Adults over 60 represent 19% of Airbnb hosts in Puerto Rico
October 6, 2021
The recent celebration on Oct. 1 of International Day of Older Persons has prompted the Airbnb digital platform to share data about hosts and travelers over 60 years old. According to the platform, in Puerto Rico, hosts over 60 years old represented 19% of the island’s universe as of September 2021. That includes the number […]
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Puerto Rico Consortium for Clinical Investigation to host summit Oct. 28-29
October 6, 2021
To strengthen the value of representative health and encourage people to collaborate with scientific advancements, the Puerto Rico Consortium for Clinical Investigation (PRCCI) will host the 2021 Summit, 3rd edition, focused on “Aligning Global Partnerships and Community Engagement with Clinical Research: Opportunities Beyond the Pandemic,” Amarilys Silva-Boschetti, PRCCI executive director, announced. The virtual event for healthcare professionals and those […]
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Developers Diversified PR returns to local retail market to operate 9 shopping centers
October 5, 2021
The $550 million sale of nine shopping centers formerly owned by Retail Value Inc. has brought Developers Diversified PR back to the island 15 years after first establishing operations. That transaction, which closed in August 2021, has also meant the return of developer Scott Wolstein, who will oversee the portfolio, whose performance — he believes […]
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UPR invests $1.1 million to develop Asset Mapping Project
October 5, 2021
The University of Puerto Rico (UPR) announced the start of its Asset Mapping Project, for which it will invest $1.1 million, to provide visibility and access to the resources of the university system at a local and global level. The asset map will identify properties, programs and research, human capital, professors, and their areas of […]
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DDB Latina wins prestigious EFFIE USA award
October 5, 2021
DDB Latina Puerto Rico won the silver USA EFFIE Award for the “Look who came to the neighborhood” campaign created for the launch of Medalla Light in the New York market. DDB and Medalla Light become the first agency, and the first local brand, to be awarded in the most recognized effectiveness contest in the […]
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Polytechnic University of Puerto Rico offering 15 scholarships
October 5, 2021
As part of the Cybersecurity Education Diversity Initiative for Minority Serving Institutions (CEDI-MSI) sponsored by the National Security Administration, 15 scholarships will be offered to study at the Polytechnic University of Puerto Rico, the school announced. These will be for individuals who meet the requirements and wish to complete a graduate certificate in Database Security […]
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Puerto Rico credit unions get $5.5M to develop financial products, technology
October 4, 2021
The Community Development Financial Institutions Fund awarded $5.5 million in technical assistance to 44 credit unions in Puerto Rico. The CDFI fund allocations are intended to reinforce credit union’s financial ability to develop products aimed at low-income populations with affected credit, young people with no credit history, and vulnerable communities that lack adequate access to […]
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Puerto Rico gets $2.4M to prevent fraud in unemployment programs
October 4, 2021
The US Department of Labor recently awarded the Puerto Rico Labor Department a little more than $2.4 million to help the agency detect and combat fraud in its unemployment insurance programs. The funds are part of a global $195.7 million allocation awarded to states and territories, and the District of Columbia, the federal agency said […]
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¡LEE CONMIGO!: Turning reading into a commitment to the future
October 4, 2021
EDITOR’S NOTE: This post is a collaboration from Grupo Guayacán, as part of its 25 Days of Giving campaign. As educators and book lovers, Gianleé Márquez and Juan Carlos Acevedo wanted to instill a love for reading in all Puerto Rican children. That’s why they decided to start gathering with small groups of children during the weekends to […]
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Walmart expands in-stores supply of lettuce harvested in Puerto Rico
October 4, 2021
Walmart Puerto Rico has established a new agreement with Lettufresh to increase the purchase and export of lettuces that the company harvests. The agreement with Lettufresh, located in the Frontón neighborhood in Ciales, increases the purchase in Walmart stores of its romaine and Salanova lettuces, in its new “Duo” packaging, which contains a pair of […]
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Driftwood Capital buys Sheraton Old San Juan hotel, rebranding it to Marriott
October 1, 2021
Driftwood Capital, commercial real estate investment, development and lending platform specializing in hospitality, has acquired the Sheraton Old San Juan, a 240-room hotel and 27,500-square-foot retail complex in Old San Juan, it announced. The financial terms of the deal were undisclosed, News is my Business confirmed. “Driftwood intends to undertake a full-scale renovation of the […]
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Digital gap among 55+, 65+ population in Puerto Rico persists, SME study shows
October 1, 2021
People 55 and older living in Puerto Rico experienced the most significant increases in internet access and digital media use, increasing from 62% in 2019 to 86.5% in 2021, while those 65 and over jumped from 28% to 43.6%. However, even with this jump of more than 657,000 people 55+ who are connected, gaps in […]
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InvestPR locks down 5K jobs, $270M in capital investments in fiscal ’21
October 1, 2021
Invest Puerto Rico — a nonprofit investment promotion organization — confirmed that it was able to lock down commitments generating almost 5,000 jobs, with $270 million in capital investment for the island in Fiscal 2021. Those achievements will be included in the entity’s final report to be released in a few months, Ella Woger-Nieves, chief […]
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Op-Ed: Investing in Puerto Rico, investing in your future
October 1, 2021
We can all safely say that Puerto Rico’s great economic experiment began taking shape last year, marked by three extraordinary events. Our experiment starts with the earthquakes in the southern part of Puerto Rico that continues to affect thousands of lives from leaving children without schools to shuttering business to affecting the mental health of […]
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SBA Express: A loan for small businesses
October 1, 2021
EDITOR’S NOTE: This post is sponsored by Oriental bank. It has been a hard year for small and medium businesses (SMEs). The COVID-19 pandemic stopped the economy, and SMEs were the first to feel the consequences. Months with little to no activity can have a devastating effect on a business. Luckily, the Small Business Administration […]
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