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1 week ago | 
newsismybusiness.com | Dennis Costa |Maria R Miranda |María Miranda |Michelle Kantrow-Vázquez
Amid the ongoing trade war between the United States and China — with President Donald Trump having imposed a 145% tariff on Chinese goods and China retaliating with a 125% levy on U.S. imports as of Thursday — Puerto Rico Chamber of Commerce (PRCC) President Luis Pizarro-Otero is confident that recent moves by Puerto Rico Gov.
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1 week ago | 
newsismybusiness.com | Maria R Miranda |María Miranda
As part of its effort to transform Puerto Rico’s permit system, the Department of Economic Development and Commerce (DDEC, in Spanish) is asking users to comment on the Single Permit Process in the Single Business Portal (SBP). “It’s extremely important to know and understand the experience of system users, particularly during the Single Permit application process, while the changes to be implemented are being evaluated,” said DDEC Secretary Sebastián Negrón-Reichard.
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1 week ago | 
newsismybusiness.com | Maria R Miranda |María Miranda |Michelle Kantrow-Vázquez
President Donald Trump’s imposition of tariffs in March on imports from Canada, Mexico and China is affecting multiple industries, including Puerto Rico’s construction sector. The increased cost of materials and equipment is expected to impact both public infrastructure and private development projects. José Torrens, president of the Puerto Rico Chapter of the Associated General Contractors of America (AGC-PR), said the price hikes are contributing to market uncertainty.
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1 week ago | 
newsismybusiness.com | Maria R Miranda |María Miranda
The University of Puerto Rico at Aguadilla recently hosted the BRIDGE Conference — Building Research Initiatives and Developmental Growth for Excellence — bringing together more than 20 academic, government, and private-sector institutions to strengthen the island’s capacity to compete for federal research grants. Held in a hybrid format at the Courtyard by Marriott in Aguadilla and online, the event welcomed researchers, graduate students and grant professionals from across Puerto Rico.
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1 week ago | 
newsismybusiness.com | Dennis Costa |Maria R Miranda |María Miranda |Michelle Kantrow-Vázquez
Federal Reserve Bank of New York President and CEO John C. Williams emphasized the uncertainty reigning in the current economic landscape during remarks he delivered before the Puerto Rico Chamber of Commerce in San Juan on Friday. “Measures of policy uncertainty have increased sharply in recent months,” Williams said. “Between October of last year and this March, the Economic Policy Uncertainty Index has nearly tripled, reaching the highest level recorded over the past 40 years, outside of 2020.
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1 week ago | 
newsismybusiness.com | Maria R Miranda |María Miranda
HMS Ferries–Puerto Rico announced it transported 506,000 passengers between January and March, surpassing the same period in 2024 by nearly 60,000 passengers. This represents a 13% year-over-year increase in use of the maritime transport system. Company officials attributed the growth to consistent policies, uniform schedules and comprehensive maintenance programs that have helped improve system reliability and efficiency. Travel rose on both the island-municipality routes and the Metro route.
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1 week ago | 
newsismybusiness.com | Michelle Kantrow-Vázquez |Maria R Miranda |María Miranda
With travel volume reaching record levels, Aerostar Puerto Rico is preparing to welcome approximately 310,000 passengers through Luis Muñoz Marín International Airport (SJU) during Holy Week — up from 287,000 over the same period last year. “This will be a very busy week, and we want to make sure the public has the best experience possible when passing through the airport,” said Nelman Nevárez, director of operations at Aerostar, which manages Puerto Rico’s main airport.
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1 week ago | 
newsismybusiness.com | Maria R Miranda |María Miranda
Friends of Puerto Rico, a nonprofit focused on economic empowerment and education, has launched the Respond project in Aguadilla with support from the U.S. Department of Commerce’s Economic Development Administration (EDA). The program is designed to strengthen small businesses in the western region, improve their digital capabilities and create 275 jobs while supporting 500 businesses.
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2 weeks ago | 
newsismybusiness.com | Maria R Miranda |María Miranda
On Point Strategy, a consulting firm based in Puerto Rico and specializing in grants management, capacity building and disaster recovery, has been ranked No. 114 on the 2025 Inc. Regionals list for the Southeast region of the U.S.The Inc. Regionals recognize the fastest-growing private companies in the U.S. across seven regions: Pacific, Southwest, Rocky Mountain, Midwest, Southeast, Mid-Atlantic and Northeast. Rankings are based on revenue growth over a two-year period.
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2 weeks ago | 
newsismybusiness.com | Maria R Miranda |María Miranda |Michelle Kantrow-Vázquez
Foundation for Puerto Rico (FPR) has launched the Community Innovation Lab, a new initiative focused on identifying and addressing challenges to sustainable development and community resilience in the island’s eastern region. The effort builds on more than five years of groundwork through FPR programs such as the Bottom-Up Destination Recovery Initiative, Destination 191, and Whole Community Resilience Planning.
