AFICA issues $21.6M bonds to finance Inter American University project
May 23, 2019
The Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority (known as AFICA for its initials in Spanish) issued $21.6 million in new AFICA bonds to finance the construction and development of a new student housing complex, parking facility, and related facilities at the Inter American University’s San Juan campus. Puerto Rico […]
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Metropistas issues $120M in investment grade bonds to refinance debt
May 23, 2019
Autopistas Metropolitanas de Puerto Rico (metropistas) announced the closing of a $120 million bond issuance to refinance a portion of its debt, in what constitutes the company’s second successful placement in the market in three months and one of the few bond issuances in the Puerto Rican infrastructure industry since the beginning of the economic […]
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Passenger traffic climbing at Aguadilla’s Rafael Hernández Int’l Airport
May 23, 2019
A new passenger traffic record was established at the Rafael Hernández International Airport in Aguadilla, which recorded 63,223 passengers in April 2019, up from the prior mark of 46,308 established in 2018. The months of January, February, March and April have established individual and collective passenger movement records, reaching 251,898, up 98,271 vs. the same […]
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P.R. dominates Airbnb ‘Top 10 Summer Trending Destinations’ list
May 22, 2019
The dog days of summer are soon approaching, and with them come the throngs of travelers in search of adventure, rest and relaxation in lands near and far. This summer, Puerto Rico dominates Airbnb’s top-ten global trending destinations list, securing three spots, with Dorado, Vieques and Rio Grande each recording a more than 400% increase […]
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The ins and outs of doing business with the U.S. Department of Homeland Security
May 22, 2019
Soraya Correa, chief procurement officer of the U.S. Department of Homeland Security and Antonio Sosa-Pascual, co-chair of the Puerto Rico Technology Cluster talk about the opportunities for small companies in Puerto Rico to do business with the large federal agency. They spoke about the importance of promoting innovation and entrepreneurial vision in this industry.
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Construction of $107M Dorado Beach Health hospital underway for ’21 opening
May 21, 2019
The developers of the future Dorado Beach Health, a $107 million hospital facility that will raise the standard of care on the island and increase its potential to become the center of medical tourism in the region, announced the start of the construction. The property should open its doors in 2021 and will feature a […]
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Microsoft Security Intelligence Report sheds light on cybersecurity risk in the Americas
May 20, 2019
Following the release of Microsoft’s 24th edition Microsoft Intelligence Security Report (SIR), the company dives into regional insights revealing Puerto Rico security risk is lower than global averages. This year’s edition of the report includes an overview of the security landscape, lessons learned from the field, and cyber security best practices to better protect consumers, partners and customers. The recently […]
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Coco’s-at-the-Yacht Club celebrates Palmas del Mar community’s comeback
May 20, 2019
By Christine RussoSpecial to News is my Business While Puerto Rico continues to deal with the aftermath of Hurricane María, a pair of entrepreneurs are determined to bring together community through their commitment to making people happy. Palmas Del Mar had been hit particularly hard by María as it is located in Humacao – where […]
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Op-Ed: How new social media trends can boost your business
May 20, 2019
No one can argue that living in the technology era has made life much easier. Sometimes all our problems are solved simply by opening an app and clicking on a button. Although our relationship with technology is becoming closer and closer, we also see consumers´ desire to establish trust relationships with brands, especially those that […]
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FirstBank grants $2M in CAPLine financing to Kandor Manufacturing
May 20, 2019
In the next few months, Kandor Manufacturing will increase its staff with 225 new jobs based in Arecibo, after receiving a $2 million line of credit from FirstBank. Kandor, a Puerto Rican company specializing in the manufacture of uniforms and military supplies, recently received the third line of credit issued on the island under the […]
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Causa Local brings access to capital closer to startups
May 20, 2019
Nonprofit organization Causa Local Founder Ana María Cintrón talks about the mission to provide alternative access to capital for small and medium businesses in Puerto Rico. Through crowdfunding and loans, local operations like Molcajete Foods are able to get their businesses off the ground, says Roberto Rivera, one of the three founding brothers of the […]
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SME study reveals that 1M+ people shop online in and outside P.R.
May 17, 2019
One million people in Puerto Rico shop online, from establishments on and off Puerto Rico, according to the 2019 Digital & Mobile Behavioral Study by the Puerto Rico Sales and Marketing Executives Association. “Conservatively, the estimated amount of spending on online purchases already amounts to $220 million annually and it is important to note that […]
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Bravo commits $100M to Bravo Family Foundation to continue helping P.R.
May 17, 2019
Orlando Bravo, managing partner of private equity firm Thoma Bravo and founder of the Bravo Family Foundation, announced he will personally contribute $100 million to his foundation to promote entrepreneurship and economic development in Puerto Rico, where Bravo was raised, and his family still lives. Bravo will leverage his financial resources and professional relationships — […]
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USDA to assign $5.4M to 5 rural projects in P.R.
May 17, 2019
The U.S. Department of Agriculture is investing $68 million to build or improve community facilities and essential services for nearly 715,000 rural residents in 13 states and Puerto Rico. On the island, five proposals were selected for a total investment of $5.4 million, said USDA Rural Development State Director for Puerto Rico, Josué E. Rivera. […]
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CPI heads group that sues U.S. Treasury for info on Oversight Board members
May 16, 2019
A lawsuit was filed in the New York District Court to demand information about the files related to the process of appointing the members of the Oversight Board, specifically the documents related to ethical conflicts and the financial disclosures that were required, the Center for Investigative Journalism (CPI) announced. The lawsuit — which also seeks […]
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