Econ. Dev’t issues 41 decrees of new co.’s developed by young entrepreneurs
January 26, 2021
The Department of Economic Development and Commerce, through its Youth Development Program, issued 41 decrees of new companies developed by young entrepreneurs, the agency’s Secretary Manuel Cidre announced. The program and its decrees are regulated by Law 60 of 2019, known as the New Incentives Code. This program targets participants between 16 and 35 years […]
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Cidre: ‘Ramping up pharma production requires permanent air hub’
January 12, 2021
Department of Economic Development and Commerce Secretary Manuel Cidre will head to Washington, D.C. next month to lobby — along with Resident Commissioner Jenniffer González — for the permanence of Puerto Rico’s status as a hub for foreign air carriers. Extending the two-year waiver that the U.S. Department of Transportation granted the island in April […]
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Puerto Rico Senate looking to roll back Tourism Co. consolidation into DDEC
January 5, 2021
The Puerto Rico Senate is looking to halt the consolidation of the Puerto Rico Tourism Co. into the Department of Economic Development and Commerce (DDEC, in Spanish) umbrella that is currently underway, stating the need for a “dedicated and autonomous entity to serve the interests of the local tourism sector and the world.” Senate Bill […]
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United Retailers Association, DDEC launch youth internship program
November 9, 2020
The process to apply and be a part of the United Retailers Association’s (CUD, in Spanish) Business Internship has already begun with the support of the Department of Economic Development and Commerce (DDEC). CUD President Jesús Vázquez, along with DDEC Secretary Manuel A. Laboy, invited youth to participate in the initiative open to people between […]
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DDEC, Echar Pa’ Lante join to promote entrepreneurship training for college professors
July 20, 2020
The Department of Economic Development and Commerce (DDEC, in Spanish), jointly with the Echar Pa’Lante Multisectoral Alliance, are sponsoring a series of trainings for college professors on entrepreneurial mindset, the Youth Startup Experience and a symposium led by Babson College. “For the past four years, our agency has been collaborating with Babson College, through the […]
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Entrepreneur Challenge to pick 10 participants to develop business ideas
June 8, 2020
The Entrepreneur Challenge — an initiative headed by the Department of Economic Development and Commerce’s Youth Development Program — has entered its second phase, during which it will select 10 participants to present their business proposals, the agency confirmed. “After launching the challenge for the second consecutive year in February, 280 young people stepped forward […]
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Economic Dev’t announces 4th edition of Robot Makers program
April 23, 2020
The Robot Makers program is back for its fourth edition, featuring a new virtual format to train 116 middle and high school teachers as well as college professors, Department of Economic Development and Commerce Secretary Manuel Laboy announced. “Like all projects being developed in the midst of the emergency due to the spread of COVID-19, […]
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Gov’t earmarks $8M to refund Puerto Rico co’s for COVID-19 expenses
April 9, 2020
Given with the challenge that employers in Puerto Rico are facing due to the health emergency caused by the COVID-19 pandemic, the Department of Economic Development and Commerce is earmarking $8 million in federal funds to reimburse up to 160 employers for certain expenses. Economic Development Secretary Manuel A. Laboy Rivera said the funding will […]
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Gov’t seeks youth in pursuit of developing biz ideas in Puerto Rico
March 9, 2020
The Department of Economic Development and Commerce, through its Youth Development Program, is sponsoring a second edition of its “Entrepreneur Challenge” that seeks to train and encourage young people between the ages of 21 and 29 to develop their companies. “This year we again join forces with the INprende organization to launch the ‘Entrepreneur Challenge’ […]
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Gov’t to host ‘Back to Business’ event in the south
February 25, 2020
Yauco and Guánica will be the scenarios of the “Back to Business event in the South: Economic Reinforcement,” an initiative by the Department of Economic Development and Commerce to offer small and medium-sized entrepreneurs in the southwest area the guidance and tools needed to resume their business operations after the recent earthquakes. “SMEs are an […]
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Govt issues administrative orders to expedite emergency projects
January 20, 2020
Given the urgency to start rebuilding roads affected by the earthquakes that hit the island’s southwest region, as well as building shelters, the Department of Economic Development and Commerce issued a pair of administrative orders through its Permit Management Office (OGPe) to expedite emergency government projects. The OGPe issued Administrative Order (AO) 2020-01 to grant […]
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P.R. gov’t pursues Japanese investment on the island
December 12, 2019
Department of Economic Development and Commerce Secretary Manuel A. Laboy, traveled to New York this week, where he made a presentation to the Japanese Foreign Trade Organization and met with the Consul General of Japan in New York, Kanji Yamanouchi, looking to attract investment in Puerto Rico. “For two days we had the opportunity to […]
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Economic Development to allocate $263K for student research in Ponce
December 9, 2019
In a bid to support high school and university students to continue their work in scientific research, the Department of Economic Development and Commerce’s Youth Development Program will disburse $263,000 for a project being developed at the Ponce Institute of Sciences, agency Secretary Manuel A. Laboy announced. “Science and technology are subjects that are in […]
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Gov’t assigns $100K for student trainings on IoT, robotics, entrepreneurship
November 29, 2019
For the second consecutive year, the Department of Economic Development and Commerce announced the allocation of $100,000 from its Special Economic Development Fund, for 60 young people to participate in the IOTeen Eco Technology and Business Education Project, aimed at training them to master skills related to the Internet of Things (IOT), robotics and entrepreneurship. […]
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Committee on Collaborative Economics meets for 1st time to discuss sector issues
November 4, 2019
The Committee on Collaborative Economics met recently to discuss pressing issues that will give continuity to the work underway to create a procedural framework that enhances the development of this economic sector quickly, consistently and in a transparent manner, Economic Development and Commerce Secretary Manuel Laboy announced. “It is expected that by 2025 the collaborative […]
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