Seaborne boosting travel incentives through May
April 15, 2014
Seaborne Airlines is making travel even cheaper and easier by offering $1,200 of travel for each $1,000 when customers add funds to their Seaborne accounts during the next three weeks.
chat_bubble0 Comment
visibility2441 Views
Homebuilders: End of ‘Mi Casa Propia’ will hurt sector
April 10, 2014
The head of the Homebuilders Association, Roberto Trápaga, warned Wednesday that funds that fuel the successful “Mi Casa Propia,” a government assistance program that provides mortgage assistance to working people with limited resources, are practically tapped out.
chat_bubble0 Comment
visibility3314 Views
Restaurant chain creating 460 jobs with gov’t support
February 19, 2014
Puerto Rican sister companies Apple Caribe Inc. and Famous Caribe Inc., operators of the Applebee’s and Famous Dave’s chains, respectively, will create a total of 460 full-time jobs supported by the incentives provided through the Jobs Now Act passed by the current administration a year ago.
chat_bubble0 Comment
visibility3652 Views
Gov’t assigns $1M for community microenterprise dev.
December 12, 2013
Puerto Rico Trade and Export rolled out an initiative Wednesday to spur community economic development that is split into two programs: a Microenterprise Development Incubator and an Economic Incentive to Community Microenterprises, said agency Executive Director Francisco Chévere.
chat_bubble0 Comment
visibility2684 Views
Puerto Rico gov’t looks to prop ailing coffee sector
October 3, 2013
Puerto Rico’s Gov. Alejandro García-Padilla announced Wednesday his administration’s plans to strengthen the island’s ailing coffee industry, vowing to help harvest an additional 15,000 acres of new crops and generating 6,000 new jobs over the next two years.
chat_bubble0 Comment
visibility2763 Views
CPAs to host seminar on incentives, Jobs Now Act
October 2, 2013
The Puerto Rico CPA Society, in collaboration with the Economic Development Bank and Puerto Rico Trade and Export, will offer a three-hour seminar about the incentives program available with the approval of the Jobs Now Act.
chat_bubble0 Comment
visibility2393 Views
Agencies list economic development initiatives launched since Jan.
April 24, 2013
The second Economic Development Summit took place at the Puerto Rico Convention Center Tuesday, when members of Gov. Alejandro García-Padilla’s economic team summarized what agencies have been up to since January to further the administration’s agenda to spur private-sector jobs and activity.
chat_bubble2 Comments
visibility3051 Views
AGP files job creation bill; Private sector already pledges 10K slots
January 17, 2013
Gov. Alejandro García-Padilla filed the “Jobs Now Act” bill Wednesday outlining his strategy to create 50,000 jobs in 18 months and the incentives companies will get in exchange for making opportunities available for out-of-work Puerto Rico residents.
chat_bubble0 Comment
visibility3274 Views
Agriculture Dept. assigns $5.8M to struggling farmers
October 26, 2012
In the midst of the worst drought the U.S. mainland has witnessed in more than 50 years, which has significantly increased food prices worldwide, the Agriculture Department has earmarked $3.7 million to help Puerto Rico farmers address higher feed and production costs, agency Secretary Neftalí Soto said Thursday.
chat_bubble0 Comment
visibility3350 Views
$1M in gov’t incentives help retain PeterPaul Electric
October 23, 2012
In 2011, Peter Paul Electric Inc. in Fajardo got a generous offer from the state of Connecticut to consolidate its Puerto Rico operation with that of its parent company’s in New Britain.
chat_bubble0 Comment
visibility4213 Views
Pridco unveils new solar energy incentive
September 26, 2012
The Puerto Rico Industrial Development Company announced Tuesday it has earmarked $10 million to create an incentive program for solar energy projects designed to lower energy costs for manufacturing companies leasing the agency’s buildings.
chat_bubble0 Comment
visibility2941 Views
Green Energy Fund making $11M in incentives available as of July 1
June 28, 2012
The new fiscal year that starts July 1 will make $11 million in incentives available to businesses looking to invest in renewable energy projects, Economic Development and Commerce Secretary José Pérez-Riera said Thursday.
chat_bubble0 Comment
visibility2531 Views
Private Sector Coalition pitches ‘new paradigm for development’
June 14, 2012
The Private Sector Coalition unveiled a strategic plan Wednesday that includes “concrete proposals” to draw attention to unattended sectors and make way for new development standards and job creation to stimulate the economy in the short and long term.
chat_bubble0 Comment
visibility3096 Views
Pierluisi submits ‘Puerto Rico Investment Promotion Act’ bill in Congress
September 23, 2011
Resident Commissioner Pedro Pierluisi introduced Thursday the Puerto Rico Investment Promotion Act, which seeks an amendment to the U.S. Internal Revenue Code to open the door for job creation and strengthening the island’s economy.
chat_bubble0 Comment
visibility4441 Views
Villamil: P.R.’s economy has bottomed out, but contraction will prevail
September 8, 2011
Puerto Rico’s economic situation has reached rock bottom, but it may as well be standing on quicksand given the instability of the U.S. economy and subsequent federal cutbacks, the volatility in petroleum prices and a potential deterioration of the housing market once local incentives run out.
chat_bubble0 Comment
visibility6503 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA