Island Creamery Company Inc., franchise holder of Baskin-Robbins in Puerto Rico, announced the addition of a new store in the Doramar Shopping Center in Dorado, through a $1.1 million investment. The new store will create about 26 new jobs and is the first new store ICI has opened since acquiring the franchise rights in Puerto […]
Puerto Rico Gov. Ricardo Rosselló introduced legislation to regulate sports gambling on the island, which is expected to attract visitors and improve the economy, he said during a news conference. The legislation includes a reorganization with a new public policy in favor of gambling. In anticipation of unveiling the bill, the government referred to two […]
Aurora Angel Network, a group of angel investors created in January 2019, announced its first investment of $210,000 in Zomio Inc., a Puerto Rico-based security company that develops smart technology. Aurora is comprised by a group of executives and entrepreneurs whose mission is to invest in the growth of innovative and scalable start-ups to create […]
JetBlue launched its annual “GreenUp” campaign which highlights the airline’s commitment to local environments. In celebration of Earth Month, JetBlue seeks to help its customers to educate themselves, and join the airline in donating and volunteering with non-profits working to preserve natural spaces. In San Juan, JetBlue crewmembers will participate in a variety of events, […]
This is the time of the year in which individuals receive financial information to prepare their individual income tax return. Understanding what changes were enacted through new legislation, and how each affects each particular situation, is not an easy task. Therefore, be aware of relevant changes applicable to tax years beginning after Dec. 31, 2018, […]
#CoverTheProgress, an initiative to highlight Puerto Rico’s recovery after the passage of Hurricane María, is a finalist for various recognitions from communications and tourism organizations, including the Maximum Achievement for Reputation Management Award from SABRE North America, Discover Puerto Rico announced. The awards recognize the most outstanding work focused on programs and initiatives that have […]
Department of Economic Development and Commerce Secretary Manuel A. Laboy Rivera is taking part in Hannover Messe 2019, an international event in Germany where he will promote Puerto Rico as an investment destination, through the opportunity zones in multiple sectors including research and technology development. “The purpose of the event is to promote investment in new […]
Sacred Heart University, through its “Nuestro Barrio: Santurce Cultural District Program” announced the 23 companies selected to participate in its training platform for the area’s creative businesses. This initiative is possible through the allocation of $400,000 the university received from the U.S. Economic Development Administration to support the acceleration of creative industries, college officials said. […]
T-Mobile CEO John Legere confirmed he will be in San Juan today to meet with employees during its “Winners Circle Puerto Rico” event, which will take place all week. This is the first time T-Mobile celebrates the companywide affair in Puerto Rico, which will bring some 1,500 employees to the island, including other high-ranking company […]
Starbucks Puerto Rico unveiled its new “Starbucks Express,” mobile coffee shop concept — the first of its kind in Latin America and one of the few in the world, company executives said. Starbucks Express joins the 26 stores that the company has on the island. Weighing in at 16,000 pounds and measuring 32 feet long […]
Last month, the Puerto Rico Electric Power Authority filed its long-anticipated integrated resource plan – a 20-year plan for the transformation of the island’s power generation system – with its regulator, the Puerto Rico Energy Bureau. In the plan, PREPA details various scenarios for the build-out of generation infrastructure and a five-year action plan of […]
Looking to expand the statistical information on a number of topics and educate about statistics and tools available to manage and access them, the Puerto Rico Institute of Statistics is hosting a series of workshops and webinars. While the workshops requiring attendance target mainly government employees and representatives of non-governmental entities responsible for keeping statistics […]
Twelve companies were selected to participate in a new export program launched by the Puerto Rico Manufacturing Extension Inc. As part of the program each participant will receive 60 hours of free training, coaching and educational materials with which entrepreneurs can create their export plan and implement them with PRiMEX’s support. The main objective of […]
New York Fed President John Williams urged Puerto Rico to leverage its natural, cultural and human resources to create a sustainable, strong, vibrant and prosperous economy for future generations. During his two-day visit to Puerto Rico and the U.S. Virgin Islands — which fall under his agency’s jurisdiction — Williams participated in a conversation with […]
By Jeniffer Wiscovitch-PadillaCenter for Investigative Journalism The U.S. Department of Housing and Urban Development’s Office of the Inspector General (HUD’s OIG) confirmed it is auditing the Community Development Block Grant–Disaster Recovery (CDBG–DR) Program funds granted to Puerto Rico after Hurricanes Irma and María. HUD Spokesman Darryl Madden told the Center for Investigative Journalism (CPI, for […]
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