‘Juego Empresarial’ event draws 84 Aibonito businesses to training sessions
February 1, 2022
“Juego Empresarial,” an event recently sponsored by the PROEL Connect firm, drew more than 100 people representing 84 businesses in the central town of Aibonito. The event included virtual and in-person activities and was attended by 23 experts, who spoke about the dimensions of the modern entrepreneur and the strategies of successful entrepreneurship, PROEL Connect […]
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6 consumer goods brands to watch in ’22 in Puerto Rican market
January 31, 2022
In Puerto Rico, 2022 is a promising year for national consumer goods, including well-known brands as well as recently launched ones. Six companies offer a variety of high-quality products worth looking at. 1. Viande FoodsViande Foods LLC focuses on consumers’ health and wellbeing by making locally inspired products, rich in nutrients and flavor. The company […]
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IEEFA: Puerto Rico’s solvency should not come at expense of ratepayers
January 31, 2022
The $8.26 billion in debt claimed by the Puerto Rico Electric Power Authority (PREPA) bondholders should not be borne by island ratepayers and small investors, IEEFA Director of Financial Analysis Tom Sanzillo said in testimony to the island’s legislature. Instead, Sanzillo told the Puerto Rico Senate Permanent Commission on Strategic Projects and Energy that reducing […]
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Puerto Rico-based Pacifico Group investing $1.2M to expand to US mainland
January 31, 2022
Pacífico Group Inc., a company dedicated to providing management and technology solutions to government and companies, recently announced the expansion of its services to the US mainland, after partnering with several companies to execute projects in Louisiana. The Puerto Rican firm will be investing $1.2 million, through the Pacific Public Consulting Division, in this new […]
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75KW solar energy microgrid in the works for Maricao
January 31, 2022
The Puerto Rico Solar Energy Companies Accelerator (AEESPR, in Spanish), part of the Interstate Renewable Energy Council (IREC), will develop a 75KW energy microgrid through the installation of photovoltaic panels that will be placed on the roofs of several establishments in the urban center of the town of Maricao. This project will benefit several facilities, […]
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USDA loans Toa Baja $3.4M to purchase emergency response vehicle, equipment
January 31, 2022
The town of Toa Baja recently received a low interest Community Facility Direct loan of nearly $3.4 million to finance the acquisition of emergency response vehicles and equipment, Luis R. García, acting state director for USDA Rural Development in Puerto Rico announced. The funding is part of a $1 billion investment that the federal agency […]
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Popular Inc. reports $206M in 4Q21 net income, up 17% Y-O-Y
January 28, 2022
Popular Inc., parent company of Banco Popular de Puerto Rico, reported net income of $206.1 million for the fourth quarter ended Dec. 31, 2021, compared to net income of $176.3 million in the same period in 2020. The financial institution also reported net income of $934.9 million for the year 2021, compared to net income […]
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Expedia report shows interest to travel to Puerto Rico up 20% vs. ’20
January 28, 2022
Travel platform Expedia Group released its Expedia 2022 Travel Trends Report that showed, among other things that during the first 15 days of 2022, the market in Puerto Rico has shown growth in several areas. The overall search interest to travel to Puerto Rico is picking up with a +20% growth when compared to 2020, […]
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Lopito, Ileana & Howie appoints new GM
January 28, 2022
As part of its 50th anniversary celebration, San Juan-based advertising agency Lopito, Ileana & Howie, announced the appointment of its new general manager, experienced publicist Alexandra “Alexa” Caraballo, who has also been a partner since 2018. The veteran publicist assumes her new executive role to which she brings more than 25 years of experience working […]
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INprende launches new skills program
January 28, 2022
INprende recently launched a new skills program called Indispensable, which seeks to empower the work teams of companies with skills aligned with the needs of the labor market. The program will consist of 12 hours of training in virtual mode and will include the participation of experts in the development of human capital. The educational […]
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Susan G. Komen Puerto Rico grants $196K to 17 health care programs
January 28, 2022
The Susan G. Komen Puerto Rico Aid Program announced that $196,000 was awarded for the 2022 grant cycle to finance 17 programs in the categories of screening and diagnosis, active treatment, and cancer support programs. Selected nonprofit organizations serve communities with limited access to health services and will serve as spokespeople for the organization. The […]
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Fairmont El San Juan Hotel delivers $7,500 to Make-A-Wish Puerto Rico
January 28, 2022
The Fairmont El San Juan Hotel delivered a donation of $7,500 to Make-A-Wish Puerto Rico as part of its annual initiative, the “Trees of Hope” program. Over the holiday season, the hotel’s lobby was decorated with Christmas with the names and logos of the companies that contributed. “For more than 30 years, this foundation has […]
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First BanCorp. reports $281M in net income in ’21, vs. $102M in ’20
January 27, 2022
First BanCorp., parent company of First Bank, reported net income of $281 million for the year ended Dec. 31, 2021, compared to $102.3 million for the year ended Dec. 31, 2020. In an interview with News is my Business, First BanCorp. CEO Aurelio Alemán attributed the growth to the completion of the acquisition of Banco […]
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Construction permit approvals for coastal projects fast-tracked during Pierluisi’s 1st year
January 27, 2022
By Víctor Rodríguez Velázquez | Center for Investigative Journalism Far from slowing the pace of construction on Puerto Rico’s coasts to address climate change, as experts have requested, Gov. Pedro Pierluisi’s administration hit the accelerator to approve construction permits along the coasts. During his first year in office, and well into the pandemic, approval of […]
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Op-Ed: ’22 brings issues that will be ‘under the radar’ but must be closely watched
January 27, 2022
As the new year begins and faced with the uncertainty caused by the current local and global situation, the Center for a New Economy (CNE) has taken a look at what 2022 has in store. In the January edition of the CNE Review, which circulates today, its editor, Sergio M. Marxuach, addresses issues that will […]
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