Microsoft closing Humacao manufacturing plant by ’24
September 23, 2021
Microsoft Corp. will be shuttering its only wholly owned manufacturing facility in the world, located in Humacao, in 2024, leaving 78 employees jobless, Department of Economic Development and Commerce Secretary Manuel Cidre confirmed. Microsoft Operations Puerto Rico in Humacao has been doing business there since 1989. At present, it is occupying a building owned by […]
chat_bubble0 Comment
visibility6560 Views
Gov’t announces trade mission to Dominican Republic later this year
September 23, 2021
Looking to promote and strengthen the presence and incursion of local companies into the Dominican Republic market, the Department of Economic Development and Commerce (DDEC, in Spanish), through its Trade and Export Program, is recruiting for the first in-person multisectoral trade mission since the start of the pandemic, from Nov. 30-Dec. 3, 2021. “Currently, the […]
chat_bubble0 Comment
visibility1474 Views
Foundation for Puerto Rico’s Innovation and Public Policy Council holds 1st meeting
September 23, 2021
The Foundation for Puerto Rico’s Innovation Center will hold the Innovation Council’s first meeting on Sept. 28, to bring together more than 60 leaders from a cross-section of sectors including communities, government, private sector, academia, nonprofits, and professional associations. The goal is to establish a priority agenda to be developed under a participatory process, the […]
chat_bubble0 Comment
visibility1761 Views
Nonprofit breaks ground on $4.6M expansion of primary health clinic in Luquillo
September 23, 2021
The Concilio de Salud Integral de Loíza Inc., which has facilities in the towns of Loíza, Río Grande, Ceiba and Luquillo, announced the groundbreaking of the new Clinica Familiar in Luquillo, through a $4.6 million investment in federal funding. The executive of the entity known as CSILO, César A. Rodríguez, said the new primary care […]
chat_bubble0 Comment
visibility1863 Views
Unsecured Creditors Committee to host informative sessions for voting
September 23, 2021
The Unsecured Creditors Committee, one of the parties participating in the restructuring process of some $73 billion in government debt, announced it will be hosting several informative sessions for creditors who may have received voting ballots. The creditors may have recently received a Class 58 or Class 66 ballot to vote to accept or reject […]
chat_bubble0 Comment
visibility1335 Views
Entrepreneurship becomes a way of life in Puerto Rico
September 22, 2021
If the past decade has shown anything is that Puerto Ricans look adversity in the eye and say, “bring it on!” An economic downturn that has lasted longer than that, the back-to-back hurricanes in 2017, the earthquakes that rocked the south, and the COVID-19 pandemic have hit hard, but residents of this island have found […]
chat_bubble0 Comment
visibility1703 Views
SEC charges Puerto Rican co., managing members with fraud
September 22, 2021
The Securities and Exchange Commission announced charges against Puerto Rico-based Back to Green Mining LLC and its two managing members, José Jiménez-Cruz and Manuel Portalatín, for their participation in a fraudulent and unregistered offering in a purported “green” mining venture. The SEC’s complaint alleges that, from August 2016 until at least 2020, Back to Green, […]
chat_bubble0 Comment
visibility1377 Views
Ports Authority lands $45.3M grant for Aguadilla airport upgrades
September 22, 2021
The Puerto Rico Ports Authority received an additional $45.3 million grant from the Federal Aviation Administration (FAA) to help complete the estimated $130 million, five-year construction of the new runway at the Rafael Hernández International Airport in Aguadilla. “This new grant joins the one announced in September 2020 for $24.2 million from the FAA, as […]
chat_bubble0 Comment
visibility2594 Views
Cooking with My Doctor builds on local success to expand abroad
September 22, 2021
Puerto Rican cooking seasonings brand Cooking with my Doctor, in business since 2018, is building on the success of its product line in the local market to export to the first three US mainland states, where it will begin its growth beyond the island’s shores. In an interview with News is my Business, Renzo Casillo, […]
chat_bubble0 Comment
visibility3851 Views
Metropistas marks 10th yrs. in Puerto Rico confirming $170M in upgrades
September 22, 2021
Autopistas Metropolitanas of Puerto Rico, known as Metropistas, is marking 10 years since taking over the operation of Highways PR-5 and PR-22 through a public-private partnership with the government, confirming it has made some $170 million in infrastructure improvements. The money was put into the containment systems along the highways — such as the concrete […]
chat_bubble0 Comment
visibility2298 Views
PASH Global to equip Fresenius Kabi’s San Germán plant with solar energy system
September 22, 2021
UK-based developer PASH Global announced Tuesday it will build a 1-MW ground-mounted solar farm for German pharmaceutical company Fresenius Kabi at its manufacturing site in San Germán. The new system will enable Fresenius Kabi to further reduce its environmental footprint by generating its own supply of renewable energy at the site, the company stated. The […]
chat_bubble0 Comment
visibility2055 Views
DDEC, UPR Mayagüez launch a second call for Innova that includes $100K incentive
September 22, 2021
The Department of Economic Development and Commerce (DDEC, in Spanish) and the University of Puerto Rico’s Mayagüez campus, signed a collaborative agreement to launch the second call for the Puerto Rico Innova program — a project that seeks local entrepreneurs — of which finalists may request a $100,000 incentive. The finalists may also request a […]
chat_bubble0 Comment
visibility1507 Views
University of Puerto Rico’s Med School gets $37K donation in PPE from EyeOn LLC
September 22, 2021
The University of Puerto Rico’s School of Medicine recently received $37,050 worth of personal protection equipment from EyeOn LLC, a local medical equipment and health products company. The material will be destined both for the protection of students and residents, as well as for those people at risk of contagion who carry out practices and academic […]
chat_bubble0 Comment
visibility1243 Views
Production of ‘The Plane’ film shores up $136M for Puerto Rico economy
September 21, 2021
“The Plane,” the latest Hollywood feature film to be produced entirely on the island, will generate some $136 million for the local economy, including hotel stays, withholding tax payments and other investments, government and the movie’s staff confirmed. Filming began about four months ago and has moved to different locations in and outside the San […]
chat_bubble0 Comment
visibility8473 Views
Canadian energy firm gets $21M order to build ‘net-zero’ homes in Puerto Rico
September 21, 2021
EnerDynamic Hybrid Technologies Corp., a Canadian company that does business in Puerto Rico, announced it has received an order for 141 storm- and earthquake-resistant homes in Arroyo, Carolina, and Vega Baja, representing $21 million in revenue. The so-called “net-zero” homes average about $150,000 and are developed with “virtually indestructible building materials powered by its ultra-light […]
chat_bubble0 Comment
visibility2818 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA