Grupo Guayacán picks 27 finalists for ’19 EnterPRize competition
August 15, 2019
A “record-breaking” group of 27 start-ups kicked off the finalist phase of Grupo Guayacán Inc.’s 2019 EnterPRize Competition, the entity announced. More than 30 collaborators, sponsors, and mentors participated in a judging session on Aug. 9, in which they evaluated pitches from 40 semi-finalists to select the group that would go on to compete for […]
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P.R.’s Bidwise included in Inc. Magazine’s America’s 5000 fastest-growing private co.’s
August 15, 2019
Bidwise, a Puerto Rico-based technology company that provides performance marketing services to online retailers, has been recognized by Inc. Magazine on its list of the 5000 fastest-growing private companies in America. Bidwise helps online stores increase sales through its commerce advertising platform, which delivers ads based on a user’s shopping intent. Each year, Inc. Magazine […]
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Spotery receives $225K Nat’l Science Foundation grant for geo-location project
August 15, 2019
Spotery receives $225K National Science Foundation grant for geo-location project Spotery, a company that operates a system to manage under-used space in Puerto Rico, received a $225,000 grant from the National Science Foundation and its Small Business Innovation Research program to conduct research and development for a “Geolocation Name System Development” project. The goal of […]
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National University College launches revamped National School of Culinary Arts
August 15, 2019
National University College unveiled the new offering of its National School of Culinary Arts, through which it will run a culinary arts programs in its 13 extension centers, President Gloria E. Baquero announced. The curriculum will be “comprehensive and tempered” to the demands of the labor market. “Students need access to new information, trends and […]
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Oriental files applications to regulators for approval of proposed Scotiabank purchase
August 14, 2019
OFG Bancorp announced it has filed applications at four regulatory agencies for consent of its proposed acquisition of Scotiabank de Puerto Rico, according to public notices published Tuesday. The petitions to the Federal Reserve, the Federal Deposit Insurance Corp., the Puerto Rico Office of the Commissioner of Financial Institutions and the U.S. Virgin Islands Banking […]
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Mercy Corps offers workshops, grants for micro and small entrepreneurs
August 14, 2019
Some 50 micro and small entrepreneurs will have an opportunity to receive grants and specialized support to strengthen their businesses, as part of efforts to increase economic resilience of businesses and communities conducted by international humanitarian organization Mercy Corps Puerto Rico. Entrepreneurs will be able to compete for Mercy Corps’ assistance through its Puerto Rico […]
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T-Mobile lights up 600MHz in Vieques, completing deployment throughout P.R.
August 13, 2019
VIEQUES, P.R. — Wireless carrier T-Mobile announced the arrival of the 600MHz technology to Vieques, completing the deployment of the next-generation technology throughout the 78 municipalities. Less than two years after Hurricane María struck Puerto Rico, T-Mobile has lit up 600MHz to provide coverage in every town, the company’s General Manager Jorge Martel said. The […]
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$120M, 579-suite Hyatt Resort at Coco Beach opens in Río Grande
August 13, 2019
The Resort at Coco Beach, a property affiliated with the Hyatt brand, has officially opened in Rio Grande, featuring 579 ocean-front suites situated on a secluded 1,000-acre peninsula within a private development on the island’s northeast coast. As this media outlet reported in June, the former Gran Meliá Puerto Rico Hotel was acquired by Monarch […]
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PRiMEX ranked 1st place among peer network in U.S. mainland
August 13, 2019
The Puerto Rico Manufacturing Extension Inc. (known as PRiMEX) landed the top ranking from the Network of the National Institute of Standards and Technology/Manufacturing Extension Partnership of the U.S. Department of Commerce, the entity announced. The organization offers training, technical and business support to improve the competitiveness of companies, processes and human resources. Among the […]
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Miami-based Cansortium opens 2nd Fluent medical cannabis clinic in P.R.
August 13, 2019
Cansortium Inc., a provider of medical cannabis operating under the Fluent brand, recently opened its second clinic in Puerto Rico, at the San Patricio Town Center in Guaynabo. “The opening of our second Fluent dispensary in Puerto Rico is further evidence that we are executing our growth plan by steadily expanding our dispensary network to […]
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A’GACI announces closing of all stores, including 3 locations in P.R.
August 12, 2019
Some 18 months after filing for Chapter 11 bankruptcy, women’s fashion retailer A’GACI has announced the closing of the remaining 54 stores in its chain, including three in Puerto Rico. Going-out-of-business sales are underway at the stores — including locations in Plaza del Norte, Plaza del Caribe and Plaza Las Américas. However, it remained unclear […]
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Invest P.R. CEO: Investors must be assured things are moving forward
August 12, 2019
The political turmoil Puerto Rico has been experiencing in recent weeks is similar to what has happened in other jurisdictions, and investors must be assured that “things will continue to move forward,” Invest Puerto Rico CEO Rodrick Miller said. In an exclusive interview with News is my Business, Miller said it is very early to […]
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Walmart Puerto Rico chosen to expand Sofía Vergara’s collection
August 12, 2019
Walmart Puerto Rico recently unveiled the clothing collection of entrepreneur and actress Sofía Vergara, which is expanding its reach and distribution. The chain stores in Puerto Rico are the first and only to have the Sofía Jeans collection available for sale in the nation, the retailer said. “We’re proud that Walmart Puerto Rico was chosen […]
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Triple-S reports $30.9M in net income for 2Q19, stays ‘positive’ on P.R.’s economy
August 12, 2019
Triple-S Management Corp. revealed second quarter results showing a year-over-year net income increase to $30.9 million, or $1.35 per diluted share, versus net loss of $38.7 million, or $1.68 per share, in the prior-year period. It also reported adjusted net income of $25.7 million, or $1.12 per diluted share, versus adjusted net loss of $37.3 […]
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Invest P.R. poised to put island on the map
August 12, 2019
In this episode of “Dollars & Sense, a News is my Business podcast” we sat down with Rod Miller, CEO of Invest Puerto Rico, the recently launched independent entity responsible for promoting the island in the international business community. We invite you to listen to and share this interesting episode!
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