Oriental grants $1.4M loan to Bettina Cosmetics Inc.
July 29, 2014
Oriental Bank’s corporate banking division recently granted Puerto Rican company Bettina Cosmetics Inc. a loan exceeding $1.4 million, in keeping with its goal of supporting the island’s economic development.
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UTC Aerospace Systems expands Puerto Rico presence
July 23, 2014
UTC Aerospace Systems announced Tuesday, in tandem with the government that it has created more than 200 jobs in recent months in its affiliates in Puerto Rico, where it plans to invest an additional $9M in its Santa Isabel operations to meet increased demand for its products.
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Denny’s marks silver anniversary in Puerto Rico
May 30, 2014
Casual dining restaurant chain Denny’s is marking its 25th anniversary in Puerto Rico and apparently has no plans to scale back its presence, announcing the construction of a new $2 million location in Aguadilla that is slated to open in February 2015.
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Actavis investing $48M to expand in Manatí, Fajardo
May 29, 2014
Pharmaceutical company Actavis is investing $48 million to expand operations in Manatí, where it will develop a solid dosage manufacturing and packing facility, and expand its current hormone production in Fajardo, Gov. Alejandro García-Padilla announced Wednesday.
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Honeywell Aerospace to open new $35M high-tech lab
April 23, 2014
Honeywell Aerospace announced an agreement with the government to establish a new $35 million electromagnetic compatibility and environmental test laboratory in the mountain town of Moca.
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Acrecent Financial announces equity raise, expansion
February 25, 2014
Acrecent Financial Corporation recently announced the completion of a capital raising transaction to expand its footprint in Central America, Dominican Republic, Colombia and Mexico.
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Insight Managing Solutions investing $200K to expand
February 12, 2014
Through an estimated investment of $200,000, Puerto Rican company Insight Managing Solutions will expand its operations in San Juan, after reaching an incentives agreement with the Puerto Rico Industrial Development Company, representing a commitment to create 100 new jobs over the next 36 months, company and government officials announced Tuesday.
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National University pumping $12M into new projects
January 10, 2014
National University College is investing a total of $12 million to fund the expansion of its Ponce, Río Grande, and Bayamón campuses, as part of a five-year strategic plan to provide better facilities for students and increase the number of enrollments.
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Syniverse to support LTE for Open Mobile in Puerto Rico
December 19, 2013
Puerto Rican mobile service provider Open Mobile has signed a multi-year agreement to renew existing services and to add services provided by Florida-based to better serve their LTE customers.
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Taco Maker grows to U.S., LatAm; launches new concept
December 12, 2013
The owners of the Taco Maker chain in Puerto Rico are setting their sights on other markets on the U.S. mainland and in Central and Latin America to fuel growth in 2014, when the company also plans to expand on a newly introduced modular restaurant concept they believe is the cornerstone to successfully bucking local economic conditions.
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Claro continues to expand its 4G LTE network
December 10, 2013
Telecommunications provider Claro Puerto Rico announced Monday the expansion of its 4G Long-Term Evolution (LTE) network to nine more municipalities in Puerto Rico, totaling 18 new additions in just seven weeks.
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Challenger Brass & Copper invests $1M to expand
December 10, 2013
Challenger Brass and Copper Inc., a Toa Baja company dedicated to the commercialization and distribution of copper, brass, bronze, stainless steels and aluminum, announced Monday plans to invest $1 million on equipment and machinery to establish a copper parts manufacturing line.
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Puerto Rico cancer center opening $8.3M office in Miami
November 25, 2013
Caribbean Radiation Oncology Center in Bayamón is planning to build a new state-of-the-art facility in Miami, where it will create 22 jobs through $8.3 million in capital investments to expand beyond Puerto Rico’s shores.
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Stryker CEO predicts growth for Puerto Rico operation
November 18, 2013
Medical device manufacturer Stryker could be on a path toward growth in Puerto Rico.
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Rock Solid to create 100 jobs in 3 years, expands office
November 15, 2013
After signing a contract to export human capital services with Fortis TCI, an electricity provider in the Caribbean, Puerto Rican company Rock Solid Technologies Inc., signed an agreement with the Puerto Rico Industrial Development Company to create 100 new computer engineering jobs over the next 36 months.
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