Economist and former Clinton administration official Robert Shapiro said Tuesday the Treasury Department’s decision to nullify an agreement that would have granted Doral Financial Corp. a $230 million tax refund has “serious implications” on the potential to attract future investments, as well as on the island’s economic growth.
Puerto Rico’s “solid and mature” geography and its proximity to powerful markets as the U.S. mainland make it a strong candidate to become the computer industry’s hub for the Caribbean, an executive from technology company Cisco said Tuesday.
The economic situation that has enveloped the island in recent years has a direct impact on the lives of thousands of Puerto Ricans. Among the various consequences this situation can generate is that many families have trouble making payments on their debts, including mortgages.
Simon Malls, parent company of Plaza Carolina, recently announced the re-launching of its brand to create an identity that will highlight interaction between clients and its portfolio of shopping centers, company officials said Tuesday.
Technology, surgery products and prosthesis manufacturer, Stryker, recently launched its professional development and mentorship program for women, Stryker Women Network, at its Arroyo and Guayama plants.
Alvarez‐Diaz & Villalón, an architecture and interior design firm with offices in San Juan and Miami, has recently been nominated for the Smithsonian Copper‐Hewitt ‐ National Architecture and Interior Design Awards.
A little more than a year after making its local debut, Pollo Campero — Latin America’s largest chicken restaurant chain known for its signature fried and grilled chicken and side dishes — is taking a careful approach to expanding in Puerto Rico, where it has plans to open 20 restaurants in a decade.
Air Europa’s first direct flight from Madrid landed in San Juan Thursday evening, marking the start one more of the nonstop trans-Atlantic route to Spain and Europe, halted last year by Iberia Airlines.
Restaurants Operators Inc., franchisees of the LongHorn Steakhouse restaurant chain in Puerto Rico, announced Thursday the opening of two new eateries in Guaynabo and Manatí, and plans to open two more in the next five years.
Walmart Puerto Rico announced Thursday the launching of Gi, by TV personality Giselle Blondet line of beddings and jewelry. The products of this successful Puerto Rican actress and host will be sold exclusively at Puerto Rico stores.
Agriculture Secretary Tom Vilsack announced Thursday that USDA is accepting applications for grants to enhance telecommunications and broadcast services in rural areas, including those in Puerto Rico.
A major hurdle to marketing electric vehicles in Puerto Rico has been the absence of a network of charging stations, but a cooperative agreement between the Puerto Rico Electric Power Authority and Nissan Motor Co. signed Wednesday now paves the way for the introduction later this year of the first electric car: the Nissan Leaf.
In the past year, Puerto Rico’s “hacker community” has created 31 solutions to address 12 government challenges aiming to increase effectiveness between agencies and the quality of services to citizens. Expectations are running high for the development of more applications during the second edition of the Tech Summit.
Looking to support of small and medium-sized businesses during these challenging economic times, FirstBank and the Small Business Administration jointly announced Wednesday the financing of a $226,000 commercial loan to Assistive Technology Specialists Inc., so that it can expand healthcare equipment sales and technological assistance to people with disabilities.
The U.S. Department of Agriculture announced Wednesday it is accepting applications for loans and grants to support community development projects, kick-start business expansion and create jobs.
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