Carolina municipal gov’t retakes 4+ acres of beachfront property after 10-year fight
April 23, 2019
The Carolina municipal government has put an end to a 10-year-old legal fight with CH Properties for some 4 acres of pristine beachfront property, for which it paid $2 million, town officials announced. This resolution puts an end to litigation that will grant the municipality administration and maintenance of this part of the coast which […]
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Toyota Foundation opens call for environmental scholarship program
April 23, 2019
The Toyota Foundation opened its annual call for its Environmental Scholarships program that seeks to reward students seeking to become professionals in a field related to the environment — something it has been doing since 2005. The nonprofit awards scholarships to qualified students looking to contribute to the understanding and preservation of natural resources in […]
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Economic Development Bank receives $1M to boost job creation in rural areas
April 23, 2019
The Economic Development Bank for Puerto Rico got approved and will receive $1 million from the U.S. Department of Agriculture’s Rural Development office, EDB President Luis Burdiel announced. “This capital injection will be used to provide loans for small and medium enterprises in rural areas of the island to promote new job creation,” Burdiel […]
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Liberty P.R. receives workplace award from American Psychological Association
April 23, 2019
The American Psychological Association (APA) recently awarded Liberty Puerto Rico with its 2019 Psychologically Healthy Workplace Award, the provider announced. One of eight employers from across the United States and Canada received the distinction this year and Liberty won in the medium for-profit category, due to its efforts to “create a healthy, high-performing work environment,” […]
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Op-Ed: Democratic Socialism in America
April 23, 2019
“Americans have always understood the material progress owed to capitalism, but for just as long, they have also insisted upon their democratic right to curb its excesses.” (Americana – Bhu Srinivasan) If this is Democratic Socialism, then it is pervasive in the United States and creeping up. Medicare for all and free college tuition are two […]
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inCruises International expands footprint by moving headquarters to P.R.
April 23, 2019
Cruise membership club company inCruises International announced its expansion into Puerto Rico, company officials confirmed. “We’re extremely pleased with our move to Puerto Rico, and we anticipate continued strong growth locally and with participation from all over the world,” said inCruises President Frank Codina. “inCruises business has seen incredible growth over the past three+ years […]
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Trailer Bridge, ATS Int’l golf tourney benefits Habitat for Humanity P.R.
April 23, 2019
Trailer Bridge Inc., in partnership with Anderson Trucking Service Inc. (ATS), announced the charitable results of “Build 2019” presented by Rally por Puerto Rico, its inaugural charity golf tournament of customers, partners and local business leaders, held at the TPC Dorado Beach East Course. The one-day event was designed to maximize corporate giving and as […]
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SBA to host free workshops in P.R. to support federal contracting for disadvantaged small biz
April 23, 2019
The U.S. Small Business Administration Puerto Rico and U.S. Virgin Islands district office will conduct a series of workshops in San Juan over the next few months as part of its 7(j) Management and Technical Assistance program, to support socially and economically disadvantaged small businesses in their efforts to obtain federal contracts. “The SBA is […]
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Pep Boys ‘Tech of the Year’ winners include Caguas staff member
April 23, 2019
Pep Boys, an Icahn Automotive Group company, announced the winners of its annual Pep Boys ‘Tech of the Year’ award, which includes technician Alexis González-Rosario from Caguas. The company recognized its top-performing automotive service technicians in each business region based on performance and customer service metrics from the prior year. The Pep Boys “Technician of […]
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Newmark Knight Frank secures $30M loan to refinance Sheraton Old San Juan
April 22, 2019
On behalf of Tishman, Newmark Knight Frank has arranged a $30 million floating-rate loan from Banco Popular for the refinancing of the Sheraton Old San Juan on behalf of its client Tishman, the companies announced. Tishman has been operating the nine-story, 240-room, hotel and retail property since 2004 and acquired the property in 2015. The […]
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Op-Ed: PREPA privatization will not create competitive market, will lead to more dysfunction
April 22, 2019
Creating a competitive free market for electricity in Puerto Rico was a recurring theme of the U.S. House Natural Resources Committee hearing held April 9th on the rebuilding and privatization of the Puerto Rico Electric Power Authority (PREPA). But the discussion of what a competitive electricity market would look like remained vague, along with details […]
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SBA’s Emerging Leaders program kicks off in San Juan, Ponce
April 22, 2019
The U.S. Small Business Administration (SBA) Puerto and U.S. Virgin Islands district office has begun the 2019 Emerging Leaders training series with its fifth cycle in San Juan and, for the first time, in Ponce. “The expansion of SBA’s Emerging Leaders program to new locations every year has made this invaluable training series accessible to […]
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Hearing slated for April 26 on proposed $23M AFICA bond issue
April 18, 2019
The Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority, known as AFICA for its initials in Spanish, is planning to issue $23 million in debt to finance a project planned by the Inter American University of Puerto Rico. The upcoming public hearing that will take place at the Fiscal Agency and […]
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P.R. Tourism Co. opens restored info centers in Vieques, Culebra
April 18, 2019
In time for the busy Holy Week and Spring break holidays, the Puerto Rico Tourism Co. offered details about the reconstruction of its information centers in Vieques and Culebra, at a combined cost of $52,000. Tourism Co. Executive Director Carla Campos also announced planned activities “for the enjoyment and benefit of both residents and visitors of […]
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Vaquería Tres Monjitas invests $7.5M to produce world’s 1st long-lasting fresh milk
April 17, 2019
Dairy plant Vaquería Tres Monjitas announced a $7.5 million investment in its operations to launch a new fresh milk product that will have a shelf life of more than 30 days. In doing so, it will become the first dairy producer in the world to use cutting-edge technology to extend the life of a highly-perishable […]
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