Gov’t signs Roosy Roads deal with Clark Realty Capital
February 3, 2015
The Local Redevelopment Authority for the former Roosevelt Roads Naval Base in Ceiba and Clark Realty Capital on Monday signed the agreement that marks the beginning of negotiations leading to the eventual adoption of the "Master Developer" contract, scheduled for June 30, government officials announced Monday.
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Science Trust poised to grant $2.2M for R&D projects
February 3, 2015
The Puerto Rico Science, Technology and Research Trust is on schedule to announce the recipients of about $2.2 million in funding earmarked to fuel the development of projects by local scientists and researchers in a wide field of sectors, agency Executive Director Iván Ríos-Mena told this media outlet.
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GSA hosts suppliers expo at Convention Center Feb. 5-6
February 3, 2015
Looking to streamline procurement processes in government and contribute to the economic development of the island, the General Services Administration will be hosting the Government Suppliers Expo at the Puerto Rico Convention Center, Feb. 5-6.
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‘I-Corps Puerto Rico’ mentorship program takes off
February 2, 2015
In its quest to assist entrepreneurs parlay their ideas into successful businesses, Grupo Guayacán has teamed up with the Georgia Institute of Technology for “I-Corps Puerto Rico,” a program offering mentorship and training over the next five weekends.
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Economist: VAT could lead to uncertainty, high inflation
February 2, 2015
The implementation of a value-added tax system in Puerto Rico to replace the current sales tax structure could have a number of consequences — from uncertainty to high inflation to lower than expected fiscal revenue — that have yet to be publicly discussed, economist firm H. Calero Consulting said in its most recent “Economic Pulse” publication.
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Shoe Carnival gives $4K to UPR Cancer Center
February 2, 2015
Shoe Carnival, in its commitment to the fight against breast cancer, presented the University of Puerto Rico’s Comprehensive Cancer Center with a check for more than $4,100.
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SBA offers social media crisis communications webinar
February 2, 2015
Whether it’s a fast-moving storm, a power outage or an in-house crisis, providing clients and business partners status updates is key to the survival of an organization.
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Retail chain Topeka kicks off $4M expansion, new design
January 30, 2015
Topeka, one of the island's leading discount retailers, is kicking off the new year with a long-term strategic succession and expansion plan that calls for a $4 million investment, the addition of three new stores, and the creation of 53 new permanent jobs, Rolando López, president of Almacenes Yakima Inc., parent company of Topeka, told News Is My Business.
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Puerto Rico hosting Caribbean Travel Marketplace 2015
January 30, 2015
Puerto Rico is hosting the Caribbean Hotel and Tourism Association’s 2015 Caribbean Travel Marketplace event — considered one of the most important symposiums of the tourism industry in the Caribbean — at the Puerto Rico Convention Center through Jan. 30
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8th edition of Puerto Rico Golf Open slated for Mar. 2-8
January 30, 2015
The Puerto Rico Open 2015 is back with its 8th edition, to be held Mar. 2-8 at the Trump International Golf Club’s Championship course in Río Grande, tournament Chairman Sidney Wolf announced Thursday.
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Puerto Rico still favorite travel spot for stateside tourists
January 30, 2015
Puerto Rico ranked 14th among the 50 most popular international destinations for North American travelers, according to Hotel.com’s Hotel Price Index for 2014.
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Statistics Institute to conduct census, survey tasks in P.R.
January 29, 2015
The Puerto Rico Statistics Institute will be taking over the task of conducting census and survey activities in Puerto Rico, following the signing of an agreement with the U.S. Census Bureau and the U.S. Department of Commerce, the local agency's Executive Director Mario Marazzi said Wednesday.
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Census: Puerto Rico loses 177K residents in 4 years
January 29, 2015
Puerto Rico has lost 177,392 residents either to migration or death in the last four years, putting pressure on the economy, as well as specific sectors, — such as retail — that will need to readjust their business models to provide for future consumer behavior.
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Puerto Rico retail sales up $20.1M in October
January 29, 2015
Puerto Rico’s retail sale saw a $20.1 million increase in October, when activity exceeded $3.22 billion, Puerto Rico Trade and Export, the government agency that tracks this economic sector, said Wednesday.
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FDIC advises Doral to accept buyout offers from rivals
January 29, 2015
In a letter sent to Doral Bank earlier this week, the Federal Deposit Insurance Corp. advised the financially crippled bank to “accept an offer to combine with another insured depositary institution,” or improve its capital levels to once again be considered as “adequately capitalized.”
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