LEDC opens Mayagüez office dedicated to serving small businesses
September 5, 2019
The Latino Center for Economic Development (LEDC) announced that it opened a new office in Mayagüez, making it the only community development financial institution on the island’s west side. The office will work to strengthen and expand Puerto Rico’s business ecosystem and build resilience among local businesses, providing access to capital, officials said. “In LEDC […]
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Statistics Institute presents 3-yr. strategic plan, opens call for executive director
September 4, 2019
The Puerto Rico Institute of Statistics is actively reorganizing its internal operations and on Tuesday opened the call for a new executive director who should be in place by November, Board Chair Arnaldo Cruz said. During a news conference at the agency, Cruz said the restructuring began when former Executive Director Mario Marazzi stepped down […]
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P.R. Convention Center reports ‘record’ results for Fiscal 2019
September 4, 2019
The Puerto Rico Convention Center, operated by AEG Facilities, said Fiscal 2019, which ended June 30, was the “most successful year in its 14-year history,” with an increase in total attendance of 26% year-over-year. In all 644,000 visitors came through the Convention Center’s doors last year, representing the highest volume in comparison to the previous […]
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Parallel18, Google Developers Launchpad team up to support P.R.’s startup ecosystem
September 4, 2019
Startup accelerator parallel18 has amplified its resources network by joining Google Developers Launchpad’s select group of regional partners, it announced. The collaboration not only grants access to Google’s global network but also encourages sharing insights and best practices between startup ecosystem catalyzers from around the world, parallel18 officials said. Google Developers Launchpad is a branch […]
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El Distrito entertainment complex names GM, marketing director
September 4, 2019
A Puerto Rican will lead the team that will manage the operations of El Distrito, the main entertainment complex in Puerto Rico, currently under construction in the Convention Center District in Miramar, project developer CEO Federico Stubbe, Jr., said. The head of PRISA Group, one of the partners developing the $125 million complex along with […]
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FirstBank grants financing to FS Perfumes, LLC for expansion
September 4, 2019
FirstBank’s Commercial Banking Department granted financing to FS Perfumes, LLC under the SBA 7A, Express, and 504 Programs to acquire and improve the 10,000+ square-foot commercial property in San Juan. The amount of the financing was undisclosed. “For us at FirstBank, it’s very important to support local businesses because of their significant contribution to Puerto […]
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Puerto Rico FastSigns team gets ‘Franchisee of the Year’ recognition
September 4, 2019
José Corujo, Juan A. Rivera, and Teresa Caballero, master franchisees and owners of all three FastSigns Puerto Rico locations, have been recognized by the International Franchise Association with its annual “Franchisee of the Year” award during the IFA’s recent Franchise Action Network annual meeting. The “Franchisee of the Year” award recognizes top performers from various […]
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Guaynabo poised to steer $100M+ in economic development projects
September 3, 2019
The Guaynabo municipal government is finalizing the details of what will be the new Guaynabo Development Enterprise Corp. to oversee the development of more than $100 million in projects. Guaynabo Mayor Ángel Pérez confirmed that the ordinance creating the entity should be approved this week, after being discussed in public hearings. When it comes online, […]
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Airbnb activates Open Homes program in P.R., USVI through Sept. 15
September 3, 2019
Airbnb has activated its Open Homes program to help displaced residents and relief workers deployed to the regions impacted by Hurricane Dorian. The Open Homes Program recruits hosts who are willing and able to provide their homes for free to displaced residents and disaster relief workers in the activation area including Puerto Rico and the […]
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New occupational health and safety system implemented in P.R.
September 3, 2019
With the goal of reducing the number of injuries, illnesses and prevent deaths in the workplace, the State Insurance Fund, the Department of Labor and Human Resources and the Puerto Rico Occupational Safety and Health Administration signed an agreement that, among other things, will help industries with a high incidence of injured employees and/or occupational […]
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Op-Ed: Puerto Rico’s choke-hold on Vieques commerce
September 3, 2019
Under the long-term, government enforced embargo, the shipment of goods and vehicles between Vieques and Isla Grande has been so constrained that our community is not economically viable. The extreme restriction of cargo services denies us the ability to live normal lives, start and run businesses, and grow the community as we see fit. What […]
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Economist Conway expands on need to reuse abandoned properties
September 3, 2019
Renowned economist KC Conway recently presented his talk on the adaptive reuse of buildings and commercial spaces during the 15th anniversary convention held by the Puerto Rico Chapter of the Certified Commercial Investment Member Institute, the entity announced. At the conference, Conway spoke about trends in the economy regarding commercial real estate in both Puerto […]
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Local financial services expert recognized with ‘40 Under Forty’ award
September 3, 2019
Cameron McKenzie, founder of Puerto Rican financial services firm McKenzie & Associates, LLC, was recently honored with the “40 Under Forty” award from the National Association of Certified Valuators and Analysts (NACVA) in the United States. McKenzie started his corporate financial advisory business in 2015, after having worked for seven years as vice president for […]
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Gov’t to sign 1-yr. contract extension with P.R. Fast Ferries to serve Vieques/Culebra
August 30, 2019
The Maritime Transportation Authority will extend for another year its contract with Puerto Rico Fast Ferries to provide service between Puerto Rico and its island municipalities of Vieques and Culebra. However, the contract will be modified, as the government will commission the private operator for three vessels, rather than the current four, for $10 million, […]
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Singapore experts discuss how to prepare ‘workforce of the future’
August 30, 2019
Faced with the changes the world is experiencing given the advances in technology, the traditional education model must be transformed to one of lifelong learning so that individuals are always prepared and ready to effectively adapt to changes in their work and community environment. Singapore, recently named the most competitive country in the world by […]
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