Puerto Rico Treasury processes 99% of returns filed this taxable year
December 20, 2021
The Puerto Rico Treasury Department confirmed that despite the need of more staff, close to 1.2 million income tax returns for individuals and corporations for taxable year 2020 have been processed, which represents 99% of the total returns filed. Of that total, about 1 million have received their refunds. “We have quickly disbursed close to […]
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SBA Puerto Rico, USVI District seeks nominations for Small Business Week ’22
December 20, 2021
The U.S. Small Business Administration and the SBA Puerto Rico and US Virgin Islands District are accepting nominations for national and local awards to be presented as part of National Small Business Week 2022, including the Small Businessperson of the Year award. The SBA has a dedicated website to download forms, criteria, and guidelines for submitting a […]
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USDA grants Puerto Rico $38.5M to improve critical rural infrastructure
December 17, 2021
The US Department of Agriculture granted $38.5 million to nine projects in Puerto Rico, which will improve critical rural infrastructure, the agency announced. Through this funding, the US government hopes to help expand access to high-speed internet, clean water and reliable electricity in people’s homes and businesses across rural areas, it said in a statement. […]
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PRiMEX: 70% of Puerto Rico’s manufacturing buildings show structural damage
December 17, 2021
The Puerto Rico Manufacturing Extension Inc. (PRiMEX) released two studies analyzing the state of the island’s manufacturing infrastructure, which concluded that more than 70% of 160 buildings inspected are still dangerous after the earthquakes that hit two years ago. The studies also showed that more than 85% of the small and medium-sized manufacturing companies on […]
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Snabb partners with Health Gorilla to establish nat’l lab network in Chile
December 17, 2021
San Juan-based Health Gorilla, a provider of interoperability solutions in Latin America, and Snabb, a healthcare scheduling platform in Chile, have partnered to create one of the country’s first national laboratory networks. Snabb has built clinical partnerships with a variety of providers in Chile and allows patients to quickly schedule an appointment with any telehealth […]
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Realty ONE Group to open offices in Puerto Rico
December 17, 2021
Real estate firm Realty ONE Group will be making its entrance into the Puerto Rico market through the recent sale of its franchise rights to a broker already familiar with the “purpose-driven lifestyle brand.” Greg Bardell, the broker/owner of Realty ONE Group Unlimited in Lancaster, PA, will develop Puerto Rico and the entire Eastern Caribbean […]
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PRHTA awards best of Puerto Rico’s tourism
December 17, 2021
The Puerto Rico Hotel & Tourism Association (PRHTA) recently held its traditional Tourism Superstars award ceremony, which acknowledges the outstanding performance of supervisors and managers of all levels in the island’s tourism industry. The event took place at the San Juan Marriott Resort & Stellaris Casino, in Condado. PRHTA has celebrated this event for more […]
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Gov’t revokes 121 tax incentives decrees under Act 22
December 16, 2021
The Department of Economic Development and Commerce (DDEC, in Spanish) has revoked 121 tax incentive decrees to Act 22 (now Act 60) beneficiaries who failed to submit annual reports to the agency, as the law required. Carlos Fontán, director of the DDEC’s office of business incentives in Puerto Rico, said in April, the agency began […]
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Invest Puerto Rico launches $4.7M rebranding campaign
December 16, 2021
Invest Puerto Rico (InvestPR), the island’s economic development organization, announced the launch of a new brand, a redesigned website and the new “Game-Changers, Welcome Home” campaign, an $4.7 million effort to “elevate the island as a business destination.” The media investment comes from an allocation of funds under the Department of Housing’s CDBG-DR program “dedicated […]
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10K New Year’s Eve revelers expected at Puerto Rico Convention Center festivities
December 16, 2021
Puerto Rico’s New Year’s Eve countdown at the Convention Center District is expected to draw as many as 10,000 revelers, who will be required to be fully vaccinated against COVID-19 to participate, government officials said. In a press conference, Gov. Pedro Pierluisi and Convention Center District Authority Executive Director Mariela Vallines, said the “From Puerto […]
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Mastercard partners with Puerto Rico Food Bank to deliver 4K ‘Mochilas Alegres’
December 16, 2021
Mastercard is joining forces with the Puerto Rico Food Bank to combat hunger on the island and anticipates it will deliver some 4,000 “Mochilas Alegres” by the end of the year. For every five contactless transactions, Mastercard will donate a “Mochila Alegre” with food supplies to a child in need when school cafeterias are closed […]
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3 Puerto Rico destinations make Travel Lemming’s list of ‘50 Best Places to Travel in ’22’
December 16, 2021
Three of the world’s 50 best places to travel in 2022 are in Puerto Rico, according to Travel Lemming. Aguada, Utuado, and Guánica all make appearances on the online travel guide’s annual list of emerging destinations. The list was selected by Travel Lemming’s team of 15 travel writers and editors, with an emphasis on destinations […]
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Puerto Rico Labor Secretary stepping down Dec. 31
December 15, 2021
Following a year and a half at his post as Puerto Rico Labor Secretary, Carlos Rivera is stepping down for personal reasons effective Dec. 31, he confirmed in an interview with News is my Business. “I’ll be honest when I say that I had to manage an emergency and I wasn’t going to turn my […]
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Puerto Rico Labor Dept. investing $22M on new online jobless benefits platform
December 15, 2021
The Puerto Rico Labor Department will implement a new virtual platform for the island’s unemployment program — a $22 million project for which it has hired the firm Geographic Solution to work in collaboration with the Puerto Rico Innovation and Technology Services (PRITS) office. The new platform will be developed in phases and will be […]
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Condado Plaza Hilton to reopen casino following $33M investment
December 15, 2021
The Condado Plaza Hilton will get back into the casino business, with the projected opening of a new 15,000 square-foot gaming space that will house 300 slot machines and dozens of gaming tables. The Condado Plaza Hilton, which shuttered its casino in 2015, got its endorsement from the Puerto Rico Gaming Commission, putting it one […]
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