Puerto Rico credit union deposits up 12%, while customer base continues to expand
January 26, 2022
The Financial Stability Index for the Credit Union Industry in Puerto Rico, prepared by Estudios Técnicos Inc. (ETI), shows that conditions in this industry continued to improve in the third quarter of 2021. Economist Leslie Adames, director of ETI’S Economic Analysis and Policy Division, said “the index increased from 0.49 in the third quarter of […]
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Practical Techie: Third generation cell phones will phase out
January 26, 2022
It’s written on the digital wall: Most major telecom companies are phasing out third-generation networks by February 2022. Network providers are shutting off 3G to repurpose the finite spectrum or the airwaves allotted by the Federal Communications Commission to send wireless signals. This means cell phones that rely solely on a 3G connection are most likely to end […]
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Texas Roadhouse to open 1st eatery in Puerto Rico in ’23, 3 more planned
January 26, 2022
Urban Edge Properties announced the upcoming opening of the first Texas Roadhouse restaurant in Puerto Rico, to be located at the Outlets at Montehiedra. The aim is to open the first eatery in mid-2023 and another three locations in coming years, the company stated. The 6,400 square-foot Texas Roadhouse location will employ 150 people, and […]
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Puerto Rico jobless rate at 7.5% in Dec. ’21, down from 9.2% in Dec. ’20
January 26, 2022
Puerto Rico’s seasonally adjusted unemployment rate was estimated at 7.5% in December 2021, representing a decrease of 0.3 percentage points when compared to November 2021, and 9.2% when compared to December 2020, dropping 1.7 percentage points. The Puerto Rico Labor Department published the most recent study that identifies people who are fit and available to […]
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Grupo Guayacán, Liberty Foundation partner for ‘Conectando tu negocio al éxito’ program
January 26, 2022
Grupo Guayacán and Liberty Foundation have kicked off 2022 with an open call seeking entrepreneurs interested in participating in ‘Conectando tu negocio al éxito,’ their new entrepreneurial training program, which will offer mentoring and financial aid to start-up companies throughout the island. This program seeks to promote the innovation and growth of Puerto Rican entrepreneurship […]
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To Go Stores to pay $125K civil penalty for environmental violations in Puerto Rico
January 25, 2022
The U.S. Environmental Protection Agency announced a settlement between the United States and To Go Stores, LLC., that will resolve alleged violations of federal environmental laws at 15 gas stations in Puerto Rico. The company will pay a $125,000 civil penalty as part of the agreement. Underground storage tanks owned and/or operated by To Go […]
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FEMA assigns $554M+ to rehab Puerto Rico’s public housing facilities
January 25, 2022
About 275 public housing complexes representing more than 4,600 facilities and structures that suffered damage due to Hurricane María will be rebuilt with an obligation approved by the Federal Emergency Management Agency (FEMA). The federal share of more than $554 million to the Puerto Rico Public Housing Administration is in addition to another $109 million […]
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LMM Airport operator, tenants to host job fair to fill 450+ positions
January 25, 2022
Given the labor shortage caused by the coronavirus pandemic, Aerostar Puerto Rico, together with the businesses established at the Luis Muñoz Marín International Airport, will hold a job fair Feb. 1-2, seeking to recruit more than 450 new employees. The hiring event will take place on the second level of Terminal D, near the airport […]
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Fundación Triple-S invests in 6 projects to work with food security, social isolation
January 25, 2022
Fundación Triple-S announced it will support six initiatives that work with different low-income vulnerable populations, who live alone, have chronic conditions, and need support with food security and emotional wellbeing. Fundación Triple-S is investing approximately $150,000 and will be channeled through a group of non-governmental organizations (NGOs) that have experience in addressing social problems in […]
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5 nonprofits partner with Medtronic Foundation for new STEM programs in Puerto Rico
January 25, 2022
Five nonprofits that either operate in or have ties with Puerto Rico have signed up for multi-year partnerships with the Medtronic Foundation to serve underserved and underrepresented K-12 students. The partnerships address the root cause of persistent inequities by creating opportunity for economic advancement and improving lives through science, technology, engineering, and math (STEM) education. […]
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World Travel & Tourism Council to host Sustainability and Investment Forum in San Juan
January 24, 2022
The next edition of the World Travel & Tourism Council’s Sustainability and Investment Forum will take place in San Juan June 14, gathering world leaders in the field to analyze the challenges facing the sector. At a press conference in Spain, during the International Tourism Fair in Madrid (FITUR 2022) Puerto Rico Tourism Co. and […]
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Puerto Rico received $392M from USDA Rural Dev’t in ’21
January 24, 2022
The USDA Rural Development allocated nearly $392 million to Puerto Rico in 2021 “to help ensure that rural residents and businesses have equitable access to housing, health care, economic development, and other essential services,” agency Under Secretary Xochitl Torres-Small announced. The funding came during the first year of the Biden-Harris administration. Luis R. García, acting […]
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Op-Ed: Neuromarketing, the revolution of emotions
January 24, 2022
Emotions and consumers are an inseparable couple, but what is the real importance of emotions in the decision-making process? Are they always present or only in some products’ purchase process? Are companies gathering the appropriate information from the precise sources and with the appropriate technology? Neuromarketing has come to definitively stay in the market research […]
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Puerto Rico-based Hallo chosen to compete in 9th Annual Startup of the Year Summit
January 24, 2022
Puerto Rico-based Hallo has been chosen as one of the Top 100 startups to compete and participate in the 9th Annual Startup of the Year Summit Jan. 25-27 in the Tampla, FL innovation hub. The three-day event is powered by Established with Host Partner, Embarc Collective, and presented by title Sponsor, ReliaQuest, organizers said. Startup […]
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El Portal de El Yunque reopens after $18.1M in repairs
January 21, 2022
El Portal de El Yunque has reopened nearly five years after Hurricane María destroyed it, following an $18.1 million investment by the US Department of Agriculture Forest Service. The recovery project has “a new focus on collaborative management with non-governmental organizations and broader community integration,” the agency stated. The project, which took 30 months to […]
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