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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COR3 leads sessions on how to maximize use of reconstruction funds
August 27, 2021
The Central Office for Recovery, Reconstruction and Resilience (COR3) carried out a series of orientation sessions on the management of funds under sections 428 and 406 of the Federal Emergency Management Agency (FEMA) Public Assistance program. “We’re at an important moment in which agencies, municipalities and nonprofit organizations are developing new reconstruction projects, and there […]
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MCS Classicare activates influenza vaccination campaign
August 27, 2021
n anticipation of the start of the most active season for the influenza virus, MCS Classicare has announced that it will hold 14 free vaccination events in a drive-thru format so that the general community and MCS Classicare members can get vaccinated against influenza. The event will be held in alliance with Vacunas Bright Centers, […]
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InvestPR launches ‘Impeller’ online tool to list business opportunities in Puerto Rico
August 26, 2021
In its ongoing bid to attract capital investment to the island Invest Puerto Rico, announced the launch of Impeller, an online hub for investment opportunities on the island. The proprietary tool provides a growing list of business opportunities for issuers and companies looking to access on- and off-island investment deals, InvestPR CEO Rodrick Miller said. […]
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Ponce Health Sciences Univ. expands medicine program to St. Louis
August 26, 2021
The Ponce Health Sciences University School of Medicine announced that the Liaison Committee on Medical Education (LCME) — the entity that accredits medical schools in the United States and Canada — approved the expansion of its Doctor of Medicine (MD) program to its campus in St. Louis, MO. This pushes PHSU’s medicine program from 150 […]
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