Puerto Rico governor signs law to shore up investment
August 1, 2013
Gov. Alejandro García-Padilla recently signed the Puerto Rico Investment Companies Law to encourage investment and capital creation through more flexible regulation.
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Wendy’s Puerto Rico buys $12M in local goods annually
June 25, 2013
In its quest for freshness and to uphold high quality standards, Puerto Rico’s Wendy’s franchisee invests about $12 million a year in goods from local farmers and producers.
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Upgrades on the horizon for Marina Puerto del Rey
June 17, 2013
Less than five months after seeking bankruptcy protection, Marina Puerto del Rey in Fajardo has a new owner with big plans on the horizon for its newest Puerto Rico property.
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Economist: Puerto Rico needs $10B-a-year push
April 22, 2013
Puerto Rico’s economy will need about $10 billion in new investments over the next three years to grow by at least 3.3 percent annually and find its way back to more prosperous pre-recession levels. In the absence of such an unlikely windfall, it will take more than a decade to circle back to acceptable levels of progress.
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Courtyard by Mariott Isla Verde getting $11M upgrade
February 6, 2013
The Courtyard by Mariott Isla Verde Beach Resort is turning 10 this year and to mark its anniversary, owner International Hospitality Enterprises is pumping a lot of metal into the property, $11 million to be exact.
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Kaufman: ‘Investing in Puerto Rico creates jobs, moves the economy’
November 29, 2012
Keeping local capital well invested, protected and solid is crucial to Puerto Rico, as it is the only way to create jobs and move the economy, said Gregory Kaufman, newly appointed president of Popular Securities during his first meeting with members of the media Wednesday.
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Allied Car & Truck Rental investing $9M in expansion
October 16, 2012
Allied Car & Truck Rental is marking its 30th anniversary by investing $9 million to double its presence in Puerto Rico over the next two years, as well as establish branches outside the island, company officials said Monday.
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Watchdog committee to monitor government purchases
September 26, 2012
The Puerto Rico Office of the Inspector General and the Puerto Rican Industry Investment Board signed an agreement Tuesday establishing a specialized unit to monitor the government’s purchasing process and ensure that priority is given to locally made products.
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US DOT Secretary LaHood inspects infrastructure projects
August 15, 2012
U.S Transportation Secretary Raymond LaHood took a tour of some of Puerto Rico’s major infrastructure projects Tuesday, when Gov. Luis Fortuño outlined the $23 million in federal funds the island is spending on safety and airport development projects.
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P.R. lays out investment benefits to Venezuelan business community
June 22, 2012
In an effort to boost awareness about investment opportunities in Puerto Rico, the Economic Development and Commerce Department and the Venezuelan Association of Entrepreneurs, Executives and Professionals presented before a large group of Venezuelan executives the “Puerto Rico: Investment Opportunities” seminar, focusing on the manufacturing and banking sectors as those with the greatest economic potential.
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EDB launches credit line program to spur local procurement
June 20, 2012
The Economic Development Bank and the Puerto Rico Industry Investment Board announced Tuesday the start of a financing program to provide credit lines of between $50,000 and $900,000 to local companies seeking to selling products and services to the government but who lack the necessary funds to get the process going.
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DirecTV investing $53M in network, tripling HD channels, services
February 9, 2012
Satellite television provider DirecTV is looking to strengthen its leadership position in Puerto Rico through a $50 million investment in new projects during 2012.
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$50M planetarium, hotel planned for Arecibo Observatory
February 1, 2012
Nearly 50 years after it was founded in Arecibo, the world’s foremost single-dish radio telescope facility is the focus of a massive redevelopment project that calls for the construction of a hotel and planetarium to the tune of $50 million, government and facility officials said Tuesday.
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LMM airport up for $40M in improvements
January 31, 2012
The government may be scouting for a private company to operate the Luis Muñoz Marín International Airport in Carolina, but while that happens it is moving forward with some $40 million in improvement projects that are either near completion or will go up for bids in coming weeks.
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P.R. Venture Forum summit focuses on ‘driving growth and building sustainability’
November 29, 2011
The 12th annual Puerto Rico Venture Forum Summit, which will focus this year on the theme of “Driving growth and building sustainability: Expanding your venture opportunity” is slated to take place Dec. 6 at the Condado Plaza Hotel, Grupo Guayacán announced Monday.
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