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David Geeter-Álvarez, co-founder of the Puerto Rico Impact Investment Network
In-Brief
PRIIN launches to connect impact capital with Puerto Rico entrepreneurs
NIMB Staff June 5, 2025

New network aims to mobilize local and diaspora investment for social impact. #NewsismyBusiness

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Attendees will have the opportunity to meet one-on-one with loan officers to present their business plans and receive guidance on securing financing to start or grow their ventures. (Credit: Thicha Satapitanon | Dreamstime.com)
In-Brief
Mujer Capital back to support access to capital for women entrepreneurs
NIMB Staff June 5, 2025

Event connects businesswomen with financing, mentorship and seed funding. #NewsismyBusiness

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Executives from the Puerto Rico Chamber of Food Marketing, Industry and Distribution (MIDA, in Spanish) present findings from the 2025 Consumer X-ray study.
Featured, General Biz News
Puerto Rico consumers cut back on entertainment, boost essentials
NIMB Staff June 4, 2025

MIDA’s Consumer X-ray 2025 shows rising spending, growing concern over tariffs. #NewsismyBusiness

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Rising interest rates, high home prices and construction tariffs are making homeownership harder to attain in Puerto Rico.
Economy, Featured
Puerto Rico housing affordability declines amid rising prices, tariffs
NIMB Staff June 4, 2025

Estudios Técnicos Inc.’s index shows steep drop as new home prices climb and interest rates stay high. #NewsismyBusiness

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Three nonprofit organizations in Puerto Rico have been granted low-power FM licenses to begin educational and cultural radio programming under a time-sharing schedule approved by the Federal Communications Commission.
Featured, Telecommunications/Technology
FCC grants LPFM licenses in Puerto Rico to 3 nonprofits under time-share
NIMB Staff June 4, 2025

Caguas and Cayey nonprofits secure low-power FM permits after disputes rejected. #NewsismyBusiness

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Corporate Ladder News is my Business
Climbing the Corporate Ladder
New execs named in insurance, hospitality, law, hospital association
Contributor June 4, 2025

New leadership has been appointed in Triple-S, Condado Ocean Club, MZLS Attorneys at Law and the Puerto Rico Hospital Association. #NewsismyBusiness

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From left, Maritza Abadía, president of Banesco USA in Puerto Rico, and Calixto García-Vélez, president of Banesco USA
In-Brief
Banesco USA sees strong Q1 growth in Puerto Rico loans, deposits
NIMB Staff June 4, 2025

Bank reports 25% loan and 45% deposit growth, $76M in ECIP lending. #NewsismyBusiness

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Orlando Bravo, founder and managing partner of Thoma Bravo
In-Brief
Thoma Bravo closes $34.4B in funds to boost software sector investments
NIMB Staff June 4, 2025

The three oversubscribed funds reflect strong investor support across markets, the company stated. #NewsismyBusiness

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Women Trailblazers Connect marked the launch of a series of initiatives to promote inclusion and support women in Puerto Rico’s tech industry.
In-Brief
Women Trailblazers Connect event highlights Puerto Rico tech leadership
NIMB Staff June 4, 2025

Ironhack, Parallel18 and Tech SHEroes PR unite to empower women in tech. #NewsismyBusiness

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The NielsenIQ report explains how Puerto Rico’s retail formats and product categories responded to recent economic and consumer shifts.
Economy, Featured
NielsenIQ: Puerto Rico consumer sector sees early ’25 sales volume lift
NIMB Staff June 3, 2025

Lower price fluctuations help ease overall market decline, report shows. #NewsismyBusiness

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Gov. Jenniffer González, center, signs Puerto Rico’s new permitting reform alongside Sebastián Negrón-Reichard, secretary of the Department of Economic Development and Commerce, and private sector leaders.
Featured, Government
Puerto Rico gov’t launches sweeping permitting system reform
NIMB Staff June 3, 2025

New system introduces AI, faster inspections and support from private sector. #NewsismyBusiness

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Erica Cole of NoLimbits, an accessible-apparel brand from P18 Gen. 12, raised $3 million in Series A funding and signed agreements with Hanger Clinic, Walmart and QVC.
Featured, General Biz News
Parallel18 welcomes 13th startup cohort, tops 500 accelerator grads
NIMB Staff June 3, 2025

P18 alumni have created more than 800 jobs, and their cumulative revenue has reached $502.3 million. #NewsismyBusiness

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From left, Brian Miller of Business Innovation Group, San Juan Mayor Miguel Romero and Daphne Barbeito attend the signing ceremony approving new economic development decrees in San Juan.
In-Brief
San Juan grants new business incentives to boost jobs, investment
NIMB Staff June 3, 2025

Private investment nears $98 million under Romero’s economic development strategy. #NewsismyBusiness

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The Vocational Rehabilitation Administration’s program aims to build job readiness and independent living skills for Puerto Rico students ages 14 to 21.
In-Brief
ARV to serve 2K+ students with disabilities in summer boot camps
NIMB Staff June 3, 2025

Program aims to build job readiness, independence, and social skills across Puerto Rico. #NewsismyBusiness

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SBA Atlantic Regional Administrator Matt Coleman, who oversees programs in New York, New Jersey, Puerto Rico and the U.S. Virgin Islands.
Featured, Small Business
SBA sees lending, manufacturing growth in Puerto Rico
Michelle Kantrow-Vázquez June 2, 2025

SBA Regional Director Matt Coleman highlights loan surge, local staffing and new tools to boost the island’s resilience. #NewsismyBusiness

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QUOTE OF THE WEEK:

“Trust is the main ingredient for business. So instead of telling your employees that AI is coming after you’ve made the decision and have a plan for implementation, you should involve them during conception and evaluation. That way, you can address their questions, fears and concerns from the start.”

 

— Paulo Preciado, executive advisor partner for the Caribbean and Central America, Great Place to Work

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