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Top Local News Headlines

These are the top local news stories from News is my Business for Wednesday, October 22, 2014.

GDB, Treasury provide liquidity, cash flow updates

Published 20 October 2014, 5:01 am
As part of its initiative to enhance public disclosure, the Government Development Bank for Puerto Rico recently provided a “special liquidity update,” while the Treasury Department posted a Commonwealth General Fund cash flow projection for Fiscal 2015. Read More →

USDA grants $153K to Puerto Rico for housing repairs

Published 20 October 2014, 5:00 am
The U.S. Department of Agriculture recently granted Puerto Rico $153,345 to help rural families repair and rehabilitate their homes. The funding is included in a global $4.8 million the agency is doling out nationwide, U.S. Agriculture Secretary Tom Vilsack announced. Read More →

Lilly to close Guayama plant in ’15 as part of realignment

Published 17 October 2014, 5:02 am
Eli Lilly and Company announced Thursday plans to conclude production and pursue a sale of one of its Guayama plant, one of three operations it has in Puerto Rico. The site will remain in production until the end of 2015, company officials said. Read More →

Puerto Rico auto sales on non-stop downward spiral

Published 17 October 2014, 5:01 am
Auto sales in Puerto Rico continued their downward trend in Spetember, when 8.1 percent fewer vehicles went to new owners, marking the eighth consecutive month of this year showing negative results, according to numbers released Thursday by the United Automobile Importers Group. Read More →

Doral employees urge to gov’t to end fight, spare jobs

Published 17 October 2014, 5:00 am
A group of Doral Bank employees held a news conference Thursday, urging Gov. Alejandro García-Padilla to stop the government’s “attack” on their workplace, and “save their jobs.” Read More →

Telecom Board voicing need for transatlantic teamwork

Published 16 October 2014, 5:04 am
The Puerto Rico Telecommunications Regulatory Board is taking an active role in the international arena, voicing a need for greater transatlantic coordination and collaboration efforts to benefit markets across the globe, which stand to gain a lot from existing and emerging technologies. Read More →

Puerto Rico governor reshuffles fiscal team

Published 16 October 2014, 5:03 am
Puerto Rico Gov. Alejandro García-Padilla announced changes to his fiscal team Wednesday that call for shifting Treasury Secretary Melba Acosta to the helm of the Government Development Bank, and naming Juan Zaragoza-Gómez as her successor at the agency. The governor also announced the appointment of Luis Cruz as director of the Office of Management and Budget. Read More →

PR Tech Corridor gets $7M grant to curb unemployment

Published 16 October 2014, 5:02 am
The Puerto Rico Technoeconomic Corridor in Mayagüez has been selected to receive more than $7 million in grant funding from the U.S. Department of Labor to join the effort to help curb long-term unemployment. Read More →

Liberty Puerto Rico launches ‘Liberty Everywhere’

Published 16 October 2014, 5:01 am
Liberty Puerto Rico recently launched its newest product, “Liberty Everywhere,” through which it vows to “transform the ways in which its customers access and use video content.” Read More →

Bahía Beach Resort selects Claro as telecom provider

Published 16 October 2014, 5:00 am
Telecommuncations company Claro Puerto Rico and the St. Regis Bahía Beach Resort and Golf Club announced an agreement by which the former will provide the residents of Bahía Beach its television and fiber optic broadband services with speeds of up to 150 Megas for Internet service. Read More →

Pulitzer winner: Investigative journalism ‘good business’

Published 15 October 2014, 5:03 am
Investigative reporting is a long-standing practice in journalism known for its all-consuming nature when it comes to time and resources. However, becoming involved in this type of exercise — which can be said is becoming a lost art — is not only a media outlet’s way of performing its civic duty, but ultimately makes great business sense. Read More →

EDB pumps $32.2M into Puerto Rico economy in 1Q15

Published 15 October 2014, 5:02 am
The Economic Development Bank for Puerto Rico disclosed Tuesday that during the first quarter of Fiscal 2015, it has approved more than $32.2 million in 68 loans to businesses looking to expand or establish themselves on the island. Read More →

Gov. signs bill to spur development of creative industries

Published 15 October 2014, 5:01 am
Puerto Rico Gov. Alejandro García-Padilla signed Tuesday Senate Bill 655, which establishes public policy for promoting and giving stimulus to creative industries, conceives the Creative Industries Advisory Board and assigns $1 million to Puerto Rico Trade and Export to oversee those tasks. Read More →

PR MBDA receives $100K for aerospace industry training

Published 15 October 2014, 5:00 am
The Puerto Rico Minority Business Development Agency Center, a nonprofit run by the Puerto Rico Products Association, received funding from the U.S. Department of Commerce to establish a technical assistance program to help minority companies join the aerospace industry supply chain. Read More →

Doral reps urge gov’t to honor tax agreement

Published 14 October 2014, 5:02 am
On the heels of its legal victory last week, Doral Financial Corp.’s Economic Advisor Robert Shapiro on Monday urged the government of Puerto Rico to honor the tax agreement upheld by a local court, “for the sake of its credibility.” Read More →

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