Puerto Rico needs to find its “true north,” by aligning all of its efforts and resources toward achieving economic growth and job creation, or risk experiencing an outcome “much worse than has so far been imagined,” said economist firm H. Calero Consulting Group in its most recent edition of “Compass,” an internal publication.
A wave of new developments is sweeping across Loíza Street, injecting renewed vibrancy into this well-known sector of San Juan and highlighting once again the area's resilience in the face of Puerto Rico's endless recession.
Las Vegas, Nevada-based GrowBLOX Sciences Inc., a biotechnology and research company, announced Tuesday it has opened a local subsidiary, GB Sciences Puerto Rico Inc. in anticipation of what it believes will be the legalization of medical marihuana on the island.
Doral Financial Corp. announced Monday it has entered into an agreement to sell $242.1 million in loans to FirstBank Puerto Rico through a transaction that closed May 30.
The U.S. Bankruptcy Court for the District of Puerto Rico received more than 1,000 petitions in May, when filings were up 0.7 percent in comparison to the same month in 2013, according to information provided Monday by local research firm Boletín de Puerto Rico.
Looking to uphold its commitment to the environment and the community, Toyota de Puerto Rico announced its participation in the Department of Transportation and Public Works’ “Adopt a Highway” program, taking over the responsibility for cleaning and beautifying a stretch of Muñoz Rivera Avenue in Río Piedras, where its headquarters are located.
Years of anticipation for the arrival of the Olive Garden Italian restaurant chain to Puerto Rico will end June 30, when the island’s first location will open to the public in Bayamón, franchise owners Restaurant Operators Inc. announced.
Modern American grill and sushi bar, Kona Grill, will be opening its first restaurant outside the continental United States on the island in 2015, when it takes its place among some of the world’s most high-end retailers at The Mall of San Juan, this media outlet confirmed.
Broadband Internet adoption in both the residential and business sectors is vital for Puerto Rico’s economic development because it can serve as a tool to create jobs and promote businesses, said Naji Khoury, president of Liberty Puerto Rico.
Gov. Alejandro García-Padilla and U.S. Secretary of Transportation, Anthony Foxx jointly announced over the weekend the beginning of construction for the “Sciences Boulevard,” a $16 million project that will become the main artery in the Science City district.
The U.S. Environmental Protection Agency announced a legal settlement with Landfill Technologies of Arecibo, the municipality of Arecibo and the Puerto Rico Land Authority to settle alleged violations of the Clean Air Act.
Casual dining restaurant chain Denny’s is marking its 25th anniversary in Puerto Rico and apparently has no plans to scale back its presence, announcing the construction of a new $2 million location in Aguadilla that is slated to open in February 2015.
Fast-food hamburger chain Wendy’s is making its return to Old San Juan, with the reopening of its redesigned spot at Plaza de Armas.
Research institute Great Place to Work released the ranking of the companies that have created a consistent and trust-driven workplace across national borders. Arcos Dorados was ranked fourth, up two places from last year.
Pharmaceutical company Actavis is investing $48 million to expand operations in Manatí, where it will develop a solid dosage manufacturing and packing facility, and expand its current hormone production in Fajardo, Gov. Alejandro García-Padilla announced Wednesday.
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