House Bill 72 aims to modernize travel industry regulations in Puerto Rico
February 6, 2025
The proposed amendments seek to consolidate travel agent roles, address technological changes and improve consumer protections. #NewsismyBusiness
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Meraki Paper invests $2M to expand compostable cups manufacturing
December 17, 2024
The company got support from the DDEC Incentive Fund to buy the new equipment and create 25 jobs at its Carolina facilities. #NewsismyBusiness
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Techno Plastics Industries pumping $2M into Añasco plant expansion
November 1, 2024
The DDEC is granting the company close to $1 million in support, agency officials said. #NewsismyBusiness
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Marxuach Precast expands operations with $7M investment
October 2, 2024
The prefabricated concrete manufacturer received a $1.5 million incentive from the Puerto Rico Economic Development and Commerce Department. #NewsismyBusiness
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Ironhack expands AI School in Puerto Rico to boost tech talent
September 27, 2024
The initiative aims to train 1,000 locals and develop 50,000 tech professionals by 2030. #NewsismyBusiness
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Puerto Rico gov’t evaluating Opportunity Zone applications representing $915M in investments
July 24, 2024
Larger staff at the Department of Economic Development and Commerce has accelerated approvals. #NewsismyBusiness
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Islandwide expands operations with $1.6M investment, job creation
July 17, 2024
The move was supported by the Puerto Rico Economic Incentives Fund. #NewsismyBusiness
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DDEC opens application window for Apoyo Energético 2.0 incentive
June 18, 2024
Companies have until June 24 to apply. #NewsismyBusiness
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Frontier opens crew base in Puerto Rico’s Muñoz Marín Airport
June 6, 2024
The new base is expected to employ up to 290 crew members, generate $84 million in local wages and launch 11 new routes. #NewsismyBusiness
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DDEC grants $1M to UPR-RUM to promote agricultural collabs
May 27, 2024
The partnership includes a $1 million incentive to the university. #NewsismyBusiness
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SMEs to receive guidance on Energy Support Program 2.0
May 24, 2024
The funds come from the Community Development Block Grant - Disaster Recovery’s Electrical Grid Reliability and Resilience Program. #NewsismyBusiness
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Reports point to $1M+ in Act 22 donations, impact of economic incentives
May 22, 2024
Puerto Rico No Se Vende study highlights political donations from tax break beneficiaries and the government analyzes the performance of economic incentives. #NewsIsmyBusiness
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Film producer sues gov’t over documents certifying $1.7M tax credit
April 30, 2024
The company received a $1.7 million tax credit for the film produced entirely in Puerto Rico. #NewsismyBusiness
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Gov’t announces initiative to slash energy consumption
April 17, 2024
The Department of Economic Development and Commerce is overseeing the work of swapping old lighting for energy-efficient fixtures. #NewsismyBusiness
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DDEC to host ‘Exporting: Route to Growth’ workshops
April 4, 2024
The workshops aim to guide local businesses into new markets. #NewsismyBusiness
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