Toyota de Puerto Rico reports sales of 26,537 units in ’20
January 20, 2021
Toyota de Puerto Rico reported year-end sales of 26,537 units of its Toyota and Lexus non-fleet vehicles, which company President George Christoff said exceeded 2020 expectations. Toyota kept its title of “#1 brand in the automotive industry in Puerto Rico” with a 30.1% market share. The best-selling cars were in the Yaris and Corolla family, […]
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Economic Activity Index down 6.8% Y-O-Y in November
January 20, 2021
The island’s Economic Activity Index reached 115.1 points in November, representing a 6.8% contraction when compared to November 2019, and the ninth reduction after 20 year-over-year consecutive increments, the Puerto Rico Economic Development Bank revealed. The EDB-EAI decreased by 0.4% when compared to the previous month. EDB President Pablo G. Muñiz-Reyes said the crisis created […]
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San Sebastián to reopen Plaza Agropecuaria to boost region’s economy
January 20, 2021
Rep. Eladio ‘Layito’ Cardona-Quiles, who represents District 16, announced the upcoming reopening of the Plaza Agropecuaria in San Sebastián to promote family markets and economic activity in the region he represents. The plaza will reopen Feb. 5. The reopening comes after talks with Agriculture Secretary-designate Ramón González, who confirmed the availability of $2 million in […]
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RSM Puerto Rico firm reports 7.1% growth in ’20
January 19, 2021
RSM Puerto Rico, a local audit, tax and consulting firm focused on the middle market, reported a revenue growth of 7.1% at closing of fiscal 2020, which it described as “an extremely challenging year for the business community both locally and globally.” Business consulting and tax advisory services grew 9.2% and 10.1%, respectively, attributed to […]
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State Dept. waives penalties for co.’s late on annual reports
January 19, 2021
Secretary of State, Larry N. Seilhamer announced Administrative Order 2021-01, which grants an amnesty eliminating fines or penalties imposed on active entities for not filing annual reports or paying their annual fees prior to 2020 on time. The amnesty period begins today and ends Feb.17, 2021 and applies only to active entities. The fine waiver […]
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Rock Solid Technologies named to ’21 GovTech 100 List
January 19, 2021
Government Technology magazine has chosen Rock Solid Technologies, a software company that helps governments and citizens work as one through configurable customer relationship management, mobile, and enterprise resource planning software solutions as a GovTech 100 company for 2021. Government Technology magazine publishes the list annually to highlight companies focused on “making a difference in and […]
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FEMA approves $1.8M for repairs to Puerto Rican fishing villages
January 18, 2021
At about 4 a.m. Christopher McGrath, a commercial fisherman from San Juan, begins to prepare his boat to go out to sea to find fresh fish. That hard work goes on for long hours until the sun goes down, where he then distributes the day’s catch to restaurants and to the public. Like him, nearly […]
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19 food production projects split $400K in financing from World Central Kitchen
January 18, 2021
World Central Kitchen announced 19 new participants of its sixth round of grants totaling $400,000 available through the Food Producers Network, formerly known as the “Plow to Plate” program. The nonprofit’s food security and resilience program offer direct financial support to small farmers, fishermen, agribusinesses and associations to regenerate their capacity for production, distribution and […]
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Puerto Rico’s casinos report $54M in pandemic losses
January 15, 2021
Puerto Rico’s 16 casinos lost $54 million from July to December 2020, when compared to the same period in 2019, as a result of the COVID-19 restrictions, Puerto Rico Tourism Co. Executive Director Carlos Mercado said. From July to December 2019 the industry reported $147 million in revenue, which was reduced to $93 million during […]
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Puerto Rico’s new car dealers saw 10.9% drop in sales in ’20
January 15, 2021
New car sales reflected a 10.9% drop in 2020, when 95,019 units were sold, in comparison to 106,624 sold in 2019, according to the latest report by the United Automobile Importers Group. During a presentation, the trade group known as GUIA in Spanish, said fleet sales represented 8.4% of total sales with 7,976 units. That […]
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Global design firm Stantec moves to new office in Guaynabo
January 15, 2021
Global design firm Stantec has opened an office in the San Patricio neighborhood of Guaynabo, expanding its presence on the island “to better serve its clients,” the company announced. Located in the T-Mobile Center, the 1,200-square-foot office will support between eight and 10 employees. “Our new office in Puerto Rico strengthens our ability to deliver […]
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Puerto Rico Tourism Co. vows to get tough with unruly tourists
January 14, 2021
The Puerto Rico Tourism Co. is working with municipal authorities in the towns of San Juan and Carolina to crack down on the unruly behavior displayed by groups of visitors to the island, some of which have made the rounds on social media in recent months. Tourism Co. Executive Director Carlos Mercado confirmed in an […]
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Integro Foundation joins efforts in fight against poverty
January 14, 2021
Integro Foundation has joined forces with other nonprofit organizations for its “Regala con Propósito” (“Gifting with Purpose”) initiative, a pillar in its fight against the causes of poverty and inequality in Puerto Rico. “Gifting with Purpose started supporting orphanages and organizations that work hard every day so that children in Puerto Rico grow up healthy, […]
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Puerto Rico Treasury opts into $325M federal rental assistance program
January 13, 2021
The Puerto Rico Treasury Department has filed an application to participate in the newly announced Emergency Rental Assistance Program run by the U.S. Department of the Treasury that could represent $325 million in aid for the island, this media outlet confirmed. The federal government is making a total of $25 billion available to assist households […]
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80 gov’t buyers transitioning to General Services Administration
January 13, 2021
About 80 buyers from different government agencies are being transitioned into the General Services Administration, as part of the new government procurement system to generate efficiencies, agency Director Karla Mercado-Rivera announced. The transition should take about 90 days to complete, she said. “Once this transition is complete, all government purchases will be made centrally with […]
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