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Top Local News Headlines

These are the top local news stories from News is my Business for Sunday, December 21, 2014.

Cuba opening poses challenge, prospects for Puerto Rico

Published 18 December 2014, 5:01 am
The White House’s announcement Wednesday of charting a “new course” in its relations with Cuba drew immediate response from decision- and opinion-makers in Puerto Rico, which agreed for the most part that pulling the neighboring island country out of its isolated state will present challenges and opportunities in years to come. Read More →

Puerto Rico car sales dip 17.2% in November

Published 18 December 2014, 5:00 am
Despite a seemingly unstoppable downward spiral of auto sales in Puerto Rico, which dropped by 17.2 percent last month when compared to November 2013, the United Automobile Importers Group remains optimistic that there will be an improvement when the year wraps up in about two weeks. Read More →

Puerto Rico gets $1.9M to develop health care plan

Published 17 December 2014, 5:02 am
Puerto Rico will receive up to $1,944,740 to design health care payment and service delivery models that will improve health care quality and lower costs, Secretary of Health and Human Services Sylvia M. Burwell announced Tuesday. Read More →

Tourism eyed as ‘pillar’ of economic development

Published 17 December 2014, 5:01 am
Members of the Puerto Rico Chamber of Commerce told members of the Legislature Tuesday that it is “imperative that the government maintain an active and coherent public policy” when it comes to the tourism sector, which they believe is a “pillar” of economic development for the island. Read More →

SBA accepting ’15 Nat’l Small Biz Week award nods

Published 17 December 2014, 5:00 am
The U.S. Small Business Administration Puerto Rico and U.S. Virgin Islands district office announced Tuesday that the agency’s online portal is ready to accept nominations for its 2015 National Small Business Week Awards, including the annual Small Business Person of the Year award. Read More →

Sea Star Line exploring adding Puerto Rico barge service

Published 16 December 2014, 5:02 am
Sea Star Line, LLC announced Monday its intention to add a weekly container barge service to its existing sailing schedule. Read More →

Kyocera Solar Inc. enters Puerto Rico commercial sector

Published 16 December 2014, 5:01 am
Kyocera Solar Inc. and Dynamic Solar Solutions, a company dedicated to installing turnkey photovoltaic systems for residential, commercial and industrial customers since 2008, announced Monday a plan to provide solar panels to Puerto Rican businesses, harnessing renewable energy as a solution to rising energy prices. Read More →

J&J grants scholarships to 50 UPR nursing students

Published 16 December 2014, 5:00 am
Johnson & Johnson granted this year scholarships to 50 nursing students at the University of Puerto Rico as part of a donation program designed to build capacity in the health system. Read More →

Panel of experts offers ‘wish list’ for Puerto Rico growth

Published 12 December 2014, 3:13 pm
NEW YORK — A panel of experts comprising analysts, economists and financial advisors gathered in Manhattan on Friday to analyze Puerto Rico’s current fiscal conditions and offer suggestions for turning the ship around in 2015, many of which require tough decisions. Read More →

Treasury collections $3M short in November at $452M

Published 12 December 2014, 5:04 am
The Puerto Rico Treasury Department announced Thursday that preliminary General Fund revenues totaled $452 million in November. This figure is $3 million, or 0.7 percent, below estimates, agency Secretary Juan Zaragoza-Gómez said. Read More →

Puerto Rico is 13% more expensive than many U.S. areas

Published 12 December 2014, 5:03 am
The cost of living in Puerto Rico for a professional family is about 13 percent more expensive than it is in more than 300 urban and rural areas in the U.S. mainland, according to the findings of the Cost of Living Index. Read More →

Nonprofit proposes new work tax credit for families

Published 12 December 2014, 5:02 am
Aiming to encourage work in the formal economy while neutralizing regressive consumption taxes, the Center for a New Economy recently commissioned the Urban Institute in Washington D.C. to conduct a study that proposes a new work credit focused on working families with children making between $7,500 and $25,000. Read More →

EDB receives 135 new online loan applications

Published 12 December 2014, 5:01 am
A little more than three months after launching its online loan application tool, the Economic Development Bank disclosed Thursday it has received 135 new requests for funding. Read More →

United Airlines marks 20 years of SJ–NY/Newark route

Published 12 December 2014, 5:00 am
United Airlines is celebrating 20 years of service on the San Juan-New York/Newark route, a service it offers daily between the hubs. Read More →

Liberty vows to better services for Choice Cable clients

Published 11 December 2014, 5:05 am
Less than two years after picking up the assets of the former OneLink cable system in the greater San Juan area, Liberty de Puerto Rico announced Wednesday its intention to buy the only other cable provider left on the island, Choice Cable in Ponce. Read More →

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