The Puerto Rico United Retailers Association and the Ana G. Méndez University System signed a collaboration agreement this week through which the Turabo University School of Business and Entrepreneurship will conduct a study on the current situation of small and medium enterprises, better known as PYMES.
Given that several weather forecasting organizations have anticipated a very active hurricane season, United Retailers Association President Enid Monge is urging retailers to “be vigilant and have a plan” to protect their businesses against the problems arising in the wake of a storm.
United Retailers Association President Enid Monge urged the creation of a security network for businesses in the wake of the crime wave that has directly affected the sector, which escalated this month.
Worried about the potentially harmful effects that eliminating the business-to-business sales tax exemption would have on their businesses, retail executives recently concluded that if the Treasury Department want to increase its revenues, it needs to “correct and streamline” the process of capturing the sales and use tax to collect from evaders.
Criticism to the bill proposing amendments to Puerto Rico’s sales and use tax code poured in Thursday from many of the island’s most prominent professional organizations, which essentially agreed that eliminating certain exemptions would have a “devastating” effect on businesses and consumers.
The Economic Development Bank, the Family Department's Socio-Economic Development Administration, known as ADSEF, the Puerto Rico Chamber of Commerce (CofC) and the United Retailers Association (CUD) announced Thursday the signing of a pair of agreements to launch a job promotion plan for low-income residents.
It seems as though everybody is looking for ways to drive down Puerto Rico’s mounting energy costs, which are strangling residential and commercial customers alike every month. On Monday, a large group of private sector representative came together to propose to the governor the creation of an independent body to find solutions in the short, medium and long term to deal with the problem.
Several initiatives are in the works to strengthen the island’s small and mid-sized businesses, including developing a website through which local companies can explore export opportunities, especially to countries in the Caribbean and Latin America.
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