Gov’t closes sale of Comunidad Río Bayamón complex for $12M — half of asking price
November 20, 2018
The property was listed for $25 million, but was sold for less than half of that, at $12 million.
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14 companies picked to participate in ‘Pymes Innovadoras’ program
November 16, 2018
Participating entrepreneurs will receive up to $100,000 in incentives to help them set off business growth plans, as well as market and export their innovative products based on science and technology.
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P.R. under consideration for inclusion in U.S. Bureau of Economic Analysis
November 6, 2018
This effort complements the implementation of Department of Economic Development and Commerce Reorganization Act.
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Newly created company identified as buyer of former Sagrado parking lot
November 2, 2018
Santurce Ambulatory Surgical Center Holding, LLC has its office in Old San Juan, according to Puerto Rico State Department records.
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Oversight Board certifies Commonwealth, UPR fiscal plans
October 24, 2018
The New Fiscal Plan for the Commonwealth of Puerto Rico has been updated to reflect more reliable revenue and expenditure data for Fiscal 2018.
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Banco Popular adds 40K new clients in the year since Hurricane María hit
October 4, 2018
Banco Popular added 40,000 new clients, as other financial institutions opted to close branches after Hurricane María tore through the island last year.
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Rosselló signs executive orders to achieve savings, reorganize several agencies
October 3, 2018
Puerto Rico Gov. Ricardo Rosselló a pair of executive orders to achieve efficiencies in the Insurance Commissioners’ Office and the Office of the Commissioner of Financial Institutions, as well as other offices related to the agricultural industry.
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FEMA awards P.R. some $56M in federal grants
September 28, 2018
The Federal Emergency Management Agency confirmed it has awarded Puerto Rico nearly $56 million in grants to cover Hurricane María-related expenses.
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P.R. gov’t fetches $11.6M for former ‘Sears property’ in Hato Rey; 13 other assets on the block
September 3, 2018
The government of Puerto Rico has sold a commercial lot, known as the “former Sears property” in Hato Rey — held in the defunct Government Development Bank’s portfolio — for $11.6 million.
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Proposed tax incentives add ‘layer of complexity’ to P.R.’s difficulties
August 7, 2018
The government’s attempt to overhaul Puerto Rico’s tax code into an easy-to-monitor regime “adds yet another layer of complexity” to the island’s already complicated situation.
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P.R. gov’t reaches preliminary restructuring support agreement with PREPA bondholders
July 31, 2018
The Financial Oversight and Management Board for Puerto Rico, the Puerto Rico Electric Power Authority, and the Fiscal Agency and Financial Advisory Authority have reached an agreement with the Ad Hoc Group of PREPA bondholders.
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Gov’t unveils new website that eases doing business in P.R.
July 25, 2018
Gov. Ricardo Rosselló and Economic Development and Commerce Secretary Manuel Laboy confirmed the launch of the Single Business Portal, a new tool that facilitates the process to carry out business in Puerto Rico.
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Gov’t announces $1.5B in P3 projects to rebuild P.R.’s infrastructure, economy
June 22, 2018
This week, government officials confirmed six public-private partnership projects in the pipeline representing a combined $1.5 billion in investments in Puerto Rico’s infrastructure.
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Gov’t cuts 116 regulations via ‘Dale Tijera’ initiative
May 30, 2018
The government’s "Dale Tijera" initiative launched March 12 has already resulted in the elimination of 116 regulations, Puerto Rico Secretary of State Luis Rivera-Marín said.
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Gov’t incentives to farmers, filmmakers, hospitals up for elimination
May 17, 2018
Gov. Ricardo Rosselló’s administration has put together a list of incentives granted to different sectors and companies that do not offer a return on investment to the public coffers, and will recommend their elimination.
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