2011, announced the appointment […]
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FCC approves $950M to improve broadband in P.R./USVI
September 27, 2019
For additional details about the FCC’s decision, check out our exclusive interview with Ajit Pai in the latest episode of our “Dollars and Sense” podcast series. Just click on the link to the audio above! The Federal Communications Commission approved $950 million in funding to improve, expand, and harden communications networks in Puerto Rico and […]
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P.R.’s net migration reached some 113K people in ’18, according to Census
September 27, 2019
During calendar year 2018, it was estimated that about 113,000 people migrated to other jurisdictions in the United States, in net terms, according to the latest data from the American Community Survey released by the U.S. Census Bureau. Migration from Puerto Rico to the mainland United States increased by 36.9% between 2017 and 2018, […]
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42 startups chosen for Parallel18’s 7th int’l cohort
September 27, 2019
International startup accelerator parallel18 has selected 42 startups for its seventh international cohort that starts Nov. 6th. The startups are bringing innovative solutions in industries such as education, fintech, biotechnology, SaaS, energy, environment, cleantech, computer software, food technology, advertising, tourism, fitness, e-commerce, agriculture and media. The selected companies come from 10 different countries of which […]
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Discover P.R. reports growth metrics to Oversight Board
September 27, 2019
A 55% increase in tourist demand compared to last year, a 14% increase in airport arrivals vs. 2018, a 11.8% increase in lodging revenues vs. 2017, a secured economic impact of $92 million in meetings and conventions bookings, were some of the highlights presented by Destination Marketing Organization Discover Puerto Rico to the Puerto Rico […]
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