Top Local News Headlines

These are the top local news stories from News is my Business for Saturday, July 30, 2016.

33 startups chosen for Parallel18’s second cohort

Published 29 July 2016, 5:03 am
Parallel18, a San Juan-based international accelerator for high impact innovative enterprises that want to scale their businesses from Puerto Rico, selected 33 startups that will move to the island for five months to accelerate their companies and learn from business and technology experts worldwide. Read More →

EVERTEC reports $97.7M in 2Q16 revenue

Published 29 July 2016, 5:02 am
EVERTEC Inc. announced results for its second quarter ended June 30, 2016 Thursday, reporting a 5 percent growth in revenue to $97.7 million, compared with $93.4 million in the prior year. Read More →

Treasury reports 2% YOY revenue collection increase

Published 29 July 2016, 5:01 am
The Puerto Rico Treasury Department collected some $9.1 billion in revenue for the General Fund during Fiscal 2016, exceeding Fiscal 2015 numbers by $214.4 million or 2.4 percent, agency Secretary Juan Zaragoza-Gómez said. Read More →

Allegiant airlines to launch new Orlando/SJ route in Dec.

Published 29 July 2016, 5:00 am
Las Vegas-based Allegiant airlines announced Thursday the start of nonstop service between Orlando Sanford airport and Luis Muñoz Marín International Airport starting Dec. 14, with four weekly flights. Read More →

Bonistas del Patio blasts GDB debt restructuring law

Published 28 July 2016, 5:00 am
Bonistas del Patio Inc., which groups Puerto Rican bondholders holding about $15 billion in Commonwealth debt, called Gov. Alejandro García-Padilla’s decision to sign a law to restruction the Government Development Bank’s outstanding debt “irresponsible and illegal.” Read More →

First BanCorp reports $22M in 2Q16 net income

Published 27 July 2016, 5:03 am
First BanCorp, the bank holding company for FirstBank Puerto Rico, on Tuesday reported net income of $22 million for the second quarter of 2016, or $0.10 per diluted share, compared to $23.3 million, or $0.11 per diluted share, for the first quarter of 2016 and a net loss of $34.1 million, or $0.16 per diluted share, for the second quarter of 2015. Read More →

Popular Inc. earns $89M in 2Q16, banks on PROMESA

Published 27 July 2016, 5:02 am
Popular Inc., parent company of Banco Popular, on Tuesday reported net income of $89 million for the quarter ended June 30, 2016, compared to net income of $85 million for the quarter ended March 31, 2016. Read More →

AGC announces 43rd annual convention Aug. 25-28

Published 27 July 2016, 5:01 am
The Puerto Rico Chapter of the Associated General Contractors of America Chapter (AGC-PR) will host its 43rd annual convention and Expo Construcción at the Wyndham Hotel in Rio Mar Aug. 25-28, the trade group announced. Read More →

USDA to fund creation of biofuels, biobased products

Published 27 July 2016, 5:00 am
U.S. Agriculture Secretary Tom Vilsack announced Tuesday that the agency is accepting applications for funding to help support the development of advanced biofuels, renewable chemicals and bio based products. Read More →

Pierluisi: FAA assigns $1.1M to 3 Puerto Rico airports

Published 26 July 2016, 5:03 am
The Federal Aviation Administration has assigned more than $1.1 million in funds to the Puerto Rico Ports Authority for improvements and equipment purchases at three Puerto Rico airports. Read More →

PR Business Link launches ‘Tax Incentive Calculator’

Published 26 July 2016, 5:02 am
PR Business Link, an organization that caters to recipients of government incentives through Acts 20/22, on Monday launched a new “Tax Incentive Calculator,” an online tool to help entice new investors and businesses to Puerto Rico, which will bring new and increased business to local companies. Read More →

SBA launches online tutorials on federal R&D funding

Published 26 July 2016, 5:01 am
The U.S. Small Business Administration has released its Small Business Innovation Research online tutorials to help small businesses navigate the SBIR program, the agency announced. Read More →

Economist to discuss P.R.’s ‘economy of uncertainty’

Published 26 July 2016, 5:00 am
Seeking to contribute to the discussion and the search for solutions to the problems the island is facing, the College of Architects and Landscape Architects of Puerto Rico will host a lecture entitled "Puerto Rico before the economy of uncertainty," by economist Francisco Catalá Read More →

Greece: An example for P.R. to follow rather than fear?

Published 22 July 2016, 5:01 am
WASHINGTON — In the past 12 months, it’s become fashionable to equate Puerto Rico’s fiscal meltdown with the recent Greek tragedy in which a proud nation of 11 million inhabitants nearly got kicked out of the 28-member European Union. Read More →

14 projects split $2.1M in P.R. Science Trust grants

Published 22 July 2016, 5:00 am
The research for new diagnostic methods and therapy for endometriosis, the development of genetic tools to assist in the preservation of the bees and new methods to mitigate problems of coastal erosion are some of the projects of the new group of Grantees of the Science & Technology Grants Program, of the Puerto Rico Science, Technology & Research Trust. Read More →

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