Hurricane María, which seriously damaged Puerto Rico’s infrastructure, led to an increased number of areas falling in disuse in municipalities; many small and medium business owners ceased operations due to a lack of basic resources, while others decided to emigrate. In light of this, FirstBank created the “Uno con Puerto Rico” award for $10,000 in […]
https://media.blubrry.com/dollarsandsensenewsismybusines/newsismybusiness.com/wp-content/uploads/2019/03/Podcast-FEMA-COR3.mp3Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | RSSIn this episode of Dollar$ and $ense, we share with you information provided during a news conference in San Juan about the agreement reached between the Central Office of Recovery, Reconstruction and Resiliency (known as COR3) and FEMA for the review and reimbursement approval of […]
Puerto Rico is once again playing host to the third annual Yees Lean, Leadership & Innovation Event, April 8-11 at the Vivo Beach Club in Isla Verde. Young Entrepreneurship Education System, or Yees, is a company dedicated to high impact business education, which together with Toyota Connected and the Navy, will hold workshops for a […]
The Casino Metro at the Sheraton Hotel at the Convention Center District in Miramar, inaugurated a $2 million expansion that adds 41 new slot machines and eight gaming tables. As this media outlet reported, the expansion — the first since the casino opened in 2009 — will represent new full-time jobs, 45 in total, of […]
The Center for a New Economy, which has analyzed Puerto Rico’s energy sector for 15 years, convened local and international leaders to rethink the island’s outdated energy model and define a new vision for a sustainable energy future during its “Black Start: The Future of Energy Summit” at the Puerto Rico Convention Center in San […]
The U.S. Treasury has submitted a report with recommendations to transform Puerto Rico’s property tax system, including the potential elimination of the controversial inventory tax, Raúl Maldonado, the local administration’s CFO said. Maldonado, who is also Puerto Rico Treasury Secretary, shared the content of the report with members of the United Retailers Association, the School […]
Wireless carrier T-Mobile Puerto Rico unveiled its new mobile sales and service unit, which it will use to serve customers in Humacao and the island’s eastern flank. The company invested $200,000 in the 325 square-foot unit, which will initially employ 11 people and will be stationed at Plaza Palma Real, where T-Mobile lost a store […]
The Bank of Nova Scotia, parent company of Scotiabank de Puerto Rico, has sued the government’s Metropolitan Bus Authority for defaulting on some $32 million in a revolving credit and term loan agreement. Furthermore, the bank has asked the San Juan Superior Court to issue an order for a “provisional embargo and prohibition of alienation […]
People invested in Puerto Rico’s long-term disaster recovery efforts face many obstacles, including — but not limited to — debt, recession, stronger hurricanes, utilities, and sovereignty. All these challenges require robust, independent, and trustworthy socio-economic data to lay the foundation for successful private investment and public policy, according to a paper written by a team […]
Destination Marketing Organization Discover Puerto Rico presented the first industry report of the year, highlighting efforts and successes accomplished to reposition the island’s brand, and establishing priorities in which they will focus to continue strengthening the market abroad in 2019. In front of an audience of nearly 400 professionals from the tourism, travel and convention […]
Looking to support companies in the food sector to comply with the Food Safety Modernization Act, the Puerto Rico Manufacturing Extension (PRiMEx) has launched a program to create food safety plans. The initiative will benefit up to 100 companies engaged in food preparation on a commercial scale, as well as the manufacture, processing, packaging, transport […]
The U.S. Small Business Administration announced the 2019 Small Business Persons of the Year winners, including 3A Press Corp. in Lajas. Each of the winners have been invited to attend ceremonies in Washington, D.C. on May 5-6 where they will be honored with their individual award. During the ceremonies, SBA will announce the 2019 National […]
Puerto Rico’s credit unions have more than 1 million members, according to the latest financial and statistical quarterly report presented by the Public Corporation for the Supervision of Puerto Rico Cooperatives, or COSSEC for its initials in Spanish. This achievement is part of the goals set by past Cooperative Development Commissioner, or CDCoop, Ivelisse Torres-Rivera, […]
Through its social responsibility program, DirecTV Generation and the “Piedra, Papel Tijeras” initiative, announced the completion of two social impact projects in Puerto Rico as part of its commitment to the resilience of the Island after the passage of Hurricane María. Nine homes in the municipality of Loíza were rehabilitated and a farm in Trujillo […]
With the purpose of advancing the agriculture industry through innovation, the most important conference on agricultural innovation and technology will take place on Saturday, April 6, in the Puerto Rico Convention Center, organizers announced. As in previous years, the event will connect, empower and strengthen relationships in and outside the industry to boost its contribution […]
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