As ’19 comes to a close, sectors review milestones of past 10 years
December 31, 2019
As the year comes to a close, representatives from a cross-section of Puerto Rico’s economic sectors offered their impressions of the most significant events of the past decade. The nonprofit sectorIn the wake of the devastation caused by Hurricane María in September 2017, nonprofit organizations became the first responders, which was “an unanticipated and highly […]
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Nonprofits have potential to fully develop as companies using startup techniques
December 31, 2019
Nonprofit organizations have the potential to develop to the fullest, increasing their social contribution, if they incorporate successful and innovative business strategies that use startups, said Attorney Olvin Valentín, executive director of the Nonprofit Institute, which offers education in administrative and business skills to these types of organizations. “For too long, nonprofit organizations have been […]
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$3M Sizzler restaurant opens in Bayamón, creates 190 jobs
December 31, 2019
Grupo Colón Gerena, operator of the Sizzler restaurant chain in Puerto Rico, recently completed a $3 million investment to open its newest location in Bayamón, Lizmarie Medina, vice president of marketing confirmed. The 7,000 square-foot restaurant generates 190 direct and indirect jobs and is the 14th location in Puerto Rico. It has a capacity for […]
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Sun West Mortgage offers 50 scholarships for mortgage originators
December 31, 2019
Sun West Mortgage Co. announced it will be granting 50 full scholarships for people interested in starting a career in mortgage banking, covering the cost of the course and the exam, and also guaranteeing a job at the bank to all those who pass the licensing exam. The 50 scholarships offered by Sun West include: […]
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P.R. Small inn owners: ’19 a year of ‘achievements, lessons, concerns’
December 30, 2019
The Puerto Rico Association of Small Inn Owners and Tourism, which groups about eight properties known as “paradores,” summarized 2019 as a year “full of achievements, learning and concerns,” while preparing to usher in 2020 with optimism. “We can summarize 2019 as a year of substantial adjustments. It was full of challenges in competitiveness, increases […]
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FEMA, COR3 assign $20.5M for 37 recovery projects in P.R.
December 30, 2019
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, have assigned more than $20.5 million in additional funds for 37 projects related to Puerto Rico’s recovery and reconstruction. These funds were obligated between Dec. 20-26, the agencies confirmed. “FEMA and COR3 continue to work together to develop strategies […]
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Op-Ed: This new year get your small biz off to a fresh start with SBA’s help
December 30, 2019
Do you often find yourself dreaming about becoming your own boss? Do you think you have the passion and skill set to join the other 30 million small business owners already living the American dream? If you answered yes to both questions, then perhaps 2020 is the year when you can take that plunge into […]
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P.R. Bankers Assoc. opens call for Financial Awareness Video Contest nominations
December 30, 2019
The Puerto Rico Bankers Association and the Federal Reserve Bank of New York announced the beginning of the voting period to select the winner of the “People’s Choice Award” for this year’s Puerto Rico Financial Awareness Video Contest. To participate in the selection, the public may go to the Association’s website and vote for their […]
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FEMA, COR3 assign $7.5M for 78 recovery projects
December 23, 2019
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, have obligated nearly $7.5 million in additional funds for 78 projects related to the recovery and reconstruction of Puerto Rico, the agencies announced. These funds were obligated from Dec. 13-19. Among the obligations are funds for architectural and engineering […]
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CNE reviews ‘key events’ in the pipeline for P.R.’s energy policy
December 23, 2019
The Center for a New Economy recently hosted members of the media to provide context and information to journalists as they prepare to cover two key events for Puerto Rico’s energy policy. First, the Puerto Rico Energy Bureau will hold a public hearing in February to discuss Puerto Rico Electric Power Authority’s (PREPA) Integrated Resource […]
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Toyota Foundation grants $101K to 7 environmentally friendly nonprofits
December 23, 2019
Toyota Foundation announced that seven nonprofits in Puerto Rico dedicated to education, research and natural resource conservation will split $101,958 to move their initiatives forward. During a recent ceremony, Saskia Gómez, public relations executive for Toyota de Puerto Rico, which sponsors the foundation, said through education, voluntarism or innovation, the Environmental Donations program annually identifies […]
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Op-Ed: Join the team to fight fraud in 2020
December 23, 2019
We’re all constantly complaining about the problem of corruption in Puerto Rico. This epidemic affects us all. A dollar that is stolen or wasted in government, is money that does not reach schools, hospitals, police or roads. We all pay that one. We can’t stand it anymore. But corruption is a disease that not only […]
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Delta Airlines relaunches San Juan-Detroit route
December 23, 2019
Delta Airlines has relaunched a direct flight between the Detroit Metropolitan Airport and the Luis Muñoz Marín International Airport through April 7, 2020, Puerto Rico Tourism Co. Executive Director Carla Campos announced. This route represents an increase of 19,620 seats and an economic impact of $9.2 million for Puerto Rico between December 2019 and April […]
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Spirit Airlines expands nonstop service from Luis Muñoz Marín airport
December 20, 2019
Low-cost carrier Spirit Airlines announced the expansion of service to Luis Muñoz Marín International airport with daily nonstop flights from Boston Logan International Airport and Newark Liberty International Airport, with a second daily flight from to New Jersey beginning Feb. 1, 2020. Three other cities will receive an additional daily flight to LMM in 2020 to complement existing […]
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U.S. Customs seizes $5.3M in counterfeit products entering P.R.
December 20, 2019
U.S. Customs and Border Protection (CBP) San Juan Field Operations announced the seizure of 289 shipments of counterfeit products imported into Puerto Rico via international mail or courier before the holidays. The estimated manufacturer suggested retail price of all the counterfeit products seized is $5.3 million. The domestic value of the purchased merchandise is $309,686, the […]
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