OBoard to hold public hearing on economic development on Sept. 26
September 19, 2019
The Financial Oversight and Management Board for Puerto Rico will hold a public hearing on economic development on Sept. 26 at the Puerto Rico Convention Center, rooms 208 and 209 beginning at 1 p.m. The hearing will focus on the status and impact of the “Ease of Doing Business” reforms being carried by the government […]
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P.R. revenue collections reach $1.05B in July, Treasury Dept. says
September 18, 2019
Preliminary net revenues collected and deposited into Puerto Rico’s General Fund for the recently begun Fiscal 2020 totaled $1.05 billion, Treasury Secretary Francisco Parés said. “July 2019 revenues surpassed last year’s revenues by $305.5 million, a 41.2% increase,” he said, adding that July 2019 revenues were $159.9 million above projections. The corporate income tax category […]
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P.R. retail sales ‘kept the pace’ in July 2019, gov’t confirms
September 18, 2019
Retail sales reached the second highest level for a month of July in the past decade, with nearly $2.9 billion in activity, Puerto Rico Trade and Export confirmed. The highest month in sales over the past decade was July 2018 with a total $3 billion, which the agency described as “totally atypical behavior” when compared […]
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Kincentric opens P.R. office to offer human resources, advisory services
September 18, 2019
Chicago-based Kincentric, a company with expertise in engagement, leadership assessment and development, and Human Resources and talent advisory services, has recently being launched in the Puerto Rican market as a result of Aon’s agreement to sell businesses within its talent practice to Spencer Stuart, a global leading executive search and leadership advisory firm. The scope […]
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‘Best Lawyers’ guide accepting nominations for P.R. attorneys
September 18, 2019
“Best Lawyers,” the oldest and most respected guide to the legal profession, is currently accepting nominations for the 8th edition of The Best Lawyers in Puerto Rico. Nominations can be submitted by the general public, clients, other practicing lawyers, and marketing teams. Lawyers may not nominate themselves, the publication stated. All lawyers included in the […]
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P.R. entrepreneurs confirm benefits of federal grants on their businesses
September 17, 2019
Local entrepreneurs and researchers who have marketed their innovations thanks to federal grant programs and the support of local business ecosystems organization gathered in San Juan to celebrate and share their success stories. The testimonials came during “The Faces of Innovation in Puerto Rico: SBIR Road Tour Kickoff” event organized by the Puerto Rico Science, […]
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August new car sales dip 10% year-over-year, trade group confirms
September 17, 2019
New car sales in Puerto Rico took a 10% dip in August when compared to the same month in 2018, the United Group of Automobile Importers confirmed. The organization known as GUIA for its initials in Spanish, which represents the automotive industry in Puerto Rico, confirmed that August ended with a total of 8,236 units […]
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Pharma-Bio Serv reports $5M in revenue for quarter ended July 31
September 17, 2019
Pharma-Bio Serv Inc., a compliance, project management and technology transfer support consulting firm based in Dorado announced revenue from continuing operations for the three and nine months ended July 31, 2019 of $5 million and $14.7 million, respectively. The results represent an increase of approximately $300,000 and $2.6 million, or 7% and 21%, respectively, when […]
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Liberty LatAm picks TiVo to launch next-generation TV services in P.R.
September 16, 2019
Liberty Latin America has selected TiVo’s Next-Gen Platform to deliver “cutting-edge innovations” to its video customers in Puerto Rico, the companies announced. Over time, Liberty Latin America also plans to launch TiVo’s Next-Gen Platform in other markets across Latin America, TiVo executives confirmed. TiVo’s Next-Gen Platform enables Liberty Latin America to seamlessly transition to IPTV […]
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Cape Air to relaunch San Juan to Nevis service in November
September 16, 2019
Cape Air will be reinstating daily year-round service between San Juan and Nevis, in the West Indies beginning Nov. 22, 2019, the air carrier announced. Two daily flights will operate between San Juan’s Luis Muñoz Marin International Airport and Vance W. Amory International Airport in Nevis. “Cape Air has been invested in the Caribbean region […]
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Agriculture Dept., private sector plant some 4,500 coffee trees
September 16, 2019
The Agriculture Department, together with Starbucks and the Fonalledas Foundation planted some 4,500 coffee trees, of the Marseillaise seed, Agriculture Secretary Carlos Flores said. Nearly 100 volunteers, including veterans of The Mission Continues organization, and employees of the University of Puerto Rico’s Agricultural Station, worked the lands of the Torres Berdiel, Hernán Núñez and Gamalier […]
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12 local 330 health centers split $7.8M from U.S. Dept. of Health
September 13, 2019
The U.S. Department of Health and Human Services awarded $7.8 million for 12 new 330 health clinics in Puerto Rico as part of a global allocation of $50 million for 77 clinics in the United States, Northern Mariana Islands and Puerto Rico. “The novelty of this announcement is that two nonprofit organizations will receive $650,000 […]
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Science Trust bestows $3.1M in grants to 26 science, tech projects
September 13, 2019
The Puerto Rico Science, Technology and Research Trust Grant Program awarded $3.1 million to 26 science and technology research projects, including the “Advanced Research Grant” that promotes cutting-edge research in various areas of science and technology with $150,000 to each winner. The Catalyzer Research Grant was also awarded, which conferred $70,000 to each recipient and […]
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Dept. of Economic Development to promote P.R. as mega-yacht destination
September 13, 2019
Looking to diversify Puerto Rico’s economy, the Department of Economic Development and Commerce will promote and market the island as a mega-yacht destination, which has the potential to generate $61 million in revenue. “Our mission is to implement and supervise the execution of Puerto Rico’s public policy on economic development in the various business sectors. […]
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AT&T contributes $50K to Andanza to support ‘Danza con Andanza’ program
September 13, 2019
As part of its focus on culture and education, AT&T contributed $50,000 to Andanza, a Puerto Rican contemporary dance company and dance school. The contribution will support the nonprofit’s “Danza con Andanza” educational program. Since 2002, “Danza con Andanza” has helped hundreds of students in need improve their personal development and academic progress through a […]
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