Preliminary July revenue reaches $624M, up 26% YOY
August 8, 2014
The Puerto Rico Treasury Department reported Thursday preliminary revenue for July 2014, the first month of the current fiscal year, reached $624 million, up $129 million, or 26 percent, from the total on record for the same month last year.
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Ford Conservation Grants program in its 13th edition
August 8, 2014
Ford announced Thursday the 13th edition of the Conservation and Environmental Grants, the annual program through which the automaker supports individuals and nonprofit organizations in projects that promote environmental conservation in Puerto Rico.
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San Juan cargo volumes fall 10.8% YOY in FY13
August 7, 2014
The Port of San Juan ranked 11th among U.S. ports in containerized cargo in 2013, but the same organization that compiled that listing also shows San Juan as suffering one of the sharpest drops in traffic from the year before.
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Fitch: Ch. 9 extension would be a positive for Puerto Rico
August 7, 2014
The extension of Chapter 9 provisions governing the adjustment of municipal debt in Puerto Rico would be a positive and important development for Puerto Rico and holders of debt of its public utilities and public instrumentalities, Fitch Ratings said Wednesday.
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Nova Southeastern Univ. opens campus in Puerto Rico
August 7, 2014
Nearly two decades after first inserting itself into Puerto Rico’s pharmacy education setting through partnerships with local colleges, Nova Southeastern University will open the doors this month to its own stand-alone campus to further its mission of preparing professionals.
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Puerto Rico farmers still on time to apply for USDA funds
August 7, 2014
Puerto Rico farmers and ranchers still have time to apply for low interest 2014 loans available through the U.S. Department of Agriculture’s Farm Service Agency’s direct farm ownership program.
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Gov’t backs extending Roosy Roads Authority law
August 6, 2014
High-ranking García-Padilla administration officials this week backed the proposed extension of Law 508 to stretch the life of the Roosevelt Roads Local Redevelopment Authority for an additional 30 years.
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EDB, ADSEF join to push community biz development
August 6, 2014
As part of an initiative to promote the development of small businesses among low-income families, the Economic Development Bank for Puerto Rico and the Family Department's Socio-Economic Development Administration, known as ADSEF, have joined forces help those participating in the islandwide Economic and Social Rehabilitation program.
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Auto dealer offers up to $3K to help consumers upgrade
August 6, 2014
Given the large volume of people driving around cars that have surpassed their useful life in the market, a Puerto Rican auto dealership has come up with an incentive to help consumers upgrade to a newer unit.
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Sacred Heart University announces new president
August 5, 2014
Sacred Heart University in Santurce has a new president, Gilberto Marxuach-Torrós, named by the institution’s trustees to succeed José Jaime Rivera, who announced his resignation in February after heading the Catholic college for more than two decades.
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Eco friendly food ware gaining foothold in Puerto Rico
August 5, 2014
Businesses throw tens of thousands of plastic cups, dishes, cutlery and containers in the garbage each day but growing interest in sustainable alternatives for food service disposables is spelling success for a small company devoted to biodegradable and recyclable food ware.
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Nagnoi nabs Microsoft honors for work in health, big data
August 5, 2014
Puerto Rican company Nagnoi, LLC was recognized by multinational corporation Microsoft during its Annual World Partner Conference held in Washington, D.C. last month.
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Small biz startups vie for 50 cash prizes from SBA
August 5, 2014
The U.S. Small Business Administration has received more than 800 applications from accelerators and incubators hoping to win one of 50 cash prizes of $50,000 each in the SBA’s first Growth Accelerator Fund competition.
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Economist: Solving PR’s power costs conundrum feasible
August 4, 2014
The island’s electricity costs — significantly high in comparison to most competitive economies — could be solved by making a series of difficult choices to fix the Puerto Rico Electric Power Authority’s escalating problems and take advantage of a new energy order that is driving down prices around the globe.
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Puerto Rico’s economic activity slides on public payroll
August 4, 2014
Puerto Rico’s economic activity index for the month of June showed a 1.0 percent year-over-year reduction, after showing a 1.1 percent YOY decrease in June 2014.
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