The Department of Economic Development and Commerce (DDEC, in Spanish) announced that starting June 3, its Rums of Puerto Rico program, jointly with the brands it represents, will distribute $2.5 million in incentives to members of the alcoholic beverages sales and service industry. The funds will go to bar owners, alcoholic beverage retailers and mixologists/bartenders, […]
Cigar manufacturer Congar International Corp. will expand its operations in Puerto Rico and will add 85 new jobs to the more than 300 employees it already has on its payroll. The company that has been established in Cayey for 60 years plans to invest $23 million in a four-year period during the expansion process. “Congar […]
Puerto Rico’s small- and mid-sized businesses (SME’s) looking to grow their operations may be eligible for as much as $100,000 in seed funding from a number of programs under the Department of Economic Development and Commerce (DDEC, in Spanish). During a roundtable discussion to mark small business month, the agency brought together five companies — […]
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
