Billionaire Nicholas Prouty's latest investment in Puerto Rico — the $108 million expansion of the Ciudadela housing and commercial complex in Santurce — will benefit from local tax incentives to achieve savings he plans to pass on to future buyers.
More than half of Puerto Rico homes had access to the Internet in 2013, according to data released by the U.S. Census Bureau through its Puerto Rico Community Survey.
Five proposals from Puerto Rico requesting a combined $163,000 in funding have been selected to benefit from the U.S. Department of Agriculture’s Rural Energy for America Program, or REAP, to develop energy efficiency projects.
The Gov. García-Padilla administration is looking to broaden the scope of possibilities regarding the establishment of public-private partnerships, or P3s, through legislation that would allow smaller scale projects, P3 Authority Executive Director Grace Santana said.
A collaboration between Puerto Rico and the U.S.-based Medical Tourism Association is the opening salvo in the island's newly announced strategy to develop medical tourism as a vital economic sector.
The Puerto Rico Telecommunications Regulatory Board this week became the newest public agency to join the government’s 3-1-1 central call center to provide orientation to Puerto Rico citizens on available services.
Puerto Rican oil recycling company, Olein Recovery Corp., announced Tuesday expansion plans that call for a $2 million modernization of its laboratory and production lines, which will add 50 new jobs.
OPEN Puerto Rico, a platform that strives to find and publish governmental data and public documents, is looking to raise $14,000 through crowdfunding platform AntRocket, to be able to further its pursuit of pushing for public sector transparency.
In recent weeks, new executives have moved into positions at Liberty International Underwriters and El Mesón Sandwiches, an insurance and retail operation, respectively.
Microfinanzas Puerto Rico and the three campuses that make up the Ana G. Méndez University System recently signed a collaboration agreement to develop and strengthen a business ecosystem that benefits the university students and the communities where the campuses are located, including low-income areas.
The U.S. Environmental Protection Agency has awarded $120,000 to Puerto Rico’s Desarrollo Integral del Sur Inc. to help it identify sources of air pollution in the Tallaboa-Encarnación community. The community is located in an industrial area of where there are a number of petrochemical businesses. The project is called "Pulmones Saludables, Ahora!" (“Healthy Lungs, Now!”)
The University of Puerto Rico’s Mayagüez campus is celebrating the 20th anniversary of its Industrial Biotechnology Program, which has served as a platform to present innovative technological, research and cutting-edge aspects using the science as a change agent.
The U.S. Department of Labor announced Monday awards exceeding a combined $3 million for Puerto Rico and the U.S. Virgin Islands to improve unemployment insurance programs.
Popular Inc. announced Monday that Popular Community Bank, its U.S. banking subsidiary, completed the previously announced sale of its Central Florida regional operations to Harbor Community Bank, a wholly owned subsidiary of HCBF Holding Company Inc.
About 3,000 school supplies were delivered by DDR’s Puerto Rico shopping centers to six nonprofit organizations that provide services to children and youth of school age.
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