Codetrotters, the first hacker school in Puerto Rico and the Caribbean announced it has been selected among 20 global startups to join the world’s first startup decelerator, Menorca Millennials, among more than 400 groups that applied.
H.R. 5278, also known as the “Puerto Rico Oversight, Management, and Economic Stability Act,” which seeks to establish an Oversight Board to assist the government of Puerto Rico and its agencies in managing its public finances, will move for a vote by members of the U.S. House Committee on Natural Resources today, when nearly two dozen amendments will be considered.
Sartorius Stedim Biotech, an international supplier for the biopharma industry, announced Tuesday plans to invest $50 million in its plant in Yauco over the next five years, when it will create some 350 new jobs.
Puerto Rico consumers are spending 4 percent less on their groceries this year, in comparison to 2015, to $406 from $425 a month, representing the lowest out-of-pocket expenditure registered in the last decade, this year’s edition of the Puerto Rico Marketing, Industry and Food Distribution Chamber’s Consumer X-Ray study revealed.
Puerto Rico Gov. Alejandro García-Padilla on Monday unveiled a proposed budget for Fiscal 2017 of $9.1 billion, down $700 million from the original budget that was approved last year and $192 million less than the adjusted current budget.
Avara Pharmaceutical Services, which arrived on the island last year after picking up the assets of the former Merck plant in Arecibo, is marking its first year of operations with plans to expand production at the site, a high-ranking company official said this week.
Simara Laboy-López, a 22-year-old Biochemistry doctoral student from the University of Puerto Rico, beat out two other competitors to win the first local edition of the Singularity University Global Impact competition, the Puerto Rico Science, Technology and Research Trust announced Monday.
OFG Bancorp recently announced that its Oriental Bank subsidiary has become the first financial institution in Puerto Rico to launch a mobile banking app for commercial clients.
A group of Government Development Bank for Puerto Rico creditors have filed an amended complaint in the U.S. District Court for the District of Puerto Rico challenging the constitutionality of certain aspects of the Puerto Rico Emergency Moratorium and Financial Rehabilitation Act, and certain related executive orders.
AccessLatina, the first multi-market accelerator that provides capital and resources to Latina entrepreneurs in the high-growth industries of STEAM (Science, Technology, Engineering, Arts, Math), social innovation and agriculture announced the winners of its first cohort.
The U.S. House of Representatives submitted late Wednesday H.R. 5278, the “Puerto Rico Oversight, Management, and Economic Stability Act,” which includes several revisions to the original bill proposing an oversight board and a debt-restructuring framework for the island.
Backyard Bondholders, a nonprofit organization representing individual Puerto Rico creditors, on Wednesday said it favors the adoption of a fiscal control board to facilitate an orderly debt restructuring process.
The Department of Justice’s Antitrust Division and the staff of the Federal Trade Commission issued a joint statement Wednesday encouraging the Puerto Rican legislature to consider expanding the services that optometrists can provide.
As a result of its successful business growth strategy, FirstBank is launching the new “Experiences” brand campaign that for the first time delivers its message through the bank’s clients, while integrating diverse products and services.
U.S. Customs and Border Protection announced Wednesday the “Small-Scale Donation Proposal Process,” a more streamlined and simplified avenue for stakeholders interested in investing in and expediting small-scale, high impact border infrastructure, technology and other related improvements.
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