US Dept. of Labor gives $1.1M to P.R. to improve services
September 30, 2016
The U.S. Department of Labor announced Thursday a total of $43.2 million in Reemployment & Systems Integration National Dislocated Worker Grants to 43 states and territories to support and improve connectivity among existing workforce programs.
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Denny’s invests $1.5M in 13th restaurant opening in P.R.
September 30, 2016
Marpor Corporation, operator of the Denny’s restaurant chain in Puerto Rico, announced Thursday the opening of its 13th location, at the Las Cascadas Hotel in Aguadilla, which will create 210 new direct jobs. The company invested $1.5 million in the new eatery that opens today.
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Toyota holds on to market share of 29.4% in P.R.
September 30, 2016
The current economic climate notwithstanding, the automotive industry continues to show a slow but steady sales pattern, with Toyota leading sales with its positive performance.
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‘Hackathon’ event rescheduled for Oct. 15-16
September 30, 2016
HackPR, a nonprofit comprised of students and young professionals promoting the development of technical skills through unconventional teaching methods, announced Thursday the new dates for the event that was postponed due to last week’s power blackout.
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Scotiabank sues P.R. gov’t over loan repayment
September 29, 2016
Scotiabank Puerto Rico on Wednesday filed a complaint against the government of Puerto Rico to prevent the diversion and expropriation of certain tax revenue pledged as collateral to secure a loan the bank extended to the Metropolitan Bus Authority.
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Grupo Martí steering Volvo brand back into the spotlight
September 29, 2016
Grupo Martí, a family company based in the Dominican Republic, is looking to steer the Volvo brand of luxury vehicles back to the privileged position it had among Puerto Rico consumers several decades ago with significant investments and long-terms plans.
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US Labor Dept. awards $6M to P.R. for Zika recovery
September 29, 2016
The U.S. Department of Labor announced Wednesday the funding of a $6 million National Dislocated Worker Grant initial award to the Puerto Rico Department of Labor and Human Resources to employ temporary workers to assist with recovery efforts after the Zika virus outbreak in the commonwealth.
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14th ‘Community Reinvestment Week’ slated for Oct. 3-7
September 29, 2016
The Puerto Rico Bankers Association will host the 14th edition of the Community Reinvestment Week Oct. 3-7, with a series of events under the "Tools for Sustainable Development" theme, organizers said Wednesday.
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Tax experts debate PROMESA’s ‘promise’ at D.C. panel
September 28, 2016
WASHINGTON — Half a dozen tax attorneys and D.C. policy wonks bickered Tuesday over how to bring Puerto Rico out of its perennial economic crisis in the context of PROMESA, the Puerto Rico Oversight, Management and Economic Stability Act.
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PREPA to begin implementing $2.4B capital plan
September 28, 2016
The Puerto Rico Electric Power Authority (PREPA) announced Tuesday it will immediately proceed with the implementation of the Integrated Resource Plan, as modified by the Puerto Rico Energy Commission (PREC), which adopted key elements of its $2.4 billion capital investment plan.
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Op-Ed: A hidden treasure of talent for our workforce
September 28, 2016
I firmly believe that if entrepreneurs don’t rescue and use the huge amount of potential talent we have in our extremely high school dropout statistics, not only are we doomed to waste valuable resources, but we will also pay a huge social price.
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CooPACA reopens Cruce Davila branch in Barceloneta
September 28, 2016
The Savings and Loan Cooperative of Arecibo (CooPACA, for its Spanish acronym) announced Tuesday the reopening of its branch located in Cruce Dávila in the municipality of Barceloneta, after a $1 million investment.
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Animus joins forces with LatinasRepresent for summit
September 28, 2016
The National Hispanic Leadership Agenda (NHLA), a coalition of the nation’s 40 preeminent Latino organizations, and ANIMUS have joined forces to share information about both the Latino Appointments Program and LatinasRepresent programs during the upcoming ANIMUS Summit.
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Soccer season generates $1M in revenue for P.R.
September 27, 2016
With just three home games to play before this year’s soccer season is over, Puerto Rico Football Club officials are celebrating a successful run that has drawn not only scores of local fans, but also diehard supporters who have traveled to the island to cheer on visiting teams.
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Fla. law firm probes P.R. muni bond recommendations
September 27, 2016
Tampa-based Mark A. Tepper securities law firm announced Monday it is investigating alleged claims against brokers and financial advisors for recommending Puerto Rico General Obligations (GO) and/or Puerto Rico municipal bonds.
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