Restaurants urge Puerto Rico gov’t to approve industry incentives proposal
December 15, 2020
In the wake of the severe impact from local measures implemented to control the spread of the COVID-19 pandemic, the Puerto Rico Restaurants Association asked the government to consider and approve the proposal presented in October to create a new assistance or incentives program for the industry using CARES Act funds. “Certainly, the industry is […]
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P.R. restaurant sales at $1.9B ’19, down 6.5% vs. ’18, study confirms
February 19, 2020
Puerto Rico’s restaurant industry generated more than $1.9 billion in 2019, a decrease of 6.5% compared to 2018, according to an economic study commissioned by the Puerto Rico Restaurants Association, or ASORE in Spanish. The decrease was attributed to a loss in population and the lack of family income growth. The research was conducted a […]
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Treasury starts processes to reduce sales and use tax on prepared foods to 7%
July 19, 2019
The Puerto Rico Treasury Department has begun to implement the reduction of the Sales and Use Tax (IVU, for its initials in Spanish) on prepared foods from 11.5% to 7%, which will take effect in October. “We have already started conversations with the Puerto Rico Restaurants Association to delineate the parameters of the implementation and […]
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Famous Dave’s restaurants disappearing from P.R. market
June 13, 2019
Grupo Colón Gerena, franchise license holders for the Famous Dave’s restaurants in Puerto Rico, confirmed that the chain will disappear from the local market, and will be transformed into Olive Garden eateries. The transformation is the result of recent market assessments and studies, which revealed consumers’ desire for more Olive Garden on the island, said […]
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IHOP to expand footprint in P.R. with 15 new locations in 5 years
March 12, 2019
The presence of casual dining restaurant IHOP is set to expand exponentially in Puerto Rico with the opening of at least 15 locations in the next five years, at an investment of some $22.5 million, franchise executives said. The chain already has five restaurants in Puerto Rico, with a sixth location slated to open by […]
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P.R. restaurants generate $4B in sales, generate 60K direct jobs
October 5, 2018
The EAT study, which measures industry trends, also confirmed that the sector purchases more than $500 million in local products.
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Doctors, restaurants lead Jan.-June bankruptcy petitions
July 24, 2017
During the first six months of the year, 17 medical doctors filed for bankruptcy protection, reporting more than $23.5 million in combined debt to the court, a report by research firm Boletín de Puerto Rico confirmed.
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Loíza St. bustling with new small business activity
May 1, 2017
Amid the economic gloom currently pervading Puerto Rico, one bright spot stands in firm contrast: Loíza Street.
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POKO: 1st app to offer discount coupons for P.R. eateries
March 31, 2017
As more consumers watch how much they spend on eating out, a new mobile app has been launched offering discount coupons to be redeemed in local eateries, including fast food. and casual dining restaurants.
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El Mesón Sandwiches to open 2 stores at LMM airport
December 8, 2016
El Mesón Sandwiches will open two stores at the Luis Muñoz Marín International Airport in Carolina, through an investment of $1.6 million and a partnership with Management Group Investors, the companies announced Wednesday.
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Mesón Sandwiches expanding in Central FL through ’17
September 19, 2016
Mesón Sandwiches, a Puerto Rico-based fast casual restaurant that marries the flavors of the Caribbean with an American staple, will open this week its third Central Florida location at the Premium Outlets Vineland in Orlando.
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Olive Garden to hire 200 for Plaza Las Américas eatery
August 26, 2016
Looking to promote local economic development and job creation, Puerto Rican company Restaurant Operators Inc., announced it is looking to fill 200 slots at its fifth Olive Garden restaurant expected to open in early 2017 at the Plaza Las Américas mall in Hato Rey.
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Puerto Rico Restaurant Week returns June 1-11
April 25, 2016
The 5th edition of “Puerto Rico Restaurant Week” will take place June 1-11, when premier restaurants will offer specially designed three course dinner and/or lunch menus at a fixed price.
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8 stores, eateries opening at The Mall of San Juan in Dec.
December 7, 2015
American Cut Bar & Grill and BRIO Tuscan Grille are among the eight new shopping and dining options that will debut before the end of this year — seven of which are exclusive to the market — at The Mall of San Juan.
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IHOP, Pizza Hut open at Plazoleta del Cantón in Bayamón
July 8, 2015
Two restaurant chains, IHOP and Pizza Hug, have opened new locations at the Plazoleta del Cantón in Bayamón, operators announced separately on Tuesday.
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