Puerto Rico shopping center execs ask governor to extend operating hours
June 9, 2020
The Puerto Rico Association of Shopping Centers said following a “successful” first week of reopening after a nearly three-month shutdown, they are “ready for the next phase,” and asked Gov. Wanda Vázquez to allow them to return to regular operating hours. “We’re proud of the result of the reopening, since it was carried out in […]
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New $2.6M Olive Garden restaurant opens in Santa Isabel
June 9, 2020
Grupo Colón-Gerena, parent company of the Olive Garden franchise in Puerto Rico, announced the opening of its sixth location on the island, following an investment of $2.6 million. The 6,000 square-foot restaurant is the first in the southern region, located in Santa Isabel. It is generating 92 jobs in the midst of the COVID-19 pandemic. […]
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Puerto Rico Telecom Alliance pushes for public hearings for Senate Bill 1333
June 9, 2020
The head of the Puerto Rico Telecommunications Alliance, Felipe Hernández, called on lawmakers to hold public hearings on House Bill 1333, which the group claims would increase the internet and cellular service bills for local consumers and could bankrupt nearly 100 Puerto Rican small businesses that serve more than 300,000 subscribers. Hernández demanded that House […]
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CBP San Juan seizes fake watches, jewelry worth $265K
June 9, 2020
U.S. Customs and Border Protection’s San Juan Field Operations announced the seizure of counterfeit watches and designer jewelry imported into Puerto Rico via international mail and courier. The estimated manufacturer suggested retail price (MSRP) of all the counterfeit products seized is approximately $265K, had the goods been genuine, the agency said. “Consumers sponsor certain brand products […]
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‘Encouraging panorama’ to develop Puerto Rico’s medical tourism industry
June 9, 2020
The medical tourism industry in Puerto Rico has an opportunity for growth on the island, due to the worldwide spread of COVID-19, said Department of Economic Development and Commerce Secretary Manuel Laboy. “The emergency due to the spread of COVID-19 in the United States allows Puerto Rico to be an option for the practice of […]
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Telecom services under Lifeline program subject to new reviews starting June 23
June 8, 2020
Starting on June 23, Puerto Rico consumers applying for subsidized telecommunications services will have to go through the National Lifeline Eligibility Verifier to validate that they qualify for services. On that date, telecommunications carriers that participate in the subsidy program must cease using older eligibility processes to complete enrollments, the Federal Communications Commission’s Wireline Competition […]
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Entrepreneur Challenge to pick 10 participants to develop business ideas
June 8, 2020
The Entrepreneur Challenge — an initiative headed by the Department of Economic Development and Commerce’s Youth Development Program — has entered its second phase, during which it will select 10 participants to present their business proposals, the agency confirmed. “After launching the challenge for the second consecutive year in February, 280 young people stepped forward […]
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Kimberly-Clark’s Puerto Rico employees to continue working remotely
June 8, 2020
While the island has entered the second phase of reopening stores and has launched a staggered return to work, Kimberly-Clark announced it will keep its sales and administrative staff in Puerto Rico working from home. The company explained that since the start of the global crisis generated by COVID-19, it decided to have all of […]
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Jones Act turns 100 amid renewed controversy
June 5, 2020
By Larry LuxnerSpecial to News is my Business Sen. Mike Lee, a Utah Republican viewed as one of the most conservative members of Congress, said lighting “a Dumpster full of manure on fire” would be an appropriate way to mark today’s 100th anniversary of the Jones Act. The controversial legislation, approved by Congress on June […]
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Triple-S Vida acquires USIC Life portfolio of insurance policies
June 5, 2020
Triple-S Vida, a subsidiary of the Triple-S Group, announced its acquisition of United Surety & Indemnity Co.’s (USIC) portfolio of cancer, life and Temporary Non-Occupational Disability Insurance (Sinot, in Spanish) policies to expand its offer in Puerto Rico’s life insurance market. “We saw the opportunity to grow our portfolio with this acquisition that includes more […]
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6 Puerto Rico nonprofits chosen for 1st Leadership Development Initiative cohort
June 5, 2020
The Puerto Rico Nonprofit Capacity Building Network, a collaboration among Enterprise Community Partners, NeighborWorks America and the Puerto Rico Community Foundation announced the six Puerto Rico nonprofits selected for the inaugural cohort of the Puerto Rico Leadership Development Initiative. The six nonprofits, representing all major regions across the island, will each receive a $35,000 grant, […]
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FEMA works with public, academia to build emergency operations center in Loíza
June 5, 2020
Through a collaborative effort for the benefit of the community, the Federal Emergency Management Agency has joined the Polytechnic University of Puerto Rico with the municipality of Loíza to begin the initial phase of building a new Emergency Operations Center. The academic institution will donate the plans for the design of the structure located in […]
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Puerto Rico Treasury Dept. opens application process for small business incentives
June 5, 2020
Effective today, the Puerto Rico Treasury Department will open a link through the Unified Internal Revenue System (SURI, in Spanish), so that eligible small and medium businesses can apply for the second round of financial aid approved under the CARES Act. Treasury Secretary Francisco Parés said the approved incentives for small and medium-sized businesses will […]
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Puerto Rico Public Health Trust grants $40K to 4 institutions
June 5, 2020
The Puerto Rico Public Health Trust announced the four proposals selected for specific public health research that include projects on contact tracing, telemedicine, health access and food safety for adults with diabetes and the intermittent social distance to control the COVID-19 pandemic on the island. “Our interest is to support our researchers so that with […]
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11th edition of Oriental’s Summer Internship Program kicks off
June 5, 2020
The 11th edition of Oriental’s Summer Internship Program for college students has been announced, this time remotely, bank officials said. The program seeks to expose students and recent graduates to a “broad and integrated work experience.” The nine-week program will have six participants this year. “This year we face different challenges, we’re experiencing a health […]
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