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Rental income, operating expenses and net operating income for Low-Income Housing Tax Credit properties all reached record levels in 2024, showing that higher rents are being offset by rising expenses. (Credit: Novogradac)
Featured, General Biz News
Puerto Rico rents lag as LIHTC income, costs hit peaks
NIMB Staff January 9, 2026

National data highlight pressure on island’s affordable housing. #NewsismyBusiness

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Maintenance work at the Puerto Rico Convention Center in San Juan includes upgrades to the skylight system, the venue’s signature Wave structure and the roof’s waterproofing membrane.
Featured, Government
Convention Center maintenance advances despite delays
NIMB Staff January 9, 2026

La Ola structure reaches 85% completion under phased program. #NewsismyBusiness

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The Ciro 1 solar project in Salinas will add more than 90 megawatts of renewable energy to Puerto Rico’s electric grid, supplying power equivalent to the consumption of more than 75,000 customers.
In-Brief
LUMA connects 90MW solar project to Puerto Rico grid
NIMB Staff January 9, 2026

Ciro 1 project in Salinas marks start of private-sector push. #NewsismyBusiness

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Private-sector gross job gains and losses in Puerto Rico from March 2020 through March 2025, showing a return to net job growth in early 2025 after a late-2024 downturn. (Credit: U.S. Bureau of Labor Statistics)
Featured, Labor/HR
Puerto Rico posts 6,488 net private-sector job gain in Q1
NIMB Staff January 8, 2026

Gross job gains outpace losses as openings and expansions rise. #NewsismyBusiness

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Carlos “Kako” García, chief executive officer of Nave Bank
Banking, Featured
Nave Bank tops $400M in assets, expands business lending
NIMB Staff January 8, 2026

Year-in-review highlights financing for hotels, housing and local enterprises. #NewsismyBusiness

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Luis Muñoz Marín International Airport is Puerto Rico’s primary air travel hub.
In-Brief
San Juan airport traffic slips 4.2% to 1.2M in December
NIMB Staff January 8, 2026

Domestic decline offsets slight rise in international travelers. #NewsismyBusiness

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Puerto Rico Resident Commissioner Pablo José Hernández announced federal funding allocations for education, public safety and health projects under the Community Project Funding program.
In-Brief
Congress bill includes $1M STEM funding request for Vimenti
NIMB Staff January 8, 2026

Resident Commissioner also backs safety projects in Juana Díaz, Cabo Rojo. #NewsismyBusiness

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Customers use a self-service food ordering kiosk at Luis Muñoz Marín International Airport.
In-Brief
Airport Shoppes expands self-order kiosks at SJU airport
NIMB Staff January 8, 2026

Four new units in Terminal A bring total to 19 stations. #NewsismyBusiness

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Puerto Rico’s economic future remains closely tied to whether the power system can deliver reliability — not just repairs. (Credit: Luma Energy’s Facebook page)
Featured, General Biz News
RAND: Puerto Rico’s grid still blocks recovery, growth 
NIMB Staff January 7, 2026

Report urges urgent energy reforms to stabilize economy, services. #NewsismyBusiness

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The Yabucoa BESS and Naguabo BESS battery storage projects in eastern Puerto Rico are designed to store renewable electricity to support grid stability during periods of peak demand. (Credit: Filip Fuxa | Dreamstime.com)
Featured, General Biz News
SolarMax to build 400MWh battery storage in Puerto Rico
NIMB Staff January 7, 2026

Company secures $158M in EPC contracts for grid-stability projects. #NewsismyBusiness

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The Stress-Free Money financial planner, developed by Lysbell Araujo, is available for purchase through Amazon.
In-Brief
New planner aims to simplify personal finance in 2026
NIMB Staff January 7, 2026

‘Stress-Free Money’ guide helps users set realistic financial goals. #NewsismyBusiness

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Antillean Adventist University in Mayagüez, which received a $5 million grant from Lilly Endowment Inc. to support a five-year digital storytelling project focused on Christian faith in Puerto Rico and the Central Florida diaspora.
In-Brief
Antillean lands $5M grant for faith storytelling project
NIMB Staff January 7, 2026

University to produce digital stories on Puerto Rican faith journeys. #NewsismyBusiness

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The fourth cohort of the Kauffman Foundation’s FastTrac program in Puerto Rico will be offered in partnership with the Metro Women’s Business Center and run for eight weeks in a hybrid format. (Credit: Iuliia Lisitsyna | Dreamstime.com)
In-Brief
Program supports women starting new businesses in Puerto Rico
NIMB Staff January 7, 2026

Metro Women’s Business Center opens FastTrac academy enrollment. #NewsismyBusiness

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The rooftop lounge at Magdalena 1163 in San Juan’s Condado district was designed for small gatherings, private dinners and events.
Featured, Tourism/Transportation
$7M Magdalena 1163 boutique hotel opens in Condado
NIMB Staff January 5, 2026

The new property offers a hotel designed for business and leisure travelers seeking comfort, exclusivity and personalized service. #NewsismyBusiness

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QUOTE OF THE WEEK:

“Policies enacted by the [Government of Puerto Rico] do not reflect the urgent needs of the electric power sector. On the contrary, many policies are likely to undermine reliability.”

 

— RAND’s “Priority Recommendations for Puerto Rico to Promote Well-Being and Economic Growth”

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