The four entrepreneurs are creating 24 jobs and investing more than $616,000.
Acrecent recently secured a $34.8 million investment from four global impact investment firms.
The fund's investments will range from $250,000 to $1 million in companies from the seed stage to pre-IPO.
Any individual resident of Puerto Rico may invest in this Fund.
The Nasdaq Composite is quite particular as it is focused and weighted with a bias toward technology stocks.
Since the Dow hit the elusive 36,000 mark on Nov. 5, 2021 it has fallen 4,131.29 points, or 11.37%.
Puerto Rico has all of the attributes needed to compete with the most popular tourist destinations in the world, but it needs to make significant investments to attractions islandwide and its capital city of San Juan, tourism executives agreed during a panel discussion at the San Juan Economic Forum. “Tourism is based on experiences and […]
Is it worth investing in art? Investing in art is different from many other investments, such as cars, stocks, or bonds, in that if a financial need arises, you can sell these assets reasonably quickly. But art investments don’t have this flexibility of immediate monetization. It depends a lot on the artist, the trends, the […]
In its ongoing bid to attract capital investment to the island Invest Puerto Rico, announced the launch of Impeller, an online hub for investment opportunities on the island. The proprietary tool provides a growing list of business opportunities for issuers and companies looking to access on- and off-island investment deals, InvestPR CEO Rodrick Miller said. […]
Seeking to promote investment in Puerto Rico and boost the island’s rebuilding efforts and economic recovery, local firm Colectivo 360 has organized Puerto Rico ICON, an investors conference that will take place Feb. 25-26 at La Concha Resort. Ricardo Santana, managing partner of Colectivo 360, believes Puerto Rico ICON is “an opportunity to bring together […]
Miami-based registered investment advisory firm GenTrust will open an office in San Juan, to carry out its fiduciary duty to its clients, company officials announced. According to a report published by CityWire, GenTrust handles some $400 million in assets for clients based in Puerto Rico. “Our team has more than two decades of experience servicing […]
X-Square Capital announced the launch of its latest investment instrument, X-Square Balanced Fund, the first mutual fund in Puerto Rico registered with the Securities and Exchange Commission. The main objective of the X-Square Balanced Fund is to provide investors from Puerto Rico a long-term balanced investment alternative that seeks conservation of capital, current income and […]
To promote investment in the hospitality sector, the San Juan Marriott Resort & Stellaris Casino and its owner Jun Zhang, recently invited 30 investors from China to explore economic development opportunities and incentives for Puerto Rico’s tourism sector. The group visited La Fortaleza and participated in the “Puerto Rico Hospitality & Tourism Industry: Investment Opportunities […]
The agreement was formalized with both the local and foreign capital.
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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