Carmela Foods receives more than $1M from DDEC for expansion
January 18, 2024
The incentive will fund new machinery and create jobs in Las Piedras. #NewsIsMyBusiness
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Elevate Startup Showcase competition deadline announced
December 18, 2023
The event offers startups a chance to win $15,000 and mentorship. #NewsismyBusiness
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Puerto Rico explores semiconductor manufacturing potential
December 5, 2023
New proposal aims to grow the industrial sector and create STEM jobs. #NewsismyBusiness
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Puerto Rico Labor Dept. allocates $11.9M for job creation, retention
November 28, 2023
The funds will support various economic sectors and nonprofit organizations. #NewsismyBusiness
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Endeavor Puerto Rico creates initiatives to support local entrepreneurs
August 3, 2023
“Huddles” are a series of structured networking sessions that provide education and support in different areas for high-potential entrepreneurs in Puerto Rico. #NewsismyBusiness
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Puerto Rico-based LemVega Capital launches Biotech Venture Fund III
June 12, 2023
The fund is aimed at fostering growth in early-stage, transformative biotech startups globally. #NewsismyBusiness
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Sequire Investor Summit set for April 24-26 at La Concha Resort
April 19, 2023
Participants to network with and learn about Puerto Rico tax benefits from industry leaders. #NewsismyBusiness
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Puerto Rico Family Department holds event to support microentrepreneurs
March 22, 2023
Over 100 entrepreneurs receive training and economic subsidies to start or expand their businesses through the PODES program.
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Manufacturers Assoc. to hold industrial development fair
March 21, 2023
Guidance will be offered at the free Mayagüez event to entrepreneurs seeking to start or expand their businesses.
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Puerto Rico publishes guidance on incentives for blockchain services
February 28, 2023
With the new guidance, anyone who participates in blockchain validation can receive a 4% tax benefit.
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Puerto Rico Tourism Co. grants $2.8M in incentives for sector recovery
November 18, 2022
To receive the funds, Tourism Co.-endorsed businesses must comply with specific requirements that the agency has established.
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4 Puerto Rico-based co.’s to invest $8.5M after getting $2M from gov’t
November 16, 2022
Bettina Cosmetics, Techno Plastics Industries Inc., Prime Air and Steel and Pipes will benefit and invest.
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Gov’t disburses $1.2M in incentives to SMEs affected by Hurricane Fiona
October 10, 2022
About 40% of the 10,000 applications filed correspond to businesses from the southern and southwestern municipalities.
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Gov’t grants 888 renewable energy incentives to small businesses
April 1, 2022
The benefits were offered through the Apoyo Energético program.
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DDEC grants tax exemptions incentives to young entrepreneurs in 15 towns
October 13, 2021
The Department of Economic Development and Commerce’s (DDEC, in Spanish) Office of Business Incentives announced it has granted tax exemption incentives to 25 young entrepreneurs from 15 municipalities throughout the island to develop new businesses. The agreements provide, for a period of three years, the following benefits: 100% exemption in the payment of tax on […]
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