BetMGM expands sports betting to Puerto Rico at La Concha Resort
September 3, 2021
Casino del Mar at La Concha Resort andsports betting and iGaming company, BetMGM, announced a strategic partnership through which the latter will expand its retail and mobile sports betting offerings to Puerto Rico, marking its first market access agreement outside of the US mainland. “Paulson & Co. is always in search of innovation in services […]
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VOCES: Employees at 150+ co.’s in PR are fully vaccinated
September 3, 2021
More than 150 companies that have applied for the “Our people are vaccinated” seal received the recognition from VOCES, the Coalition of Immunization and Health Promotion Inc., for having their employees 100% vaccinated. VOCES is a nonprofit organization that raises awareness and educates about the importance of immunization and health promotion. The list of companies […]
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Ron del Barrilito sponsors plantain harvest to benefit Puerto Rico nonprofits
September 3, 2021
Edmundo B. Fernández Inc., the Puerto Rican manufacturing company of Ron del Barrilito announced the start of a new plantain farming project that will directly benefit local nonprofits. The first harvests, which exceeded 3,000 pounds at the Hacienda Santa Ana farm, were donated to El Comedor de la Kennedy, owned by chef Iván Clemente, who […]
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Microjuris.com urges legal community to fill out market survey
September 3, 2021
Microjuris.com CEO Ataveyra Medina-Hernández is urging the legal community to complete the 2021 version of the longitudinal study on the legal services market in Puerto Rico. A sample of lawyers in Puerto Rico should have received an email with the option to participate in the 2021 edition of the study. “We urge you to participate […]
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Marina Puerto Del Rey sold to Texas-based Safe Harbor Marinas
September 2, 2021
Marina Puerto del Rey, the largest marina in the Caribbean, has been sold to Texas-based Safe Harbor Marinas in a transaction that closed on Sept. 1, the buyer announced. The financial terms of the deal were undisclosed. “We are very excited to welcome Puerto Del Rey to Safe Harbor,” said Jason Hogg, chief investment officer […]
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Ponce gets $6.7M from FEMA to repair cultural facilities
September 2, 2021
The Enrique “Coco” Vicéns Recreational and Cultural Center, known as “La Guancha” in Ponce, received a $6.7 million allocation from the Federal Emergency Management Agency (FEMA), for permanent repairs, the agency announced. In addition to being a meeting place, the iconic complex in the island’s second-largest town is key for its economy. During regular operations, […]
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Op-Ed: Is the CDC openly discriminating against Puerto Rico, USA?
September 2, 2021
On Aug. 31, we were all surprised to see that the Centers for Disease Control, known as CDC, issued a warning against traveling to several worldwide destinations and two US territories Guam and Puerto due to an increase in coronavirus cases. The CDC raised Puerto Rico to what they refer to as “Level 4,” to […]
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Op-Ed: The beginning of the end of the Oversight Board begins with PRASA
September 2, 2021
In the government of Puerto Rico, we believe in coordination, rather than confrontation, with the Financial Oversight and Management Board (FOMB) to bring their mission to conclusion as soon as possible. In the case of the Puerto Rico Aqueduct and Sewer Authority (PRASA), the Administration of Gov. Pedro Pierluisi is convinced that PRASA’s successes should […]
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Puerto Rico manufacturing PMI up to 55.8 in July
September 2, 2021
The Purchasing Managers Index (PRM-PMI) for Puerto Rico’s manufacturing sector increased to 55.8 in July, an expansion over the prior month. The index is a collaborative effort between the Puerto Rico Manufacturers Association and the Puerto Rico Institute of Statistics that measures several components related to the sector. The Employment (55.8), Suppliers Delivery (71.2) and […]
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USDA seeks input on helping businesses start, expand, improve rural co-ops
September 2, 2021
The U.S. Department of Agriculture is seeking input on ways to make it easier for nonprofit groups and other organizations to help businesses form cooperatives. The agency is seeking recommendations to streamline application requirements and make other improvements to the Rural Cooperative Development Grant (RCDG) program, said Luis R. García, USDA Rural Development acting state […]
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Walgreens will increase starting pay to $15/hr for all employees
September 1, 2021
Pharmacy chain Walgreens announced it will increase the starting hourly wage for all employees to $15 an hour, taking effect in phases beginning in October, expecting to fully implement it by Nov. 1, 2022. The pay raise will apply to Puerto Rico employees across Walgreens’ 106 stores, Eileen Ortega, director of operations for Walgreens Puerto […]
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Oriental Bank supports SMEs
September 1, 2021
Small and medium sized enterprises (SME) are often called the “backbone” of Puerto Rico’s economy. They account for 95% of the business on the island and almost half of all the jobs in the private industry, and they are key for stimulating entrepreneurship and developing a strong economy. That’s why we support SMEs. From special […]
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Oriental, Kinesis partner to provide financial guidance to students
September 1, 2021
Oriental bank announced a new partnership with nonprofit organization Kinesis — a foundation focused on providing resources for students to achieve a competitive education — to provide financial guidance seminars to more than 40 students who participate in the Bright Stars program. “Oriental’s Corporate Social Responsibility program is focused on financial education, entrepreneurship and social […]
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EDB grants $1.4M to businesses in Bayamón affected by Hurricanes Irma and María
September 1, 2021
The Economic Development Bank for Puerto Rico (EDB) bestowed grants of up to $50,000 that added up to more than $1.4 million to small- and mid-sized businesses in the town of Bayamón that were affected by the passage of Hurricanes Irma and María. The government agency approved and closed 34 applications for businesses in Bayamón, […]
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Puerto Rico experiences ‘historic month’ of new car sales in July
September 1, 2021
Puerto Rico’s new car sales reached 10,926 units in July, representing a year-over-year growth of 3.12% in July, the United Automobile Importers Group (GUIA, in Spanish) announced. A total of 10,595 new vehicles were sold in July 2020. “The month of July closed as the July with the highest sales in history,” GUIA President Ricardo […]
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