U.S. Congress is still “weighing the merits” of H.R. 870, known as the Puerto Rico Chapter 9 Uniformity Act, as momentum builds from outside groups for and against the measure that would authorize the island’s government to restructure its fiscal obligations under Chapter 9 of the U.S. bankruptcy code.
The Puerto Rico Sales and Marketing Executives Association will hold its annual conference on May 7-8, from 8:30 a.m. to 7:30 p.m., at the Sheraton Puerto Rico Hotel & Casino titled, focusing on “What’s next?” for the industry.
U.S. Department of Agriculture officials from the agency’s Agricultural Marketing Service, Food and Nutrition Service, Natural Resources Conservation Service, and Rural Development, joined Puerto Rico’s First Lady, Wilma Pastrana on Wednesday to announce the expansion of its StrikeForce for Rural Growth and Opportunity program into Puerto Rico.
After four years of having successfully established itself on the island, mortgage finance company Sun West Mortgage Company inaugurated Wednesday its new expanded headquarters in Guaynabo’s Maramar Square, from where it will collaborate with offices in the U.S. mainland and the U.S. Virgin Islands.
Puerto Rico will celebrate the fourth edition of the “Puerto Rico Restaurant Week” gastronomic event, slated to take place from May 27 to June 3.
Pronto Wash, an operator of car wash facilities at 17 malls, recently overhauled its marketing program to attract more customers through memberships. As a result, the chain said it has a “significant traffic increase” and signed up more then 1,000 new members in nine months.
Fulfilling its social responsibility goals, Banco Popular recently became the first bank to invest in the Community Investment Fund run by the Puerto Rico Community Foundation, investing $250,000.
The Puerto Rico Government Development Bank (GDB) warned Gov. Alejandro García-Padilla that without an approved tax reform and a budget adjusted to public spending and the island’s fiscal reality, the government could run out of money and shut down within the next three months.
The development of new drugs against malaria, the creation of hybrid technologies to further communications and aviation, as well as advances in biotechnology to purify water, are several of the initiatives that will be made possible thanks to the awarding of grants for 12 scientific projects, given by the Puerto Rico Science, Technology & Research Trust.
The U.S. Small Business Administration’s “Boots to Business” program has trained 25,000 transitioning service members over the past two years, in collaboration with the Department of Defense, the SBA announced Tuesday.
The strategy set forth by Gov. García-Padilla’s administration to try shore up liquidity for the Government Development Bank for Puerto Rico through the reliance on a recently approved oil tax hike may fall short if prices increase, or the island’s population continues to shrink, economist firm H. Calero Consulting exposed in its most recent monthly publication.
Social media giant Facebook recently added Puerto Rican online marketing company Gustazos.com to its list of “success stories,” praising the firm’s use of the platform to further its business.
Banco Popular de Puerto Rico announced Monday the addition of new free mobile banking services through its “Mi Banco Móvil” platform, including a tailored app for iPad users.
Telecommunications provider Claro announced Monday that some 592 residents of the Jobos, Palmas and Pueblito del Carmen sectors of the southern town of Guayama will now have access to broadband and all of the services associated with the technology.
María Contreras-Sweet, the head of the U.S. Small Business Administration, recently announced the 2015 National Small Business Week awardees, which includes the Puerto Rico Women’s Business Institute among the select group.
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