Monllor Capital launches $20M Puerto Rico Opportunity Zone Fund II
June 9, 2025
New fund targets tax-advantaged investments in local businesses and projects. #NewsismyBusiness
chat_bubble0 Comment
visibility1029 Views
Puerto Rico gov’t evaluating Opportunity Zone applications representing $915M in investments
July 24, 2024
Larger staff at the Department of Economic Development and Commerce has accelerated approvals. #NewsismyBusiness
chat_bubble0 Comment
visibility2644 Views
Opportunity Zone program starts to take shape in Puerto Rico
April 3, 2023
Three projects are under construction, while some 42 applications have been received. #NewsismyBusiness
chat_bubble5 Comments
visibility6232 Views
Op-Ed: OZ funds in Puerto Rico have a chance to spark real impact
September 2, 2022
While Puerto Rico has a lot to offer for OZ investors, many funds have avoided the island because of challenges.
chat_bubble0 Comment
visibility4762 Views
Nonprofit Solo Por Hoy Inc. assigned $125K HUD grant
March 26, 2020
Puerto Rico-based nonprofit organization Solo Por Hoy Inc. has received a $125,000 grant from the U.S. Department of Housing and Urban Development, as part of a $40 million assignment from the agency to fair housing organizations working to confront violations of the nation’s landmark Fair Housing Act and help end housing discrimination. The grants are […]
chat_bubble0 Comment
visibility2114 Views
Gov’t publishes Opportunity Zones regulation for public comment
January 31, 2020
Economic Development and Commerce Secretary Manuel Laboy announced the publication for the review by the general public of the regulation that implements the provisions of sections 6070.54-6070.69 of the Opportunity Zones benefits of the Puerto Rico Incentives Code. The regulation establishes the rules, requirements and criteria that will be used for the request and issuance […]
chat_bubble1 Comment
visibility1993 Views
Guaynabo poised to steer $100M+ in economic development projects
September 3, 2019
The Guaynabo municipal government is finalizing the details of what will be the new Guaynabo Development Enterprise Corp. to oversee the development of more than $100 million in projects. Guaynabo Mayor Ángel Pérez confirmed that the ordinance creating the entity should be approved this week, after being discussed in public hearings. When it comes online, […]
chat_bubble0 Comment
visibility2392 Views
Gov’t unveils list of allowed commercial activities for P.R.’s Opportunity Zones
August 22, 2019
The Opportunity Zones Priority Projects Committee has established a list of qualified commercial activities by geographical area for the development of priority projects, pursuant to Law 60-2019, as the government revealed. Committee Chair and the government’s CFO, Omar J. Marrero, said this ordinary process is “an important step toward facilitating this investment mechanism and reinforcing […]
chat_bubble0 Comment
visibility1941 Views
Rosselló signs Opportunity Zones Development Act
May 14, 2019
Gov. Ricardo Rosselló signed into law today Senate Bill 1147, which establishes the regulatory framework for the development of Opportunity Zones in compliance with the Federal Tax Reform of 2017. The Opportunity Zones created under federal law provide tax benefits to low-income communities in order to achieve their economic development. Puerto Rico, as well as […]
chat_bubble0 Comment
visibility1554 Views
An Airbnb boutique hotel: Opportunity Zones arrive in Old San Juan
May 14, 2019
By Joel Cintrón ArbasettiCenter for Investigative Journalism The walk is led by Adrian Beales, an Australian sales director for Lifeafar, a company that offers real estate investment options for people from abroad. Behind him is a group of 20 investors. They left El Convento hotel on Cristo Street in Old San Juan after the second […]
chat_bubble0 Comment
visibility2065 Views
Economic Development Dept. officials promote P.R. in Germany
April 2, 2019
Department of Economic Development and Commerce Secretary Manuel A. Laboy Rivera is taking part in Hannover Messe 2019, an international event in Germany where he will promote Puerto Rico as an investment destination, through the opportunity zones in multiple sectors including research and technology development. “The purpose of the event is to promote investment in new […]
chat_bubble0 Comment
visibility1133 Views
Community distrusts gov’t call for Community Summit
March 5, 2019
By Joel Cintrón Arbasetti | Center for Investigative Journalism Gov. Ricardo Rosselló’s administration is managing a Community Summit that will take place on March 9 at the Convention Center. “I am aware that the Summit is going to take place, but they have not invited me,” Orlando Serrano, community worker from the Salud neighborhood in […]
chat_bubble0 Comment
visibility1217 Views
Opportunity Zones will ‘encourage long-term investments’
December 17, 2018
The Council is chaired by Secretary of Housing and Urban Development Ben Carson and comprised of 13 federal agencies, including the Small Business Administration.
chat_bubble0 Comment
visibility1205 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA