Puerto Rico’s Economic Activity Index, released by the Economic Development Bank, reached a level of 119.9 in April 2018.
The Puerto Rico Community Foundation and the Puerto Rico Primary Health Association formalized an alliance to provide solar energy systems to primary health clinics — 330 Centers — to be overseen by the latter nonprofit.
Oriental Bank has launched a new digital platform that seeks to make it “fast and easy” for small and medium-sized Puerto Rico businesses to apply for and manage commercial credits through the life cycle of their relationship.
U.S. Customs and Border Protection said its operations in Puerto Rico and the U.S. Virgin Islands are “ready to secure and facilitate travel for thousands of passengers departing to and arriving from international destinations.”
Drugstore chain Walgreens announced that FedEx Express package pickup and drop-off services are now available at 107 of its locations in Puerto Rico, as part of the growing FedEx OnSite network.
The Puerto Rican economy would get a full point of economic growth with proper labor market reforms, and would largely benefit from an expanded tourism industry, which currently represents 6 percent of the island’s GNP.
Insurance company MCS has joined the “Casa Segura, Puerto Rico Recovery” educational campaign, under the slogan: “Educate yourself, get ready and act."
Developer McCormack Baron Salazar, in a public-partnership with the Puerto Rico Department of Housing, unveiled the new $41.3 million Bayshore Villas mixed-income apartment community in Old San Juan, near Bahía Urbana.
The Federal Emergency Management Agency has awarded nearly $219 million in additional Public Assistance grants for Hurricane María recovery in Puerto Rico, it announced.
Looking to promote the island’s economy, WEPA!BOX PUERTO RICO made its official market debut Thursday as a subscription-based service through which buyers will get a monthly package with an assortment of locally produced goods.
As the Puerto Rico Senate approved Bill 1011 to repeal Law 80 of 1976, with a number of amendments, the Financial Oversight and Management Board for Puerto Rico released a 2,000+ page document on labor reform, that called the long-standing mandate “part of the problem.”
The Federal Communications Commission approved additional immediate funding to accelerate the restoration of communications networks in Puerto Rico and the U.S. Virgin Islands that were damaged and destroyed during the 2017 hurricane season, it confirmed.
The government’s "Dale Tijera" initiative launched March 12 has already resulted in the elimination of 116 regulations, Puerto Rico Secretary of State Luis Rivera-Marín said.
The Puerto Rico Bankers Association announced its support for local microenterprise incubators through a financial cooperation agreement with nonprofit organization Alianza para la Incubación de Microempresas Comunitarias-Solidarias Inc.
Puerto Rico Gov. Ricardo Rosselló submitted a new Incentives Code Bill to the island’s legislature, looking to “establish a new transparent and efficient process for the granting and overseeing of all incentives.”
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