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The project will transform Lilly del Caribe’s PR01 plant, built in 1968, into an oral solid dose manufacturing facility for orforglipron — Lilly’s first oral GLP-1 receptor agonist — while expanding the PR05 plant dedicated to insulin production.
Featured, Manufacturing
Lilly invests $1.2B to expand Puerto Rico operations
NIMB Staff October 30, 2025

The Carolina campus modernization will create 1,100 jobs boost production capacity, and strengthen the island’s role in U.S. manufacturing. #NewsismyBusiness

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Chantal Benet, of Inteligencia Económica, presents the findings of the 2025 telecommunications industry impact report commissioned by the Puerto Rican Telecommunications Alliance.
Featured, Telecommunications/Technology
Puerto Rico telecom sector tops $3.5B investment
NIMB Staff October 30, 2025

APT study finds industry generates billions in wages, thousands of jobs and remains vital to the island’s economic growth. #NewsismyBusiness

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A Mastercard–Endeavor survey found that Puerto Rican entrepreneurs see community and networking as the island’s top business advantages, followed by proximity to markets and competitive operating costs.
Featured, General Biz News
Study: Puerto Rico startups surge despite capital limits
NIMB Staff October 30, 2025

Mastercard–Endeavor report finds record growth, rising revenues and a maturing innovation ecosystem driven by talent and resilience. #NewsismyBusiness

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Esperanza Para Puerto Rico will distribute food, bottled water, hygiene items, cleaning supplies, and protective gear to families in need.
In-Brief
Esperanza Para Puerto Rico launches relief drive
NIMB Staff October 30, 2025

Grassroots initiative to provide food, hygiene items, and support to more than 100 families in Luquillo this weekend. #NewsismyBusiness

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After Hours Global is a traveling dining group that creates collaborative culinary experiences celebrating local food systems.
In-Brief
After Hours brings global dining to Puerto Rico
NIMB Staff October 30, 2025

The nomadic restaurant expands its collaborative culinary concept to San Juan, Arecibo, Cabo Rojo and Rincón in early 2026. #NewsismyBusiness

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The Volvo XC40 has gained popularity in Puerto Rico for its Scandinavian design, versatility and intuitive technology.
In-Brief
Volvo reintroduces XC40 to Puerto Rico market
NIMB Staff October 30, 2025

The premium compact SUV returns with Scandinavian design, advanced technology and safety features tailored to local demand. #NewsismyBusiness

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The Puerto Rico No Se Vende coalition released “Dolor y lucro: los inversionistas con múltiples exenciones contributivas que empobrecen a Puerto Rico” (“Pain and Profit: Investors with Multiple Tax Exemptions that Impoverish Puerto Rico”), a study examining the impact of the island’s tax incentive system.
Featured, General Biz News
Study: Puerto Rico lost $18B to investor tax incentives
NIMB Staff October 29, 2025

The Puerto Rico No Se Vende coalition warns of deepening inequality as the government expands audits to curb noncompliance under Act 60. #NewsismyBusiness

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At the 2025 Solar Energy and Storage Association Summit in San Juan, Max Issokson, senior research analyst at Wood Mackenzie, presented a study showing that Puerto Rico ranks third in the United States for residential solar and battery storage installations.
Featured, General Biz News
Puerto Rico ranks 3rd in US solar and storage growth
NIMB Staff October 29, 2025

New study highlights island’s rapid renewable expansion as Gov. Jenniffer González pledges to defend net metering and accelerate energy transformation. #NewsismyBusiness

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Nickolaus Cortese, executive vice president of Grand Reserve Puerto Rico, announced the start of construction on Marea Residences, a $100 million oceanfront development in Río Grande.
Featured, General Biz News
Construction begins on $100M Marea Residences project
NIMB Staff October 29, 2025

Luxury development at Grand Reserve Puerto Rico marks new phase of high-end tourism and residential growth in Río Grande. #NewsismyBusiness

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Puerto Rico remains trapped in a “The Truman Show”-like cycle, endlessly reliving the same governance failures the Tobin Report warned about, writes Antonio Santos, a hospitality and tourism professional and former House candidate. (Image generated by ChatGPT)
Biz Views
Puerto Rico’s Truman Show: Stuck in fiscal déjà vu
Contributor October 29, 2025

Half a century after the Tobin Report, Puerto Rico still repeats its fiscal mistakes, writes Antonio Santos. #NewsismyBusiness

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The next edition of “Tu Camino Empresarial Tour” will take place Nov. 6 at the Arecibo Country Club, connecting entrepreneurs and small-business owners from Puerto Rico’s northern region.
In-Brief
Colmena66 takes ‘Tu Camino Empresarial’ Tour to Arecibo
NIMB Staff October 29, 2025

The event connects northern region entrepreneurs with key business resources, training and mentorship opportunities. #NewsismyBusiness

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Ricardo Benítez-Bajandas, founder of Gain Solutions, will host a business networking event in Madrid to promote trade and investment between Puerto Rico and Spain.
In-Brief
Gain Solutions expands Puerto Rico-Spain business ties
NIMB Staff October 29, 2025

Firm to host high-level event in Madrid to promote investment, collaboration and new opportunities between both markets. #NewsismyBusiness

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In 2024, the Rimas Foundation placed El Vagón, a mobile recording studio, at the Escuela con Causa in Cataño, Puerto Rico, where young people learn music and production as part of the foundation’s community education programs.
Education, Featured
Wendy’s, Rimas Foundation launch youth scholarship drive
NIMB Staff October 28, 2025

The alliance supports educational programs and scholarships for Puerto Rican students through a new islandwide fundraising campaign. #NewsismyBusiness

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Aire by O:live in Carolina, Puerto Rico, is a 78-room boutique hotel located on the site of the former San Juan Water and Beach Club Hotel.
Featured, Tourism/Transportation
Aire by O:live opens in Isla Verde with $30M investment
NIMB Staff October 28, 2025

Backed by $5.7 million in government tax incentives, the new boutique hotel marks another milestone in Puerto Rico’s luxury tourism growth. #NewsismyBusiness

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Leonor García-Guerra, executive director of ColaborativoPR, announced a new partnership with the ECMC Foundation to support first-generation and low-income college students in Puerto Rico.
Featured, Nonprofit organizations
ColaborativoPR secures $450K grant for student success
NIMB Staff October 28, 2025

With ECMC Foundation funding, the nonprofit will build a Community of Practice to expand access and improve outcomes for Puerto Rican college students. #NewsismyBusiness

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QUOTE OF THE WEEK:

“Companies that weren’t born with AI have a long and arduous adaptation process, especially large companies with hundreds or thousands of employees. Those companies are going to lose their competitiveness to smaller businesses that are born with AI, can go faster and don’t have legacy systems to convert and maintain.”

 

— Nicolas Galarza, founder, Wealth2B

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