Chick-fil-A confirms plans to enter Puerto Rico market with 10-15 restaurants
December 22, 2020
About a month after this media outlet broke the story about Chick-fi-A’s plans to enter the local market, the chicken restaurant confirmed it will open two restaurants in late 2021 or early 2022. The restaurants will be located in the metropolitan area, with the first restaurant likely to be in Bayamón. Each Chick-fil-A restaurant will […]
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16 Puerto Rico entrepreneurs turn business idea into reality
December 22, 2020
Sixteen aspiring entrepreneurs recently completed the Foundation for Puerto Rico’s Emprende 360° business education program to turn their business ideas into reality. After a 12-month process with leading organizations in the entrepreneurial ecosystem, the cohort developed 11 business ideas for the Coamo and Ponce region and was awarded $2,000 in seed capital to jump-start each […]
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CVS to administer COVID-19 vaccines in 7 Puerto Rico nursing homes in ’21
December 22, 2020
CVS Health announced it has begun administering COVID-19 vaccines at more than 40,000 long-term care facilities across the country. On Jan. 4, it will start inoculating residents of seven skilled nursing and assisted living facilities in Puerto Rico, which selected CVS Health as their COVID-19 vaccination partner. CVS Pharmacy teams will administer the first dose […]
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FirstBank donates $900K to 110 Puerto Rico-based nonprofits in ’20
December 22, 2020
FirstBank granted more than $900,000 to 110 nonprofit organizations throughout the island during 2020. As part of that commitment, the financial institution included a special initiative “One with Puerto Rico” over the holiday season through which it donated $150,000 to 30 entities that serve vulnerable communities in the three regions in which it operates: Puerto […]
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PathStone gets $500K Citi Foundation aid to help small businesses
December 22, 2020
The Citi Foundation recently awarded $500,000 in unrestricted funding to nonprofit PathStone Enterprise Center Inc. to support small businesses affected by the earthquakes and the COVID-19 emergency in Puerto Rico. The donation will increase PathStone’s ability to continue to assist a greater number of small and medium-sized businesses through access to capital and technical assistance […]
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FV Bank gets go-ahead from OCIF to provide bitcoin custodial services
December 22, 2020
FV Bank, a global digital bank based in Puerto Rico, announced it has received permission from the Puerto Rico Office of the Commissioner of Financial Institutions to provide custody services for digital assets such as Bitcoin and Ethereum. FV Bank will begin offering custody services seamlessly integrated into its digital banking platform in early 2021, […]
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Duke and Duchess of Sussex to fund World Central Kitchen relief center in Puerto Rico
December 21, 2020
The Duke and Duchess of Sussex — Prince Harry and Megan Markle — will be partnering with World Central Kitchen through their nonprofit Archewell Foundation to fund the construction of four Community Relief Centers throughout the world, including one in Puerto Rico. The couple made the announcement in a statement released Sunday, confirming their nonprofit’s […]
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University of Puerto Rico unveils website to sell, lease institutional properties
December 21, 2020
Looking to identify new external resources destined for the University of Puerto Rico and to promote the development of the real estate industry, the institution unveiled a new real estate and investments website, a public platform to share information about the properties that the university system has for sale or rent. Since the UPR’s Real […]
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Pepsi-Cola Puerto Rico pumps $7 million into vehicle fleet upgrade
December 21, 2020
Pepsi-Cola Puerto Rico Distributing recently announced that its supply chain is undergoing a series of improvements, including a $7 million modernization of its fleet of vehicles. As part of the initiative, the distributor bought 48 new trucks, labeled with the iconic Pepsi and 7UP brands, to deliver and distribute its products to points of sale […]
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Op-Ed: Is water a common good or a convenience to quote on the stock market?
December 21, 2020
The news story sounded like something out of an apocalyptic science fiction movie or a dystopian novel. At the beginning of December, and in the midst of a global pandemic, water began to trade on the stock exchange in the United States in the commodity futures market. Chicago-based CME Group launched contracts back in September […]
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Hyatt Residence Club Dorado reopens 3 years after hurricanes
December 21, 2020
Following a three-year recovery and rebuilding effort, the Hyatt Residence Club Dorado, Hacienda Del Mar reopened over the weekend. The resort had been closed since Hurricane Irma hit Puerto Rico on Sept. 6, 2017, followed 12 days later by Hurricane María. As owners, members and guests return to the property, they will see renovations that […]
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Puerto Rico Cocktail Week launches new ‘Cocktail To-Go’ program
December 21, 2020
Looking to find new opportunity during a year of reinvention, Puerto Rico Cocktail Week unveiled its Cocktail To-Go platform through whichit offers the public the opportunity to enjoy their favorite cocktails at home through a “box program” and a cocktail display in alliance with the specialty wine and beverage store The House. The box program […]
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Solid waste management co. EC Waste to sell 70 excess units
December 21, 2020
Solid waste management and disposal company, EC Waste, announced that as part of its policy of periodic renewal of the vehicle fleet, it has put up for sale some 70 vehicles and equipment classified as surplus. “We renew our fleet periodically to keep our equipment in optimal conditions,” said Jorge Alexis Meléndez, health, safety and […]
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Invest PR locked down $58M in committed investments, 3,500 jobs in ‘20
December 18, 2020
Invest Puerto Rico (InvestPR) provided an overview of its achievements in 2020, which included secured new business commitments including 3,500 new jobs, $58 million in capital investment, and an average payroll of $51,000 per job. During a virtual presentation, the island’s official investment promotion organization shared the results presented in its annual report, detailing the […]
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Parallel18 marks 5th anniversary as it releases its 2020 Impact Report
December 18, 2020
The Parallel18 startup acceleration program is marking its fifth anniversary with a rundown of its achievements so far, which include receiving 4,340 applications, graduating 211 companies of which 35% are from Puerto Rico and seeking 85% of them survive despite trying economic times. During a presentation, Parallel18 officials said $1.3 million were distributed in grants […]
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