Top Local News Headlines

These are the top local news stories from News is my Business for Sunday, January 22, 2017.

Oversight Board outlines goals for P.R.’s fiscal plan

Published 19 January 2017, 5:03 am
The Financial Oversight and Management Board for Puerto Rico on Wednesday outlined the goals, objectives and parameters that must be included in the new administration’s fiscal plan, as well as its willingness to extend the deadline to submit the document and effect a moratorium on creditor lawsuits, subject to specific conditions. Read More →

GUIA: Fleet sales drive ’16 car sales, which will dip in ’17

Published 19 January 2017, 5:02 am
The United Group of Automobile Importers predicted Wednesday that this year’s car sales will range from 82,000 to 84,000 units, a slight drop from 2016’s results. Read More →

USDA looks to fund broadband in unserved rural areas

Published 19 January 2017, 5:01 am
USDA Rural Development Under Secretary Lisa Mensah announced Wednesday that the agency is accepting applications for the Community Connect Grant Program and Broadband Program for FY 2017. Read More →

SBA seeks to fund entrepreneurship training

Published 19 January 2017, 5:00 am
The U.S. Small Business Administration is inviting funding proposals from nonprofit organizations, state, local and tribal government agencies, and institutions of higher learning to provide “Boots to Business” entrepreneurship training to service members, military spouses, and veterans. Read More →

San Patricio Plaza to undergo $4M remodel in ’17

Published 17 January 2017, 5:02 am
San Patricio Plaza in Guaynabo will undergo a $4 million remodeling that will begin tonight and last over 10 months, company officials announced Monday. Read More →

Liberty opens new customer service center in Aguadilla

Published 17 January 2017, 5:01 am
Liberty Puerto Rico announced Monday the opening of a new customer service center at Aguadilla Mall to offer more efficiency and convenience to customers in northwestern Puerto Rico. Read More →

$1.5M Crunch Fitness gym to open in Plaza del Caribe

Published 17 January 2017, 5:00 am
Crunch Fitness Club will open its newest location in Puerto Rico in March, a $1.5 million, 30,000 square-foot gym at Plaza del Caribe in Ponce, company officials announced Monday. Read More →

PRHTA study: PR needs DMO to boost tourism, economy

Published 13 January 2017, 5:01 am
The Puerto Rico Hotel and Tourism Association unveiled Thursday a study that confirms tourism as the sector that can provide “quick stability and economic growth” to Puerto Rico. Read More →

FirstBank grants financing to Optifarma

Published 13 January 2017, 5:00 am
FirstBank's Small Business Unit granted two loans under the SBA Express and SBA 7(a) Programs to Optifarma, LLC for the purchase of inventory and operational capital, the bank announced. The amount of the loans were undisclosed. Read More →

Parallel18 Ventures to invest $225K in 3 startups

Published 12 January 2017, 5:02 am
The Puerto Rico's Science, Technology and Research Trust announced Wednesday it will invest $225,000 in three startups through the recently created follow-up fund Parallel18 Ventures. Read More →

Backyard Bondholders meet with Oversight Board

Published 12 January 2017, 5:01 am
Backyard Bondholders Inc., an organization representing about 20 percent of the government's outstanding public debt, met a briefing Wednesday with several members of the Financial Oversight and Management Board for Puerto Rico to establish the position of local bondholders. Read More →

GO bondholders ask for invalidation of COFINA structure

Published 11 January 2017, 5:03 am
The Ad Hoc Group of Puerto Rico General Obligation bondholders addressed a memo Tuesday to island policymakers claiming the unconstitutionality of the Sales Tax Financing Corp., known as COFINA, and asking for its invalidation. Read More →

Energy Commission orders 21% drop in PREPA rate

Published 11 January 2017, 5:02 am
The Puerto Rico Energy Commission on Tuesday issued an order establishing a reduction of 21 percent on the provisional rate that the Puerto Rico Electric Power Authority effected in August 2016. Read More →

CBP starts operations at Pazos aviation facility at LMM

Published 11 January 2017, 5:01 am
U.S. Customs and Border Protection announced that Tuesday that PAZOS Fixed Base Operator Service opened a new general aviation processing facility at the Luis Munoz Marin International Airport in Carolina. Read More →

PharmPix gets pharmacy benefit management approval

Published 11 January 2017, 5:00 am
PharmPix, a local full-service Pharmacy Benefits Management (PBM) company, has again earned URAC accreditation in its field, the company announced Tuesday. Read More →

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