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1 week ago | 
newsismybusiness.com | Maria R Miranda |María Miranda
Environmental groups and industry experts are calling for major revisions to House Bill 25, which seeks to redefine Puerto Rico’s maritime-terrestrial zone. During a public hearing by the House Committee on Natural Resources, chaired by Rep. Elinette González-Aguayo, witnesses argued that the bill’s language fails to address climate change and coastal dynamics.
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1 week ago | 
newsismybusiness.com | Maria R Miranda |María Miranda |Dennis Costa
Puerto Rico’s Department of Economic Development and Commerce (DDEC, in Spanish) recently led a trade mission to the Dominican Republic aimed at expanding economic and commercial ties between the neighboring islands. DDEC Secretary Sebastián Negrón-Reichard, accompanied by more than 20 small and medium-sized enterprise (SME) owners, participated in the effort organized by PromoExport with support from the DDEC’s Puerto Rico Trade Office in the Dominican Republic.
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1 week ago | 
newsismybusiness.com | Maria R Miranda |María Miranda
With hurricane season set to begin June 1, the Office of the Puerto Rico Insurance Commissioner (OCS, in Spanish) has launched a public awareness campaign urging residents and business owners to review and update their insurance policies to ensure financial protection in the event of natural disasters. Commissioner Alexander Adams-Vega said waiting until a hurricane warning is issued may be too late to secure or modify coverage.
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2 weeks ago | 
newsismybusiness.com | Maria R Miranda |María Miranda
A digital health platform founded by young Puerto Ricans has been selected for the Stern Venture Fellowship (SVF) at New York University, a program that supports early-stage ventures with potential for broad impact. XSync uses biometric monitoring, predictive analytics and community-based tools to advance preventive and lifestyle medicine, with a focus on underserved populations. The platform combines artificial intelligence with applied science and emphasizes ethical data practices.
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2 weeks ago | 
newsismybusiness.com | Maria R Miranda |María Miranda
The Government of Puerto Rico has launched “Mercadito,” a digital procurement platform designed to modernize how public agencies buy goods and services. Developed in collaboration with Silicon Valley technology firm Glass, the initiative is described by officials as the first government e-commerce platform of its kind in Latin America. Mercadito consolidates all centralized government procurement contracts into a single digital catalog.
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2 weeks ago | 
newsismybusiness.com | Maria R Miranda |María Miranda
Puerto Rico Sen. Ada Álvarez-Conde, of the Popular Democratic Party, has introduced legislation to convert vacant and underused government buildings into affordable housing on the island. Titled the Transformation of Unused Property into Affordable Housing Act (Senate Bill 483), the bill focuses on repurposing abandoned public spaces — particularly closed schools — into housing for low-income residents, young adults, first-time homebuyers and families in need.
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3 weeks ago | 
newsismybusiness.com | Maria R Miranda |María Miranda
The Financial Oversight and Management Board for Puerto Rico has submitted a proposed $13.1 billion General Fund budget for fiscal year 2026 to the Legislative Assembly, marking the first time the spending plan was developed jointly with Gov. Jenniffer González’s administration. The proposed budget represents a 1.5% increase over the certified fiscal year 2025 budget. It was developed with assistance from the Office of Management and Budget and aligns with the current Fiscal Plan for Puerto Rico.
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3 weeks ago | 
newsismybusiness.com | Maria R Miranda |María Miranda
The Puerto Rico General Services Administration (GSA) has announced the Puerto Rico Compra 2025 event, designed to modernize and expand access to the government’s multimillion-dollar procurement system. The event will take place May 22–23 at the Puerto Rico Convention Center and is expected to draw hundreds of public procurement officials and private sector suppliers from across the island.
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3 weeks ago | 
newsismybusiness.com | Maria R Miranda |María Miranda |Michelle Kantrow
The United Automobile Importers Group (GUIA, in Spanish) reported 10,523 new vehicles sold in Puerto Rico in April, a 2.77% increase compared with the 10,239 units sold in April 2024. Year-to-date growth in the local auto market now stands at 1.6%, according to the organization’s latest report. The uptick was driven mainly by compact SUVs, which grew 11.02%, and by midsize and full-size sedans, which saw a 44.44% increase.
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1 month ago | 
newsismybusiness.com | Maria R Miranda |María Miranda
Puerto Rico Gov. Jenniffer González met Monday with members of her economic cabinet and private sector leaders to develop joint strategies in response to a wave of new tariffs being imposed by the Trump administration. President Trump has announced sweeping tariff increases, including a 25% surcharge on imports from Canada and Mexico and tariffs of up to 145% on Chinese goods.
