Endeavor selected the first Puerto Rican entrepreneur to enter its global network, Abarca Health Founder and CEO Jason Borschow, during its most recent International Selection Panel held in San Francisco, CA last week, the company announced. Endeavor is a nonprofit organization that leads the global high-impact entrepreneurship movement and has operations in more than 30 […]
José Corujo, Juan A. Rivera, and Teresa Caballero, Master Franchise Owners of FastSigns Puerto Rico, which includes three locations, recently received national recognition as the recipients of The FastSigns Award at the 2019 FastSigns International Convention recently held in Orlando, Florida. Company executives said the award, which is the most prestigious recognition in the franchise […]
Following an investment of $2.1 million, entrepreneurs Matt Moncada and Paco López officially announced the opening of Fifty-Eight, a new nightclub at La Concha Renaissance Resort in the Condado sector of San Juan. The new venue also represents a partnership with the hotel’s owner, Paulson & Co., which may open the doors for more locations […]
Ponce Health Sciences University has broken ground on the construction of an $80 million campus and medical research facility, which will be the largest of its kind in Puerto Rico, school officials said. The expansion comes in the wake of the conditional authorization it has received from the Liaison Committee on Medical Education – which […]
Taco Bell Cantina, the chain’s new flagship restaurant, recently opened in Toa Baja, bringing to the island a new urban and modern concept with unique offers in its category, restaurant owners said. “With a local investment of $1 million, Taco Bell Cantina will create 23 direct and indirect jobs, and it is expected to stimulate […]
Investigations by the U.S. Department of Labor’s Wage and Hour Division have resulted in the recovery of nearly $5.6 million in back wages and benefits owed to 993 employees of nine subcontractors that provided power generator operation support for hurricane recovery efforts in Puerto Rico, the agency announced. WHD investigators found that the subcontractors violated […]
The Puerto Rico Agriculture Department’s Administration for the Development of Agricultural Enterprises has allocated $256,000 to promote growth and development in the island’s Small Ruminants production industry. Agriculture Secretary Carlos Flores described the move as important for the sector “after the Department succeeded for the first time last year, in organizing the sector with a […]
Puerto Rico’s changing economic landscape will prompt banks to keep a tight grip on their activites until risks recede, an analysis by H. Calero Consulting firm concluded. The “retrenching,” as the firm called it, will likely lead banks to remain a “passive sector, one that, in the future, stands to react rather than lead the […]
The government sent out another $39.4 million to 1,294 employers who requested Employee Retention Tax Credit program after the impact of Hurricanes Irma and María last year. Gov. Ricardo Rosselló said the new allocation pushes the total amount paid out to $414.4 million from June 2018 to 16,676 employers who retained 415,921 employees after the […]
As part of its strategic plan to evolve and develop its Caribbean structure, Mastercard announced changes that will strengthen its presence on the islands, including expanding their offices in the Dominican Republic and opening new offices in Puerto Rico and Jamaica. This growth will promote greater agility and efficiency when providing service to clients and […]
Powered by a multidisciplinary group of current Oracle employees who had the opportunity to participate in previous editions of their internship and trainee programs, the software company is looking to recruit new participants, it announced. The internship program, called Generation Oracle, seeks to guide and train a generation of professionals for the future. The registration […]
FedEx Express, a subsidiary of transportation company FedEx Corp., officially inaugurated its new state-of-the-art ramp operation located at the Luis Muñoz Marin International Airport in Carolina. The opening of the new facility is part of the company’s plan to increase its operational efficiency and meet its growing customer demands. While the investment was no revealed, […]
Sacred Heart University, through its “Our Neighborhood: Cultural District of Santurce” program, has opened a call for creative companies established in the Santurce area interested in developing their project. The initiative, called the CEPA for its initials in Spanish, seeks to recruit 10 to 12 companies committed to their neighborhood, that need support to give […]
Housing and Urban Development Secretary Ben Carson met with Puerto Rico Gov. Ricardo Rosselló at HUD Headquarters in Washington, D.C. on Wednesday to discuss the status of Puerto Rico’s rebuilding efforts following the 2017 hurricanes. During the 30-minute meeting, Carson was joined by Acting Deputy Secretary Brian Montgomery, who oversees the disaster recovery program at […]
A Key Biscayne, Florida resident was found guilty by a federal jury for his role in a $100 million scheme to defraud Westernbank of Puerto Rico. The losses triggered a series of events leading to Westernbank’s insolvency and ultimate collapse in 2010. Jack Kachkar, 55, was convicted of eight counts of wire fraud affecting a […]
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