[PODCAST] Benefits of opening an IRA account as tax deadline looms
April 11, 2019
CPA Rubén Rodríguez, a member of the Puerto Rico Society of CPAs, and expert on the topic of Individual Retirement Accounts (IRAs), discusses their benefits to taxpayers in Puerto Rico in our latest podcast episode.
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Sheraton Puerto Rico Hotel & Casino to undergo $10M renovation
April 11, 2019
The Sheraton Puerto Rico Hotel & Casino will embark on a $10 million top-to-bottom makeover, starting with its 503 guest rooms, the lobby and bar areas, this media outlet confirmed. The work will begin in July and should be completed by November, said Jeannette Avilés, director of sales and marketing for the property that opened […]
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Walmart begins $7M renovations in 2 Supercenters, 2 Amigo stores
April 11, 2019
Walmart Puerto Rico announced plans to remodel its Supercenter stores in Canóvanas and Barceloneta, as well as Amigo Supermarkets in Guaynabo and Guayama, with an investment of more than $7 million. With these new projects, Walmart has invested more than the $30 million in Puerto Rico in the past 18 months, after the onslaught of […]
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Grupo Guayacán, MCS Foundation launch call for fellowship program applications
April 11, 2019
MCS Foundation and Grupo Guayacán, Inc. (GGI) announced the call for applications for the second annual MCS Foundation Health Innovation Fellowship which will sponsor the participation of one company within the healthcare industry to the 2019 Guayacán Venture Accelerator (GVA). The GVA is an executive education and development program for companies established in Puerto Rico […]
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U.S. Dept. of Labor continues compliance assistance efforts in the USVI
April 11, 2019
U.S. Department of Labor Wage and Hour Division representatives are working in St. Croix and St. Thomas to provide compliance assistance and education for employers, and to investigate payroll practices related to ongoing recovery efforts following Hurricanes Irma and María, the agency announced. WHD will review employers’ compliance with federal labor statutes including the McNamara-O’Hara […]
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Gov’t promotes apprenticeships for manufacturing, aerospace, tech
April 11, 2019
The “Apprenticeship Accelerator,” a program aimed at employers in the manufacturing industry wishing to implement such programs in their companies, will take place in Ponce and Aguadilla April 11 and 25, respectively, the Department of Economic Development and Commerce announced. Information will be provided to employers looking to integrate apprenticeships as part their recruitment process, […]
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Colmena66 brings 200 organizations, programs into its network in 2 years
April 11, 2019
Colmena66, the specialized business support network that operates under the direction of the Puerto Rico Science, Technology and Research Trust has more than 200 organizations and programs in its network dedicated to building and strengthening the business community on the island. The organization affiliated with SourceLink, an organization established with the support of the Kauffman […]
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PREPA’s situation ‘complex,’ result of ‘perfect storm’
April 10, 2019
The Puerto Rico Electric Power Authority’s transformation will require a strong energy policy as well as an implementation strategy that considers the island’s “complex situation.” Such was the opinion of Tomás J. Torres, executive director of the Puerto Rico Institute for a Competitive and Sustainable Economy, in testimony presented before the U.S. House of Representatives Committee […]
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Op-Ed: The small business boom rolls on
April 10, 2019
As Tax Day 2019 swiftly approaches, numerous entrepreneurs are seeing new benefits from the Tax Cuts & Jobs Act, enabling them to grow their ventures and hire additional staff. I recently co-hosted the White House Manufacturing Roundtable at which about 20 small business owners discussed the resurgence of manufacturing in the chemical, construction, consumer goods, […]
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PathStone Enterprise Center receives $1.5M Wells Fargo grant
April 10, 2019
PathStone Enterprise Center Inc. (PECI) received a $1.5 million grant from Wells Fargo to provide capital and technical assistance to business owners on the island, the company announced. The investment, which is part of the Wells Fargo Works for Small Business: Diverse Community Capital (DCC) program, will help small businesses that are still in the process […]
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Gov’t unveils online ticketing service for Vieques/Culebra ferry service
April 9, 2019
Gov. Ricardo Rosselló announced the creation of a digital platform that will allow users of the ferries traveling between Vieques, Culebra and Ceiba to purchase tickets online, access route maps and find answers to frequently asked questions. Through www.porferry.com users will have access to a detailed itinerary of routes with boarding and departure times, estimated times of […]
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3rd co-branded Dippin’ Dots/Doc Popcorn store to open in P.R.
April 9, 2019
Doc Popcorn, a franchise featuring fresh-popped, kettle-cooked popcorn, will open its third co-branded location in Puerto Rico to also serve Dippin’ Dots flash-frozen ice cream at the Route 66 Outlets in Canóvanas on April 13, the retailer announced. The new co-branded Dippin Dots/Doc Popcorn store — as well as the ones in Bayamón and Hatillo […]
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World Computer Exchange-P.R. opens 1st refurbishing club in Santurce school
April 9, 2019
World Computer Exchange-Puerto Rico recently opened its first refurbishing club in the Padre Rufo Bilingual School in the Santurce neighborhood of San Juan. The new WCE Refurbishing Club lab will be installed in a storage area at the school, which has 347 students in grades 7-12, that was recently rebuilt by the Ciudadela real estate […]
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Nonprofits present Poverty Inc. documentary to find alternatives to erase poverty
April 9, 2019
Given that 43.5% of Puerto Rico residents are below the poverty level, according to the Federal Census Bureau, five nonprofits got together recently to present the Poverty Inc. documentary, in an effort to understand the causes of poverty and redefine strategies to eradicate it. MCS Foundation joined Fundación Banco Popular, the Centro para Renovación Económica, Crecimiento […]
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Pueblo Supermarket chain opening 22th location in Cupey
April 9, 2019
With an investment of $3.9 million and the creation of 85 new direct jobs, Pueblo Supermarket will open its 22nd store on Wednesday in the Cupey sector of San Juan, the retailer announced. The store, located in the Cupey Professional Mall, will open from 6 a.m. to 10 p.m. Monday to Saturday and Sundays from 7 […]
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