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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PRoduce raises $1.8M in capital to boost support of small farmers
August 31, 2021
PRoduce has received a $1.8 million capital injection led by the Semillero Partners fund to improve the consumer’s shopping and food experience, while increasing support for local entrepreneurs including farmers, fishermen, coffee collectors, and artisanal producers. The company selected Semillero Partners to lead the funding round because it is a local investment fund and because […]
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FV Bank secures $8M in Series A funding round
August 31, 2021
FV Bank, a dual licensed challenger bank and digital asset custodian, announced the closing of its Series A funding round worth $8 million. The fundraise, led by BnkToTheFuture, Decentralized Ventures, NFG Fund, CCIX Global, Zenrain Technology, and Satvat, boosts FV Bank’s post money valuation to $48.9 million, the entity said. Founded in 2018 by payments entrepreneurs […]
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Health Gorilla connects 1M+ residents to Puerto Rico Health Information Exchange
August 31, 2021
California-based Health Gorilla, a company dedicated to managing interoperability platforms in Puerto Rico, and the Health Department announced that more than 1 million residents have connected to the Puerto Rico Health Information Exchange (PRHIE) network in 60 days of program launch. This initiative enables healthcare providers to access and share patient medical record data securely […]
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USDA seeks comment on ways to help rural farmers increase income, expand markets
August 31, 2021
The U.S. Department of Agriculture is seeking input on ways to better help rural businesses and agricultural producers develop and market new products. The USDA is interested in recommendations to improve the application process and eligibility requirements for the Value-Added Producer Grant Program, which receives at least 12 petitions a year from Puerto Rico farmers, […]
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Op-Ed: Birling Puerto Rico Stock Index beating Dow Jones, S&P 500 and Nasdaq
August 30, 2021
What is the Birling Capital Puerto Rico Stock Index? The Birling Capital Puerto Rico Stock Index is a market value-weighted index composed of five (5) companies with headquarters and/or primary domicile in Puerto Rico. All companies are listed on the national NYSE, AMEX, or NASDAQ exchanges. Birling Capital Puerto Rico Stock Index has a yield […]
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PRMA, GSA launch free seminar on new procurement processes
August 30, 2021
The Puerto Rico Manufacturers Association, in alliance with the government’s General Services Administration (GSA) will carry out a free virtual seminar on the new procurement processes of goods, services and auctions. It is scheduled for Aug. 31, starting at 9 a.m. The event seeks to give PRMA members and other executives interested in selling to […]
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Medtronic LatAm launches program to recognize healthcare workers ‘who inspire’
August 30, 2021
Medtronic announced the launch of “Inspiradores,” a recognition program to honor and celebrate health workers in Latin America through life stories. The launch coincides with the designation of 2021 as the International Year of Health and Care Workers by the World Health Organization (WHO), the company with presence in Puerto Rico stated. In its inaugural […]
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FCC grants $1.8M in telehealth program awards to 2 Puerto Rico providers
August 27, 2021
The Federal Communications Commission (FCC) has awarded some $1.8 million in funding to two Puerto Rico-based healthcare service providers to jumpstart their telehealth initiatives, the federal agency announced. The Med Centro Healthcare System in Ponce was awarded $909,391 to finance network improvements and buy connected devices, such as laptops and tablets, to implement a telehealth […]
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Boston Scientific to host free program to support entrepreneurs
August 27, 2021
For the fourth consecutive year, Boston Scientific Dorado and The Growth Coach are joining forces in a collaborative partnership to continue their commitment to local entrepreneurs, through the Strategic Business Owner Program. The initiative is exclusively for business owners and will provide participants with the necessary structure and tools to develop their strengths and opportunities […]
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