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The former Naval Station Roosevelt Roads operated from the 1940s until its closure on March 31, 2004. (Credit: Local Redevelopment Authority for Roosevelt Roads)
Biz Views
Roosevelt Roads: What is the plan, Puerto Rico?
Contributor September 15, 2025

Real estate broker Bob Gevinski questions 20 years of inaction at Roosevelt Roads. #NewsismyBusiness

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Economic Development and Commerce Secretary Sebastián Negrón-Reichard announces the unlocking of $1.4 billion in Opportunity Zone investments in Puerto Rico.
Featured, Government
Puerto Rico unlocks $1.4B in Opportunity Zone projects
Maria Miranda September 11, 2025

DDEC clears path for 2,000 jobs in 13 municipalities. #NewsismyBusiness

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Ponce Health Sciences University dental students work with sargassum extracts as part of a project to develop seaweed-based toothpaste.
Education, Featured
PHSU tests toothpaste from sargassum bioactive extracts
NIMB Staff September 8, 2025

Dental students join research turning algae into oral health innovation. #NewsismyBusiness

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FirstBank’s headquarters in San Juan, Puerto Rico
In-Brief
FirstBank invests $466M to boost inclusion, development
Michelle Kantrow August 22, 2025

Bank allocates funds across Puerto Rico, Florida, U.S. Virgin Islands. #NewsismyBusiness

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A deteriorated industrial building in the El Vigía Ward Industrial Park in Arecibo is being demolished by the Puerto Rico Industrial Development Company as part of its plan to clear 33 structures on the island for redevelopment. (Credit: PRIDCO)
In-Brief
PRIDCO speeds up demolitions to attract new manufacturing investment
NIMB Staff August 13, 2025

Agency targets 33 damaged industrial buildings in Puerto Rico to prepare sites for redevelopment. #NewsismyBusiness

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Ports Authority Executive Director Norberto Negrón, center, walks through the airport facilities with employees.
Featured, Tourism/Transportation
Mercedita Airport begins $15.6M taxiway rehabilitation to boost operations
NIMB Staff August 11, 2025

Project aims to enhance safety, meet FAA standards and drive southern Puerto Rico’s growth. #NewsismyBusiness

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Sebastián Negrón-Reichard, secretary of the Department of Economic Development and Commerce, speaks with a student involved in developing the Interactive Map of Puerto Rico’s Logistics and Cargo Ecosystem.
In-Brief
DDEC, Polytechnic University team up on logistics ecosystem map
NIMB Staff August 4, 2025

Student-led project will centralize Puerto Rico freight data to spur growth. #NewsismyBusiness

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Biz Views
Puerto Rico must rethink its municipal structure — before it’s too late
Contributor July 28, 2025

Outdated local government structures threaten Puerto Rico’s fiscal and social future. #NewsismyBusiness

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In-Brief
Caguas launches La Ruta Criolla to boost tourism, community dining
NIMB Staff July 9, 2025

The two routes that make up La Ruta Criolla are projected to generate about $58,000 in monthly economic impact, government officials said. #NewsismyBusiness

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The improved ranking increases Puerto Rico’s visibility as a strategic location for companies seeking operational stability within a U.S. jurisdiction. (Credit: Antonyesse | Dreamstime.com)
Economy, Featured
Puerto Rico rises in global competitiveness rankings, taking 45th place
NIMB Staff June 20, 2025

Island climbs four spots in IMD Yearbook, ranks fourth in the Americas. #NewsismyBusiness

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“The support from Fase1 Intensive is important to ensure that I start off on the right foot and can move on to the next level. Being here, I feel like I'm in the right place, surrounded by the right people,” said Melissa Fort (center) from Gold Dust, a participant in Fase1 Intensive’s fourth cohort.
Featured, General Biz News
Science Trust picks 52 entrepreneurs for Fase1 startup incubator cohort
NIMB Staff June 17, 2025

New Gen. 4 class includes business ideas in tech, tourism and health care. #NewsismyBusiness

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Roxana Trabanco, director of Ipsos, presents the study’s findings.
Featured, General Biz News
Permitting delays, rising costs top challenges in CofC-Ipsos business study
NIMB Staff June 13, 2025

Report finds red tape, service instability and job insecurity hurt competitiveness. #NewsismyBusiness

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David Geeter-Álvarez, co-founder of the Puerto Rico Impact Investment Network
In-Brief
PRIIN launches to connect impact capital with Puerto Rico entrepreneurs
NIMB Staff June 5, 2025

New network aims to mobilize local and diaspora investment for social impact. #NewsismyBusiness

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From left, Brian Miller of Business Innovation Group, San Juan Mayor Miguel Romero and Daphne Barbeito attend the signing ceremony approving new economic development decrees in San Juan.
In-Brief
San Juan grants new business incentives to boost jobs, investment
NIMB Staff June 3, 2025

Private investment nears $98 million under Romero’s economic development strategy. #NewsismyBusiness

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Mateo Cidre, president of the Asociación Hecho en Puerto Rico.
Featured, General Biz News
Hecho en Puerto Rico kicks off 115th anniversary
NIMB Staff April 10, 2025

Among the anniversary highlights is HEPR’s upcoming participation in the National Puerto Rican Day Parade in New York City. #NewsismyBusiness

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QUOTE OF THE WEEK:

“After 10 years of Act 247-2015 [Law for the Promotion of Reusable Bags and the Regulation of the Use of Plastic Bags], we must seriously examine whether public policy has produced the expected effects.

 

We need to see the full picture: protecting the environment, weighing costs for consumers and ensuring viability for retailers. Our duty is to consider amendments or new strategies that bring a fair and effective balance for Puerto Rico.”

 

— Sen. Nitza Morán, chairwoman, Puerto Rico Senate Committee on Economic Development, Small Business, Banking, Commerce, Insurance and Cooperativism

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