PRiMEX starts free business resiliency planning program
March 4, 2019
With support from the Economic Development Administration, the Puerto Rico Manufacturing Extension nonprofit launched the Business Resilience and Continuity program through which 350 manufacturing companies on the island will benefit from creating and having a business continuity plan. The project was achieved through an allocation of funds that PRiMEX requested and obtained from the EDA, […]
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Popular encourages entrepreneurs to join ‘StartUp Popular’ call
March 4, 2019
Part of the success of any business is to be able to count on capital that supports their growth and keeps the operations solid. In response to that Popular announced its 7th call for funding, business coaching and networking program, StartUp Popular. The application deadline is April 30, 2019. Since its inception, more than 85 […]
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Op-Ed: The Jones Act…Again
March 4, 2019
In a recent issue of News Is My Business (NIMB) an Op-Ed piece summarized a new study on the impact of the cabotage law on Puerto Rico. It is better than all previous ones, according to the co-author of the study, who modestly attributes this to the fact that they interviewed importers and not because […]
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Café Yaucono seeks to motivate Puerto Ricans to create their own business
March 4, 2019
Looking to motivate entrepreneurship in Puerto Rico, Café Yaucono has created an initiative through which it will award two mobile coffee shops that will allow creating a business anywhere on the island. The company has partnered with retailer JF Montalvo for the initiative. Those interested in participating have until Mar. 8 to visit any of […]
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U.S. Customs and Border Protection fast-tracks hiring officers
March 4, 2019
The U.S. Customs and Border Protection recently launched the “Fast Track Hiring Process,” an expedited hiring program that streamlines the hiring process for CBP Officer and Border Patrol Agent applicants who can commit to accelerated hiring timeframes. CBP’s current average time to hire for officers and agents is 300 days. The “Fast Track Hiring Process” […]
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EDB chooses Hacienda Santa Clara as ‘Agricultural Company of the Year’
March 4, 2019
The Puerto Rico Economic Development Bank has selected Hacienda Santa Clara in the town of Yauco as the “Agricultural Company of the Year” by the Minority Business Development Agency as part of the celebration of minority entrepreneur week. “We’re proud that the achievements of entrepreneurs who had the vision of building an innovative company […]
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P.E.C.E.S. offers free workshops to promote sustainability
March 4, 2019
The Community Education and Service Program (known as P.E.C.E.S. for its initials in Spanish) and its Community Sustainability Center have opened a call for residents of Puerto Rico’s eastern region to participate in workshops and free activities in Humacao, scheduled for March. “Our approach is to build resilience and promote sustainable community options,” said José […]
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Metropistas issues $181M in bonds to optimize capital structure
March 1, 2019
Autopistas Metropolitanas de Puerto Rico (metropistas) announced the closing of a $181 million bond issuance to partially refinance a portion of its short-term debt, in what constitutes one of the first bond issuances in the Puerto Rican infrastructure industry since the beginning of the economic recession and the devastation that left hurricane María. The bond […]
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Discover Puerto Rico launches new destination website
March 1, 2019
Destination Marketing Organization Discover Puerto Rico launched the island’s revamped tourism website, featuring a user-friendly layout and dynamic content designed to engage and persuade visitors to select the Island as a place to vacation or develop business events and conventions, executives said. This is an “important step” in the DMO’s brand repositioning process that will […]
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Foundation for P.R. launches talks between nonprofits, gov’t agencies
March 1, 2019
Foundation for Puerto Rico has begun heading the meetings of focus sectors with members of the Whole Community Resilience Program, to define the databases and indicators needed to assess vulnerability in the communities, the nonprofit announced. These collaborative sessions will help examine the needs of all communities in Puerto Rico, with a comprehensive perspective of […]
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Op-Ed: The problem with Vieques/Culebra ferry is 50 yrs of ‘criminal mismanagement’
March 1, 2019
In referring to the unfortunate ferry debacle last weekend resulting in the resignation of Director Juan Maldonado, Vieques Mayor Victor Emeric, was right — the problem is not the misuse of an idle cargo ferry, it’s the 50 years of criminal Maritime Transportation Authority (ATM, for its initials in Spanish) mismanagement that has plagued the […]
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N.Y. Fed President Williams to visit P.R./USVI Mar. 28-29
March 1, 2019
Federal Reserve Bank of New York President John C. Williams will visit Puerto Rico and the U.S. Virgin Islands on Mar. 28-29 to meet with leaders in the local nonprofit, government, and business sectors, the agency announced. The trip will focus on understanding current economic conditions and the continuing recovery efforts in the aftermath of […]
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BADECO opens 2nd cycle of accessible capital program to stabilize, expand businesses
March 1, 2019
The Central-Eastern Development Bank, or BADECO for its initials in Spanish, opened the second cycle of the “Capital Accesible para Tu Negocio” financing program to support entrepreneurs in the areas they need it most to stabilize or expand a business in operation. “’Capital Accesible’ is not just a commercial finance program, but one that includes […]
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Coliseo de P.R. adds new $400K Lounge 118 open bar concept
March 1, 2019
Coliseo de Puerto Rico executives unveiled a new open bar concept at the venue, called Lounge 118, for which it invested $400,000. The new space on the main level is part of the infrastructure improvements underway at the coliseum, said General Manager Eduardo Cajina. The transformation of the 1,100 square-foot space, previously occupied by one […]
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PayPal, Total enable payments at P.R. gas stations through new mobile app
March 1, 2019
PayPal announced the launch of its partnership with Total Petroleum Puerto Rico, seeking to promote e-commerce in the island and to improve the supply of gasoline for Puerto Rican consumers and make it more efficient. This new service will allow consumers to pay with PayPal in more than 10 Total service stations islandwide, through the […]
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