Michelle Kantrow-Vázquez

Puerto Rico

Founder and Editor at News Is My Business

Astronomy geek. Reporter by trade. Boricua 🇵🇷. Views are my own!

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Articles

Puerto Rico’s energy rates exceed US average by over 90%, COLI shows

1 week ago | newsismybusiness.com | Maria R Miranda |María Miranda |Michelle Kantrow-Vázquez

Puerto Rico’s residential electricity rates were 90.5% higher than the average across 282 U.S. urban areas during the first quarter of 2025, according to data from the Puerto Rico Institute of Statistics. The figures, part of the January–March Cost-of-Living Index (COLI), place the San Juan–Bayamón–Caguas metropolitan area fifth-highest in the U.S. for public utility costs, with an index score of 161.
Smart solutions to protect and grow your investment with Oriental Bank’s DGI U.S. Government Money Market Fund

3 weeks ago | newsismybusiness.com | Michelle Kantrow-Vázquez

In a financial world filled with options and risks, having an investment vehicle that intelligently combines security, flexibility and performance can significantly impact your financial growth. Oriental brings you the DGI U.S. Government Money Market Fund, an investment alternative designed to protect your capital and optimize your cash flow, empowering you to manage your finances with confidence.
XJTT invests $300K in new inn, sells part of Combate Beach Resort

3 weeks ago | newsismybusiness.com | Michelle Kantrow-Vázquez

XJTT Hospitality Inc. has invested more than $300,000 to launch I Love Combate Rooms & Suites, a modern, eco-friendly inn set to open this summer near El Combate Beach in Cabo Rojo. The new lodging facility was developed through the remodeling and technological upgrade of an existing property. It will offer guests a personalized, tech-focused experience just steps from the coastline and near the Cabo Rojo National Wildlife Refuge.
Court upholds Airport Shoppes’ food concession rights in Aerostar lawsuit

3 weeks ago | newsismybusiness.com | Michelle Kantrow-Vázquez

A Carolina Superior Court judge has dismissed with prejudice a lawsuit filed by Aerostar Airport Holdings, rejecting the company’s attempt to bypass longstanding exclusivity rights held by Puerto Rican concessionaires at Luis Muñoz Marín International Airport. The ruling, issued June 2, marks the fifth time a court has sided with Airport Shoppes Corp. and Airport Catering Services Corp.
Puerto Rico hosts 1st NIIMBL biomanufacturing immersion program

3 weeks ago | newsismybusiness.com | Michelle Kantrow-Vázquez

The Puerto Rico Science, Technology and Research Trust and the National Institute for Innovation in Manufacturing Biopharmaceuticals have launched the first edition of NIIMBL eXperience@PRSTRT, a fully funded, weeklong biomanufacturing immersion for students in science, technology, engineering and mathematics. Held during the first week of June, the program welcomes 15 first- and second-year college students, including 10 enrolled in Puerto Rican institutions.
Puerto Rico bankruptcies jump 6.4% through May, debt totals $288.7M

3 weeks ago | newsismybusiness.com | Michelle Kantrow-Vázquez

Puerto Rico recorded 2,502 bankruptcy filings from January through May 2025, a 6.4% increase compared to the same period in 2024, when 2,351 petitions were submitted, according to the latest report from the Boletín de Puerto Rico. In May alone, 520 cases were filed, up 4% from the 500 registered in May 2024. Chapter 13 filings accounted for the majority, with 1,599 cases, or 63.9% of the total — a 2.8% increase year-over-year.
FCC grants LPFM licenses in Puerto Rico to 3 nonprofits under time-share

3 weeks ago | newsismybusiness.com | Michelle Kantrow-Vázquez

Three Puerto Rico nonprofit organizations — two of them faith-based — have secured low-power FM (LPFM) radio station licenses from the Federal Communications Commission (FCC), following a contested application process that resulted in an involuntary time-sharing arrangement. The FCC granted construction permits to Iglesia Generación de Fuego Inc. (IGDF) and Iglesia Cristiana Pentecostal La Gran Cosecha Inc. (ICP), both based in Caguas, and Fundación Hazlos Sonreír Cómplices de Amor Inc.
San Juan grants new business incentives to boost jobs, investment

3 weeks ago | newsismybusiness.com | Michelle Kantrow-Vázquez

The Municipality of San Juan has approved several new decrees aimed at accelerating economic development, supporting local entrepreneurs and attracting private investment in the capital city. The announcement was made by Mayor Miguel A. Romero during a signing ceremony at the Business Concierge office in Plaza Las Américas. “Since we began this administration, we’ve been clear that supporting entrepreneurs and facilitating their development is a priority for reactivating our economy,” said Romero.
SBA sees lending, manufacturing growth in Puerto Rico

3 weeks ago | newsismybusiness.com | Michelle Kantrow-Vázquez

Small businesses in Puerto Rico are receiving more federal support than ever as the U.S. Small Business Administration (SBA) sharpens its focus on disaster preparedness and domestic manufacturing. In an interview with News is my Business, SBA Regional Administrator Matt Coleman said Puerto Rico is poised to lead in building supply chain resilience while benefiting from increased SBA-backed lending and localized technical assistance. Between Jan.
Caribbean agriculture promoted at international meeting in Vieques

3 weeks ago | newsismybusiness.com | Dennis Costa |Michelle Kantrow-Vázquez

Dozens of farmers from Puerto Rico and across the Caribbean gathered in Vieques to exchange strategies for addressing climate change during the First Caribbean Agricultural Meeting. The four-day event marked the culmination of a year of virtual dialogues and was hosted by the Vieques-based agroecological collective La Colmena Cimarrona.