Experts: Broadband use should be economic indicator
February 18, 2015
Puerto Rico needs to consider integrating broadband use as one of its key economic indicators — beyond cement production and energy consumption — to promote business expansion and the development of new initiatives to create jobs, generate tax revenue and even increase real estate values, public and private sector industry representatives said Tuesday.
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Nat’l AGC Annual Convention to be held in P.R. in March
February 18, 2015
Under the slogan, "360 degrees of construction," the Associated General Contractors of America will hold its 96th annual convention for the first time in Puerto Rico, Mar. 18-20 at the Convention Center in Miramar.
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Abarca Health set to hit U.S. market via new subsidiary
February 18, 2015
Abarca Health, a Puerto Rico-based company dedicated to pharmacy benefit management, announced during its recent 10th anniversary celebration the opening of its new division, Abarca Technologies and its plans to expand and export services this year.
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USDA announces funding for green energy projects
February 18, 2015
U.S. Agriculture Secretary Tom Vilsack announced Tuesday that rural agricultural producers and small business owners across the mainland and Puerto Rico can now apply for resources to purchase and install renewable energy systems or make energy efficiency improvements.
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Economist: ’14 turbulent, but ’15 will be decisive for P.R.
February 17, 2015
The effects of the current administration’s value-added tax proposal as part of a sweeping tax overhaul and the “liquidity time bomb” of the Government Development Bank will make 2015 a “decisive year” for making harsh decisions, analyst firm H. Calero Consulting predicted in the latest edition of its publication “Compass.”
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RUM selected for NSF’s Pathways to Innovation program
February 17, 2015
The University of Puerto Rico’s Mayagüez Campus, known as RUM, has been selected among 25 U.S. institutions by the NSF-funded National Center for Engineering Pathways to Innovation (known as Epicenter) to join the Pathways to Innovation Program.
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Executives named at Open Mobile, GDB
February 17, 2015
Wireless carrier Open Mobile and the Government Development Bank named new executives recently, to fill high-ranking posts within their respective operations.
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SBA launches LINC, new online matching tool
February 17, 2015
The Small Business Administration has launched a first-of-its-kind tool on the federal agency’s website that will allow entrepreneurs looking for a small business loan to get matched with an SBA lender.
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The Mall of San Juan adds 5 more retailers to tenant mix
February 16, 2015
Five more retailers have added their names to the roster of tenants moving into The Mall of San Juan and will be making their Puerto Rico debuts when the luxury shopping center opens Mar. 26, mall operator Taubman Centers Inc. revealed late last week.
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New $19.4M construction project slated for Old San Juan
February 16, 2015
Old San Juan's urban topography is about to undergo a slight tweaking over the next couple of years.
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S&P cuts Puerto Rico’s GO bonds to ‘B’ from ‘BB’
February 13, 2015
Standard & Poor's Ratings Services pushed Puerto Rico’s general obligation rating further into junk Thursday when it lowered it 'B' from 'BB,’ with a negative outlook.
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‘Taste of Rum’ to mark more than 450 years of tradition
February 13, 2015
The sixth annual edition of the “Taste of Rum” is returning Feb. 28 to celebrate the industry’s 450-year history in Puerto Rico.
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Flower sales drop, but still in demand for Valentine’s
February 13, 2015
With Valentine’s Day less than 24 hours away, millions of people will say, “I love you” with flowers. Last year, Puerto Ricans spent about $6 million on blooms from Colombia, one of the world’s largest flower exporters, a government spokesman for that country said Thursday.
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Ex-NYC Mayor Giuliani to speak at Investment Summit
February 13, 2015
Former New York City Mayor and President of Giuliani Partners, Rudy Giuliani, will act as keynote speaker at the 2015 Puerto Rico Investment Summit, slated for Feb. 26-27 at the Puerto Rico Convention Center.
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Gov. talks Treasury overhaul, submits tax reform bill
February 12, 2015
Gov. Alejandro García-Padilla announced Wednesday the restructuring of the Puerto Rico Treasury Department, as well as offered details of the administration’s proposed tax reform expounded in a 1,400-page bill submitted at the Legislature late in the day.
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