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The Puerto Rico No Se Vende coalition released “Dolor y lucro: los inversionistas con múltiples exenciones contributivas que empobrecen a Puerto Rico” (“Pain and Profit: Investors with Multiple Tax Exemptions that Impoverish Puerto Rico”), a study examining the impact of the island’s tax incentive system.
Featured, General Biz News
Study: Puerto Rico lost $18B to investor tax incentives
NIMB Staff October 29, 2025

The Puerto Rico No Se Vende coalition warns of deepening inequality as the government expands audits to curb noncompliance under Act 60. #NewsismyBusiness

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Nickolaus Cortese, executive vice president of Grand Reserve Puerto Rico, announced the start of construction on Marea Residences, a $100 million oceanfront development in Río Grande.
Featured, General Biz News
Construction begins on $100M Marea Residences project
NIMB Staff October 29, 2025

Luxury development at Grand Reserve Puerto Rico marks new phase of high-end tourism and residential growth in Río Grande. #NewsismyBusiness

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Puerto Rico remains trapped in a “The Truman Show”-like cycle, endlessly reliving the same governance failures the Tobin Report warned about, writes Antonio Santos, a hospitality and tourism professional and former House candidate. (Image generated by ChatGPT)
Biz Views
Puerto Rico’s Truman Show: Stuck in fiscal déjà vu
Contributor October 29, 2025

Half a century after the Tobin Report, Puerto Rico still repeats its fiscal mistakes, writes Antonio Santos. #NewsismyBusiness

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Yamil J. García-Díaz, president of the Cooperativa de Seguros Múltiples, announced $50,000 in donations to five community organizations in Puerto Rico.
In-Brief
Seguros Múltiples, FHLBNY fund nonprofits driving local devt
NIMB Staff October 28, 2025

Cooperativa de Seguros Múltiples donates $50,000 to five community groups in Puerto Rico. #NewsismyBusiness

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Esteban Colón and Beatriz Castro present the findings of the 2025 Consumer Foresight Study during the SME Marketing Summit in San Juan.
Featured, General Biz News
SME study finds Puerto Ricans prioritize stability, value
Michelle Kantrow-Vázquez October 24, 2025

Six in 10 expect financial improvement in 2025, while savings, health and emotional well-being top spending priorities. #NewsismyBusiness

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José Rafael Fernández, CEO of Oriental and a board member of the Federal Home Loan Bank of New York.
Banking, Featured
OFG Bancorp posts solid Q3 gains, boosts AI strategy
NIMB Staff October 23, 2025

Oriental Bank parent reports higher revenue, stable credit quality and plans expansion of AI tools for business clients. #NewsismyBusiness

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The Center for a New Economy marked the Tobin Report’s 50th anniversary with the event “50 Years Since the Tobin Report on Puerto Rico.”
Biz Views
50 years after Tobin, Puerto Rico’s next industrial revolution is digital
NIMB Staff October 20, 2025

Parallel18’s Rodota says the island’s economic future rests on startups that drive local ownership and global reach. #NewsismyBusiness

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Jeffrey Quiñones-Díaz, a partner at The Consulting Lead LLC and a public affairs and policy consultant, warns that efforts to devalue the U.S. dollar while preserving its global reserve status could threaten financial stability. (Credit: Imagepixel/Dreamstime.com)
Biz Views
A layperson’s perspective: The dollar’s double game
Contributor October 16, 2025

A policy consultant warns that attempts to weaken the U.S. dollar while maintaining its reserve currency status could spark global instability and hyperinflationary risk. #NewsismyBusiness

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Puerto Rican families are adjusting spending as inflation and import tariffs put pressure on household budgets. (Image generated with ChatGPT)
Featured, General Biz News
NielsenIQ: Inflation, tariffs reshape Puerto Rico’s consumer habits
NIMB Staff October 9, 2025

New analysis reveals how economic pressures and import costs are changing how Puerto Ricans shop and spend in 2025. #NewsismyBusiness

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Tanairí Miranda-Torres, founder of Barras.
In-Brief
Barras soaps debut on Walmart Puerto Rico shelves
NIMB Staff September 26, 2025

Local artisanal brand expands reach with milestone retail launch. #NewsismyBusiness

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Bad Bunny’s 30-show residency in Puerto Rico generated an estimated $200 million in direct economic activity.
Economy, Featured
Bad Bunny residency drives 3% rebound in Puerto Rico consumption
NIMB Staff September 24, 2025

NielsenIQ: Concert series boosts sales across key retail sectors. #NewsismyBusiness

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Bad Bunny’s 30-show residency in Puerto Rico generated an estimated $200 million in direct economic activity.
Biz Views, Featured
‘Acho, el capitalismo es otra cosa’
Contributor September 19, 2025

Antonio Santos says Bad Bunny’s residency proves Puerto Rico’s culture can fuel economic growth and challenge old narratives. #NewsismyBusiness

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Puerto Rico’s real gross domestic product grew 3% in 2023, recovering from a 2.1% decline in 2022, according to the U.S. Bureau of Economic Analysis.
Economy, Featured
Puerto Rico’s GDP grows 3% in 2023 after decline
NIMB Staff September 18, 2025

Exports, government spending and tourism drive economic rebound, BEA data shows. #NewsismyBusiness

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Amazon Music will stream “No me quiero ir de aquí: Una más” live from the Puerto Rico Coliseum on Sept. 20 at 8:30 p.m. Eastern time, marking the final night of Bad Bunny’s residency.
Featured, General Biz News
Amazon, Bad Bunny drive new investment in Puerto Rico
NIMB Staff September 15, 2025

Partnership links global music platform with education, agriculture, and economic growth initiatives to strengthen the island’s economy. #NewsismyBusiness

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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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QUOTE OF THE WEEK:

“Policies enacted by the [Government of Puerto Rico] do not reflect the urgent needs of the electric power sector. On the contrary, many policies are likely to undermine reliability.”

 

— RAND’s “Priority Recommendations for Puerto Rico to Promote Well-Being and Economic Growth”

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