Puerto Rico new car sales up 11.7% Y-O-Y in September
October 15, 2020
Despite challenges posed by measures implemented to curb the spread of COVID-19, Puerto Rico’s new car sales reflected an 11.7% year-over-year growth in September, with 8,427 units sold vs. the 7,546 sold in the same year-ago month. The United Automobile Importers Group said, however, that sales from January to September are 20.7% below the same […]
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Puerto Rican startup is a finalist in global gastronomic tourism competition
October 15, 2020
Puerto Rican entrepreneur Paul González-Mangual, founder of gastronomic tourism agency FOODIEcations, has been selected among the finalists of this year’s 2nd edition of the World Tourism Organization UNWTO Gastronomy Tourism Startup competition. The event is co-sponsored by the Basque Culinary Center — an academic institution that aims at higher education, research, innovation, and promotion of […]
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FEMA assigns $238M+ to PREPA to replace earthquake-damaged generators
October 14, 2020
The Federal Emergency Management Agency recently obligated more than $238 million to the Puerto Rico Electric Power Authority (PREPA) for costs related to 28 peaking generator units that provide power to critical facilities until the Costa Sur units in Peñuelas are back in service. The units, which typically only run when there is high demand for […]
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eBay’s ‘Entrepreneurs of the Year Awards’ recognize Puerto Rican business owner
October 14, 2020
Online marketplace eBay recently held the second edition of its “Entrepreneurs of the Year Awards,” which this year included a Puerto Rican business owner among the winners. Local entrepreneur Iván Blázquez received the “New Business Award” for creating Tropical Plantae, an agricultural company located in Aguadilla deemed “the most successful new business on the platform, […]
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Oriental launches new service for commercial banking customers in Puerto Rico, US
October 14, 2020
Oriental is announcing the launch of a unique new service for their commercial banking customers in Puerto Rico and the U.S. mainland – Fast Cash Multi Account. With this service, made possible through a partnership with Loomis, Oriental customers may make cash deposits from their premises to any Oriental Bank account without having to visit […]
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World Central Kitchen opens free business workshops for food producers
October 14, 2020
Starting this week, food producers in the U.S. Virgin Islands and The Bahamas will have the opportunity to take free business workshops through World Central Kitchen’s Food Business Bootcamp, the nonprofit announced. The trainings will take place online once a week for food-related small businesses, such as farmers, fishers, and other food business. They are […]
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Puerto Rico Tourism Co. 1st in US to get ‘Safe Travels Stamp’ for hygiene protocols
October 13, 2020
The World Travel and Tourism Council (WTTC) granted its Safe Travels Stamp to the Puerto Rico Tourism Company (PRTC), making the island the first U.S. destination to be included in the international organization’s certification program. Tourism Co. Executive Director said the recognition “promotes the island’s image as an attractive, forward-thinking destination and, most importantly, as a place […]
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Centro CRECE unveils Competitiveness Toolkit
October 13, 2020
Centro CRECE, a nonprofit organization that cultivates solutions to promote self-management and growth, announced the launching of the “Competitiveness Toolkit” for Puerto Rico. This analysis, developed in collaboration with the firm Inteligencia Económica evaluates Puerto Rico’s competitiveness in a global market and presents necessary reforms to improve the environment of doing business, fostering entrepreneurship, and […]
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CienciaPR gets $230K grant to connect Puerto Rican audiences with ‘science of COVID-19’
October 13, 2020
Nonprofit organization Ciencia Puerto Rico (CienciaPR) received a $230,000 grant from Science Sandbox, an initiative of the Simons Foundation, to create a collection of public engagement resources to help Puerto Ricans prevent COVID-19. The collection will include multimedia content (audio, videos, infographics), educational materials, and messages that are relevant to the Puerto Rican reality and culture, […]
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Triple-S Advantage offers all-in-one card for health services, purchases
October 13, 2020
Triple-S Advantage, Dynamics Payments, and Mastercard have joined forces to introduce an all-in-one card in Puerto Rico that combines the traditional health plan ID with a prepaid card. It also simplifies the payment of OTC (over-the-counter) medications, as well as goods and services, to meet the needs of the Medicare Advantage population, the health insurer […]
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New stores arrive at Plaza Las Américas, Plaza del Caribe
October 13, 2020
The Plaza Las Américas and Plaza Del Caribe shopping centers announced the opening of new stores and establishments ahead of the upcoming holiday shopping season. For Eyes, Casa Febus Navidad and Gef France opened their doors in Plaza Las Américas, while Plaza Del Caribe received new tenants For Eyes and PenFed Credit Union, who moved […]
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32K+ SBA PPP loans granted in Puerto Rico eligible for simpler forgiveness process
October 12, 2020
The U.S. Small Business Administration, in consultation with the Treasury Department released a simpler loan forgiveness application late last week for Paycheck Protection Program (PPP) loans of $50,000 or less. This decision could affect a little more than 32,000 PPP loans granted in Puerto Rico, according to SBA data released earlier this year. This action […]
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Puerto Rico’s new car sales have taken deeper dive during pandemic vs. US
October 12, 2020
Puerto Rico’s new car market showed a deeper contraction than that of the U.S. mainland from March to May — the peak quarantine months to curb the COVID-19 pandemic — but the local market has recovered much faster since then, according to a study by Abexus Analytics. According to the firm’s research entitled “Economic Trends […]
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‘Practical Techie:’ Effective biz snooping around is productive
October 12, 2020
Editor’s Note: This editorial column is meant to offer practical advice on technology tools that are ideal for the business community. It’s a very human trait, watching out for the competition. Whether it be in sports, politics, the love life, the neighbors, who’s top in the classroom or keeping with the latest trends. And, who’s […]
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Hurricane Hub invests $71K+ in KP4 radios for islandwide communication
October 12, 2020
The Puerto Rico Hurricane Hub announced an investment of more than $71,000 in the Bureau for Emergency and Disaster Management to buy and install KP4 radios, antennas and solar panels in the government agency’s headquarters and its 10 regions throughout the island, including Vieques and Culebra. The goal of this initiative is to keep Puerto […]
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